Gobierno del Perú
Lima Climate Finance Week
Practitioner Days August 26-28, 2014
Swissotel Lima - Av. Santo Toribio 173-Via Central, Centro Empresarial Real – San Isidro
Gobierno del Perú
UN CLIMATE CHANGE CONFERENCE 2014
Lima Climate Finance Week
Practitioner Days August 26-28, 2014
Swissotel Lima - Av. Santo Toribio 173-Via Central, Centro Empresarial Real – San Isidro Hosted by the Government of Peru as incoming Presidency of COP20/CMP10 to the United Nations Framework Convention on Climate Change (UNFCCC)
Objective Climate finance constitutes a cornerstone of the international architecture necessary to address the climate challenge. As such, all different actors play an important and differentiated role and will need to bring their individual and joint efforts to tackle this challenge. The Government of Peru, as incoming Presidency of COP20/CMP10, acknowledges the critical importance of public climate finance to increase ambition of action in developing countries while contributing to sustainable development, to support the resilience of the poorest, to catalyze private investment and other complementary streams of finance to reach the scale necessary to address climate change, among other objectives. With this in mind, the Lima Climate Finance Week has been conceived as a space where linkages between different actors – those in the public, private, and non-governmental sectors; at the global, regional and national levels – can be built and strengthened to scale up financial resources to tackle climate change. The Lima Climate Finance Week invites practitioners and government representatives to share experiences with the aim of increasing a shared understanding of key climate finance issues towards COP20/CMP10 in Lima, Peru.
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Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
The events during the week begin with a focus on three core and related issues, where finance for adaptation will also be addressed as a cross-cutting element throughout the sessions:
ƌɄPrivate Sector Finance: Mobilizing scaled-up international private finance and strengthening the link to opportunities for the domestic private sector in developing countries; ƌɄEnabling Environments and Readiness for Country-led Climate Finance: Sharing the experiences of developing and developed countries and what these mean for the work of climate finance facilitating funds and agencies like the Green Climate Fund (GCF) and for setting up the conditions that enable country-led and scaled-up climate initiatives for the long-term; ƌɄTransparency of Climate Finance: Highlighting the value of enhancing transparency in the entire process, from the flows to the impact of climate finance, from the perspective of both developed and developing countries.
Acknowledgements This event would not have been possible without the generous support and technical collaboration of the Inter-American Development Bank (IDB). In addition, the support of the AVINA Foundation and the German Federal Enterprise for International Cooperation (GIZ) was key to the event’s organization. The Government of Peru would also like to thank the Inter-American Association for Environmental Defense (AIDA), Third Generation Environmentalism (E3G), the Green Climate Fund (GCF), the Latin American and Caribbean Group for Climate Finance (GFLAC), the Organisation for Economic Co-operation and Development (OECD), the United Nations Development Programme (UNDP), the World Bank Group, and the World Resources Institute (WRI) for the technical input offered.
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Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
AGENDA 09:00 – 09:30 Opening Session Keynote speeches: Manuel Pulgar-Vidal, Minister of Environment of Peru and incoming President of COP20/CMP10 Luis Miguel Castilla, Minister of Economy and Finance of Peru* Felipe Calderón, former President of Mexico and Chairman of the Global Commission on the Economy and Climate Peru’s perspective on climate finance in the lead to COP20/CMP10. What is the role of public climate finance in driving the building of an international climate finance architecture that recognises a variety of sources and is commensurate with the scale needed to tackle the challenge of climate change? What are the implications of progress on this front for reaching a global climate change agreement in 2015?
Tuesday – August 26, 2014
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DAY
DAY 1: PRIVATE SECTOR FINANCE Appropriate policy and regulatory frameworks would secure a successful engagement of the private sector, necessary for mobilizing the volume and rate of investments needed for building lasting and sustainable low-emission and climate-resilient development pathways. While the private sector has taken important steps into climate change initiatives for the last decade, the gap between public interventions and concrete investment in both developed and developing countries remains an unresolved feature of the landscape. Financial instruments, multilateral and domestic public finance play an important role in bridging this gap and attracting traditional and non-traditional sources of climate finance capital at larger scales, but much work remains to be done, and private sector engagement is a factor considered to be required for success. The objective of this day is to bring together global private and public sector actors with the regional and local private and public sector to openly discuss and review successful experiences and practices, explore innovations and new opportunities on the horizon, evaluate challenges, difficulties and failures, and highlight replicable lessons and conditions of success The final session of this day is designed to distill experiences shared during the day and capture recommendations, concerns, and pending questions in order to constructively feed into the next two days of the event, and beyond. 09:30 – 10:45 Session 1 - The demand side of climate finance: private-sector actors currently engaged in adaptation and mitigation initiatives Objective: Highlight experiences and approaches that businesses and financial institutions are taking to invest in climate change mitigation and adaptation initiatives. From a climate finance user perspective, what are the successes, challenges and potential for replicability across different sectors and regions? Format: Presentations, followed by Q&A. -3-
Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
Moderator: Rein Detchon, Vice President of Energy - United Nations Foundation Presenters: Karla Canavan, Commercial Director - Bunge Joan Lagos, Forest Investment Program Coordinator - FINDECA Henk de Jong, CEO Latin America - Philips Salvatore Bernabei, CEO of Chile and Andean Countries - Enel Green Power 10:45 – 11:15 Coffee Break 11:15 – 12:45 Session 2 - The supply side of climate finance: The view from financial institutions engaged in mobilising long-term scaled-up private finance Objective: Identify what sources of climate finance are available and in use and what innovative and “non-traditional” areas for private sector financing are emerging and evolving. What are the triggers and conditions to effectively scale up funding and investment to transition to low-emission and resilient economies? Format: Presentations, followed by panel discussion and Q&A. Moderator: Egbert Liese, Managing Director - Climate Focus Panelists: Abyd Karmali, Managing Director, Climate Finance - Bank of America Merrill Lynch Stuart Clenaghan, Advisor - Climate Bonds Initiative Daniel Shepherd, Lead of the Sustainable Energy Program, IFC - World Bank Group Robert Youngman, Principal Policy Analyst - Organization for Economic Cooperation and Development Jens-Christian Stougaard, Director - PensionDanmark Pablo de la Flor, Manager of Corporate Affairs - Banco de Crédito del Perú 12:45 – 13:45 Lunch 13:45 – 15:15 Session 3 - The channels and the bridging: strengthening the linkages between private and public finance to articulate climate finance to the local level Objective: Identify the experience, challenges and opportunities of leveraging private finance through public-private partnerships and the array of financial instruments being deployed by national and regional development finance institutions in both developed and developing countries. Format: Presentations, followed by panel discussion and Q&A.
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Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
Moderator: Maria Netto, Financial Markets Lead Specialist - Inter-American Development Bank Panelists: Carlos Paredes, Director of Environmental Finance - Financial Development Corporation of Peru (COFIDE) Guilherme Martins, Director of Environment - The Brazilian Development Bank (BNDES) Mary Gomez, Senior Executive - Development Bank of Latin America (CAF)* Ruan Kruger, Environmental Analyst - Development Bank of Southern Africa Rodrigo Violic, Business Manager - BICE Bank, Chile 15:15 – 15:45 Coffee Break 15:45 – 17:15 Session 4: Working with the results of the day: enabling environments in developed and developing countries for mobilizing private sector finance Objective: Provide proposals, open questions and thoughts on how to bridge the gaps between local and regional policy objectives and on-the-ground needs. What are the conditions of success and what challenges do we need to overcome in order to effectively mobilizing private sector finance? Format: Facilitated working groups. Facilitator: Martin Schoenberg, Head of Policy - Climate Change Capital Working Group Leaders: Thomas Kerr, Principal Climate Policy Officer, IFC - World Bank Group Egbert Liese, Managing Director - Climate Focus Gabriela Moya, Senior Policy Advisor - Third Generation Environmentalism Rodrigo Violic, Business Manager - BICE Bank, Chile Robert Youngman, Principal Policy Analyst - Organization for Economic Cooperation and Development Gregory Watson, Senior Specialist of Strategic Planning and Partnerships - Multilateral Investment Fund of the Inter-American Development Bank 17:15 – 18:00 Closing Session Facilitators from Session 4 will report on results from the working session, highlighting areas of future work in order to build on experiences towards increasing and improving conditions for private and public sector participation in climate finance initiatives. These results will be used to contribute to enabling environments and transparency discussions of the following days. 18:00 – 19:30 Welcome reception hosted by the Government of Peru Restaurant Le Cafe, Swissotel Lima
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Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
Wednesday – August 27, 2014
02
DAY
DAY 2: ENABLING ENVIRONMENTS AND READINESS FOR COUNTRY-LED CLIMATE FINANCE Discussions on enabling environments must contemplate both developed and developing countries, in order to cover the entire spectrum of “push” and “pull” factors that influence the mobilization of scaled-up climate finance. Discussions on this day build from the conclusions of the first day on enabling environments for mobilizing private sector finance to developing countries. Countries are building on existing processes and mechanisms to enhance enabling environments for mobilizing, deploying, and using scaled-up climate finance. The array of means varies, but may include setting up institutional arrangements to effectively deliver climate finance, attracting public and private funding, establishing mechanisms to improve coordination within countries and between donor and recipients, as well as strengthening domestic financial systems to ease the flow of climate finance from multiple sources. Simultaneously, developing countries have been preparing to access climate finance through a variety of international funds and other institutions. This has entailed planning for, delivering, and monitoring climate finance on a national level. These efforts include strengthening national authorities or developing robust project pipelines, particularly as the operationalization of the Green Climate Fund (GCF) moves forward. The objective of this day is for participants to reflect on the “push” and “pull” sides of climate finance mobilization, deployment, and use, as well as on the lessons from existing “readiness” initiatives. 09:00 – 10:30 Session 1: Enabling environments for climate finance – lessons from country experiences Objective: Representatives from developing countries will present their national efforts and results to enable long-term climate finance in their countries. Panellists will discuss challenges, lessons learned and considerations for leveraging and applying public and private, domestic and international climate finance. Format: Presentations, followed by panel discussion and Q&A. Moderator: Gabriela Moya, Senior Policy Advisor - Third Generation Environmentalism Panelists: Said Mouline, General Director - Agency of Development for Renewable Energies and Energy Efficiency of Morocco Erica Niño, Deputy Director of Sustainable Environmental Development - Planning Department of Colombia Paul Collazos, Lead Economist Research Department - Superintendency of Banks, Insurers and Private Pension Fund Managers of Peru (SBS) David Wilk, Lead Climate Change and Interim Division Chief - Inter-American Develpment Bank Rodrigo Violic, Business Manager - BICE Bank, Chile -6-
Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
10:30 – 11:00 Coffee Break 11:00 – 12:15 Session 2: Experiences in planning for and managing climate finance – what does “being ready” look like? Objective: Panelists will present their experience in readiness initiatives to date, share lessons learned during the process of preparing to access, manage and use climate finance through various funds and facilities. What has been the value added for these institutions and countries? What are the considerations for emerging funds and facilities? Format: Presentations, followed by panel discussion and Q&A. Moderator: Clifford Polycarp, Deputy Director Finance Center - World Resources Institute Panelists: Alberto Paniagua, Executive Director - Peruvian Trust Fund for National and Protected Areas (PROFONANPE) Andrés Mogro, Officer of International Relations on Climate Change - Ministry of Environment of Ecuador Espen Ronneberg, Climate Change Adivsor - Secretariat of the Pacific Regional Environmental Programme Ruan Kruger, Environmental Analyst - Development Bank of Southern Africa Daouda Ndiaye, Adaptation Officer - Adaptation Fund Secretariat Alexander Froede, Head of Project - German Federal Enterprise for International Cooperation (GIZ) 12:15 – 13:30 Session 3: Readiness opportunities by the Green Climate Fund – direct access to climate finance and developing project and program pipelines Objective: Update on the GCF’s status and presentation on its work program on “Readiness and Preparatory Support”, which builds on readiness activities undertaken to date. Format: Presentations, followed by Q&A. Moderator: Smita Nakhooda, Readiness Program Lead - Green Climate Fund Presenters: Tao Wang, Director for Adaptation and Mitigation - Green Climate Fund Carmen Arguello, Readiness Program Advisor, Latin America & the Caribbean - Green Climate Fund 13:30 – 14:30 Lunch 14:30 – 16:30 Session 4: Country-led approaches for scaling-up climate finance Objective: Discuss, from participants’ perspective and national experience, the conditions that enable scaled-up climate initiatives in their countries for the long-term. Format: Facilitated working groups.
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Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
Facilitator: Gloria Visconti, Climate Change Lead Specialist - Inter-American Development Bank Working Group Leaders: Carmen Arguello, Readiness Program Advisor - Green Climate Fund Cassie Flynn, Climate Change Advisor - United Nations Development Programme* Marcela Jaramillo, Policy Advisor - Third Generation Environmentalism Thomas Kerr, Principal Climate Policy Officer, IFC - World Bank Group Clifford Polycarp, Deputy Director Finance Center - World Resources Institute Jorge Gatelumendi, Senior Advisor - The Nature Conservancy 16:30 – 17:00 Coffee Break 17:00 – 18:00 Closing Session Facilitators from Session 4 will report from the working groups, highlighting areas of future work for creating enabling environments for low-emission and climate-resilient development.
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Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
Thursday – August 28, 2014
DAY
03
DAY 3: TRANSPARENCY FOR CLIMATE FINANCE Discussions on transparency are particularly important in the context of international commitments for the provision of public climate finance to developing countries. Moreover, addressing transparency in the mobilization, deployment and impact evaluation stages for different financial flows also helps identify gaps, efficiencies and better align resources. Over the past decade, the development of methodologies and systems to ensure transparency in tracking the mobilization and deployment of financial resources has been critical to build trust among countries in the provision of climate finance. While work remains to be done, these efforts are shedding light on the need for improved coordination within countries, and between donors and recipients. The objective of this day is to identify the challenges of arriving at an aggregate global landscape of climate finance flows and discuss how donor and recipient countries, as well as other international actors, can jointly contribute to enhancing the transparency of climate finance flows in a way that strengthens both the recipient’s and contributor’s own management and leadership in climate financing in their countries. 09:00 – 10:00 Session 1: Integrating results management into climate finance Objective: Discuss ongoing initiatives to incorporate results-based orientations into the management of climate finance. What is the value of these exercises for countries to have a more efficient allocation of resources, identify future needs and gaps, and enhance coordination in-country and between donors and recipients? Format: Presentations, followed by Q&A. Moderator: Jorge Barrigh, Senior Advisor on Climate Finance Presenters: Javier Roca, General Director of International Economic Affairs, Competitiveness and Productivity Ministry of Economy and Finance of Peru Hervé Breton, Senior Expert, Climate Division - French Agency for Development (AFD) Peter Muck, Advisor, Climate Change Office - Ministry of Environment of Chile Zerihun Getu, Director, Climate Resilient Green Economy Facility - Ministry of Finance and Economic Development of Ethiopia
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Lima Climate Finance Week
Practitioner Days
August 26-28, 2014
10:00 – 11:40 Session 2: Arriving at a coherent picture of international climate finance flows Objective: Present country experiences in the tracking of climate finance flows and ways to overcome information gaps. How could countries work together to arrive at a coherent picture of international climate finance flows, ensure better predictability of resources and align them with long-term in-country needs? Format: Presentations, followed by panel discussion and Q&A.
Moderator: Smita Nakhooda, Research Fellow - Overseas Development Institute Panelists: Hussen Alfa Nafo, Expert in the Mobilization of Resources - Ministry of Environment and Sanitation of Mali Roger Dungan, Senior Policy Officer Climate Change - Ministry of Foreign Affairs and Trade of New Zealand Luis Muñozcano, Deputy General Director Climate Change Projects - Natural Resources and Environment Secretary of Mexico Stephanie Ockenden, Economist/Policy Analyst - Organization for Economic Cooperation Development Sandra Guzman, General Coordinator - Latin American and Caribbean Group for Climate Finance Claudio Alatorre, Senior Climate Change Specialist - Inter-American Development Bank 11:40 – 12:00 Coffee Break 12:00 – 12:45 Closing Event Panel: Summary results and next steps captured from the event – moving forward As the Lima Climate Finance Week comes to an end this panel would reflect on the conversations taken place over the past days and look into opportunities to escalate these discussions in the immediate future, being the UN Secretary General’s Climate Summit a particularly relevant landing platform for this prospective exercise, in the lead up to the Lima and Paris conferences. Moderator: Farrukh Iqbal Khan, Senior Advisor, Finance - UN Secretary-General’s Climate Change Support Team Panelists: Delphine Eyraud, Senior Advisor, Climate Finance - Ministry of Foreign Affairs of France* Guilherme Martins, Director of Environment - The Brazilian Development Bank (BNDES)* Maria Netto, Financial Markets Lead Specialist - Inter-American Development Bank Gabriel Quijandría, Deputy Minister for Strategic Development of Natural Resources - Ministry of Environment of Peru
* To be confirmed For more information contact: Mirko Serkovic: mserkovic@minam.gob.pe
Maria Veronica Villena: mvillena@minam.gob.pe
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