Adapting to climate change and reducing greenhouse gas

Size: px
Start display at page:

Download "Adapting to climate change and reducing greenhouse gas"

Transcription

1 Environment and Climate Change GIZ DISCUSSION PAPER Tackling climate change at scale MOBILISING PRIVATE SECTOR INVESTMENTS through technical assistance GIZ s experiences and lessons learned Adapting to climate change and reducing greenhouse gas emissions on a large scale entails mobilising significant financial resources. Public financial resources alone are insufficient to finance the mitigation of GHG emissions and adaptation to climate change to the extent needed. As such, an effective response to climate change requires the engagement of: a) the private sector, in the form of businesses, through investments in low-carbon and climate-resilient technologies, infrastructure, products and services, and b) the private financial sector through the provision of capital and adequate investment products. However, private investment in mitigation and adaptation measures in developing countries is currently lagging behind what is needed. For over 40 years, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has worked in numerous developing countries on private sector development, including work with a focus on catalysing private investment in environmental protection, and in climate change mitigation and adaptation. This discussion paper summarises key lessons learned from this work. Enabling environments for leveraging private sector investment PHOTO: VISUM Over the past few years, an extensive body of conceptual work, together with case-study analyses by a wide range of different institutions 1, have identified key investment barriers as well as the required enabling conditions including policy and financial instruments to overcome these barriers and attract private investment in mitigation and adaptation activities in developing and emerging economies. Although the specific findings gleaned from this existing body of literature vary somewhat depending > 1 Such as IFC, OECD, WEF, UNEP, UNDP, CMCI, WRI, CPI, GIZ among others

2 on the geographical and technological areas of focus, there is broad consensus on key enabling conditions and related support needs. The experience gained in programmes implemented by GIZ confirms the validity of the general enabling conditions and support needs identified in the literature. More specifically, in our programmes we have come to the following conclusions: We believe that a coordinated approach at all levels of the economy is a key success factor. The private sector can contribute both to climate change and to effective mitigation and adaptation measures. In this context, one of the major challenges relates to changing political and macroeconomic framework conditions in a way that leads to a shift of traditional investment patterns into low-carbon, climate-resilient alternatives. Certain characteristics are specific to climate change-related investments, such as the fact that mitigation and adaptation benefits are frequently long-term and are not valued in today s markets. However, we have seen that, by nature, successful approaches to incentivise private sector investments in climate change-related areas are mostly not fundamentally different from the initiatives designed to enable private sector engagement that have traditionally been undertaken in the context of sectoral development strategies and industrial policy. At the same time, in some sectors, such as the forest sector, opportunities for private sector investment have increased significantly with the increased awareness of climate change and new international public funding mechanisms such as REDD. For the private sector to invest in activities related to climate change mitigation and adaptation, these activities need to offer genuine business opportunities. If there are no profits to be made, or losses to be avoided and costs to be saved, private sector engagement will remain a niche market dependent upon public support. The private sector plays a key role in implementing a majority of climate change mitigation activities. However, when it comes to adaptation, the role for private sector engagement is sometimes > Innovative insurance products for adaptation to climate change In cooperation with national governments and the insurance industry, GIZ has supported the development of innovative insurance products for adaptation to climate change in China, Peru, Ghana and Kenya. In the Chinese province of Fuijan, an insurance product against typhoon damage was developed together with China Life, the largest Chinese insurance company. In three provinces in northeastern China, the foundations for developing weather insurance have been laid. In Peru, indexbased insurance schemes against climate risks have been introduced in the regions along the coast which are particularly affected by the extreme climate phenomenon El Niño. In Ghana, cooperation between Ghanaian insurance companies and an international reinsurer has been initiated to enable the insurers to minimise their aggregate risk. Based on these experiences, the Agricultural & Climate Risk Insurance Unit (ACRI) of GIZ has identified key success factors for the development of sustainable agricultural and climate risk insurance solutions. 2 These include the need for innovation in the use of technology to be able to serve low-income clients in developing and emerging market economies and the need to develop new insurance schemes with a view towards fast scale-up in order to achieve the required risk diversification. GIZ s Ready for Climate Finance Approach The Ready for Climate Finance approach is the conceptual base of GIZ s support in the field of climate finance. It consists of the following five modules which address key areas dealing with climate finance. Depending on the context and the request of the respective partner country, GIZ s support may focus on individual modules or provide tangible support in all areas. For more information see: downloads/factsheet_ready_for_climate_finance_-_ GIZ_s_Approach_to_Making_Climate_Finance_Work.pdf 5 Promoting private sector engagement 4 Effective and transparent spending and implementation 1 Strategic planning and developing policies 2 Strengthening institutions and good financial governance 3 Accessing international climate finance 2 Success Factors For the Development of Sustainable Agricultural and Climate Risk Insurance Solutions, GIZ,

3 less obvious given that many large-scale adaptation-related investments (e.g. in infrastructure) are generally considered to fall under the remit of public services. We have seen, though, that companies do invest in adaptation measures as part of their risk management activities. Others are starting to consider new business opportunities related to climate change adaptation by offering new products and services, e.g. innovative insurance solutions, to households and other companies. With respect to public investment in infrastructure projects for adaptation, it is worth exploring whether these investments can generate cash flow or other value, e.g. through increases in land prices that can be used as a basis for private sector engagement. In our experience, the key financial barriers that prevent climate change mitigation and adaptation-related investments from being profitable include: the higher costs of low-carbon or climate-resilient technologies and services compared to traditional alternatives; the existence of (fossil) fuel and electricity subsidies in the case of energy-related activities; the lack of access to capital to cover the high up-front costs of low-carbon or climate-resilient investments; high (perceived) risks both in the business sector and in banks; the lack of appropriate financial products and services to meet the diverse requirements of investors and enterprises In many countries in which we work, the key non-financial barriers include: the lack of adequate and reliable regulations and standards for the implementation of low-carbon and climate-resilient solutions; the operational risks of new technologies; the private sector s lack of technical capacity and awareness of the opportunities and risks related to climate change impacts and low-carbon development; the lack of technical expertise in financial institutions to assess the risks associated with new technologies; and the lack of understanding between public and private sector actors about their respective needs. In addition, the general investment climate and business environment play an important role in enabling or hindering largescale private investment in climate change-related activities in some developing countries. Relevant factors include political and regulatory risks, opportunities for long-term (re)financing, and for foreign investments the ability to hedge exchange rate risks. These kinds of general issues cannot be addressed by international climate change support programmes alone; rather, they need to be part of broader national development strategies and related measures. In addition, in many developing countries, a considerable proportion of private sector activities are carried out by a large in- formal sector that operates without direct regulation by government. In addition, the individuals or small companies that form part of that informal sector often lack access to capital and other formal financial services and are difficult to reach with capacity-building measures. Thus, we have seen that a > Example: Kick-starting new products and business services for corporate climate change adaptation and energy efficiency measures in India Micro, small and medium-sized enterprises (MSMEs) are the driving force behind the Indian economy. However, there is little awareness among MSMEs about how climate change might negatively affect their business operations and how they can reduce fossil fuel energy consumption, thereby saving costs as well as mitigating GHG emissions. To support more sustainable business practices, GIZ India is promoting both adaptation and energy efficiency (EE) measures among MSMEs. GIZ has supported the Small Industries Development Bank of India (SIDBI) in implementing a new pilot initiative to promote a market for business services in the area of corporate climate change adaptation (CCA). The initiative succeeded in kick-starting the development of new CCA service offers by a range of business service providers. In terms of demand, 40 companies in the textile and garment sector have identified climate changerelated risks to their operations and identified new business opportunities based on the new e-learning tool (see The market for EE products and related services such as energy audits is already much more advanced than the CCA business services market. However, there is still a lack of high-quality services relating to the selection and implementation of technical measures, and for reasonable credit products to refinance corporate up-front investments. GIZ India is facilitating dialogue between corporate customers, technology and service providers, and banks to create transparency regarding specific needs and available business solutions. GIZ has also worked with the State Bank of India to develop a new credit product to refinance EE measures. In 2011, these experiences prompted GIZ to sponsor the establishment of the Responsible Investment Research Association (RIRA), an industry and advocacy body to encourage financial sector institutions to consider the climate impact of their investment and lending decisions. 3

4 formalisation of the sector is often a prerequisite for investment in low-carbon or climate-resilient technologies. At the same time, GIZ has a long track record of directly working with the informal sector in the areas of business promotion and financial inclusion. Lessons learned from GIZ s experience We have identified some key lessons learned while designing and implementing technical assistance to create enabling conditions for greater private sector investment in low-carbon and climateresilient development: Always consider the sector - It is crucial that technical assistance to improve enabling conditions for private climate investments is not separated from ongoing general developments in the sector, related national priorities and needs and other (non-climate-related) donor programmes. For instance, support for private sector investment in renewable energy needs to be planned in the context of the overall national energy development strategy and the existing regulatory framework, etc. Focus on credible business scenarios - It is key to focus technical assistance for promoting private investment in mitigation and adaptation to climate change on cases where there is a credible scenario for creating business opportunities. Decades of development assistance for creating regulatory frameworks, efficient institutions, functioning markets and access to sustainable financial services have shown the complexity of improving the business environment for private enterprises. Limited international climate funds for catalysing low-carbon and climate-resilient investments should thus preferably focus on products and services that can soon become cost-competitive on their own (or, in the case of the provision of some public services, where there is a credible national or international commitment to continuing public sector support). Long-term assistance pays off - In our work we have seen that technical assistance has proven to be most successful when provided in physical proximity to the partner and over a longer period of time. Improving enabling conditions for low-carbon and adaptation investments requires patience and persistence. GIZ s experience has shown that technical assistance often has the greatest impact when international support is provided continuously over an extended time frame (three to five - sometimes up to ten years). Additionally, it has been proven most effective where expert advisors are integrated into partner institutions, assisting their counterparts with sufficient flexibility and establishing the required trust with key actors. Get the right private actors on board early - We have seen that involving relevant private sector stakeholders in the climate change policy development process at an early stage facilitates the subsequent private sector investment into climate change mitigation and adaptation measures. In many cases, technical assistance can provide added value by taking on the role of an intermediary between the public and private sectors, helping those involved to understand each other s specific needs. In addition, effective market development requires the involvement of a range of market actors, including private sector actors from both demand and supply sides and the financial sector, as well as end customers. New business opportunities are best promoted when all relevant market actors are engaged in parallel. Promote alliances for change - There is often a lack of formal or informal cooperation between companies within a sector or > Example: Promotion of renewable energies and energy efficiency in Tunisia Tunisia s economy experienced moderate but sustained growth in the first decade of the 21st century. In combination with its heavy dependence on fossil fuels this led to an increase in GHG emissions. To tackle this development, GIZ worked with Tunisia s Ministry of Industry and National Agency for Energy Conservation (ANME) from 2003 to 2013 to promote renewable energy (RE) and energy efficiency (EE). Support initially focused on developing ANME s personnel and technical capacities, and improving agency services. In a second phase, GIZ assisted the government with revising national energy regulations to promote EE measures and to enable Tunisian households and private companies to produce electricity from renewable energy sources for their own consumption and feed any surplus into the national grid. The improved regulatory framework together with various new public assistance programmes substantially boosted domestic and corporate investment in solar thermal and photovoltaic systems and drove forward the implementation of EE measures. To support wind power in Tunisia, the project also implemented a wind measurement campaign to identify suitable sites for wind power plants. In its third phase, the project directly targeted the nascent Tunisian RE and EE market by providing technical information and advice to energy consumers and Tunisian companies to improve the demand for and quality of their products and services. As a result, the total number of Tunisian RE and EE businesses has increased from 53 in 2004 to 357 in 2013; more than 3,500 new jobs have been created. Over the course of the GIZ project, the Tunisian government realised fossil energy savings totaling over 4,400 kilotons of oil equivalents (see worldwide/19474.html). 4

5 across sectors, which hinders the development of business opportunities related to climate change mitigation or adaptation measures. Technical assistance can play an important role in facilitating knowledge exchange on low-carbon and climate-resilient technologies and business opportunities within and across business sectors and foster cooperation between early movers to advocate common interests. Ultimately, private sector players can then become a key driver for political change on low-carbon, climate-resilient development, e.g. by lobbying governments to support clean technologies. Example: Facilitating private sector investment in low-carbon, climate-resilient infrastructure in Asian cities Work directly with the private sector - GIZ s experiences have also shown that technical assistance can mobilise private investments most effectively when international support also directly addresses companies alongside public stakeholders. International support should seek to raise awareness among private businesses about how proposed policy changes and/or new technologies can provide new business opportunities, save costs, and increase profits and competitiveness. In this context, it has proven successful to work with business associations and trade organisations to increase the scale of the impact. International support can also provide technical capacity building directly to companies. When working with small and medium sized entreprises in this respect, focusing on opportunities with short payback periods is key. p The Cities Development Initiative for Asia (CDIA) is jointly implemented by the Asian Development Bank (ADB), GIZ and KfW, and is supported by ADB and the governments of Germany, Sweden, France and China. It aims to enhance the institutional capacity of medium-sized cities to prepare and finance sustainable urban infrastructure investment projects with development impacts related to environmental improvement, climate change mitigation/ adaptation, pro-poor development and good governance. During the first five years of the programme, 44 prefeasibility studies were completed in 28 Asian cities and 21 projects have been financed. With Asia s rapid urbanisation, there is a growing demand for private sector participation in infrastructure financing. CDIA is therefore helping more cities to approach the private sector for urban infrastructure financing, both through developing Public-Private Partnerships so that the cities can access private equity investments and by facilitating commercial private funding through local financial institutions. In this context, CDIA also works with cities to understand how the private sector can realistically support projects, and create adequate local legal frameworks for private sector involvement in infrastructure investments. Examples of infrastructure projects where CDIA input has helped secure private sector finance and which have mitigation co-benefits include public transport projects in Guiyang, China and Palembang, Indonesia. In collaboration with municipal governments, CDIA is also exploring options for private sector financing for adaptation measures, such as seawalls and improved flood management, by taking advantage of increases in land values and property development opportunities. Acknowledgement This paper was written and edited by Laura Würtenberger and Frederic Wils of the GIZ Climate Change Competence Centre in close collaboration with the Economic Development and Employment division at GIZ Head Office, based on a review of project documents and interviews with project managers and implementers. We would like to acknowledge the valuable insights and comments of Roland Gross, Fabian Barsky and Götz von Stumpfeldt at the Economic Development and Employment division and of various colleagues involved in GIZ projects in Mexico, the Philippines, Indonesia, Tunisia, India, South Africa and other developing countries. 5

6 Environment and Climate Change GIZ DISCUSSION PAPER Catalysing private climate investments GIZ s services GIZ offers expertise and advisory services to develop the capacities of individuals, organisations and societal systems. GIZ offers long-term capacity development services that are tailored to meet its partners individual needs in building strong institutional foundations. With a mandate to support sustainable development worldwide, GIZ currently operates in more than 130 countries. To assist developing countries in mobilising private sector investments in low-carbon and climate-resilient measures, GIZ works with government agencies, financial institutions and private sector representatives in four broad areas depending on the specific needs and interests of the partners. Supporting governments GIZ assists governments in improving the overall investment climate for private business, as well as in creating specific incentives for private sector investment in climate change mitigation and adaptation. This includes developing and implementing environmental regulations and market-based instruments like carbon markets or taxes and green financial sector policies, and assisting central banks and supervisory/regulatory authorities in designing, implementing and monitoring (green) financial sector regulations like, for instance, modified green credit policies or reporting standards. In addition, GIZ supports sector ministries and agencies at the national and subnational level to develop and implement concrete incentive schemes such as feed-in tariffs and to develop low-carbon and climate-resilient infrastructure projects. Supporting public-private dialogue GIZ also facilitates public-private dialogue on climate change-related issues, such as: sustainable business models; the role of institutional investors, project developers and policy makers; and, private sector priorities and needs in the context of developing climate change-related policies and plans. In this context, we often take on the role of an intermediary between government and the private sector. Supporting financial institutions GIZ supports capacity development in financial institutions and the development of specific financial products to promote low-carbon and climate-resilient development for low-income households or SMEs which are investing into renewable energy or energy efficiency technologies. Also, GIZ s works with financial institutions to develop particular instruments to mitigate risks such as partial guarantees, upfront grants, climate risk insurance products etc. Supporting business associations and private sector enterprises Working with business associations and private sector enterprises including SMEs, GIZ also provides technical and managerial capacity development and supports the development of low-carbon and adaptation-relevant products and services through the development of sustainable value chains, market analyses, technical and economic (pre-) feasibility studies and environmental and social impact assessments. Through business support programmes, such as the German developpp.de programme, GIZ assists individual, international companies to enter developing-country markets and provide local employment opportunities. Imprint Published by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Registered offices Bonn and Eschborn, Germany Dag-Hammarskjöld-Weg 1-5, 5760 Eschborn, Germany Phone: Fax: Internet: climate@giz.de Authors: Laura Würtenberger and Frederic Wils As at: February 2014

CLIMATE-FRIENDLY ECONOMY: REDUCING EMISSIONS AND LIMITING CLIMATE CHANGE

CLIMATE-FRIENDLY ECONOMY: REDUCING EMISSIONS AND LIMITING CLIMATE CHANGE CLIMATE-FRIENDLY ECONOMY: REDUCING EMISSIONS AND LIMITING CLIMATE CHANGE The International Climate Initiative (IKI) of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU)

More information

Financing Strategies: A missing link to translate NDCs into action

Financing Strategies: A missing link to translate NDCs into action Financing Strategies: A missing link to translate NDCs into action A discussion of building blocks, in-country experiences and lessons learned 2 Financing Strategies: A missing link to translate NDCs into

More information

Ready for Climate Finance GIZ s approach for making climate finance work

Ready for Climate Finance GIZ s approach for making climate finance work Ready for Climate Finance GIZ s approach for making climate finance work Building on climate expertise and good financial governance Adapting to climate change and reducing greenhouse gas emissions at

More information

Long-term Finance: Enabling environments and policy frameworks related to climate finance

Long-term Finance: Enabling environments and policy frameworks related to climate finance Long-term Finance: Enabling environments and policy frameworks related to climate finance 10 th June, 2013, Bonn, Germany Amal-Lee Amin E3G Third Generation Environmentalism Recap of 2012 LTF Work Programme

More information

NATIONAL CLIMATE FINANCE INSTITUTIONS. Their challenges and how the Fit for the Funds Programme can respond to them

NATIONAL CLIMATE FINANCE INSTITUTIONS. Their challenges and how the Fit for the Funds Programme can respond to them NATIONAL CLIMATE FINANCE INSTITUTIONS Their challenges and how the Fit for the Funds Programme can respond to them 1 Introduction The International Energy Agency (IEA) estimates that in order to avoid

More information

Creating Green Bond Markets Insights, Innovations,

Creating Green Bond Markets Insights, Innovations, Sustainable Banking Network (SBN) Creating Green Bond Markets Insights, Innovations, and Tools from Emerging Markets October 2018 Executive Summary Sustainable Banking Network Executive Summary The emergence

More information

International Agricultural and Natural Catastrophe Insurance Forum. Experience by GIZ Matthias Range

International Agricultural and Natural Catastrophe Insurance Forum. Experience by GIZ Matthias Range International Agricultural and Natural Catastrophe Insurance Forum Experience by GIZ Rüschlikon, Switzerland, October 2016 Seite 1 Agenda GIZ GIZ and Financial Systems Development GIZ and Agricultural

More information

General Information Document

General Information Document General Information Document This document provides general information on the NAMA Facility, its objective and functioning as well as specific information on the selection process of NAMA Support Projects

More information

NAMA Facility Webinar: Financial Mechanisms and the NAMA Support Project 21 November 2018

NAMA Facility Webinar: Financial Mechanisms and the NAMA Support Project 21 November 2018 NAMA Facility Webinar: Financial Mechanisms and the NAMA Support Project 21 November 2018 Photo credits, clockwise from top left: ICAFE Costa Rica, Karl-Heinz Fleischhacker, CCAP, Georg Kraft The NAMA

More information

THE CLIMATE RISK INSURANCE INITIATIVE

THE CLIMATE RISK INSURANCE INITIATIVE THE CLIMATE RISK INSURANCE INITIATIVE InsuResilience at a glance The InsuResilience Climate Risk Insurance Initiative was adopted by the G7 partner countries Germany, France, Italy, Japan, Canada, the

More information

NAMA financing. How to Structure Climate Financing Vehicles. Dr. Sebastian Wienges, Adviser, GIZ. Page 1

NAMA financing. How to Structure Climate Financing Vehicles. Dr. Sebastian Wienges, Adviser, GIZ. Page 1 NAMA financing How to Structure Climate Financing Vehicles Dr. Sebastian Wienges, Adviser, GIZ Page 1 I. STATE OF THE ART Expectations and reality of NAMAs 100 bn USD p.a. from 2020 pledged in Cancun,

More information

Investing in Clean Energy

Investing in Clean Energy flickr.com/adrian jones Investing in Clean Energy How to maximize clean energy deployment from international climate investments Global Climate Network discussion paper no. 4 November 2010 Global Climate

More information

Political economy - the biggest stumbling block for national climate finance?

Political economy - the biggest stumbling block for national climate finance? Discussion Paper Political economy - the biggest stumbling block for national climate finance? A snapshot of the impacts of political economy on access to and the use of finance for climate change projects

More information

Page 1 of 3 About us Advertise Contact Search Submit Account Details Log Out HOME NEWS FEATURES ARCHIVE JOBS WHITE PAPERS MY ACCOUNT BOOKS EVENTS SUBSCRIBE Could debt swaps fund green growth? 25 October

More information

Renewable Energy Guidance

Renewable Energy Guidance NewClimate Institute, Verra Renewable Energy Guidance Guidance for assessing the greenhouse gas impacts of renewable energy policies May 2018 How to describe the policy or action being assessed 5. DESCRIBING

More information

Lessons learned from the Insurance for Climate Change Adaptation Project in Peru

Lessons learned from the Insurance for Climate Change Adaptation Project in Peru s from the Insurance for Climate Change Adaptation Project in Peru July 2012 s Learned from the Insurance for Climate Change Adaptation in Peru July 2012 Deutsche Gesellschaft für Internationale Zusammenarbeit

More information

Organisation strategy for Sweden s cooperation with the Green Climate Fund for

Organisation strategy for Sweden s cooperation with the Green Climate Fund for Organisation strategy for Sweden s cooperation with the Green Climate Fund for 2016 2018 Appendix to Government Decision 22 June 2016 (UD2016/11355/GA) Organisation strategy for Sweden s cooperation with

More information

SECO Approach to Partnering with the Private Sector PAPER

SECO Approach to Partnering with the Private Sector PAPER SECO Approach to Partnering with the Private Sector PAPER Introduction The 2030 Agenda for Sustainable Development and the Paris Climate Agreement highlight the need to mobilise different sources of finance

More information

G20 STUDY GROUP ON CLIMATE FINANCE PROGRESS REPORT. (November )

G20 STUDY GROUP ON CLIMATE FINANCE PROGRESS REPORT. (November ) G20 STUDY GROUP ON CLIMATE FINANCE PROGRESS REPORT (November 2 2012) SECTION 1 OVERVIEW OF STUDY GROUP INTRODUCTION This study group has been tasked by G20 leaders in Los Cabos to consider ways to effectively

More information

SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES

SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES Bonn, 25 May 2012 Subject: EU Fast Start Finance Report Key Messages In accordance with developed

More information

Report for the Practitioners Dialogue on Climate Investments (PDCI) Green Banking Regulation Setting out a Framework

Report for the Practitioners Dialogue on Climate Investments (PDCI) Green Banking Regulation Setting out a Framework Report for the Practitioners Dialogue on Climate Investments (PDCI) 1 Green Banking Regulation Setting out a Framework Report for the Practitioners Dialogue on Climate Investments (PDCI) Report for the

More information

IDFC Position Paper Aligning with the Paris Agreement December 2018

IDFC Position Paper Aligning with the Paris Agreement December 2018 IDFC Position Paper Aligning with the Paris Agreement December 2018 The Paris Agreement bears significance to development finance institutions. Several articles of the Agreement recall it is to be implemented

More information

THE STATE OF CITY CLIMATE FINANCE 2015

THE STATE OF CITY CLIMATE FINANCE 2015 THE STATE OF CITY CLIMATE FINANCE 2015 Executive Summary THE STATE OF CITY CLIMATE FINANCE 2015 Executive Summary The infrastructure planning and financing decisions made today will determine the world

More information

Austrian Climate Change Workshop Summary Report The Way forward on Climate and Sustainable Finance

Austrian Climate Change Workshop Summary Report The Way forward on Climate and Sustainable Finance Austrian Climate Change Workshop 2018 - Summary Report The Way forward on Climate and Sustainable Finance In close cooperation with the Austrian Federal Ministry of Sustainability and Tourism, Kommunalkredit

More information

Terms of Reference Consultancy for the Assessment of Green Investment Opportunities in Kenya October 2017

Terms of Reference Consultancy for the Assessment of Green Investment Opportunities in Kenya October 2017 In partnership with Terms of Reference Consultancy for the Assessment of Green Investment Opportunities in Kenya October 2017 1. Background The Kenya Bankers Association (KBA) is the financial sector's

More information

DESIGNING INVESTMENT GRADE POLICIES: LESSONS FROM EXPERIENCE WITH LOW-CARBON, CLIMATE-RESILIENT INVESTMENT

DESIGNING INVESTMENT GRADE POLICIES: LESSONS FROM EXPERIENCE WITH LOW-CARBON, CLIMATE-RESILIENT INVESTMENT DESIGNING INVESTMENT GRADE POLICIES: LESSONS FROM EXPERIENCE WITH LOW-CARBON, CLIMATE-RESILIENT INVESTMENT Robert Youngman Team Leader, Green Finance and Investment ENV/CBW OECD-WWC-Netherlands Roundtable

More information

Additional Modalities that Further Enhance Direct Access: Terms of Reference for a Pilot Phase

Additional Modalities that Further Enhance Direct Access: Terms of Reference for a Pilot Phase Additional Modalities that Further Enhance Direct Access: Terms of Reference for a Pilot Phase GCF/B.10/05 21 June 2015 Meeting of the Board 6-9 July 2015 Songdo, Republic of Korea Provisional Agenda item

More information

Environmental Fiscal Reform A Practice-Orientated Training for Policy Makers, Administration Officials, Consultants and NGO Representatives

Environmental Fiscal Reform A Practice-Orientated Training for Policy Makers, Administration Officials, Consultants and NGO Representatives Environmental Fiscal Reform A Practice-Orientated Training for Policy Makers, Administration Officials, Consultants and NGO Representatives Page 1 GCF accreditation, Green Funds and EFR in Africa Case

More information

Climate Risk Management For A Resilient Asia-pacific Dr Cinzia Losenno Senior Climate Change Specialist Asian Development Bank

Climate Risk Management For A Resilient Asia-pacific Dr Cinzia Losenno Senior Climate Change Specialist Asian Development Bank Climate Risk Management For A Resilient Asia-pacific Dr Cinzia Losenno Senior Climate Change Specialist Asian Development Bank APAN Training Workshop Climate Risk Management in Planning and Investment

More information

The Clean Technology Fund. U.S. Treasury Department. June 2008

The Clean Technology Fund. U.S. Treasury Department. June 2008 The Clean Technology Fund U.S. Treasury Department June 2008 Clean Technology Fund Overview Why What Who How much How When 1 Why? By 2030, 80% of GHG emission growth is expected to come from non-oecd countries,

More information

Strategies and approaches for long-term climate finance

Strategies and approaches for long-term climate finance Strategies and approaches for long-term climate finance Canada is pleased to respond to the invitation contained in decision 3/CP.19, paragraph 10, to prepare biennial submissions on strategies and approaches

More information

Second Workshop on Long-term Finance, Session II: Enhancing enabling conditions: Policies and instruments

Second Workshop on Long-term Finance, Session II: Enhancing enabling conditions: Policies and instruments Second Workshop on Long-term Finance, Session II: Enhancing enabling conditions: Policies and instruments 2 nd October 2012 Amal-Lee Amin E3G Third Generation Environmentalism Contents Barriers to mobilising,

More information

Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance

Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance Norwegian Submission on Strategies and Approaches for Scaling up Climate Finance 29 November 2018 1. Introduction Decision 3. CP/19 requested developed country Parties to update their strategies and approaches

More information

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development. Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. Where We Work As the largest global development institution focused on the private

More information

Financing Climate Change Resilient Urban Infrastructure

Financing Climate Change Resilient Urban Infrastructure From Planning to Investment Defining Bankable projects Financing Climate Change Resilient Urban Infrastructure Paul Schuttenbelt South Asia Coordinator, Cities Development Initiative for Asia (CDIA), January

More information

SIDBI s Initiatives in. Sustainable Finance WE EMPOWER MSME

SIDBI s Initiatives in. Sustainable Finance WE EMPOWER MSME SIDBI s Initiatives in Sustainable Finance 1 An overview of Indian MSME MSME Sector Contribution to Indian Economy 8% of GDP of the country 45% of manufactured output 40% share in exports More than 8000

More information

REDD+ Results-based Finance A Private Sector Perspective. Bonn, UNFCCC, August 2013 Iain Henderson, UNEP FI

REDD+ Results-based Finance A Private Sector Perspective. Bonn, UNFCCC, August 2013 Iain Henderson, UNEP FI REDD+ Results-based Finance A Private Sector Perspective Bonn, UNFCCC, August 2013 Iain Henderson, UNEP FI UNEP Finance Initiative (UNEP FI) UNEP FI is a 20 year old strategic partnership between UNEP

More information

FROM BILLIONS TO TRILLIONS:

FROM BILLIONS TO TRILLIONS: 98023 FROM BILLIONS TO TRILLIONS: MDB Contributions to Financing for Development In 2015, the international community is due to agree on a new set of comprehensive and universal sustainable development

More information

Summary and recommendations by the Standing Committee on Finance on the 2018 Biennial Assessment and Overview of Climate Finance Flows

Summary and recommendations by the Standing Committee on Finance on the 2018 Biennial Assessment and Overview of Climate Finance Flows 2018 Biennial Assessment and Overview of Climate Finance Flows Summary and recommendations by the Standing Committee on Finance on the 2018 Biennial Assessment and Overview of Climate Finance Flows I.

More information

TRAINING CATALOGUE ON IMPACT INSURANCE Building practitioner skills in providing valuable and viable insurance products

TRAINING CATALOGUE ON IMPACT INSURANCE Building practitioner skills in providing valuable and viable insurance products TRAINING CATALOGUE ON IMPACT INSURANCE Building practitioner skills in providing valuable and viable insurance products 2017 Contents of the training catalogue The ILO s Impact Insurance Facility... 3

More information

Weathering Climate Change through Climate Risk Transfer Solutions

Weathering Climate Change through Climate Risk Transfer Solutions The G20's role on climate risk insurance & pooling: Weathering Climate Change through Climate Risk Transfer Solutions With this document, the Munich Climate Insurance Initiative (MCII) provides suggestions

More information

CLIMATE INVESTMENT READINESS INDEX (CIRI) - A Tool to Assess Investment Climate for Climate Investments

CLIMATE INVESTMENT READINESS INDEX (CIRI) - A Tool to Assess Investment Climate for Climate Investments CLIMATE INVESTMENT READINESS INDEX (CIRI) - A Tool to Assess Investment Climate for Climate Investments Background Mitigating climate-change while addressing development needs will involve massive scale-up

More information

Sustainable Finance Research Executive Summary. Commissioned by HSBC 2016

Sustainable Finance Research Executive Summary. Commissioned by HSBC 2016 Sustainable Finance Research Executive Summary Commissioned by HSBC 16 East & Partners is a leading specialist business banking market research and analysis firm. The firm s core expertise is in the provision

More information

Leveraging Private Investment for Climate-Related Activities. CCXG Global Forum, OECD

Leveraging Private Investment for Climate-Related Activities. CCXG Global Forum, OECD Leveraging Private Investment for Climate-Related Activities CCXG Global Forum, OECD Alan Miller 26 September 2012 ACCELERATING CLIMATE FRIENDLY INVESTMENTS IS A COMPLEX PROBLEM.. 2 .FINANCE IS ONLY ONE

More information

Insurance for Climate Change. Adaptation Project

Insurance for Climate Change. Adaptation Project Insurance for Climate Change Adaptation Project Background Natural hazards like droughts, floods, frosts, and large swings in temperature are now becoming more intense and frequent and are causing serious

More information

with GIZ for the Republic of Peru 29 January 2018 NDA Strengthening & Country Programming

with GIZ for the Republic of Peru 29 January 2018 NDA Strengthening & Country Programming with GIZ for the Republic of Peru 29 January 2018 NDA Strengthening & Country Programming PAGE 1 OF 19 Ver. 30 November Readiness and Preparatory Support Proposal How to complete this document? - A readiness

More information

Basics on climate finance for green growth

Basics on climate finance for green growth Basics on climate finance for green growth Accessing LEDS Finance for Green Growth Hanoi, 12-13 March, 2014 Ari Huhtala, Deputy CEO CDKN ari.huhtala@cdkn.org / www.cdkn.org Small part of the global investment

More information

Relationship with UNFCCC and External Bodies

Relationship with UNFCCC and External Bodies Relationship with UNFCCC and External Bodies 19 June 2013 Meeting of the Board 26-28 June 2013 Songdo, Republic of Korea Agenda item 9 Page b Recommended action by the Board It is recommended that the

More information

The shared response to climate change: turning momentum into action

The shared response to climate change: turning momentum into action 1 The shared response to climate change: turning momentum into action Speech given by Sarah Breeden, Executive Director, International Banks Supervision, Bank of England Based on remarks made on 19 March

More information

Infrastructure Investment in Asia

Infrastructure Investment in Asia Economy Insight: A Synopsis of ADB Paper Infrastructure Investment in Asia Infrastructure Investment in Asia FICCI Research May 27, 2016 Good infrastructure plays a crucial role towards the growth of an

More information

Green Finance for Green Growth

Green Finance for Green Growth 2010/FMM/006 Agenda Item: Plenary 2 Green Finance for Green Growth Purpose: Information Submitted by: Korea 17 th Finance Ministers Meeting Kyoto, Japan 5-6 November 2010 EXECUTIVE SUMMARY Required Action/Decision

More information

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development. Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. 76 IFC ANNUAL REPORT 2016 Where We Work As the largest global development institution

More information

MOBILISING THE FINANCIAL SECTOR ON ENERGY EFFICIENCY

MOBILISING THE FINANCIAL SECTOR ON ENERGY EFFICIENCY MOBILISING THE FINANCIAL SECTOR ON ENERGY EFFICIENCY Financing Energy Efficiency in Malta and Italy Martin Schoenberg Energy Efficiency Project Coordinator St Julian s, Malta, 22 November 2018 1 State

More information

IFC: PROMOTING INCLUSIVE GREEN GROWTH IN THE MIDDLE EAST & NORTH AFRICA (MENA)

IFC: PROMOTING INCLUSIVE GREEN GROWTH IN THE MIDDLE EAST & NORTH AFRICA (MENA) IFC: PROMOTING INCLUSIVE GREEN GROWTH IN THE MIDDLE EAST & NORTH AFRICA (MENA) Thomas Jacobs, MENA Climate Anchor & Resident Representative, Lebanon & Syria IFC: Largest development bank focused solely

More information

PARTNERSHIP FOR MARKET READINESS (PMR) PRESENTATION OF THE PMR FY17 EXPENSES AND PROPOSAL FOR THE PMR FY18 BUDGET

PARTNERSHIP FOR MARKET READINESS (PMR) PRESENTATION OF THE PMR FY17 EXPENSES AND PROPOSAL FOR THE PMR FY18 BUDGET PARTNERSHIP FOR MARKET READINESS (PMR) PRESENTATION OF THE PMR FY17 EXPENSES AND PROPOSAL FOR THE PMR FY18 BUDGET March 6, 2017 BACKGROUND 1. Per the PMR Governance Framework, the PMR Secretariat is responsible

More information

Designing public sector interventions to mobilize climate compatible investment UNFCCC Regional Workshop Mexico

Designing public sector interventions to mobilize climate compatible investment UNFCCC Regional Workshop Mexico Designing public sector interventions to mobilize climate compatible investment UNFCCC Regional Workshop Mexico Shelagh Whitley Research Fellow 11 December 2013 ODI research on climate finance Private

More information

Establishment of a Self- Sustaining Environmental Investment Service in the East Asian Seas Region

Establishment of a Self- Sustaining Environmental Investment Service in the East Asian Seas Region Project Proposal: Establishment of a Self- Sustaining Environmental Investment Service in the East Asian Seas Region by the GEF/UNDP/IMO Regional Programme on Partnerships in Environmental management for

More information

Prioritization of Climate Change Adaptation Options. The Role of Cost-Benefit Analysis

Prioritization of Climate Change Adaptation Options. The Role of Cost-Benefit Analysis Prioritization of Climate Change Adaptation Options The Role of Cost-Benefit Analysis Session 1: Introduction to the Nature of Cost- Benefit Analysis Accra (or nearby), Ghana October 25 to 28, 2016 Outline

More information

Major Economies Business Forum: Green Climate Fund and the Role of Business

Major Economies Business Forum: Green Climate Fund and the Role of Business Major Economies Business Forum: Green Climate Fund and the Role of Business KEY MESSAGES In the Cancún Agreement, developed nations pledged to mobilize $100 billion 1 per year by 2020 to fund efforts in

More information

Private Climate Finance Support - Effectiveness

Private Climate Finance Support - Effectiveness Private Climate Finance Support - Effectiveness Presentation to the CCXG Working Group OECD Shelagh Whitley Research Fellow 26 September 2012 Funding will come from a wide variety of sources, public and

More information

Emerging Trends in Green Finance in China

Emerging Trends in Green Finance in China Emerging Trends in Green Finance in China Executive Summary On 3 rd November 2016, China Carbon Forum together with Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), held an event on

More information

Mobilizing climate investment: project preparation and financing

Mobilizing climate investment: project preparation and financing Mobilizing climate investment: project preparation and financing UNEP Risø Center Low-Carbon Development Group Lilongwe, 26 September 2013 The Big Picture Climate change is a "real" phenomenon, which cannot

More information

Green Climate Fund Private Sector Facility. Jiwoo Choi May 2017,

Green Climate Fund Private Sector Facility. Jiwoo Choi May 2017, Green Climate Fund Private Sector Facility Jiwoo Choi May 2017, Who are we? The Green Climate Fund o A new global fund created to combat climate change by investing in low-emission and climate-resilient

More information

The WB Clean Technology Fund MENA Renewable Energy Program

The WB Clean Technology Fund MENA Renewable Energy Program The WB Clean Technology Fund MENA Renewable Energy Program Mohab Hallouda Sr. Energy Specialist MENA Energy and Transport Unit World Bank RCREEE/MED EMIP Joint Event Regional Challenges to Green the Power

More information

SUSTAINABLE FINANCE ROADMAPS

SUSTAINABLE FINANCE ROADMAPS SUSTAINABLE FINANCE ROADMAPS ALIGNING FINANCE WITH A RESILIENT AND SUSTAINABLE ECONOMY A briefing paper for the 2018 United Nations Environment Programme Finance Initiative (UNEP FI) Conference in Sydney

More information

The Kuala Lumpur Statement on Financing Sources for Public-Private Partnerships in South-East Asia

The Kuala Lumpur Statement on Financing Sources for Public-Private Partnerships in South-East Asia Sub-Regional Expert Group Meeting (EGM) for South-East Asian Countries Financing Sources for Public-Private Partnerships (PPPs) The Kuala Lumpur Statement on Financing Sources for Public-Private Partnerships

More information

Key Messages. Climate negotiations can transform global and national financial landscapes. Climate, finance and development are closely linked

Key Messages. Climate negotiations can transform global and national financial landscapes. Climate, finance and development are closely linked How Will the World Finance Climate Change Action Key Messages Climate negotiations can transform global and national financial landscapes Copenhagen is as much about finance and development as about climate.

More information

Review of the Federal Financial Sector Framework

Review of the Federal Financial Sector Framework November 15, 2016 Financial Institutions Division Financial Sector Policy Branch Department of Finance Canada James Michael Flaherty Building 90 Elgin Street Ottawa, ON K1A 0G5 Re: Review of the Federal

More information

Current status of the implementation of the results of TNAs including success stories.

Current status of the implementation of the results of TNAs including success stories. Technology Executive Committee 12 March 2013 Fifth meeting TEC/2013/5/7 Current status of the implementation of the results of TNAs including success stories. Summary: This background paper informs on

More information

NDC IMPLEMENTATION SUPPORT. Dr. Ana Bucher Sr. Climate Change Specialist Climate Analytics and Advisory Services

NDC IMPLEMENTATION SUPPORT. Dr. Ana Bucher Sr. Climate Change Specialist Climate Analytics and Advisory Services NDC IMPLEMENTATION SUPPORT Dr. Ana Bucher Sr. Climate Change Specialist Climate Analytics and Advisory Services abucher@worldbank.org WBG Climate Change Action Plan explicitly points to NDC implementation

More information

Summary of the workshop

Summary of the workshop Summary of the workshop Climate Public Expenditure and Institutional Reviews: (CPEIR) Workshop on Past Experience and the Way Forward 10 th -12 th September 2012, Bangkok 0 Climate Public Expenditure and

More information

Engaging with the Green Climate Fund Ousseynou Nakoulima Director, Country Programming

Engaging with the Green Climate Fund Ousseynou Nakoulima Director, Country Programming Engaging with the Green Climate Fund Ousseynou Nakoulima Director, Country Programming CCAP Climate Finance Forum 20-21 May 2016 Bonn, Germany About GCF World s largest climate fund Agreed by 194 Parties

More information

Partnering with IFC. Anita Bhatia and Urkaly Isaev October 2014 THE POWER OF PARTNERSHIPS

Partnering with IFC. Anita Bhatia and Urkaly Isaev October 2014 THE POWER OF PARTNERSHIPS Partnering with IFC Anita Bhatia and Urkaly Isaev October 2014 THE POWER OF PARTNERSHIPS 1 World Bank Group 2 Twin Goals of the World Bank Group 3 4 The private sector in development 5 IFC s Three Businesses

More information

Financing NAMAs Experiences and Expertise of KC FSE

Financing NAMAs Experiences and Expertise of KC FSE Financing NAMAs Experiences and Expertise of KC FSE Christian Königsperger, Christoph Schroer and Simone Dettling GIZ Financial Sector Development Bonn, 26.08.2014 Seite 1 Purpose of the NAMA Financial

More information

Climate Bonds Standard Version 3.0

Climate Bonds Standard Version 3.0 Climate Bonds Standard Version 3.0 Climate Bonds Initiative 1 Table of Contents The structure of the Climate Bonds Standard had been adjusted to better reflect its consistency and alignment with the Green

More information

Climate Finance. São Paulo 28 th June 2016 Senior Adviser Harald Francke Lund

Climate Finance. São Paulo 28 th June 2016 Senior Adviser Harald Francke Lund Climate Finance São Paulo 28 th June 2016 Senior Adviser Harald Francke Lund 6000 billion USD needed a year Climate finance flows in last five years have been significant despite economic crisis 2011

More information

Case Study Report: China Clean Development Mechanism

Case Study Report: China Clean Development Mechanism Case Study Report: China Clean Development Mechanism Fund A case study providing inputs to discussions in Asia-Pacific region on the design and management of National Climate Funds, jointly prepared by

More information

Programmatic approach to funding proposals

Programmatic approach to funding proposals Meeting of the Board 28 30 June 2016 Songdo, Incheon, Republic of Korea Provisional agenda Item 12(g) GCF/B.13/18 20 June 2016 Programmatic approach to funding proposals Summary This document builds on

More information

THINGS TO KNOW ABOUT CLIMATE FINANCE IN 2015

THINGS TO KNOW ABOUT CLIMATE FINANCE IN 2015 0 THINGS TO KNOW ABOUT CLIMATE FINANCE IN 0 Smita Nakhooda Charlene Watson Sam Barnard Liane Schalatek December 0 odi.org CLIMATE FINANCE COMMITMENTS ARE INCREASING In 0 many countries, particularly in

More information

GOVERNANCE FRAMEWORK FOR

GOVERNANCE FRAMEWORK FOR December, 2011 GOVERNANCE FRAMEWORK FOR THE STRATEGIC CLIMATE FUND Adopted November 2008 and amended December 2011 Table of Contents A. Introduction B. Purpose and Objectives C. SCF Programs D. Governance

More information

InsuResilience Solutions Fund (ISF) Transforming concepts into products

InsuResilience Solutions Fund (ISF) Transforming concepts into products InsuResilience Solutions Fund (ISF) Transforming concepts into products The need for climate risk insurance solutions Increasing risks of natural disasters Increasing intensity and frequency of extreme

More information

CONSULTING. FUNDING. PROTECTING. Sustainable Finance showcases outside EU Wolfgang Diernhofer

CONSULTING. FUNDING. PROTECTING.   Sustainable Finance showcases outside EU Wolfgang Diernhofer Sustainable Finance showcases outside EU Wolfgang Diernhofer 31.01.2019 Contents 1 Sustainable finance at global scale 2 Beyond European borders 3 Sustainable finance showcases 4 Concluding remarks 2 Sustainable

More information

Ministry of Foreign Affairs - Department of Green Growth. External Grant Committee Meeting 7 October 2014 Agenda Item no.: 6 TABLE OF CONTENTS

Ministry of Foreign Affairs - Department of Green Growth. External Grant Committee Meeting 7 October 2014 Agenda Item no.: 6 TABLE OF CONTENTS Ministry of Foreign Affairs - Department of Green Growth File no.: 2014-18815 External Grant Committee Meeting 7 October 2014 Agenda Item no.: 6 1. Title: Support to the Nationally Appropriate Mitigation

More information

Private Sector Facility: Working with Local Private Entities, Including Small and Medium-Sized Enterprises

Private Sector Facility: Working with Local Private Entities, Including Small and Medium-Sized Enterprises Private Sector Facility: Working with Local Private Entities, Including Small and Medium-Sized Enterprises GCF/B.09/12 5 March 2015 Meeting of the Board 24-26 March 2015 Songdo, Republic of Korea Agenda

More information

Contents. Introduction...1. Methodology...2. Definition of Sustainable Finance...2. Preamble...3. WFE Sustainability Principles...

Contents. Introduction...1. Methodology...2. Definition of Sustainable Finance...2. Preamble...3. WFE Sustainability Principles... Contents Introduction...1 Methodology...2 Definition of Sustainable Finance...2 Preamble...3 WFE Sustainability Principles...3 Annex A: Summary of Sustainable Finance Initiatives...6 Annex B: Acknowledgements...10

More information

AAU sales and Green Investment Schemes: Towards implementation in Ukraine

AAU sales and Green Investment Schemes: Towards implementation in Ukraine AAU sales and Green Investment Schemes: Towards implementation in Ukraine Grzegorz Peszko Senior Environmental Economist, Europe and Central Asia 24 April, Kyiv Overview 1. Strategic allocation and management

More information

Catalyzing Green Finance

Catalyzing Green Finance Catalyzing Green Finance Blending & Leveraging Sovereign Finance For Financially & Environmentally Sustainable Infrastructure Projects October 2017 GFCF: A Knowledge Product GFCF: Pilot Project in PRC

More information

Proportionate Approaches to the Supervision of Intermediaries

Proportionate Approaches to the Supervision of Intermediaries Report of the 15th A2ii IAIS Consultation Call Proportionate Approaches to the Supervision of Intermediaries 31 March 2016 1 The A2ii consultation calls are organised in partnership with the IAIS to provide

More information

ATI Work Plan 2017 / 2018 facilitated by funded by

ATI Work Plan 2017 / 2018 facilitated by funded by ATI Work Plan 2017 / 2018 facilitated by funded by Imprint The International Tax Compact (ITC) is an informal platform that aims to enhance domestic revenue mobilisation in partner countries, and to promote

More information

The Natural Capital Declaration and Roadmap

The Natural Capital Declaration and Roadmap The Natural Capital Declaration and Roadmap Financial sector leadership on natural capital Liesel van Ast, NCD Programme Manager Landscape Natural Capital Initiatives Initiative Focus Banking Investment

More information

The Global Landscape of Climate Finance: What Role for Multilaterals, Bilaterals and National Development Banks?

The Global Landscape of Climate Finance: What Role for Multilaterals, Bilaterals and National Development Banks? The Global Landscape of Climate Finance: What Role for Multilaterals, Bilaterals and National Development Banks? Asian Development Bank Sixth Annual Donor Consultation Meeting 18 March2013 Manila Jane

More information

A successful partnership between AfDB and GEF for CC mitigation activities in Africa

A successful partnership between AfDB and GEF for CC mitigation activities in Africa AfDB Public-Private Partnership Program A successful partnership between AfDB and GEF for CC mitigation activities in Africa Side Event at the 11th Technology Executive Committee in Bonn, Germany Mahamat

More information

Follow-up by the European Commission to the EU-ACP JPA on the resolution on private sector development strategy, including innovation, for sustainable

Follow-up by the European Commission to the EU-ACP JPA on the resolution on private sector development strategy, including innovation, for sustainable Follow-up by the European Commission to the EU-ACP JPA on the resolution on private sector development strategy, including innovation, for sustainable Development. The European External Action Service

More information

Disaster risk management for climate change adaptation: Experiences from German development cooperation

Disaster risk management for climate change adaptation: Experiences from German development cooperation Disaster risk management for climate change adaptation: Experiences from German development cooperation Britta Heine 1, Jens Etter 2 1 Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) GmbH, Postfach

More information

From Climate Talk to Climate Action: Financing NDCs

From Climate Talk to Climate Action: Financing NDCs From Climate Talk to Climate Action: Financing NDCs CPI insights James Falzon Angela Falconer BRAZIL CHINA EUROPE INDIA INDONESIA SOUTHERN AFRICA UNITED STATES 20 St Dunstans Hill London, UK climatepolicyinitiative.org

More information

CLIMATE CHANGE SPENDING IN ETHIOPIA

CLIMATE CHANGE SPENDING IN ETHIOPIA CLIMATE CHANGE SPENDING IN ETHIOPIA Recommendations to bridge the funding gap for climate financing in Ethiopia Civil Society and government representatives attending the round table discussion on Ethiopia

More information

Module 7 Mainstreaming climate change in the budgetary process

Module 7 Mainstreaming climate change in the budgetary process Global Climate Change Alliance Support Facility Module 7 Mainstreaming climate change in the budgetary process Training workshops on mainstreaming climate change Key topics covered by this module Introduction:

More information

3. The paper draws on existing work and analysis. 4. To ensure that this analysis is beneficial to the

3. The paper draws on existing work and analysis. 4. To ensure that this analysis is beneficial to the 1. INTRODUCTION AND BACKGROUND 1. The UNFCCC secretariat has launched a project in 2007 to review existing and planned investment and financial flows in a concerted effort to develop an effective international

More information

Response to UNFCCC Secretariat request for proposals on: Information on strategies and approaches for mobilizing scaled-up climate finance (COP)

Response to UNFCCC Secretariat request for proposals on: Information on strategies and approaches for mobilizing scaled-up climate finance (COP) SustainUS September 2, 2013 Response to UNFCCC Secretariat request for proposals on: Information on strategies and approaches for mobilizing scaled-up climate finance (COP) Global Funding for adaptation

More information

Strengthening the Governance of Climate Change Finance to Enhance Gender Equality

Strengthening the Governance of Climate Change Finance to Enhance Gender Equality Strengthening the Governance of Finance to Enhance Gender Equality Unlocking the sustainable development potential of climate finance in Asia Pacific International and domestic funding to address the impacts

More information