Your location: Home > Cooperation & Support > Climate Finance > Standing Committee on Finance

First Forum of the Standing Committee - Meeting documents


Date: 28 May 2013
Venue: Fira Barcelona, Hall 5 - Palau de Congressos
pdf-icon Programme of the First Forum of the Standing Committee on Finance
pdf-icon Information for participants (398 kB)  

pdf-icon List of participants (116 kB)

The recording of the first Forum can be found here.   New!   Image


Detailed information on the panel discussions
 

09:00 to 09:45 "Strategic perspectives on climate finance"

Expectations
• Overview of the need for urgent action on the increasing intensity and frequency of extreme weather events and associated costs;
• Overview of climate finance institutions and work under the UNFCCC;
• Overview of the wider climate finance architecture, including multilateral, bilateral and national finance institutions;
• Overview of current climate finance flows, both public and private.

Panel composition

Paul Oquist; Presidency of Nicaragua

Barbara Buchner; Climate Policy Initiative (CPI)

Barbara Buchner is Senior Director of Climate Policy Initiative and head of CPI Europe. She leads CPI’s workstream on global climate finance. Her work focuses on international climate finance to address the question of whether it is adequate and productive. A core topic of interest is the effectiveness of implemented climate and energy policies; with a major focus on the EU ETS. Barbara is Austrian Citizen and holds a PhD in Economics from the University of Graz and a Masters Degree in Economics within the Economics/Environmental Sciences Joint Program at the University of Graz and University of Technology of Graz.
Previously Barbara served as a Senior Energy and Environment Analyst at the International Energy Agency. Before that, she was working as a Senior Researcher at the Fondazione Eni Enrico Mattei. She has also been a Visiting Scholar at the Massachusetts Institute of Technology within its Joint Program on the Science and Policy of Global Change & Centre for Energy and Environmental Policy Research. Barbara serves on various Advisory Boards including the Advisory Board of the Barilla Center for Food & Nutrition (BCFN). Barbara is lead author of CPI’s ‘Climate Finance Landscape’ Report and has published a number of articles in peer-reviewed journals as well as in books. She is contributing author of a recent book on ‘Pricing Carbon. The European Emissions Trading System’ (Cambridge University Press) and co-editor of a book on ‘Allocation in the European Emissions Trading Scheme’ (Cambridge University Press).

pdf-icon CPI Spaghetti 2012 (140 kB)

Mariama Williams; South Center

 

09:45 to 11:00: "Financing and investment drivers for mitigation activities"

Expectations
Discuss the underlying opportunities, challenges, barriers and factors that determine investment decisions and/or the allocation of financial resources in mitigation activities, including a brief overview of current trends. Among other key questions, participants will have an opportunity to reflect on why investments in clean technologies still lag behind those in fossil fuel intensive technologies.

Panel composition
Form: e.g. Roundtable discussion with a Q&A session between the audience and the panel.

Facilitator:
Syed Mujtaba Hussain; Deputy Secretary, Government of Pakistan

Panellists:
Hugh Sealy; Vice-Chair, Clean Development Mechanism Executive Board – Professor, Department of Public Health and Preventive Medicine, St. George's University, St. George's, Grenada

Dr. Hugh Sealy is Canadian by birth and Barbadian by descent. He obtained his Bachelor of Engineering (Chemical) from McGill University, Montreal, Canada. He completed a Master of Science in Environmental Pollution Science at Brunel University,
Middlesex, U.K. and a Doctorate of Philosophy in Environmental Science at the University of Liverpool, U.K. He is the recipient of a Barbados Scholarship and a Commonwealth Scholarship.
Dr. Sealy is a consultant with over 25 years of experience as a project manager, a professional engineer, an environmental scientist and a university lecturer. He has managed development projects, particularly in relation to energy, water supply,
wastewater treatment and integrated solid waste management and conducted numerous environmental studies throughout the Caribbean region.
He was the Chairman of the Barbados National Energy Policy Committee and the Chairman of the National Commission on Sustainable Development for the Government of Barbados. He was responsible for the development of the Barbados National Energy
Policy and for monitoring the implementation of the National Sustainable Development Policy. He assisted in the development of national energy policies, which include low carbon development strategies, for Dominica and for Grenada. Dr. Sealy served as
Energy and Sustainable Development Advisor to the Government of Grenada from 2008 – 2012.
In January 2008, Dr. Sealy was elected as a Member of the Executive Board of the Clean Development Mechanism (CDM) under the United Nations Framework Convention on Climate Change (UNFCCC). Dr. Sealy served as one of two representatives for Latin
America and the Caribbean until January 2011. In December 2011 Dr. Sealy was reelected to the Executive Board of the CDM to serve as the Member for the Alliance of Small Island States (AOSIS). In January 2013, Dr. Sealy was elected as Vice Chair of
the CDM Executive Board.
Currently, Dr. Sealy is a Professor in the Department of Public Health and Preventive Medicine in the School of Medicine at St. George’s University in Grenada. Since 2007, Dr. Sealy has served as a senior negotiator for the AOSIS Climate Change Technical
Negotiating Team at the Conferences of the Parties under the UNFCCC.


Abyd Karmali; Managing Director, Global Head of Climate Markets, Bank of America Merrill Lynch

Abyd Karmali is Managing Director and Global Head of Carbon Markets at Bank of America Merrill Lynch and serves on the firm's Environment Council which steers the bank's USD 50 billion environmental business initiative. Mr Karmali has worked for more than twenty years on climate change, carbon markets, and climate finance. He is currently Honorary Special Advisor to the Climate Markets and Investment Association after serving as its elected President from 2008-2013.  Over the past six years, his teams have won several awards for innovative climate finance transactions. Mr. Karmali holds a MS in Technology and Policy from Massachusetts Institute of Technology.

Vikram Widge; Head, Climate Finance & Policy, International Finance Corporation

Vikram Widge heads climate finance & policy at the International Finance Corporation (IFC), the private sector affiliate of the World Bank.  The unit supports development and deployment of innovative market-based solutions to help mobilize private capital for climate-smart investments in emerging markets.  Prior to this he built IFC’s carbon finance business that he continues to manage.  He also leads IFC's engagement externally and provides leadership internally on climate policy, climate risk and adaptation, and greenhouse gas accounting and related metrics.

Vikram has over two decades of experience in developing and financing projects that deploy clean technologies in emerging markets, including renewables, waste-to-energy, fuel cells and electric vehicles.  He also structured and managed an off-grid solar PV fund for six years.  Vikram has a bachelor’s in engineering from the Indian Institute of Technology in Delhi and a master’s in resource economics from the University of Maryland, where he was a Graduate Fellow.  After working in the private sector for 10 years, he has been with IFC since 1994.

Jose
Juan Gomez; Lead Financial Markets and Climate Change Specialist, Capital Markets and Financial Institutions Division, Inter-American Development Bank

pdf-icon The role of national development banks (3244 kB)

pdf-icon The role of national development banks (Spanish version) (3367 kB)



11:15 to 12:30 Group A: "Innovative approaches and case studies by national, bilateral, regional and multilateral organisations and by the private sector"

Expectations
Show-casing of concrete experiences in developing and implementing policies, strategies and activities, as well as necessary measures or steps to accelerate the mobilization of finance for mitigation at the national and regional level.
Discussion of cases of private sector engagement and partnerships to support mitigation activities.

Panel composition
Form: Brief presentations from panellists, followed by round table discussion with a Q&A between the audience and panellists.

Facilitator:

Neeraj Prasad; World Bank Institute

Neeraj Prasad is Manager of the WBI climate change team, which focuses on capacity development and practitioner networks on sustainable energy, climate-smart agriculture, sustainable cities and low emissions development. Before joining the World Bank in 1996, Mr. Prasad was a member of the Indian Administrative Service, with assignments as a development administrator, in the federal Finance Ministry, and as Assistant to India’s Executive Director in the IMF. In the World Bank, he supported and led Environment sector operations in Asia, including its single largest Carbon Finance transaction, the China HFC-23 project.  He supported the management of its Carbon Finance Unit. 
He has co-authored a number of climate change analytical pieces and handbooks, and has spoken on the topic at seminars and workshops across the world.


Panellists:

Mary Gomez-Torres; Corporacion Andina de Fomento (CAF)

• Industrial Engineer, with specialised studies in Finances and Economy matters. Wide experience in corporate financial areas, planning, and environmental financing. Working experience in multilateral banking, public sector, real sector firms and higher education.
• Seven-year working experience at the Andean Development Corporation (CAF), a Multilateral Banking institution engaged in business deals involving the sale of carbon emission reductions for the Kyoto Protocol and voluntary markets, and funding of renewable energy projects.  Nowadays, Head of Climate Change Unit.
• Consultant Experience: Environmental funding, with a focus on the Kyoto Protocol’s Clean Development Mechanism (CDM) and business plans to get foreign investment involved in environmental business deals.
• Seven-year experience in managerial positions at the Colombian Ministry of the Environment’s Planning and Funding Area. Working experience in the design of economic and financial tools in the field of environmental management, with an emphasis on pollution rates, water resource management funds, and water-resource use rates. Sector studies on environmental expenditure and financial strategy for environmental investment in Colombia. Design and direction of programmes and strategies for green markets in Colombia. Design and starting-up of operations with multilateral banking and technical co-operation. Participation at the National Strategy for the Clean Development Facility Study in Colombia, and setting up of the National Agency for Climate Change.
• Teaching experience in the financial and management control systems area. Teaching Experience in environmental finance.

Marc Stuart; Private Equity Investor, Allotrope Ventures

Avril Benchimol; Interamerican Development Bank

Avril Benchimol is the program coordinator of a US$ 7 million regional facility at the Multilateral Investment Fund, a member of the Inter-American Development Bank. The facility provides technical assistance grants to microfinance institutions (MFIs) in Latin America and the Caribbean to develop green lending products aimed at facilitating MFI clients’ access to both clean energies and energy efficiency as well as adaptation strategies to climate change.
In 2011, she received her Master’s degree from the Georgetown University School of Foreign Service, where she graduated with honors for academic excellence.
Prior to her graduate studies, she spent six years in investment banking in London, Madrid and Brussels working for Morgan Stanley and Fortis Bank. Her main areas of expertise include origination of equity and debt transactions as well as sales and structuring of equity derivatives. She has an undergraduate degree in business administration from ICADE (Spain). She is originally from Madrid and speaks fluent English, French, and Spanish.

pdf-icon Mobilizing finance for the Private Sector, Innovation in LAC (1971 kB)

David Rodgers
; Senior Energy Specialist, GEF secretariat 

pdf-icon GEF's Intervention Models for Private Sector Engagement (149 kB)


13:30 to 14:45: "Financing and investment drivers for adaptation activities"

Expectations
Overview of existing opportunities, challenges, barriers and factors that determine financial flows for adaptation activities, including a discussion on the overall financial needs, as well as possibilities for increased private investment involvement.

Panel composition
Form: Brief presentations from panellists, followed by round table discussion with a Q&A between the audience and panellists.

Facilitator:

Naderev Saño; Co-Chair, UNFCCC/LTF work programme

Panellists:
Juan Hoffmaister; Legal Adviser, Ministry of  Foreign Affairs, Bolivia; Adaptation Committee member and representing the Chair of the Committee

Mr. Juan P. Hoffmaister is a specialist on international governance and law, with expertise in adaptation, disaster risk reduction, and development.  He works for the Universidad de la Cordillera, La Paz and as a senior advisor to the Bolivian Ministry of Foreign Affairs. He also serves as negotiator for the Group of 77 and China in multiple issues related to adaptation. Mr. Hoffmaister is a member of the UNFCCC Adaptation Committee, representing Latin America and the Caribbean. He has postgraduate studies in international law, a masters in international governance and ecosystems, and a bachelors on ecology and environmental policy. He has authored and co-authored multiple peer-reviewed publications on adaptation finance and the use of development instruments for achieving climate co-benefits.


Carlos Fuller; International and Regional Liaison Officer, Caribbean Community Climate Change Centre

Mr. Carlos Fuller is the International and Regional Liaison Officer of the Caribbean Community Climate Change Centre, an intergovernmental organization established to coordinate CARICOM’s response to climate change. Mr. Fuller’s primary responsibility is to coordinate the region in the international climate change negotiation process. He is a meteorologist, and prior to joining the Centre, he was the Director of the National Meteorological Service of Belize. He was the country’s chief climate change negotiator from 1990 until his retirement from the government service in 2008. In that capacity he participated in negotiating the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol. He also represented Belize at the United Nations Conference on Environment and Development (UNCED), the United Nations Small Island Developing States Conference (UNSIDS), the World Summit on Sustainable Development (WSSD), the UN Conference on the Ten-Year Review of the Barbados Programme of Action (SIDS+10) and the United Nations Conference on Sustainable Development (Rio+20). Mr. Fuller was awarded the George Price Lifetime Award for Emergency Management and the Officer of the Order British Empire (OBE) for public service.

Smita Nakhooda; Research Fellow, Climate and Environment Programme, Overseas Development Institute

Smita Nakhooda is a Research Fellow in the Climate Change Environment and Forests Program at ODI where she leads work on international finance to help developing countries address climate change. This includes efforts to monitor the climate finance, and to understand its effectiveness. 
She was previously a Senior Associate in the Institutions and Governance Program at the World Resources Institute , where she led research and engagement programmes on the governance of electricity in major developing countries, and on the environmental impacts of development finance. She also developed a program of work addressing governance of forests in the context of global efforts to reduce emissions from deforestation and degradation. In 2010 she was a Senior Research Associate of Idasa, an African democracy institute based in South Africa, working with civil society and independent research institutions to inform and influence emerging policies and plans in the electricity sector. Earlier in her career she worked on rural electrification in East Africa with the United Nations Development Program.
Smita holds an MSc in Environmental Policy and Regulation from the London School of Economics and Political Science (UK), and a BA in Government and Environmental Studies from Dartmouth College (USA).


Saliha Dobardzic; Climate Change Specialist, LDCF/SCCF Secretariat (GEF)

 

14:45 to 16:00: Group B: "Innovative approaches and case studies by national, bilateral, regional and multilateral organisations and by the private sector in providing funding and investments for adaptation"

Expectations
Show-casing of concrete experiences in developing and implementing policies, strategies and activities, as well as necessary measures or steps to accelerate the mobilization of finance for adaptation at the national and regional level.
Discussion of cases of private sector engagement and partnerships to support adaptation activities.

Panel composition
Form: Brief presentations from panellists, followed by round table discussion with a Q&A between the audience and the panel.

Facilitator:

Stefan Agne; European Commission

Panellists:
Monica Araya; Senior Advisor, Costa Rica

Ana Fornells; Former Chair and current member of the Adaptation Fund Board / Daouda Ndiaye; Secretariat of the Adaptation Fund Board

Daouda, a Senegalese national, is an Adaptation Officer at the Adaptation Fund Board Secretariat, which he joined in November 2010. His main responsibilities include the review of projects and programme proposals and monitoring of the Fund portfolio, as well as support the Board in the preparation of policy and strategic documents of the Adaptation Fund. Prior to this position, Daouda worked for three years in the Environment & Energy Unit of the UN Development Program's regional centre in Dakar, covering Western and Central Africa. His main responsibility was to provide support to UNDP country offices in mobilizing funds from the Global Environment Facility, designing and supervising the implementation of biodiversity and land degradation projects. Prior to that, he worked for one year at the Ecological Monitoring Centre in Dakar, Senegal, as an expert and research officer in soil carbon sequestration, agriculture, and land degradation.  Daouda has seven years of experience in the design, implementation and management of environmental research projects dealing with the biological regulation of atmospheric greenhouse gas concentrations both in Senegal and the US, including a three-year research associate position at the University of Louisville in Kentucky. He has authored several scientific publications and communications on the topic. Daouda holds a PhD in Ecology from the University Pierre et Marie Curie (Paris VI) and a master's degree in Business Administration from the University of Bourgogne in France.

Alexander Froede;
Environment and Climate Change Division, Competence Centre for Climate Change, GIZ

Alexander Fröde is the Project Director of GIZ's "Global GCF Readiness Programmes" which supports a set of countries worldwide in the preparation for GCF. He also coordinates the activities on climate finance in GIZ's Competence Center for Climate Change. He and his team supports GIZ's projects on climate finance world-wide and is responsible for the development of tools, such as GIZ's "Ready for climate finance approach" and the CliFAssess tool.
He is landscape ecologist with a specialization in international environmental law and environmental ethics. Prior to his current work in GIZ headquarter he was based in Harare where he worked practically on adaptation to climate change in savannah dry land in Zimbabwe and neighbouring countries.

pdf-icon It's not just the money: institutional strengthening of national climate funds (1326 kB)

pdf-icon Capacity development for direct access to climate finance (1156 kB)

pdf-icon Climate Finance Readiness - Preliminary approach and insights from efforts in Southern Africa (308 kB)

Andrea Kutter; Senior Program Coordinator, Administrative Unit, CIF

A physical geographer by training, Andrea Kutter has been since 2009 the Senior Program Coordinator for the Forest Investment Program (FIP) and the Pilot Program for Climate Resilience (PPCR) in the Climate Investment Funds (CIF) Administrative Unit. Prior to that, she was the Senior Natural Resources Management Specialist in the Secretariat of the Global Environment Facility (GEF). She has also worked as a Technical Officer for Deutsche Gesellschaft für InternationaleZusammenarbeit (GIZ) in Argentina focusing on sustainable land management in dry zones, and she began her career in the Food and Agricultural Organization (FAO) working on Agenda 21 and land use planning.

Jorge Barrigh; General Manager of Ecoressources Inc. 

16:15 – 17:30: Group C: "The role of local investors in mobilizing additional climate finance"

Expectations
Discuss which actions of the GCF, MDBs, NDBs, as well as local governments, would be considered most helpful by local investors. The presentations as well as the discussion will be guided along a set of questions and the main opinions.

Panel composition
Form: Brief opening statements by the facilitator and panellists, followed by round table discussion with a Q&A between the audience and the panel.

Facilitator:
Ulf Moslener; Frankfurt School of Management

Ulf Moslener is Member of the Standing Committee on Finance. He is professor for sustainable energy finance at the faculty of Frankfurt School of Finance and Management in Germany. As Head of Research of the UNEP Collaborating Centre for Climate and Sustainable Energy Finance his current fields of research are the economics of climate change, financing sustainable energy systems and climate finance. He was deputy head of the department of „Environmental and Resource Economics and Environmental Management“ at the Centre for European Economic Research (ZEW) in Mannheim, Germany. His main areas of interest were international climate policy, the analysis of carbon regulation, carbon emissions trading, and policy instruments to promote renewable energy. Thereafter he joined KfW Development Bank, where he was dealing with the practice of financing renewable energy and energy efficiency in developing and newly industrialized countries within the German development co-operation, in particular related to the German contribution to the Clean Technology Fund. Ulf Moslener holds a Diploma in Physics and a PhD in economics from the University of Heidelberg.

pdf-icon Presentation Ulf Moslener (527 kB)

pdf-icon Global Trends in Energy Investment 2013 (4927 kB)

pdf-icon Case study: the Thai Energy Efficiency Revolving Fund (1001 kB)

pdf-icon Case study: Guyana REDD-Plus Investment Fund (GRIF) (659 kB)

pdf-icon Case study: The Indonesia Climate Change Trust Fund (ICCTF) (520 kB)


Panellists:

Kwame Parker; Head of Project Financing, Standard Bank Nairobi 

Jessica Jacob; Director for Social and Environmental Responsibility, Findeter, Colombia

pdf-icon Findeter - Supporting Sustainable Development (2294 kB)

pdf-icon Colombian Green Protocol (476 kB)

Diann Black-Lane; Ambassador, Government of Antigua and Barbuda; and Konrad von Ritter; Consultant on climate change and cities
Dirk Forrister; CEO, IETA

Konrad von Ritter has over 25 years of experience in sustainable development, of which 20 years with the World Bank. He is currently an independent consultant working on climate change and cities, as well as on Nationally Appropriate Mitigation Actions (NAMAs) and climate oriented crowd-funding and micro-finance. He is also a Director at WEnergy, a Singapore based start-up company offering renewable energy solutions focused on East Asia. As a manager at the World Bank, he created the climate change practice at the World Bank Institute, pioneered a Cities and Climate Change learning program, and initiated a NAMA Practitioner Dialogue. As a project leader he helped introduce economic instruments in environmental management in the Philippines, and started up the first Ozone Depleting Substances phase out projects in Malaysia and Thailand. Konrad holds master degrees in economics and in political science from the FU Berlin, Germany. 

pdf-icon Crowdfunding for Climate Change (321 kB)

Dirk Forrister; President, IETA

Dirk Forrister is President and CEO of the International Emissions Trading Association (IETA). Previously, he was Managing Director at Natsource LLC, the manager of one of the world’s largest carbon funds.  Earlier in his career, Mr. Forrister served as Chairman of the White House Climate Change Task Force in the Clinton Administration and  Assistant U.S. Secretary of Energy for Congressional, Public and Intergovernmental Affairs.  Previously, he was legislative counsel to Congressman Jim Cooper of Tennessee.  He was also Energy Program Manager at Environmental Defense Fund.  Forrister now serves on the Board of Directors of the Verified Carbon Standard and as a member of the Advisory Boards of the National Center for Atmospheric Research and the American Carbon Registry.


16:15 to 17:30: Group D: "Tracking climate finance"


Expectations
Stock-taking of existing guidelines and process under the UNFCCC and on-going initiatives for tracking climate related financial flows by other institutions.
Discussion on potential approaches taken by recipient countries and other relevant actors to account for climate and responsible investments.

Panel composition
Form: Roundtable discussion with a Q&A between the audience and the panel.

Facilitator:   
Dennis Tirpak; World Resource Institute

Dennis Tirpak has worked on climate change since 1985. He has held positions with Texaco and Alcoa and was the Director of Global Change Policy Division at the US Environmental Protection Agency; the Coordinator of Science and Technology at the United Nations Secretariat for the Framework Convention on Climate Change (UNFCCC) and Head of climate change studies at the Organization for Economic Cooperation and Development (OECD). He was also a coordinating lead author on the Nobel Prize winning Intergovernmental Panel on Climate He is currently a Senior Fellow at the World Resources Institute in Washington D.C, advising businesses, governments, and international organizations. In recent years he has written extensively on accounting issues under the convention and particularly about climate finance.  

Panellists:

Alvaro Umana; Former Minister, Costa Rica

Jane Ellis; Principal Administrator, Environment Directorate, OECD secretariat

Jane Ellis has over 20 years experience working on a variety of climate change issues. She currently leads the Climate Change Expert Group secretariat at the Organisation for Economic Co-operation and Development. The main focus of her work is on climate finance.
pdf-icon Comparing Definitions and Methods to Estimate Mobilised Climate Finance (976 kB)
pdf-icon Updated information on bilateral aid data (469 kB)
CRS dataset on Rio markers
Analytical papers on mobilising and tracking climate finance

Franka Klingel;
Principal Administrator, Environment Directorate, EBRD

pdf-icon Joint MDB Report on Adaptation Finance 2011 (464 kB)
pdf-icon Joint MDB Report on Mitigation Finance 2012 (462 kB)

Ruta Bubniene
; Programme Officer, UNFCCC secretariat

Ready for some Climate Change News?

Visit the
NEWSROOM