Now, many jurisdictions are exploring whether they need to develop term risk-free benchmarks, say for one- or three-month maturities, for use in mortgages and cash markets and perhaps also for some derivatives. This might help the transition from LIBOR-type benchmarks, where term rates are more widely used than overnight rates.
Since 2017, they have been granting developing countries almost 200 billion dollars per year, partly going to climate mitigation and adaptation projects. Within the G20 Sustainable Finance Working Group, a work stream has been created to enhance the alignment of this contribution with the goals of the Paris Agreement.