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Clean Energy Finance and Investment Mobilisation

Blended Finance to Mobilise Private Capital for Clean Energy - Side Event: UN HLD on Energy Thematic Session on Finance and Investment

25 June 2021
12h00 - 13h00
OECD Paris
Virtual Meeting

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The theme report on Finance and Investment prepared for the UN High Level Dialogue on Energy, identified as one of its recommendations the need to “Make better use of blended finance schemes to mobilise and maximize private capital for clean energy investments and innovative energy technologies”. This report highlighted the potential to attract trillions in clean energy investments by “scaling the use of blended finance mechanisms and de-risking instruments coupled with commercial financing, multilateral portfolio guarantees and result-based financing”. 

This side event explored the potential to develop an Energy Compact on Blended Finance. It provided countries, development finance actors and investors an opportunity to highlight lessons learned from establishing blended finance mechanisms in the clean energy sector. The event also aimed to identify where further opportunities exist to use limited development assistance to mobilise clean energy investments and how different stakeholders can enhance collaboration to catalyse investments.

The OECD’s work on blended finance including the 2020 Blended Finance Guidance, provides a solid foundation for pursuing further work on mobilisation of private finance for clean energy investments. An Energy Compact on Blended Finance provides an opportunity to promote action and commitments on mobilising private finance and link the UN HLD on Energy process with the OECD’s Development Assistance Committee’s (DAC) work to highlight emerging good practice approaches to address key barriers to local financial market development, deepening and greening. 

This seminar covered the following topics:

  • Lessons learned in designing blended finance mechanisms for renewables and energy efficiency 
  • Developing good practice approaches for blended finance across different clean energy technologies and emerging and developing country contexts
  • Application of OECD Blended Finance Guidelines to mobilise investment and finance for clean energy
  • Creation of an Energy Compact to support the Technical Working Group 5 recommendation on blended finance

  • Watch the video recording of the launch 

Speakers

Introduction and welcome

  • Cecilia Tam, Team Leader, Clean Energy Finance and Investment Mobilisation, OECD

Panel discussion 

  • Matthias Woitok, Head of Structured Products, EIB:“Blended Finance recommendation in Finance and Investment theme report”
  • Torben Möger Pedersen, CEO, PensionDanmark: “Mobilising international institutional capital for clean energy”
  • Mohammad Ghozie Indra Dalel, Director of Project Development and Consultation Services, PT SMI: “Clean energy development under the SDG Indonesia One blended finance platform”
  • Connie Tulus, Climate Finance Investment Team, Global Affairs Canada: “Gender responsive blended finance incentives can enhance resource mobilisation for clean energy and improve equality”
  • Muhammed Sayed, Specialist, Climate Finance Unit, Development Bank of South Africa: “Lessons learned from Africa in mobilising private capital for clean energy”
  • Haje Schutte, Head of Financing for Sustainable Development Division, OECD: “Applying the OECD Blended Finance guidance to the clean energy sector”

Contact

For more information, please contact:

  • Cecilia Tam, Team Leader, Clean Energy Finance and Investment Mobilisation, cecilia.tam@oecd.org