• Initiative -
  • Type Think20 (T20)
  • Date 29 May 2020
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Abstract

Despite ongoing efforts, there continues to be a significant investment gap in building energy efficiency (BEE). Given the limited public resources, targeted green finance instruments can help bridge this gap. However, mainstreaming green finance is fraught with several challenges, including the lack of a global taxonomy and incoherent policy guidance. In this policy brief, we first propose improving national BEE standards, especially in the developing members of the G20, and to reduce differences between the national and global standards, which can significantly contribute to establishing a global taxonomy of green finance for BEE. Next, we propose a more focused and progressive implementation of the G20 Tokyo Declaration with systemic policy action, aligning fiscal and financial policy priorities with low-carbon energy transition goals that can catalyze the development of green finance.

Authors

Fatih Yılmaz

Senior Research Associate Dr. Yilmaz is a senior research associate in the Energy Transitions and Electric Powerprogram. His current research agenda aims to… Dr. Yilmaz is a senior research associate in the Energy Transitions and Electric Powerprogram. His current research agenda aims to enhance our understanding of the financial and economic consequences of the global energy transition towards renewables, and to design effective policies to balance financial risks and growth prospects. Prior to joining KAPSARC, Dr. Yilmaz had worked as an economist in the Structural Economic Research Department of the Central Bank of the Republic of Turkey, where he actively involved in the research and the design of policies for the private and banking sectors. He had also worked as a consultant for the World Bank and took responsibilities in various consulting projects for the Canadian and Turkish Governments. As an academic, he had spent a year as an assistant professor at the ADA University and worked as a graduate assistant at the University of Calgary and at the Western Illinois University, where he had taught several courses in economics and econometrics. Dr. Yilmaz has authored various academic and policy articles, and book chapters in the past. He has involved in the organization of conferences and workshops, and acted as a referee for many academic journals.

Expertise

  • Sustainable Finance and Investment
  • Applied Banking and Finance
  • Corporate Taxation
  • Public Economics and Applied Micro-Econometrics

Publications See all Fatih Yılmaz’s publications

Nawaz Peerbocus

Nawaz Peerbocus

Strategy and Planning Director Nawaz was the Strategy and Planning Director at KAPSARC. He was previously the program director for Energy Transitions and Electric…

Nawaz was the Strategy and Planning Director at KAPSARC. He was previously the program director for Energy Transitions and Electric Power. Before joining KAPSARC, he was the Chief Economist at the Saudi Electricity Company (SEC) where he led the strategic transformation project and advised on strategic planning issues. Before SEC, Nawaz was director of Market Strategy at Enbala and senior economist at the Ontario Independent Electricity System Operator.

Kelly Sims Gallagher

Kelly Sims Gallagher

Rishikesh Ram

Rishikesh Ram

Kaliappa Kalirajan

Kaliappa Kalirajan

Venkatachalam Anbumozhi

Venkatachalam Anbumozhi

Fang Zhang

Fang Zhang

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