2016 was definitely the hottest year on record and probably also the dirtiest and most hazardous. “The climate broke records in 2016“ said World Meteorological Organization chief Petteri Taalas. With the primary cause climate change: the burning of fossil fuels. Mt. Kilimanjaro has lost 85% of its icecap 26% being since 2000. Worldwide, around 18,000 people now die every day as a result of air pollution. Some 26 million people are also forced into poverty each year by the impact of natural disasters, with climate shocks reversing hard-won development gains.
Thus 2016/2017 have been the best years ever for green finance. Many countries are issuing strategies for greening their financial systems. Simply put, green finance covers the financing of investments that generate environmental benefits as part of the broader strategy to achieve inclusive, resilient and sustainable development.