Figure 2: A green transition of finance - the Pachisi investment game. Source: GAMOW
their life cycle (Figure 1). Biomass CHP power projects performed better in avoiding the use of metal. The “green” label for bonds could expand to report different levels of environmental performance (shades of green). Issuers could also attach several labels to bonds to appeal to investors interested in different environmental or social impacts, from reducing GHG emissions or reducing water use to increasing access to education or health care. i BOUT THE AUTHORS Floriane Maman is a co-founder and Managing Director of GAMOW. She has 15 years of experience in the private and the public sector in finance, strategy, partnerships, general management and development finance. She is a co-author of the 2018 OECD publication “Making Blended Finance work for the Sustainable Development Goals” and “Social Impact Investment 2019: the impact imperative”. She holds a BA in Corporate Law from PanthéonSorbonne, a MSc. in Management from ESCP Europe and she is a Certified Public Accountant in France, England and Wales. Ian R Cherradi is the Chief Strategy Officer of GAMOW. He is an entrepreneur, with 20 years of experience in sustainable architecture design, urban infrastructure systems, strategic thinking, 186
macroeconomics, anti-corruption (with positive results) and advocacy. He made recommendation for the Millennium Development Goals in Africa. He holds a M. Arch from Université Libre de Bruxelles with a specialty in Landscape and Urban Planning from IUAV in Venice. He led the research project “The Gate” on climate change and transition. Claudia Hitaj is a Research & Technology Associate at the Luxembourg Institute of Science & Technology. She is an economist in the LifeCycle Sustainability Assessment group, focusing on green finance and energy and agricultural economics. Claudia holds a BA in Economics and Mathematics from Yale, a MPhil in Environmental Policy from the University of Cambridge, and a PhD in Agricultural and Resource Economics from the University of Maryland. ABOUT GAMOW GAMOW, a Swiss-based entity, advises public, private and civil society decisionmakers in the implementation of the UN’s Sustainable Development Goals (SDGs). The company’s services span strategic, financial and operational advisory as well as research activities in sustainable finance. The team has a specific expertise in risk management, change management, energy, infrastructure, urban planning and agriculture. Email contact@gamow.org CFI.co | Capital Finance International
Author: Floriane Maman
Author: Ian Cherradi
Author: Claudia Hitaj