IDFC Climate Facility 1st – 12th - PowerPoint Presentation

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IDFC Climate Facility1st – 12th November 2021

COP26

Pavilion

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IDFC Pavilion @COP26Twitter:

https://twitter.com/IDFC_Network

LinkedIn:

https://fr.linkedin.com/company/international-development-finance-club-idfc- IDFC is at COP26!1st – 12th November, GlasgowHall 4, Pavilion PV08Join over 40 side events hosted by IDFC members and partners at the 2021 IDFC Pavilion to discover the role of Public Development Banks in Climate Action, practical approaches for Paris Alignment, the nexus of Climate Finance and Biodiversity, and IDFC as a key player in Climate Finance.The IDFC Pavilion will be inaugurated during a press conference on Monday, 1st November.IDFC also invites to the IDFC hosted event IDFC – A key player for financing the transition towards low-carbon and climate-resilient development and following cocktail reception on 2nd November.Consult the full IDFC Pavilion Programme of Events

from here the side event overview can be linked

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Fostering access to sustainable urban mobility through efficient low-emission transport: the case of the Costa Rica Light Rail Transit Project

CABEI – Central American Bank for

Economic

Integration, co-organized by GCF- Green Climate Fund 1 November, 14:30 – 16:00 Nowadays, a modern, multi-modal low-carbon public transport system requires a comprehensive and systemic change. Yet, traditional public transport systems in Latin American countries are often locked into offering low-cost, low quality services which result in decreasing passenger numbers. A paradigm shift is required towards offering the passenger a more convenient system which is fast, clean, safe, reliable, comfortable, of universal access, green, modern and at a reasonable cost. The Costa Rica Light Rail Transit Project offers such potential and will allow Costa Rica to achieve its decarbonization targets and net zero emissions by 2050. The following side-event will present this flagship project and draw conclusions about the role of multilateral partners such as CABEI and GCF to catalyze highly concessional resources to the region, thereby contributing to mitigation and adaptation to climate change.

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New Risks Instruments on SDGs and Climate Financing TDB – The Eastern and Southern Africa Trade and Development Bank

2 November, 09:30 – 11:00

This side event will introduce TDB’s new risk instrument to the IDFC members and follow-on interest of potential future European investors in TDB’s innovative instrument.

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Outcomes Finance in Common Summit FICS – Finance in Common

Summit

+ AFD – Agence Française de Développement AFD

2 November, 11:30 – 14:00The Finance in Common Summit held in November 2020 gathered for the first time all public development banks (PDBs) in the world and their stakeholders. PDBs presented their roadmap to serve the Paris Agreement and SDGs agendas while responding to the covid-19 crisis. A year later, in October 2021, PDBs will meet again at the second edition of the Finance in Common Summit, hosted by the Cassa Depositi I Prestiti in Roma. This new edition will offer the opportunity to report on progress made by PDBs and foster stronger dynamic ahead of COP26.This side event aims to present the contribution from FICS 2 and the PDBs to the main issues to be delivered at COP26, and highlight the role that PDBs can play in bossing a sustainable recovery. The organisers also invite to join the lunch reception following this side event.

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Structuring of Climate Projects Preparation Fund for the WAEMU StatesBOAD – Banque Ouest Africaine de

Developpement

,

co-organized by the WAEMU Commission2 November, 14:00 – 15:30 Project preparation funds are used to finance feasibility studies and technical assistance in order to prepare future investment projects, mainly with climate co-benefits. Structuring such funds can provide WAEMU member’s states with innovative financial solutions geared towards non-reimbursable technical assistance resources for projects that enable adequate management of natural disasters, mitigation and adaptation to climate change.This side-event will raise awareness around the challenges of obtaining project preparation funds in WAEMU states and will identify potential partners to support the structuring of the fund technically or financially.

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IDFC – A Key Player for Financing the Transition towards Low-Emission and Climate-Resilient Development

IDFC –

International Development Finance Club

2 November, 16:00 – 17:30 The International Development Finance Club (IDFC) is a group of 26national and regional development banks from all over the world, and an important provider of public development and climate finance. The session will emphasize the IDFC ‘s key role in financing the transition towards a low-emission and climate-resilient development, not only in terms of financing volume. In a keynote speech, followed by a high-level panel discussion and a Q&A session, the added value and special relevance of the IDFC ́s climate-related work will be discussed, providing guidance for the future work of the Club.IDFC also invites to join the cocktail reception following this side-event.SpeakersPatrick Dlamini, DBSARémy Rioux, AFDYannick Glemarec, GCFJavier Díaz Fajardo, BancoldexDante Mossi, BCIESerge Ekue, BOADChristiane Laibach, KfWModerated by Barbara Buchner

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Understanding and Managing Transition Risk for Development BanksAFD - Agence Française de Développement

3

November

, 9:30 – 11:00Development banks carry a double responsibility: like any financial institutions, they need to develop frameworks to measure and understand their own level of exposure. At the same time they must ensure that their clients and partners are aware of the growing importance of transition risk and accompanied in measuring and managing this risk. This side-event will share experiences in setting-up climate risk frameworks, outline tools and processes to measure transition risk (including the elaboration of stress test exercises) and give examples on challenges and approaches when improving disclosure around climate risks.

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The Role of National Public Development Banks in Financing Green TransitionVEB.RF – State Development Corporation

3 November, 11:30 – 13:00

Public Development Banks (PDB) play a key role in financing green transition of national economies, but the means to this end may differ significantly from country to country.

This roundtable session will discuss different ways of financing green transition in respective economies, the role of PDBs in forming standards for sustainable finance markets as well as the use of national and transnational taxonomies of sustainable finances in the process of financing. Participating PDBs will conduct a thorough exchange of experience and present particular cases of how to better use existing regulatory frameworks and their own developments in fostering sustainable finance market in their respective countries.

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Creating Fiscal Resilience in the Face of Climate Disasters: The West African Approach Kfw

Development Bank,

co-organized

by BOAD- the Western African Development Bank and ARC – African Risk Capacity 3 November, 14:00 – 15:30 West African countries are particularly affected by extreme weather events but have so far struggled to adequately implement climate adaptation measures or build up preparedness and coping capacities for climate disasters. Governments and other actors need financing to help reduce the risks of crises and improve their citizen’s resilience to shocks. Emergency loans may appear to help by providing needy countries with immediate liquidity, but also increase the overall debt burden. In contrast, innovative pre-arranged financing instruments using insurance have the potential to avoid over-indebtedness, prevent hasty budget reallocations and allow governments to maintain services.The following session will discuss innovative financing and insurance instruments, namely shock-resilient loans and macro insurance, provided by the African Risk Capacity that contribute to strengthening the societal and economic resilience of affected countries without creating unsustainable debt.

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Financing W-MSMEs for a Green, Resilient, and Inclusive Recovery in the Central American RegionCABEI – Central American Bank for

Economic

Integration, co-organized by Taiwan ICDF 3 November, 16:00 – 17:30 The economies and societies from the Central American Region have been disrupted not only by the pandemic but also by the latest climate change events. The impacts have been more visible and disproportionate on women and their communities. Women are facing not only inequalities, but also financial and non-financial barriers. These barriers have been present and now have been worsened with the effects of climate change. This side-event will invite leaders from the region and TaiwanICDF to discuss how innovative financial mechanisms can assist the transformation, especially for women-own/led business recoveries after COVID-19, in addition, to react to the climate emergency. It will also cover how financial institutions can encourage women entrepreneurs to start or shift into green and resilient climate-related business and how gender equality in the board room and a more influential role of women can be reached. Finally, CABEI and TaiwanICDF will present their Facility to promote an equitable and sustainable financial inclusion for W-MSMEs.

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Southeast Asia Energy Transition Dialogue: Challenges and Opportunities to a Low Carbon Pathway in the Region

Southeast

Asia Energy Transition Partnership

4 November, 09:00 – 10:00This side event dialogue will deliver a panel dialogue and discussion session on the challenges and opportunities to a low carbon energy system in the Southeast Asia region; and the key role of international support to help the region achieve the ambitious Nationally Determined Contributions targets. It will discuss the most significant and imminent challenges for energy transition, and key innovative takeaways from the global experience to unlock pathways to a low carbon growth future in the region.Speakers Manelle Ait Sahlia, AFDDadan Kusdiana, Ministry of Energy and Mineral Resources, Indonesia Edwin Syahruzad, PT Sarana Multi Infrastruktur William Felix Fuentabella, Department of Energy, the PhilippinesDr. Lloyd Bautista,, Ateneo UniversityPham Quang Huy, Ministry of Industry and Trade, Viet Nam Nhien Ngo, Executive Director of Vietnam Initiative for Energy Transition Simon Rolland, CASEKate Hampton, Children’s Investment FundMarkus Schnall, ETP

Sirpa

Jarvenpaa

, ETP

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How can Development Banks Contribute to Shifting Global Building Investments towards Zero-Carbon? AFD - Agence Française de Développement

4

November

, 10:30 – 11:30 DFIs have an important role to play when it comes to shifting global building investments towards zero carbon and climate resilience. This side event will provide a platform for beneficiaries and development banks to exchange knowledge and disseminate best practices on how to implement green building portfolios.

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Facilitating Energy Transition through Sustainable Finance VEB.RF – State Development Corporation

4 November, 16:30 – 18:00

An urgent need for energy transition is universally recognized as a top priority under the Paris agreement. However, there is no single path towards this goal, as there are very different energy mixes and economic situations among the countries of the world. The biggest problem is how to phase out coal, oil and gas without harming national economies. It is important to determine how PDBs can be useful in this regard.

The participants of this side-event will discuss the role of sustainable finance in promoting energy transition and how PDBs can finance energy transition in their respective countries. Moreover, it will shed light on how traditional sources of energy can be replaced with renewables through PDBs instruments without harming national economies as well as discuss risks and successful models of financing new types of energy.

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Just do it: How to Implement Paris Alignment Successfully – A Practioner’s view from KfW Sustainable Finance Team

KfW Development Bank

5 November, 9:30 – 11:00

This side-event will focus on KfW’s key role as a “transformative bank” for climate finance and provide detailed insights into their way of successfully implementing sector guidelines to ensure Paris Alignment as well as first steps to GHG accounting as a monitoring instrument.

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Just Transition or How to Make the Transition Acceptable Finance for

Tomorrow

5

November, 11:30 – 13:00Until now, the social dimension is far from being sufficiently taken into account in investment decisions. Yet, investors as multilateral development banks are key players in financing a transition to net-zero carbon economies and facilitating private investments for a just transition is essential. There are many ways in which they can –and must –contribute to ensuring that this transition is “just”, and that it works towards reducing social and economic inequalities.Against the background of newly launched “Investors for a Just Transition” coalition by Finance for Tomorrow, this side-event brings the subject of just transition to the international stage, identifies the main areas of engagement and unveils the first academic works allowing new indicators to emerge.Speakers: Nathalie Lhayani, Caisse des DépôtsJean-Jacques Barbéris, AmundiEric Campos, Fondation Grameen Crédit AgricoleModerated by Pauline Becquey, Finance for Tomorrow

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Empowering action through scientific literature: highlights from IPCC 6th Assessment Report and dialogue with youth and PDBs

AFD – Agence Française de Développement

5

November, 13:30 – 15:00In the last IPCC report, the scientific community emphasizes the fact that recent changes in the climate are widespread, intensifying and unprecedented in thousands of years. Human influence has already warmed the climate, and climate change is already affecting every inhabited region across the globe. This report also presents different possible climate futures. According to this report, maintaining global warming at 1.5°C requires radical changes across all socio-economic sectors. Actors of change and mobilization, young people have a decisive role to play to support and accelerate transition to low carbon and resilient economies across the world. Initiatives to empower youth have raised. From 350 Pacific warriors, Fridays for Future to the newly announced Climate Academy led by the City of Paris. This session aims to provide an overview of the last IPCC report and its main conclusions regarding climate change, as well as open a dialogue with youth representatives, PDBs and the City of Paris to exchange on the best practices to support youth empowerment related to climate.

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Facing the Effects of Climate Change and Increasing Resilience in Central America CABEI – Central American Bank for

Economic

Integration5 November, 15:30 – 17:00 The climbing global temperatures are shifting the weather patterns and actions need to be taken. The importance of building strategic alliances to jointly develop new financing schemes and promote projects that help address climate change in the Central American region is CABEI ́s priority. This side event will share insights how the social and economic devastation caused by the pandemic and the climate change events have wrought the financing schemes in CABEI :from innovative financing to co-financing. The Dry Corridor regional initiative proposed to the Green Climate Fund will be presented, as an example of an adaptation project to increase climate resilience in the Central American region.

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AFD - Agence Française de Développement , co-organized by IUCN – International Union for Conservation of Nature 6 November, 9:30 – 11:00

The T4L approach relies on an innovative screening strategy informed by global spatial datasets to overlay ecological risks and opportunities with sectorial impacts in order to map and identify nature-positive transition opportunities at the landscape scale. This side-event will present the framework combining spatial finance with stakeholder involvement to establish diversified, innovative vehicles that can secure and maximize financial performance and attract private sector finance. T4L invests through a ‘buy and build’ approach in selecting large-scale, cash-flow delivering real assets and businesses that unlock change effects at landscape level and build economic and ecological synergies at scale leading to higher asset valuation.

Time for Life (T4L) Approach: From Landscape Analysis to Impacts at Scale

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AFD - Agence Française de Développement , co-organized by IUCN – International Union for Conservation of Nature 6 November, 11:30 – 13:00

Nature-based Solutions (

NbS

) build upon ecosystems in order to meet global challenges, such as climate change. This umbrella concept encompasses existing approaches such as ecological restoration, ecological engineering, ecosystem-based adaptation and mitigation. In order to mainstream the concept, IUCN has developed a standard to facilitate the design, verification and scaling up of NbS. This standard enables Public Development Banks to take biodiversity and ecosystem services into account at the right scale in a territory or a sector and reach interlinked climate and biodiversity objectives. This side-event will present the global Standard for NbS and will focus on case studies from IDFC members to illustrate how it can be used for climate, biodiversity or convergence purposes.Nature-based Solutions Global Standard: A Tool of Convergence

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AFD - Agence Française de Développement6 November, 15:00 - 16:30 While the volume of Climate Finance needs to be ramped up dramatically and for the long haul, barriers to scale up are manifold: inadequate regulatory frameworks, dearth of finance form capital markets or a lack of bankable and standardized green projects. This side-event will identify the most important constraints that hamper the emergence climate finance at large scale and discuss plausible financial structuring that can inspire the launch of new pilot initiatives.

How to Unlock Barriers to Scaling-up Climate Finance for more Transformative Finance

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Conversation Trust Funds as Boosters for Nature Based Solutions: A Case Study of the Legacy Landscapes Fund

KfW Development Bank

6 November, 17:00 – 18.30

Climate change and biodiversity loss cannot be seen separately anymore and exacerbate each other in speed, impact and consequences. Global leaders are pledging more funding and public and private funders are creating strong coalitions to address the climate-biodiversity nexus. But the current reality of public funding is not sufficient in terms of volume, with funding sources remaining in silos and being based on separated budgets for climate or biodiversity. Conservation trust funds (CTF) are one vehicle to strongly boost the application of nature-based solutions globally. CTF like the Legacy Landscapes Fund merge and leverage different funding sources for immediate impact. This discussion between two IFDC members who are contributing to the LLF will highlight the rationale of using CTFs as climate funding instrument. It will also demonstrate that the LLF is an efficient and effective way to get closer to the international climate financing goals. SpeakersBarbara Schnell, KfWGilles Kleitz, AFDStefanie Lang, LLFModerated by Peter Hilliges

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AFD - Agence Française de Développement8 November, 9:30 – 11:00

Since 2017, AFD’s

Adapt’Action

Facility supports implementing the NDCs and speeding up adaptation investments in 15 Partner Countries and Regional Organisations. The session will convene the representatives of the 15 Adapt’Action Partners to share lessons learned. Perspectives will be brought by IDDRI’s Global Adaptation Progress Tracker (GAP-Track) and by the announcement of a second phase of the project.SpeakersFrançois-Xavier Duporge, AFDChristophe Buffet, AFDMme Madeleine Rose Diouf Sarr, DEECShiv Seewoobaduth, Ministry of EnvironmentAndre Magnan, IDDRIAdapt’Action- Lessons Learned and Perspectives

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Climate Change: An Umbrella for Livelihoods in Coastal Marine Areas and Island Territories?CAF –

Banco de Desarrollo de América Latina

8

November, 11:30 – 13:00 This side-event will discover how to understand coastal marine areas and island territories from an integrated multi-sectoral vision where all livelihoods are affected by climate change.

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Implementation and Review of Nationally Determined Contributions: Good Practices and Constraints

BOAD – Banque Ouest Africaine de

Developpement

, co-organized by ECOWAS - Economic Community Of West African States, the WAEMU Commission, CILS - Comité permanent Inter-Etats de Lutte contre la Sécheresse dans le Sahel and IFDD – Institut de la Francophonie pour le Développement Durable 8 November, 14:00 – 15:30 Since COP21 in Paris, regional institutions, such as ECOWAS, UEMOA, CILSS, BOAD and OIF regularly revise and update their efforts on the implementation of the Paris Agreement in the West African sub-region. This side-event will again review the implementation of NDC’s made so far and revise roadmaps, by highlighting good practices as well as sharing experiences and knowledge among countries and regional institutions.

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Catalyzing Green RecoveryCAF –

Banco de Desarrollo de América Latina

8

November, 16:00 – 17:30 This side-event will facilitate the exchange between international experts and national authorities in charge of economic policies in Latin American and Caribbean countries on how to construct a pathway on Green Recovery.

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How are Public Development Banks Increasing their Contribution to the Adaption Goal of the Paris Agreement?

MCI - Mainstream Climate Action

8 November, 17:30 – 19:00

This workshop aims to offer an opportunity to highlight and foster exchanges on emerging best practices of Public Development Banks (PDBs) to increase their alignment with and contribution to the Adaptation Goal of the Paris Agreement.Speakers: Vivian Depoues, I4CEMichael Mullan, OECD Moderated by Ian Cochran

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Gender and Climate Bonding within the Perspective of Development Banking TSKB – Industrial Development Bank

of

Turkey

9 November, 09:30 – 11:00…

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Social and Climate Agendas at Par for a Just Transition? CEB – The Council

of

Europe Development Bank,

co-organized by the Coalition of Social Investment 9 November, 11:30 – 13:00 The social agenda is interlinked with the climate and economic agendas. According to the World Bank, investment in sustainable social infrastructure is critical for climate mitigation and adaptation. The following side-event will make the case for an all-encompassing and integrated approach in which social investments can help achieve more sustainable, resilient and inclusive systems and societies. The session will also present and explore several successful projects and partnerships from the ambitious platform Coalition of Social Investment, jointly led by the Council of Europe Development (CEB) and Agence Française de Développement (AFD) that brings together Public Development Banks and other relevant actors, to promote social investment and help public and private actors do more and better.

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AFD - Agence Française de Développement, co-organized by ADB and OECD/ DCD and OECD - DAC Task Force

9

November

, 14:00 – 15:30 In the climate space, the integration of uncertainty and scenario planning is becoming essential in many areas, from the elaboration of long-term low carbon and climate resilient pathways and corresponding policies, to the integration of climate risks and the design of specific investments that need to cope with a changing climate. This side-event will discuss the relevance of using foresight in the area of climate finance, with concrete illustrations from development finance practitioners and policy makers, showing the benefits and challenges of integrating uncertainties and implementing anticipatory approaches. It will also exchange on the need for collaboration to improve decision-making under uncertainty. Making Climate Finance in an Uncertain World

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Assessing Company Transition with the Deep Decarbonization Pathways in Brazil and Mexico

AFD - Agence Française de Développement ,

co-organized

by IDDRI - Institut du Développement Durable et des Relations Internationales  and ADEME - Agency for Environment and Energy Management.  9 November, 16:00 – 17:30 The Paris Agreement enacted two complementary dynamics for an ambitious action on climate. On the one hand, the mitigation and adaptation commitments as well as the policies deployed fall to the national governments, who bear the responsibility to submit their national contributions to the global effort. On the other hand, non-state actors, notably private companies, have significantly contributed to the construction of a favorable dynamic, and were officially recognized for the first time within the framework of international negotiations. These dynamics remain, however, too disconnected at this stage, and there is presently no device to support a constructive dialogue between governments and private companies.The following side-event aims at enhancing the collective ambition of reducing greenhouse gases (GHG) emissions in emerging economies, showcasing the sectoral roadmaps and strategies for decarbonization for companies and promoting the virtual cycle between more ambitious commitments set by the states and strategies of private companies.SpeakersStephanie Bouzigues-Eschmann, Fonds Français pour l'Environnement MondialSébastien Treyer, IDDRI Emilio Lebre La Rovere, Federal University of Rio de Janeiro Daniel Buira, Tempus Analitica Amir Sokolowski, CDP

Romain

Poivet

, ADEME International

Moderated by Yann Briand and Fernanda

Coletti

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Catalyzing Climate Action in CitiesCAF –

Banco de Desarrollo de América Latina

9

November, 17:30 – 19:00 This event will highlight the different actions and opportunities for cities to transform into integral low-carbon and climate change resilient territories.

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The Role of DFIs in Mobilizing Resources to a Net-Zero ObjectiveBNDES -

 Banco Nacional de Desenvolvimento Econômico e Social, co-organized by ABDE -

Associação

Brasileira de Desenvolvimento10 November, 09:30 – 11:00 How to finance transition to a low-emission economy and a new development model? Around the world Development Finance Institutions play a prominent and strategic role in this agenda. In addition to using their own resources, they are able to attract international resources already allocated to this purpose,

either

by

partnering

with

multilateral

organizations

or

fundraising

instruments

such

as

issuing

sustainable

bonds.

This

side

event

discusses

the

role

of a National Development System to

mobilize

and direct

resources

from

different

sources to

reach

a net-

zero

objective.

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Managing Water Challenges in the Developing Economy: A DFI ApproachDBSA - Development Bank

of

Southern Africa

10 November, 11:30 – 13:00 South Africa is ranked as of the driest countries the world, a situation exacerbated by insufficient water infrastructure maintenance and investment, frequent droughts and unequal access to safe and reliable water and sanitation. The following side-event will discuss innovative solutions for the region that DFIs and partners can undertake to prevent catastrophic water problems. Topics will include programmatic approaches to improve water conservation, quality and water-use efficiency; the role of public and private sector partners in crowding in funding for water projects as well as tangible solutions for different stakeholders such as municipalities in the water sector.

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AFD - Agence Française de Développement , co-organized by IDDRI10 November, 14:00 – 15:30

Development banks have a major role to play in

catalysing

and redirecting global public and private investment in support of transitions towards low-carbon and climate-resilient development. For this purpose, establishing long-term low emission and climate-resilient development strategies (LTS) is a useful tool to mobilize increased and sustained financial flows. Yet, there is a lack of information on what the scope and format of an LTS should be, leading to a low countries’ engagement towards LTS.Making LTS a reality requires increased support from governments and development banks, and wider knowledge sharing around country experiences on how to shape and implement an LTS. The event will draw some lessons from various countries currently engaged in a LTS process supported by the 2050 Facility, bringing together representatives of governments, development banks, think tanks, international organizations and NGOs. Supporting Long-term Strategies: Lessons and Implications for Development Banks

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G20 Financing the Global Commons for Pandemic Preparedness and Response AFD - Agence Française de Développement ,

co-organized

by Center for Global Development

10 November, 16:00 – 17:30 COVID-19 will likely be a forerunner of future catastrophic pandemics, fueled by global warming and biodiversity losses, unless significant new investments and reforms are urgently made to bolster capacities and resilient adaptative systems for pandemic preparedness and rapid response. This session will present the conclusions and recommendations of the G20 High Level Independent panel on financing the global commons for pandemic preparedness and control, highlighting the interconnectedness of the pandemic preparedness and the climate change agenda, including the panels’ calls to:make the global investments and reforms that are critically needed to head off future pandemics -and other health consequences of climate change-, which threaten to be more frequent and increasingly dangerous. Increase public funding in international financing of at least US$75 billion over the next five years, or US$15 billion per year, to plug major gaps in pandemic prevention and preparedness ― at least doubling current spending levels. The four pressing preparedness gaps identified by the Panel are: infectious disease surveillance, resilience of national health systems, global capacity to supply and deliver vaccines and other medical countermeasures, and global governance. Future pandemic risks can be substantially reduced if these gaps are addressed. Create a new Global Health Threats Board, which would bring together Finance and Health Ministers and International Organizations to provide systemic financial oversight and ensure timely and effective resourcing and coordination of international efforts to mitigate pandemic threats.The outcome of the session is increased clarity on the need for global action to invest in the global health commons as a core adaptation strategy

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E-Mobility and Low Carbon TransportationCAF –

Banco de Desarrollo de América Latina

10

November, 17:30 – 19:00 This side event will analyze the major barriers faced by Panama, Paraguay and Uruguay for a large-scale transition towards electro-mobility and discusses the technical and financial mechanism foreseen in the E-Mobility and Low Carbon Transportation program.

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How can Public Development Banks reinforce their role in financing the climate transition in cities?IDFC, AFD – Agence Française de Développement AFD, FMDV

11

November

, 09:30 – 11:00Unlocking climate financing at the subnational level is a prerequisite to achieve the Paris agreement goals as Cities are key game changers in the transition to net zero emissions. A total of USD 90,000 billion is needed by 2030 to bridge the urban infrastructure investment gap to mitigate global warming to 2°C. However, less than 10% of international climate finance is currently allocated to local investments. In order to bridge this financial gap, Public Development Banks have a unique role to play thanks to their public mandate: they are owned, controlled or supported by governments;they execute a public, development-oriented mandate, addressing market inconsistencies;they benefit from independent legal status and financial autonomy. Through the Joint declaration signed by all public development banks in the world at the Finance in Common Summit, they commit to collectively contribute to the achievement of the objectives of the Paris Agreement while responding to the Covid-19 crisis and the necessary recovery plans.This side event organised by IDFC, AFD and FMDV aims at showcasing inspiring experiences and solutions developed by Public Development Banks gathered in the International Development Finance Club – IDFC and their partners to finance climate resilient cities.

Slide39

What are the levers to boost financing of the energy transition and resilience in Africa?

Climate Change

11 November, 11:30 – 13:00

Climate Chance proposes to bring together African Public Development Banks with organizations active at the territorial level in Africa, in order to try to identify the levers that would make it possible to accelerate the financing of energy transition and resilience in Africa.The African continent has the highest urban growth in the world which leads to extremely high funding needs for climate-friendly infrastructure, particularly in secondary cities, but also for nature-based solutions to strengthen the adaptation and resilience of cities to climate change. How can we achieve a combination of economic growth, the fight against climate change and the preservation of biodiversity in Africa? What financing strategies and instruments for the climate transition of cities in Africa? What support mechanisms for local authorities to organize and implement for their climate transition, on project preparation, training, and other specific mechanisms?Speakers Romain Crouzet, Climate Change AssociationLiane Schalatek, Heinrich-Böll StiftungAl Hamdou Dorsouma, African Development Bank Pa Ousman Jarju, Green Climate FundAurélio Menendez, World Bank Madeleine Diouf, DEECFrancois Xavier Duporge, AFDZenabou Segda, WEP BurkinaBernard Soulage, Secretary General of CCA

Slide40

Operationalizing Paris Alignment: Public Development BanksIDFC, co-organized by German Watch, New Climate, I4CE and WRI

AFD

11

November, 13:30 – 15:00 Aligning financial flows with the Paris Agreement is becoming the new standard for the financial community, building on continuous commitments from Public Development Banks such as the IDFC and Member Development Banks in 2017, private banks and international institutions such as UNEP and OECD. On the road to a full operationalization, this side event will provide the opportunity to report on progress made so far, good practices, and challenges remaining. It will also be the occasion to present the latest operationalization framework published by think tanks I4CE and NCI, discuss the challenging topic of alignment of financial intermediaries as well as present good practices in terms of reporting. Finally, this side event will highlight the contribution that Public Development Banks presented during the second edition of the FIC Summit in October 2021 and how they intend to support successful outcomes at COP26.SpeakersAlice Pauthier, I4CEAki Kachi, NewClimate Institute

Slide41

Paris Alignment Technical Workshop: Assessing the Alignment of Financial IntermediariesMCI - Mainstream Climate Action

11 November, 17:00 – 19:30

Over the last five years, the Climate Action in Financial Institutions Initiative has fostered peer-to-peer exchanges between professionals from both public and private financial institutions to operationalize their commitments to align with the Paris Agreement objectives and manage climate-related risks.

This expert workshop will bring together members of the Climate Action in Financial Institutions Initiative in partnership with the International Development Finance Club (IDFC) and the group of Multilateral Development Banks (MDBs) as well as other financial institutions. It provides an opportunity to foster technical exchanges on the different approaches to assess the alignment of financial intermediaries and gives the group of Multilateral Development Banks the possibility to share latest developments in assessment approaches and present and discuss concrete examples.

Slide42

The Amazon: Integrated Actions for Sustainable DevelopmentBNDES -

 Banco Nacional de Desenvolvimento Econômico e Social

12

November, 11:30 – 13:00 Outstretched across 9 countries in South America, the Amazon biome is a region distinguished by superlatives, yet posing various social and environmental challenges. Joint actions are needed to reconcile development and quality of life while reducing pressure on the environment. Dialogue among financial institutions, including regional, countries of the region and state and local governments will bring important insights to coordinate agendas and find synergies. This side event discusses the various, multi-layered challenges present in the region and raises awareness about the need to work together in partnerships and integrated actions to reduce deforestation and achieve a sustainable development in the region.

Slide43

IDFC – International Development Finance Club

12

November

, 14:00 – 15:30The IDFC GCF Readiness Project has the dual objective of (1) building the capacity of Direct Access Applicants and Accredited Entities amongst the members of the IDFC to make them fit for GCF co-funding, and (2) establishing strategic frameworks for guiding and developing climate-related project pipelines.In the first part of this internal session, we will share an update on the progress of implementation so far as well as an open exchange between the Project Management Team (PMT) and the IDFC participants. Part two of the event will allow to jointly identify ideas for GCF concept notes, which may also be considered for the two multi-country concept notes to be developed as part of the IDFC GCF Readiness Project.This session is an internal event mainly addressed to IDFC DAEs benefitting from the project, however it is open to all IDFC members.IDFC GFC Readiness Project – State of Play and Next Steps

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AFD - Agence Française de Développement, co-organized by IDB – Inter-American Development Bank 12

November

, 16:00 – 17:30

This side event will debate various topics from tagging of public investments to issuing green bonds, such as how Ministries of Finance can be supported towards green fiscal transition, which fiscal incentives can be created and which tools can implemented into the fiscal frameworks that incorporate environmental and climate dimension.Green Budgeting, Fiscal Incentives and Green Bonds