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2017 Forum of the Standing Committee on Finance
 
Mobilizing Finance for
Climate-Resilient Infrastructure


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Date: 6–7 September 2017
Venue: La Tour Hassan Palace Hotel, Rabat, Morocco


Background:

The Standing Committee on Finance (SCF) annually organizes a forum to communicate and exchange information among bodies and entities and with other key stakeholders dealing with climate change finance in order to promote linkages and coherence.

The overall objective of the 2017 SCF forum was to identify gaps in mobilizing and accessing finance for climate-resilient infrastructure and to provide high-level policy inputs and recommendations on how to scale up investment in climate-resilient infrastructure. In particular, it assessed trends in climate-resilient infrastructure, gaps and barriers and explored measures to close the gaps in climate-resilient infrastructure financing, as shown in the programme below. This year’s forum was co-facilitated by SCF members, Edith Kateme-Kasajja and Ismo Ulvila.

The 2017 forum of the Standing Committee on Finance was hosted by the Government of Morocco.

The event was organized in partnership with:

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with contributions from:

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Index to Sessions
Click on links to access each forum session, with presentations and biographies
Day 1
Opening: Opening plenary
Session 1: Setting the scene: Understanding “climate-resilient infrastructure” in the context of the broader global infrastructure landscape
Session 2: Infrastructure investment trends and the investment gap
Session 3: Special segment - Infrastructure investment in the context of Article 2 of the Paris Agreement
Session 4: Barriers to climate-resilient infrastructure financing
Session 5: Report back from Session 4
Day 2
Opening: Recap of Day 1 and setting the stage for the Day 2
Session 6: Best practices, lessons learned and opportunities related to mobilizing financing for climate-resilient infrastructure
Session 7: Parallel Plenaries: Part I - Improving Risk Information and assessment and screening public sector infrastructure finance
Session 8: Parallel Plenaries: Part II - Strengthening policy and regulatory frameworks and institutional capacities
Session 9: Parallel Plenaries: Part III - Transforming the financial system
Session 10: Reflections on key outcomes and conclusions of the entire forum
Closing: Closure of the forum
 
pdf-icon Provisional programme of the 2017 SCF Forum (594 kB)
(as at 4 September 2017)

Click on icons for biographies Image of speakers
 

6 September, Day 1: Setting the scene: Climate-resilient infrastructure financing trends, gaps and barriers

8:30 – 9:00
Registration

Opening
Opening plenary
Welcoming participants and opening the forum
9:00 – 9:30
Welcoming remarks and keynote statements by
  • Bernarditas Muller
    Co-Chair, Standing Committee on Finance

  • H.E. Mezouar Salaheddine
    President of COP 22, Morocco

  • H.E. Nezha El Ouafi
    State Secretary in charge of Sustainable Development, Morocco

  • Jorge Borrego
    Deputy Secretary General, Secretariat of the Union for the Mediterranean
Session 1
Setting the scene
Understanding “climate-resilient infrastructure” in the context of the broader global infrastructure landscape
9:30 – 10:30

Session aims: This session will set the scene for day 1 of the forum. It will look at dimensions of infrastructure and at definitions of climate-resilient infrastructure, including links to disaster risk reduction and the sustainable development agenda/goals. Financial characteristics of sustainable/resilient infrastructure and the management of climate risk in the infrastructure lifecycle (planning, procurement, construction, operation, maintenance) will also be discussed.

Presenter
Panelists
  • Marie-Alexandra Veilleux-Laborie Image

  • Drazen Kucan Image
    Senior Urban Development and Energy Efficiency Specialist, GCF Secretariat

  • Fareeha Iqbal Image
    Senior Climate Change Specialist, Global Environment Facility Secretariat
Session 2
Infrastructure investment trends and the investment gap
10:30 – 11:30

Session aims: This session will discuss current investment levels, including drivers of demand by type of economy and across different sectors, and supply of finance. It will also provide an overview of estimated future spatial and sectoral financing needs. Causes of the investment gap and alternative sources for resilient infrastructure investment will also be explored.

Presenters
Intervention by

11:30 – 11:45: COFFEE BREAK Image

Session 3
Special segment
infrastructure investment in the context of Article 2 of the Paris Agreement
11:45 – 13:00

Session aims: This special segment will briefly explore synergies between infrastructure systems and the opportunities to tackle climate change adaptation and mitigation simultaneously (LCR infrastructure) and review an example of an LCR infrastructure project that is taking an integrated approach to advancing the multiple aims expressed in Article 2 of the Paris Agreement. It will also discuss how fundamental price distortions can be tackled.

Presenters
  • Darius Nassiry Image
    Senior Research Associate, Overseas Development Institute
    – Low-carbon and climate-resilient (LCR) Infrastructure & Tackling fundamental price distortions
    pdf-icon Mobilizing Finance for Climate-Resilient Infrastructure (1987 kB)

  • Dhekra Gharbi
    Ministry of Local Affairs and Environment, Tunisia
    – The Rehabilitation of the Lake Bizerte (a project labelled for the Union for the Mediterranean)

13:00 – 14:00: LUNCH Image

Session 4
Barriers to climate-resilient infrastructure financing
14:00 – 16:00

Session aims: A range of barriers exist for financing climate-resilient infrastructure. Those barriers include unfavourable banking/insurance/investment regulations and policies, including uncertainty around tax policies, policies that create market distortions, or financial sector regulations related to capital adequacy or investment limits. Further challenges are a lack of bankable/insurable/investable projects, inadequate risk-adjusted returns, and a lack of viable funding and business models, or high transaction costs.


Session 4 will explore barriers to financing climate-resilient infrastructure across the following areas:

  • Strategic planning and programming
  • Policies and enabling environments
  • Project preparation and technical design
  • Financial structuring

Presentation followed by breakout groups


Presenter

16:00 – 16:15: COFFEE BREAK Image

Session 5
Report back from Session 4
16:15 – 17:15

Session aims: Facilitators of the breakout groups will report the main results of the discussions in their respective groups, followed by a plenary discussion which will provide space for questions and clarifications.


Reports from breakout groups:
pdf-icon Station 1: Strategic planning and programming (356 kB)
pdf-icon Station 2: Policies and enabling environments (486 kB)
pdf-icon Station 3: Project preparation and technical design (397 kB)
pdf-icon Station 4: Financial structuring (398 kB)
17:15– 18:00
Wrap-up of Day 1

7 September, Day 2: Closing the gaps in climate-resilient infrastructure financing: best practices, lessons learned and opportunities

Opening
Recap of Day 1 and setting the stage for the Day 2
9:00 – 9:30
Plenary discussion
Session 6
Best practices, lessons learned and opportunities related to mobilizing financing for climate-resilient infrastructure
9:30 – 10:15

Session aims: This session will set the scene for day 2 and focus on key areas for action that will be further discussed in the subsequent sessions, namely improving climate risk information and assessment to support decision-making across different sectors and government levels, strengthening policy and regulatory frameworks and institutional capacities to deliver the right policies and enabling conditions for financing and to build pipelines of bankable, insurable or investable projects, and transforming the financial system.

Presenters

10:15 – 10:30: COFFEE BREAK Image

Session 7
Best practices, lessons learned and opportunities: Part I
Improving Risk Information and assessment and screening public sector infrastructure finance
10:30 – 12:00

Session aims: Climate-related information is a prerequisite for taking decisions on infrastructure resilience. Public actors can facilitate investments in climate-resilient infrastructure by increasing the availability and accessibility of data on projected climate hazards, raising awareness, and strengthening the capacities of relevant stakeholders to use climate data and projections and to understand and manage interdependencies of infrastructure assets.

In this regard, Session 7 aims to provide best practices and lessons learned with regard to improving risk information and assessment to support decision-making across different sectors and communicating this information to stakeholders. Through case studies and plenary discussions, it will, inter alia, discuss tools to understand infrastructure exposure, and measures to improve the understanding of interdependencies of infrastructure assets. The session also focuses on screening of public sector infrastructure finance to ensure that climate risks are addressed in infrastructure projects.

Parallel Plenaries

Parallel plenary 1

Parallel plenary 2

12:00 – 13:00: LUNCH Image

Session 8
Best practices, lessons learned and opportunities: Part II
Strengthening policy and regulatory frameworks and institutional capacities
13:00 – 14:30

Session aims: Policy and regulatory frameworks as well as institutional capacities are key to delivering enabling conditions for financing climate-resilient infrastructure. Improving institutional functions, such as financial planning and policy, allocating resources, and implementing financing, is vital in this regard. Technical standards can also play an important role in facilitating financing in climate-resilient infrastructure.

Through case studies and plenary discussions, session 8 aims to showcase best practices and lessons learned with regard to putting in place clear national, sub-national and sectoral development strategies with accompanying infrastructure and financing plans, building capacities for project appraisal and preparation to ensure scarce resources are allocated efficiently and effectively, improving institutional and regulatory frameworks for PPPs, and securing the right finance at the right stage of infrastructure projects. In addition, the session will look at technical standards contributing to the technical definition of climate-resilient infrastructure.

Parallel Plenaries

Parallel plenary 1

Parallel plenary 2

14:30 – 14:45: COFFEE BREAK Image

Session 9
Best practices, lessons learned and opportunities: Part III
Transforming the financial system
14:45 – 16:15

Session aims: Given the huge financing gap, mobilizing private finance will be crucial for scaling-up lending, insurance, and investment for climate-resilient infrastructure. Through case studies and plenary discussions, Session 9 will discuss metrics and measurement approaches for assessing climate risks as well as standards and tools for integrating resilience criteria into infrastructure finance.
Finally, the session will explore new or innovative financial instruments and green banking, insurance and investment policies that help mobilize or reallocate finance to climate-resilient infrastructure.

Parallel Plenaries

Parallel plenary 1

Parallel plenary 2

Session 10
Reflections on key outcomes and conclusions of the entire forum
16:15 – 17:00

Session aims: This session provides space for participants to reflect on and sum up the key outcomes and conclusions of the two-days and to identify key areas for action.

Statement by

  • H.E. Ambassador Luke Daunivalu
    Deputy Permanent Representative of Fiji to the United Nations

Panel discussion followed by plenary discussion

Panelists:
  • Kulthoum Motsumi
    Coordinator, Africa Adaptation Initiative
    pdf-icon Enhancing action on adaptation and addressing loss and damage in Africa (351 kB)

  • Craig Davies
    Head of Climate Resilience Investments, EBRD Image

  • Katharina Schneider-Roos
    CEO, Global Infrastructure Basel (GIB) Foundation

  • Alfredo Redondo
    Manager, Climate Change Risk Assessment Network - C40 Cities Climate Leadership Group Image


Closing
Closure of the forum
17:00 – 17:30
Closing remarks by:
  • Patricia Espinosa
    UNFCCC Executive Secretary

  • H.E. Nezha El Ouafi
    State Secretary in charge of Sustainable Development, Morocco

  • H.E. Amb. Fathallah Sijilmassi
    Secretary General, Secretariat of the Union for the Mediterranean

  • Bernarditas Muller
    Co-Chair, Standing Committee on Finance

 

If you have any queries, please contact the secretariat at: standingcommittee@unfccc.int



Please click here to go back to the SCF Forum mainpage.


Updated: 15 September 2017
 
Documents
pdf-icon List of Participants (164 kB) New!

News article
 
Photos
Opening session

Bernarditas Muller

Nezha El Ouafi

Jorge Borrego

Session 1


Session 4, break out groups

Group 1

Group 2

Group 3

Group 4

Session 7

Bill Girling

Group photographs




 
Links to previous SCF forum webpages
SCF Forum Mainpage

2013 SCF Forum
- "Mobilizing Finance & Investment for Climate Action Now"

2014 SCF Forum
- "Mobilizing Adaptation Finance"

2015 SCF Forum
- "Enhancing coherence and coordination of forest financing"

2016 SCF Forum
- "Financial instruments that address the risks of Loss and Damage"