Events

Bridging the public-private divide on climate change

UNEP FI at the UNFCC 17th Conference of Parties (COP 17)
28 November – 9 December 2011 | Durban, South Africa

I. Designing a Green Climate Fund which is effective in unlocking private investment for low-carbon and climate-resilient growth in developing countries

The transition to a low-carbon and climate-resilient economy requires large-scale investment from the private sector and finance from commercial lenders, particularly in developing countries. However, private investment and finance for low-carbon development in particular, despite considerable growth in recent years, remain far below the volumes needed. Reasons include the general risk landscape for private investment in developing countries, as well as the financial inferiority – perceived or real – of low-carbon options relative to conventional, high-carbon investment alternatives.

To help mobilise capital - both public and private - towards low-carbon growth in developing countries, the intergovernmental Transitional Committee (TC) gave its recommendations at COP for the future design, governance, and modus operandi of the Green Climate Fund.

In Durban, UNEP FI and partners brought together representatives of the banking and investment communities with international climate finance negotiators and national regulators to discuss, among other issues, the UNEP FI proposals on the design of the Green Climate Fund.

Can the Private Sector Deliver?

UNEP FI Impact on the Green Climate Fund’s approach to leveraging private investment (PDF: 60KB)

UNEP FI / Nedbank / National Business Initiative event, on

Banks – potential catalysts towards low-carbon pathways in emerging economies

Venue: Durban, 90 Braam Fischer Drive, Nedbank Building

Date & Time: Friday, 2 December 2011, 10:00 - 13:00

Speakers:

• Dennis Dykes, Nedbank, Chief Economist, Nedbank
• Nick Robins, Head of Climate Change Centre of Excellence, HSBC
• Eric Usher, United Nations Environment Programme (UNEP)
• Zahir Fakeer, Acting Deputy Director-General, International Relations and Cooperation, Department of Environmental Affairs, Government of South Africa (tbc)
• Alan Brent, Associate Director Centre for Renewable and Sustainable Energy Studies, Faculty of Engineering, Stellenbosch University- Provisional (tbc)
• Paul Cements-Hunt, UNEP Finance Initiative

UNEP FI / WRI invite-only lunch, hosted by Nedbank, on

Green Climate Fund: The private financial sector’s perspective

Venue: Durban, 90 Braam Fischer Drive, Nedbank Building

Date & Time: Friday, 2 December 2011, 13:00 - 15:00

UNEP FI / WRI official side event at the COP, on

Green Climate Fund: The private financial sector’s perspective

Venue: BINGO Room, Venue of COP17: Inkosi Albert Luthuli International Convention Centre (ICC)

Date & Time: Friday, 2 December 2011, 20:15—21:40

Contact

Kira Gaza
climate@unepfi.org