Environment and development

AFD-IDB-OECD Workshop ‘Local Financial Institutions (LFIs) and Green Finance’ (3 November 2015)

 

Workshop Overview

In December 2015, the twenty-first session of the Conference of the Parties (COP 21) was organized in Paris with the objective to achieving a legally binding and universal agreement on climate change in order to limit global warming to below 2°C. Achieving this aim and transitioning to a low-carbon, climate resilient and sustainable development pathway will require significant finance and investment, both public and private. There is increasing recognition of the role local financial institutions (LFIs) play in promoting private investments in areas related to green growth, and these institutions will continue to play an important role over the next decades in scaling up climate solutions.

Within this context, the Agence Française de Développement (AFD), the Inter-American Development Bank (IDB) and the Organisation for Economic Co-operation and Development (OECD) organized a one day workshop on LFIs and green finance in Paris, on the 3rd of November 2015. The aim of the workshop was to bring development partners, multilateral agencies and LFIs from different regions together to:  a) share experience on scaling up green finance among LFIs; and b) identify opportunities to work together to further share knowledge and experience.

The event focused on innovative instruments and existing experience in green finance, specifically within the context of large scale infrastructure development as well as for economic sectors involving small scale green finance (e.g. for energy efficiency) and Small and Medium Enterprises (SMEs). Interventions covered concrete case studies, with experience shared by field practitioners.

Initial sessions showcased implemented actions, followed by discussions on barriers to scaling up green finance and the need for synergies and collaboration. The final panel discussion defined concrete next steps to sharing knowledge and replicating lessons across regions.

Content

Meeting Agenda

Session I  - Financial innovation for sustainable infrastructure projects

Session II - Financial innovation for energy efficiency and  SMEs 

Session III - Shaping next steps: finding ways to share knowledge to scale up innovative green finance through LFIs

Meeting Summary

 

Session I - Financial innovation for sustainable infrastructure projects

The speakers for this session, Jorge Lanz Obeso of Nacional Financiera, Mexico, Vinicius Vidal, Manager at Banco Nacional De Desenvolvimento Econômico (BNDES), Brazil, Ashwin Foogooa of Mauritius Commercial Bank, Mauritius, and Sophie Leroy, Proparco, presented four examples of interventions by LFIs to support the uptake of renewable energy and green finance for infrastructure.

Jorge Lanz Obeso, Nacional Financiera (NAFIN) - A case study on Geothermal Risk Sharing 


Vinicius Almeida, Banco Nacional de Desenvolvimento Econômico e Social (BNDES) - PPPs and the best practices for LFIs participation

Ashwin Foogooa, Mauritius Commercial Bank (MCB) - Role of commercial banks in promoting green investment in Africa

Sophie Leroy, Proparco – Financing infrastructure through commercial banks

 

Session II - Financial innovation for energy efficiency and  SMEs

The speakers for this session, Maria Netto from IDB, Sergiy Khudiyash from the State Export-Import Bank of Ukraine (UKREXIMBANK) and Rekik Akinci from Türkiye Sınai Kalkınma Bankası (TSKB), presented three cases where LFIs have been supporting uptake of energy efficiency interventions by SMEs.

Maria Netto, IDB – Energy Savings Insurance


Sergiy Khudiyash, State Export-Import Bank of Ukraine (UKREXIMBANK) – Green credit lines for Energy Efficiency in Ukraine


Refik Akinci, Türkiye Sınai Kalkınma Bankası (TSKB)


 

Session III - Shaping next steps:finding ways to share knowledge to scale up innovative green finance through LFIs

An overview presentation to set the context for the discussion was given by Micha van Waesberghe from IDB, and outlined best practices for knowledge sharing. The following panel discussion included Refik Akinci from TSKB, Barbara Schnell from KfW Development Bank, Jose Juan Gomes Lorenzo, IDB, and Mustapha Kleiche, AFD.

Micha Van Waesberghe, IDB Knowledge and Learning Specialist - Maximizing the value of knowledge sharing

 

 

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