Webinar | How can development banks accelerate the green financial and budgetary transition

Webinars - By : Louise KESSLER, PhD / Sébastien POSTIC, Phd

Finance in Common Summit and London Climate Action week Side-event

 

 

Online event with registration

 

The climate emergency, and the commitments of countries to support the objectives of the Paris Agreement have highlighted the need, in the very short term, to increase and reorient public and private funding towards the sectors necessary for the low-carbon transition, while reducing the flow of unfavorable climate finance.

 

Although these projects are implemented by a wide range of project promoters, governments, financial institutions, and especially public development banks, have an essential role to play. However, even the magnitude of their task is difficult to estimate: the volumes and complexity of finance flows make it difficult to assess the current situation of financing flows, and of the gap that needs to be bridged to achieve carbon neutrality.

 

I4CE, the Climate Policy Initiative (CPI) and Public development banks such as the French Agency for Development (AFD), the Inter-American Development Bank (BID) have launched several initiatives aimed at assessing the level of progress of countries with regard to the low-carbon transition, with the aim of supporting the scale-up of investments and expenditure needed to achieve national emissions reductions objectives.

 

Some of the tools that can be mobilized by development banks, such as climate investments landscapes, green budgeting, and PEFA Climate will be discussed in the first half of this webinar ; in the second half, the French Development Agency, the Inter-American Development Bank and GIZ will provide insights as to how these tools can be mobilized to accelerate the green financial and budgetary transition.

 

Programm :  

 

16h30-16h35: Welcome & Introduction I4CE and AFD

16h35-17h10: Part 1: Short presentations on the relevant tools that are being developed

Panel discussants:

  • I4CE – Sebastien Postic
  • Climate Policy Initiative – Baysa Naran
  • PEFA Climate – Guillaume Brule

17h10- 17h50: Part 2: Panel discussion: implementation and prospects

How can these tools be mobilized by development banks to i) accelerate public action: and ii) reorient funding flows ?

Panel discussants:

  • AFD – Nicolas Lecrivain
  • IADB – Raul Delgado
  • GIZ – Ursula Stiegler

17h50-18h00: Conclusion

 

Finance in Common Summit and London Climate Action week Side-event

 

 

If you are interested in the strategic perspective of the role of Multilateral Development Banks in 2021 to build back better and ensuring a green recovery, you may be interested in the event of our colleagues from E3G. Right before our event at 2:30 pm GMT, their webinar will explore the question: What needs to happen in the MDB and wider climate finance sphere to set course for a global green recovery and contribute to the success of  COP26?, featuring government speakers, MDB representatives and the civil society perspective.

19 Nov 2020

Webinar | How can development banks accelerate the green financial and budgetary transition

I4CE Contacts
Louise KESSLER, PhD
Louise KESSLER, PhD
Economy Programme director– Steering tools, Financing the transition Email
Sébastien POSTIC, Phd
Sébastien POSTIC, Phd
Research Fellow – Public finance, Development Email
To learn more
  • 04/19/2024 Foreword of the week
    World bank and IMF Spring Meetings: How can the reformed institutions play a leading role in funding the transition?

    Rethinking how development can be financed to take into account the rising challenges of our time is a fastidious task, especially when thousands of experts, decision makers and practitioners want to leave their print. The outline of the new international financial architecture is being debated again this week, with more questions open for discussion than consensus on the answers. 

  • 04/19/2024 Blog post
    More and better finance: maximising positive climate impacts for a timely transition 

    Since the Paris Agreement in 2015, significant strides have been made to foster the commitment of countries and financial institutions to address the climate crisis and ensure that climate risks and opportunities are considered in investments. However, with emissions required to peak before 2025, our window of opportunity is rapidly closing to keep +1.5°C within reach. Financial needs to lower greenhouse gas (GHG) emissions and to address adaptation priorities are increasing rapidly in the meantime. Luis Zamarioli Santos and Diana Cárdenas Monar, from I4CE, believe that commitment must urgently translate into action, and action must bring the urgent change the world needs. Both governments and public financial institutions have a central role to play to deliver more and better finance, maximising positive impacts. This blogpost highlights some opportunities to advance in the path for a systemic transformation, involving key stakeholders with a whole-economy approach.  

  • 04/17/2024
    Ambitious alignment with the Paris Agreement in public development banks

    At the Spring Meetings, during an event with senior climate representatives from Multilateral Development Banks, I4CE, E3G, Germanwatch and NewClimate Institute officially launched a common position paper on what ambitous Paris alignment means for public development banks. This paper summarises years of research on Paris alignment to shed light on best practice and hopefully support decision makers in taking and implementing credible climate commitments. 

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