Green Finance and Innovative Facilitating Measures for Green Supply Chains

Specialized Sub-forum on Green Finance and Innovative Facilitating Measures for Green Supply Chains

Date and Venue

Time: 22 November 2023, 09:00-12:00

Venue: Room 16-17, Galaxy International Convention Center, Macao SAR, China

Hosts

Global Green Supply Chain of Forest Products (Macao) Federation, and Luso International Banking Ltd.

Co-organizer

Doors Association of Guangdong

Background

It's essential for the legal and sustainable development of the timber industry to get all sources of funding, including the domestic government, private and official development assistance and other innovative facilitating measures. The climate finance data provided by the Organization for Economic Co-operation and Development (OECD) shows that climate finance flows to forestry compared with other sectors - that forestry almost doubled between 2015 and 2019 but are still below the level of investment needed. There has been a substantial increase in climate-related development finance for all sectors since 2000, but little of this has been directed towards forestry, with the share of climate finance channeled to forestry not exceeding 4 percent of the total between 2009 and 2019.

Forests are of great significance in mitigating climate change, improving livelihoods of indigenous people, and protecting biodiversity. Human society benefits from forests and is highly dependent on them. The forest industry provides society with a large number of renewable, carbon-storage, and degradable wood products, making it the most environmentally friendly material. However, due to the lack of relevant financing and payments for environmental services, the sustainable development capacity of small and medium-sized forestry enterprises has been restricted.

The green finance and innovative facilitating measures, which will help reduce the burden on SMEs and motivate the private sector to adhere to green and sustainable principle is serving as a catalyst and accelerator for the legal and sustainable development of the timber industry, as well as an important engine for driving the green transformation of the timber industry. In the post-pandemic era, increasing such green finance is an important opportunity for green recovery, therefore, all the innovative facilitating measures are welcome to be put forward, including but not limited to the green finance, the forest fund, the official subsides, etc.

Objective

This forum will focus on exploring all the possible measures for promoting global legal and sustainable timber supply chains, including the green finance, payments for environmental services, and other related measures. Based on the timber enterprises’ demand, more green finance and innovative facilitating measures will be put forward to support the timber industry’s recovery.

Theme

Green Finance and Innovative Facilitating Measures for Green Supply Chains

Organizers and partners

The sub-forum will be co-organized by the Global Green Supply Chains (Macao) Federation and the Luso International Banking Ltd. (TBC). The Guangdong Doors Association of China will be the supporting partner.

Participants

It is expected to attract around 100-150 participants. Those participants can also participate in and contribute to the main forum on the first day, as well as the display, side-events and B2B activities.

Programme and Schedule