International Platform on Sustainable Finance (IPSF)

ABOUT THE INTERNATIONAL PLATFORM ON SUSTAINABLE FINANCE (IPSF)

• The International Platform on Sustainable Finance (IPSF) was launched on 18 October 2019 by public authorities from Argentina, Canada, Chile, China, India, Kenya, Morocco and the European Union, representing almost half of the world’s greenhouse gas emissions.
• There are also seven Observers for this International Platform.
• The International Platform aims to
  • Exchange and disseminate information to promote best practices in environmentally sustainable finance
  • Compare the different initiatives and identify barriers and opportunities to help scale up environmentally sustainable finance internationally
  • While respecting national and regional contexts, enhance international coordination where appropriate on environmentally sustainable finance issues. Where appropriate, some willing members could strive to align initiatives and approaches.
• The ultimate objective is to:
  • Scale up the mobilisation of private capital towards environmentally sustainable finance at global level
  • Promote integrated markets for environmentally sustainable finance
  • It is not an institutionalised body, nor does it create any binding, legal or financial obligations on any member under domestic or international law.

Prelims Question

Q. Consider the following statements regarding International Platform on Sustainable Finance (IPSF)
1.It is an institutionalized body and its orders are binding on any member of this platform.
2.India is one of the founding members in this International Platform.
Which of the statements given above is/are correct?
a)1 only
b)2 only
c)Both 1 and 2
d)Neither 1 nor 2

Answer to the Prelims Question