18/10/2019 (Agence Europe) – The EU, Argentina, Canada, Chile, China, India, Kenya, and Morocco launched the International Platform on Sustainable Finance (see EUROPE 12268/11) on Friday 18 October, on the margins of the annual meetings of the IMF and the World Bank in Washington. Its objective is to strengthen international cooperation and coordination of the approaches of the various participating countries in order to increase the mobilisation of private capital for 'green' investments, the Commission explains in a statement. “While public funding will be vital for the green transition, it cannot pay the massive investment bill alone. We also have to tap private capital, and greatly scale up green investment so that it can help address the climate emergency”, said European Commissioner for Financial Services, Valdis Dombrovskis. (MF)