Changement climatique

Workshop on Catalysing Investment in Low-Carbon and Climate-Resilient Growth, November 2011


Agenda       List of participants      Summary report


The workshop held on 7 November 2011 at the OECD Headquarters brought together knowledge and experience on how climate and investment policies interact to mobilise private capital toward low-carbon and climate-resilient development in different country contexts. A key focus examined the opportunities and challenges of infrastructure investment. It identified innovative financial instruments to leverage limited public finance and place those instruments in a broader context of domestic policy reforms needed to accelerate the transition toward low-carbon and climate-resilient growth.  Leaders from business and government exchanged experience on how to better utilise climate and investment policies to mobilise private capital to support low-carbon and climate-resilient infrastructure and development. 


Welcoming remarks:
Simon Upton, Director, OECD Environment Directorate
Carolyn Ervin, Director, OECD Directorate for Financial and Enterprise Affairs

Keynote address:
Michael Liebreich, CEO, Bloomberg New Energy Finance


Session I. Risks, Barriers and Opportunities
This opening session considered overarching priorities for public and private action to fill financing gaps to deliver on climate goals, looking across timeframes, sectors and in different country contexts. In particular, what are the key domestic barriers to private sector investment in low carbon, climate resilient development and what do governments need to do to overcome these?

Moderator: Sabine Miltner, Group Sustainability Officer, Deutsche Bank

Lead speaker: Charlie Thomas, Fund Manager & Director, Jupiter Asset Management

Panel discussion and roundtable:
Dr. Dörte Fouquet, Senior Advisor to First Solar
Arati Prabhakar, Chair of the Efficiency and Renewables Advisory Committee, US Department of Energy
Tamsin Ballard, UK Department of Energy and Climate Change and Department for International Development (DFID)
Erastus W. Wahome, Chief Economist, Ministry of Finance, Kenya

Session II.a. Innovative Instruments and Policies
Focusing on the need to activate capital markets, this session took stock and assessed the potential of different instruments to scale up green investment, e.g. green bonds, to raise and direct private investment from pension funds, hedge funds, and other institutional investors towards low carbon investment.

Moderator: Fred Kittler, Managing Director and Co-Founder, Firelake Capital Management

Lead speakers: Christopher Kaminker, Economist and Raffaele della Croce, Economist, OECD

Panel discussion and roundtable:
Imtiaz Ahmad, Executive Director, Morgan Stanley
Torben Moger Pederson, CEO, Pension Denmark
Henrik Breum, Director, Vestas Wind Systems
Helle Juhler-Verdoner, VP Global Affairs, Alstom


Hosted lunch - Keynote address: Howard Berke, Executive chairman, CEO and co-founder, Konarka Technologies


Session II.b. Innovative Instruments and Policies
This session concentrated on lessons from institutions working across the public-private interface to “green” infrastructure investment. In particular, how the private sector can be encouraged to increase investment in low-carbon climate-resilient (LCCR) infrastructure? What are the best practices and leading policies in the development of LCCR buildings, energy, transport, water and other infrastructure sectors?

Moderator: Barbara Buchner, Director CPI Venice, Climate Policy Initiative

Lead speakers: 
Gudrun Gumb, Vice-President, European Affairs Department, KfW Bankengruppe
John Moran, Managing Director, Investment Development and Coordination, OPIC

Panel discussion and roundtable:
Cecilia Tam, Senior Energy Analyst, International Energy Agency
Nick Mabey, CEO & Founding Director, E3G
Ola Goransson, Ministry of Environment, Sweden
Steve Schiller, Chair, California Energy Efficiency Industry Council, USA


Session III. Navigating the Policy Challenge
This closing session highlighted recommendations on how to move towards a coherent long-term and stable policy framework. It helped frame the policy debate and highlight questions of how to better integrate investment, development or finance and climate policy ambitions into a coherent framework to incentivise private sector engagement.

Moderator: Josué Tanaka, Managing Director, Energy Efficiency and Climate Change, EBRD

Panel discussion and roundtable:
Sandra Garavito, Ministry of Environment, Government of Colombia
Jan Corfee-Morlot, Senior Analyst & Climate Finance Team Leader; Fiona Stewart, Senior Analyst, OECD
Peter Wehrheim, Head of Unit, Climate Finance and Deforestation, DG Clima Action, EC
Tomonori Sudo, Japan International Cooperation Agency, Japan
Simon Brooks, Vice-President, European Investment Bank


Close of workshop - Reception sponsored by First Solar