International Experiences in Green Finance Development

26 International Experiences in Green Finance Development: Lessons for Hong Kong Table 4: Some of the Key Stakeholders in the Green Finance Ecosystem in New York Type Organization Function Government EPA The EPA is responsible for regulating environmental policies and regulations. Its functions in green finance include: • Developing and implementing environmental regulations to encourage green investments and sustainable development. • Providing environmental data and information to help financial institutions assess environmental risks and opportunities. • Supporting environmental projects to reduce adverse impacts on the environment. Department of the Treasury The Treasury Department’s functions in US green finance include: • Managing tax policies and providing tax incentives to promote green investments. • Leading international financial policies to promote international cooperation on green finance standards. • Providing financial support to promote sustainable development and the construction of green infrastructure. Securities and Exchange Commission (SEC) The SEC requires publicly traded companies to disclose information related to ESG factors, helping investors better understand a company’s sustainability practices and risks. Financial institution New York Stock Exchange The New York Stock Exchange is one of the largest stock exchanges globally, attracting numerous companies, including those with significant operations in the green and sustainable sectors, to list and trade their shares. This provides green companies with financing and access to capital markets. Bank of America The Bank of America offers financial support for sustainable and green projects, including providing green bonds, financing for renewable energy projects, and environmental loans.