This – what we are doing here – is a vital component. We must develop clear guidelines on green finance. The temptation would be to be loose with definition and regulation, in order to ensure that Nairobi is the entrepôt in this new, and essential, field of finance. However, the entrepôt model can have its drawbacks.
We must remember that sometimes these may bring the detritus of trade, much as they could bring in high quality commerce. We cannot accept, or afford, to give cover to those who only wish to burnish their greenwashing credentials. Thus, we must look at the highest quality of green bond issuance.