Defining impact for the transition in concrete terms

Conferences - By : Alice PAUTHIER / Claire ESCHALIER

Official side-event – Summit for a new global financing pact




In 2022, a global consensus was reached on the need to reform the global financial architecture, considered no longer “fit for purpose”. While most discussions focus on how to reform development finance institutions (DFIs), too little attention is paid to the concrete needs of developing countries and what the transition to low-carbon and resilient economies means for them. 


Objective of the side-event

This side-event seeks to bring in the debate country representatives and DFIs to exchange on how they are advancing on the climate and development agenda, what are their specific objectives related to the transition to low-carbon resilient economies and how to define impact? 



Climate Policy Initiative (CPI), Iddri, Institute for Climate Economics (I4CE), NewClimate Institute, World Resources Institute (WRI) 


Date and time: June 22nd, 10:15-11:15 CEST

Location: UNESCO, Paris  

Session will be livestreamed on the event platform during the Summit and a replay will be available after the Summit.


Provisional agenda:

Welcome remarks by Benoît Leguet, managing Director, I4CE 


Keynote speech: Morgan Despres, executive director, European Climate Foundation (TBC) 


Moderator: Bella Tonkonogy, director, CPI 


Part 1: What does the transition to low-carbon and resilient economy imply in different countries? 


  • Chantal Naidoo, founder and executive director of Rabia Transitions (perspective from South Africa);
  • Dr Arunabla Ghosh, climate expert & CEO of CEEW (perspectives from India);
  • Noor Syaifudin, fiscal policy department, Ministry of finance, Indonesia.


Part 2: How to define and maximize “impact” and support to countries in their transition? What changes are needed in the role played by MDBs and NDBs to maximize impact in the real economy?  


  • Stéphane Hallegatte, senior Climate Change Adviser, the World Bank;
  • Dr Al-Hamdou Dorsouma, director climate change and green growth African development Bank;
  • Catherine Koffman, Group Executive, Development Bank of Southern Africa (DBSA);
  • Valerie Laxton, senior associate, Development Finance Institutions, Finance Center, WRI. 


Discussion: How would these changes support the transition in countries? What are the key success factors that you identify?


Reactions from panelists and exchange with the audience. 

Discussant: Nathalie, Mangondo, YOUNGO (perspectives from Zimbabwe). 


Concluding remarks by Aki Kachi, NewClimate Institut


22 Jun 2023

Defining impact for the transition in concrete terms

I4CE Contacts
Project Manager – Development finance Email
Team Lead – Development finance 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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