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Climate Change Policy and Practice
Second UN Framework Convention on Climate Change (UNFCCC) Workshop on Long-term Finance

1-3 October 2012 | Cape Town, South Africa
Daily web coverage (click on the following links to see our daily web pages)
 
Highlights for Tuesday, 2 October 2012

On the second day of the Second Workshop on Long-term Finance, held in Cape Town, South Africa, participants engaged in a session on enhancing enabling conditions (policies and instruments). They heard a presentation by Amal-Lee Amin, Third Generation Environmentalism (E3G), who provided an overview of: available policy instruments to mobilize climate finance; current barriers to catalyzing investments; and the role of public policy finance in mobilizing scaled-up investment. She emphasized the importance of: engaging stakeholders; setting a clear, long-term and coherent policy; providing price signals to incentivize the deployment of low-carbon investments; creating markets to realize the benefits of green growth; and facilitating cross-ministerial coordination.

Three breakout groups then convened in the morning to address: policies and instruments that have the potential to contribute to mobilizing, scaling up and catalyzing new and additional climate finance over the short, medium and long term; and the potential role of the UNFCCC in fostering these policies and policy instruments.

In the afternoon, participants engaged in a session on enhancing enabling conditions (delivery and access) and heard two presentations. Josué Tanaka, European Bank for Reconstruction and Development (EBRD), described the growth of the EBRD’s activities since the launch of the Sustainable Energy Initiative (SEI) in 2006, highlighting that activities include industrial energy efficiency investments, sustainable energy financing facilities, power sector and municipal infrastructure energy efficiency, and renewable energy project financing.

Mafalda Duarte, African Development Bank, presented on long-term finance in Africa, highlighting a concentrated solar project (CSP) in Morocco. She explained that Morocco’s solar agency will receive concessional financing and grants for the project and a large subsidy would be required to cover incremental costs.

Three breakout groups then convened to: explore design elements of international climate finance architecture that exhibit scalability and replicable features for current and future climate actions/funds; and discuss the potential role that the UNFCCC can play in creating a more conducive enabling environment.

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Room view during the morning session
Session II: Enhancing Enabling Conditions: Policies and Instruments
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Co-Chair Zaheer Fakir, South Africa
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Co-Chair Georg Børsting, Norway
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Amal-Lee Amin, E3G, presented on policy instruments to mobilize finance
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Co-Chair Zaheer Fakir, South Africa; Co-Chair Georg Børsting, Norway
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Bernarditas Muller, the Philippines, during the Q&A session
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Monica Araya, Costa Rica, during the discussions
David Kaluba, Zambia
Luis Gonzales, Chile
Pak Sum Low, Universiti Kebangsaan Malaysia (UKM)
Participants networking during the coffee break
Morning breakout groups
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Breakout group facilitated by Athena Ronquillo-Ballesteros, World Resources Institute
Monica Araya, Costa Rica
Suzanty Sitorus, Indonesia
Facilitator Athena Ronquillo-Ballesteros, World Resources Institute
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Breakout group facilitated by Gregory Andrews, Australia
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Facilitator Gregory Andrews, Australia
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Ulf Moslener, UNEP
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Isabel Cavelier Adarve, Colombia
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Fernando Perdigão, Brazil
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Participants indicated which issues addressed in the breakout group they deemed most important.
 
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Breakout group facilitated by Pak Sum Low, UKM.
Bernarditas Muller, the Philippines
Pak Sum Low, UKM
Stefan Marco Schwager, Switzerland
Session III: Enhancing Enabling Conditions: Delivery and Access
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From L-R: Co-Chair Georg Børsting, Norway; Mafalda Duarte, African Development Bank; Josué Tanaka, European Bank for Reconstruction and Development (EBRD); and Co-Chair Zaheer Fakir, South Africa
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Participants heard a presentation on EBRD's activities carried out under the Sustainable Energy Initiative (SEI), which have led to estimated annual reductions of 46.7 million tonnes of carbon dioxide equivalent from 2006-2011.
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Josué Tanaka, EBRD, highlighted various features of EBRD’s climate finance activities, including: work with over 70 commercial banks; the limited role of equity; the fundamental role of technical cooperation; and the involvement of a wide range of actors.
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Mafalda Duarte, African Development Bank
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Mafalda Duarte, AfDB, highlighted a concentrated solar project (CSP) in Morocco and the complexities of undertaking such a project.
Afternoon breakout groups
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Cristina Colon, UNDP, facilitated the discussions in one of the breakout groups.
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Participants underscored the importance of ensuring effectiveness of projects and empowering local financial institutions.
 
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Jukka Uosukainen, Finland, facilitated the discussion in the second group.
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Participants addressed leading practices in delivery and access, and absorptive capacity.
 
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Smita Nakhooda, Overseas Development Institute, facilitated the discussions in one of the breakout groups.
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Participants explored the elements within the climate finance architecture that have the potential to contribute to mobilizing new and additional climate finance over time.
 
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Related Links
UNFCCC resources
*Workshop website and presentations
*Provisional programme for the Workshop
*Long-term Finance website
*First workshop on long-term finance website and documents, 9-11 July 2012, Bonn, Germany

IISD RS resources
*IISD RS coverage of the Bangkok Climate Change Conference - August 2012, 30 August - 5 September 2012, Bangkok, Thailand
*IISD RS coverage of the Bonn Climate Change Conference - May 2012, 14-25 May 2012, Bonn, Germany
*IISD RS coverage of Selected Side Events at the Bonn Climate Change Conference - May 2012, 14-25 May 2012, Bonn, Germany
*IISD RS coverage of the Fifth Global Business Day, 5 December 2011, Durban, South Africa
*IISD RS coverage of Mountain Day, 4 December 2011, Durban, South Africa
*IISD RS coverage of Forest Day 5, 4 December 2011, Durban, South Africa
*IISD RS coverage of Oceans Day at Durban, 3 December 2011, Durban, South Africa
*IISD RS coverage of Development and Climate Days at COP 17, 3-4 December 2011, Durban, South Africa
*IISD RS coverage of the Durban Climate Change Conference - November 2011, 28 November - 11 December 2011, Durban, South Africa
*IISD RS coverage of Selected Side Events at the Durban Climate Change Conference - November 2011, 28 November - 9 December 2011, Durban, South Africa
*IISD RS Briefing Note of the Fourth meeting of the Transitional Committee for the Design of the Green Climate Fund (GCF), 16-18 October 2011, Cape Town, South Africa
*IISD RS coverage of the UN Climate Change Conference October 2011, 1-7 October 2011, Panama City, Panama
*IISD RS coverage of the UN Climate Change Conference June 2011, 6-17 June 2011, Bonn, Germany
*IISD RS coverage of the UN Climate Change Conference Bangkok - April 2011, 3-8 April 2011, UN Conference Centre (UNCC), Bangkok, Thailand
*IISD RS coverage of the Cancún Climate Change Conference, 29 November - 11 December 2010, Cancún, Mexico
*IISD RS coverage of Selected Side Events at the Cancún Climate Change Conference, 29 November - 10 December 2010, Cancún, Mexico
*IISD RS archive of meetings on climate change, and backgrounder
*Climate-L - A mailing list for news on climate change policy
*Climate Change Policy & Practice - A Knowledgebase of UN and Intergovernmental Activities Addressing Global Climate Change Policy
*Sustainable Energy Policy & Practice - A Knowledgebase of Sustainable Energy Activities
*Sustainable Development Policy & Practice - A Knowledgebase of International Activities Preparing for the UN Conference on Sustainable Development
*SIDS Policy and Practice - A Knowledgebase on the Sustainable Development of Small Island Developing States
*Biodiversity Policy & Practice - A Knowledgebase of UN and Intergovernmental Activities Addressing International Biodiversity Policy
*Linkages Update - Bi-weekly international environment and sustainable development news
*African Regional Coverage
*Latin America and Caribbean Regional Coverage
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