leds global partnership annual event finance plenary 27 august 2014 bethany speer
TRANSCRIPT
LEDS GLOBAL PARTNERSHIP
Annual Event
Finance Plenary
27 August 2014
Bethany Speer
www.ledsgp.org
WORKING GROUP ACTIVITIES
Working Group MembersSecretariat: Ari Huhtala (CDKN) and Bethany Speer (NREL)
Leads Organizations: CDKN, E3G, NREL/JISEA, ODI, UNDP
Sampling of Members: Bajo en Carbono, Bangladesh
Department of Energy, Brazil Ministerio do Meio Ambiente,
Cambodia Climate Change Dept., CCAP, CDKN, CSTEP, CTI-
PFAN, Danish Energy Agency, E3G, ECN, Ecofys, EMBARQ
India, GIZ, ICF International, IFC, Indonesia State Ministry of
Development Planning, International Resources Group, Lycos,
Ministry of Foreign Affairs of Denmark, Nexant, NREL, Thailand
National Economic and Social Development Board, U.S. Dept. of
State, U.S. DOE, UNDP, UNEP, UNEP-Risoe, University of
Delaware, USAID, Vietnam MPI, WEF, Worldwatch Institute,
WRI
ActivitiesNo-Cost Virtual Technical Assistance Provided by a network of finance experts to all developing countries to…
• Review and advise on financing strategies and policies • Compile information on financing, investment, and funding
options • Match-make with finance, investment and funding sources
• Example: Working with Mauritius to understand options for transitioning from a generous solar hot water grant program to a more sustainably funded incentive; Turkmenistan
Submit requests at: http://ledsgp.org/assistance/finance
Additional Activities
National Finance Strategies, Inventory of LEDS Services and Activities, Case Studies, Peer Exchange Webinars and Workshops, Identifying Partnership Opportunities
Join the working group!
The working group is open to all LEDS finance
practitioners and country teams.
Become a member to:• Learn about other organizations’ work on LEDS finance
and investment, including upcoming events and recent
publications• Collaborate on LEDS funding, finance, and investment
related activities• Build connections with other climate and LEDS finance
experts
Email: [email protected]
FINANCE FRAMEWORKIntroductory Summary
Purpose
Share the current challenges that countries
have identified in the context of resource
mobilization
Present initial options for mobilizing LEDS and a
diagnostic tool to support countries with navigating
such challenges
Suggest key approaches that can be undertaken
over time to mobilize finance for LEDS actions
Provide a foundation for further dialogue
Audience and Intent• Primary audience: practitioners supporting LEDS, both
those who are early and later in the process• Based on a synthesis of lessons learned and expertise
from a variety of programs, services, and research efforts • A living document that will be reviewed and updated
semi-annually or annually; First phase completed in Oct 2014; Second phase next year.
• Intended as a guide only and should be applied and adapted based on the country context, priorities, and implementation phase
• Contributors thus far: GGBP, E3G, ODI, LEDS GP.
• Seeking additional authors!
Overarching Challenges1. National inconsistences in public finance with
incentives and instruments at times negating efforts to advance LEDS
2. Gaps in capabilities of the domestic financial sector, impacting their ability to participate with the public sector in financing LEDS
3. Fragmented and poorly coordinated international cooperation efforts
Have you encountered other high-level challenges not recorded here?
Public Sector RoleGovernment leadership of the “homework” effort, can include identifying:
1) National priorities
2) Specific resources needs
3) Analysis of barriers to mobilize private investment and strategies to overcome risks and create increased rates of return
4) Domestic capacity to finance its plans
5) The role required from international development partners
Public Sector Role
INCREASING IMMEDIATE AND LONG-TERM
INVESTMENT
ENABLING POLICY
FRAMEWORK Regulations,
standards, clear price signals
GOVERNMENT FINANCIAL
INSTRUMENTS Grants,
guarantees, concessional loans
PUBLIC BUDGET SUPPORT
Procurement, public-private partnerships,
Budget allocation
MOBILIZED LEDS WITH REDUCED EMISSIONS AND ENHANCED CLIMATE RESILIENCE
LEDS POLICIES, PROGRAMS, and PROJECTS
Climate change strategies, green growth strategies, sectoral initiatives, low emission and /or climate resilient technology oriented policies
Private Sector Role• Support the LEDS planning phase by contributing to
stakeholder consultations in which governments seek to better understand the current barriers that could impede investment in LEDS technologies.
And of course, create
new businesses, invest
and finance!
Private Sector Informed Approach to Implementing LEDS
Identification of risks
Policy actions
Challenges to policy
uptake
What other key actions can the private sector support?
International Development and Finance Communities’ Roles
Technical assistance
Capacity building
Knowledge sharing
Applying the Framework• How can this framework be applied?• Would there be value in further developing regional
case studies? • Is it helpful to have a common slide deck on the
finance framework and make it available to structure future training?
• Would there be value to countries in the LEDS GP and regional platforms supporting a matchmaking role between countries and finance/funding and finance technical assistance providers?
PART 2 OF THE PLENARYAmal-Lee to present on strategic approaches