CASI and Partners Drive Sustainable Finance in Africa
CASI Co-hosts the African Sustainability Forum Successfully
The Capacity-building Alliance of Sustainable Investment (CASI), in collaboration with the South African Reserve Bank, National Treasury, and UNCTAD, recently organized the first African Sustainability Forum. This significant gathering took place as a side event of the G20 meeting and brought together prominent figures and thought leaders in sustainability.
Highlighting Sustainable Finance in Africa
The forum attracted over 240 senior policymakers, financial leaders, and sustainability experts from 24 countries, with an additional audience participating online. This environment encouraged robust discussions centered around advancing sustainable finance markets in Africa.
Participants highlighted critical topics like sustainable finance taxonomies, disclosure requirements, the transition to renewable energy, and innovative financing tools aimed at encouraging green industrialization across the continent. A significant focus was also placed on exploring the scalability of carbon markets in Africa, particularly by utilizing Article 6 provisions from the Paris Agreement.
The Role of CASI in Sustainability Initiatives
Ma Jun, Chairman of CASI, emphasized the immense potential for green growth within Africa, pointing to its abundant renewable energy resources and carbon sink capabilities. He articulated a vision where Africa's sustainable finance market could concentrate on renewable energy investments, modernizing mining and agriculture sectors, and creating carbon credits for international markets.
Marcos Neto, the UN Assistant Secretary-General, who oversees the G20 Sustainable Finance Working Group, underlined the pressing necessity for capacity-building within African markets. He recognized CASI's crucial role in these efforts, advocating for the enhancement of skills and knowledge in sustainable finance.
Encouraging Robust Taxonomies and Regulatory Oversight
Gcobisa Magazi, representing the South African G20 Presidency, echoed the call for developing resilient sustainable taxonomies and improving the interoperability of these frameworks across different jurisdictions. She indicated that these steps are essential to align efforts globally.
Nan Li Collins, Senior Director for Investment and Enterprise at UNCTAD, spoke about the fundamental need for transparency and reliable data. She stressed that building investor trust through regulatory oversight is paramount to scaling up sustainable investment, especially in developing markets.
Innovative Learning and Future Plans
During the forum, CASI introduced new online learning modules, totaling 26, which are now available for participants. These modules include AI-driven tools designed to facilitate multilingual learning experiences, making sustainability education more accessible.
Looking ahead, it was announced that the next CASI Sustainability Forum is scheduled to occur in Kuala Lumpur, Malaysia, in mid-2025. This continued commitment indicates CASI's dedication to enhancing sustainability practices globally.
Since its inception at COP28, CASI has successfully provided capacity-building and technical assistance to over 5,000 participants from more than 50 countries, mainly focusing on emerging markets and developing economies. This initiative reflects CASI's ongoing mission to promote sustainable growth across regions.
Frequently Asked Questions
What is CASI?
The Capacity-building Alliance of Sustainable Investment (CASI) focuses on enhancing sustainable finance practices worldwide, particularly in developing markets.
What events did CASI co-host?
CASI co-hosted the first African Sustainability Forum as part of the G20 side events, focusing on advancing sustainable finance in Africa.
What topics were discussed at the forum?
Discussions covered sustainable finance taxonomies, energy transition, and blended finance tools, among others, to boost green industrialization in Africa.
Where will the next CASI Sustainability Forum be?
The next CASI Sustainability Forum is planned for Kuala Lumpur, Malaysia, in mid-2025.
How many participants has CASI engaged since launch?
Since its launch at COP28, CASI has engaged over 5,000 participants from more than 50 countries, focusing mainly on capacity building in emerging markets.
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