The Banking Coalition for the Green Economy

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Setting Standards for Sustainable Finance

Launch of the Banking Coalition for the Green Economy and First Principles for Carbon Pricing Standards

Universal Carbon Finance (UCFINN) is thrilled to announce the launch of the Banking Coalition for the Green Economy. This new coalition brings together leaders from finance, academia, and policy to standardize financial instruments for a sustainable future. Key to its mission, the coalition has introduced the Principles for Carbon Pricing Standards—the first global framework to ensure transparent, market-driven carbon pricing. These standards lay the groundwork for the forthcoming Carbon Pricing Index, a critical tool to harmonize carbon markets worldwide and advance sustainable finance.

Discover how these principles will shape the green finance landscape and support the transition to a low-carbon economy.

Download the press release here.

Rockefeller Bellagio Center Hosts the Banking Coalition for the Green Economy Launch Event

With the support of the Rockefeller Foundation, Universal Carbon Finance (UCFINN) hosted the inaugural convening of the Banking Coalition for the Green Economy at the Rockefeller Bellagio Center in September 2024. This landmark event brought together leading experts from finance, academia, and policy to establish essential standards for international carbon pricing, green lending, and sustainable financial instruments. Over several days, attendees collaborated to set foundational standards, benchmarks, and solutions that will drive decarbonisation in global finance and pave the way for future green banking innovations.

Learn how the outcomes of this event will shape sustainable finance and how you can get involved.

Download the press release here.

Administrator of Sustainable Finance Standards

The Banking Coalition for the Green Economy (BCGE) is a non-profit organisation dedicated to advancing sustainable finance by setting global standards for green financial instruments. Our mission is to foster the smooth integration of green finance into global markets and facilitate the transition to a low-carbon economy.

As an emerging leader in the development and administration of sustainable finance benchmarks, we are committed to creating transparent, high-quality standards that support the decarbonisation of financial markets. Our benchmarks, including the upcoming Carbon Pricing Index, are designed to guide the financial sector toward more sustainable practices.

With a strong focus on governance and ethics, we acts as a trusted partner in the financial industry's journey toward sustainability.