Green Transition to Generate Additional Growth and Development, Says Former UN Deputy Secretary-General

Deep News
05/19

On May 19, the 2026 Tsinghua PBCSF Global Finance Forum was held in Chengdu, Sichuan from May 17 to 20. The theme of this forum was "Global Financial Governance in a Changing World: New Challenges, New Opportunities, and New Developments."

At the "Green Finance and Sustainable Development" thematic forum, Vera Songwe, former United Nations Deputy Secretary-General and Chair and Founder of the LSF, pointed out that sustainable development is essentially an action concerning collective interests. She noted that the green transition will bring new additional growth and development, serving as a crucial anchor for the energy transition. However, to achieve sustainable development, it is necessary to build relevant infrastructure and manufacturing capabilities to construct the entire supply chain and create more value. On the global supply chain, it is essential to ensure not only an increase in value but also the downward transmission of value.

Vera Songwe emphasized that, for university students, this is a critical point to focus on: how to design a process that can provide public goods, deliver social welfare both upstream and downstream, ensure fair distribution, and integrate resources effectively.

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