Announcement of a Newly Strengthened Partnership Between Luxembourg and GGGI

The side event was also the occasion for Frank Rijsberman to announce a strengthened partnership between Luxembourg and GGGI. He first recalled that Luxembourg and GGGI signed a host country agreement this past summer to open a GGGI office (focused on sustainable finance) in the Grand Duchy before the end of this year. He then announced that the Luxembourg Government will soon fund a global programme on sustainable finance in which GGGI will partner with LuxSE. This will be a technical assistance programme to provide assistance to governments and stock exchanges as well as anyone else wishing to explore innovative sustainable finance opportunities. The programme foresees an investment of about €5 million in the next five years and is supported by Luxembourg’s Ministry of the Environment, Climate and Sustainable Development, the Ministry of Finance and the Ministry of Foreign and European Affairs.