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Sustainability, however, is a complex and evolving topic. The World Bank Group long-term finance unit has been at the forefront of promoting Sustainable Finance globally though data provision, analytical work, instrument design and technical assistance to support regulators and investors in our client countries to 'green' their financial systems. One of the driving forces for the growth of sustainable finance is the need to mitigate climate risk. Climate change is making its presence felt in different forms such as extreme weather conditions, water scarcity, melting icebergs, etc. It makes it imperative to develop a lower carbon economy. This requires investment in the installation of wind farms, solar parks, electric vehicle infrastructure and more. This is where sustainable finance has an important role to play. Sustainable finance is the set of financial regulations, standards, norms and products that pursue an environmental objective. It allows the financial system to connect with the economy and its populations by financing its agents while maintaining a growth objective. Sustainable Finance is the process of taking due account of environmental social and governance (ESG) considerations when making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects (European Commission). It has become a powerful movement led by regulators, institutional investors and asset managers globally. Finance contributes to poverty alleviation through economic growth and the development of green finance is related to the sustainable development of the world economy and environment. Green finance not only helps to promote sustainable economic development but also helps reduce poverty