Jean-Paul Servais suggested the island was one of the first places to regulate green investments [BBC]
The head of an international regulator has praised the strength of Guernsey’s green finance regime.
Jean-Paul Servais, chairman of the International Organization of Securities Commissions (IOSCO), suggested the island was one of the first places to regulate green investments.
Green finance is a loan or investment that supports environmentally friendly activity.
Funds located in Guernsey have invested in new solar panel projects across the world, alongside new wind farms.
‘Learn from each other’
Guernsey Finance, the body promoting the island’s finance sector, said the net asset value of Guernsey green funds had steadily risen since 2018, with £5.6bn recorded at the end of March last year.
Mr Servais was among more than 50 visitors invited to the island by the Guernsey Financial Services…
