The EBRD at COP24

  • 02 - 14 Dec 2018
  • Katowice, Poland
  • UN Climate Change Conference
The EBRD at COP24

The pioneering role of the European Bank for Reconstruction and Development (EBRD) in promoting climate finance and green investments across three continents will be on display at the United Nations Climate Change Conference, COP24, in Katowice, Poland, from 2-14 December.

This year the EBRD will engage with representatives of the public and private sectors to present its unique business model for addressing the global challenge of climate change. Bank representatives will take part in several events focused on climate finance, climate mitigation and adaptation investments and policy dialogue to help countries move towards low-carbon resilient pathways.

The EBRD will also hold sessions about tracking and reporting climate finance, about its work on disclosing physical climate risks and opportunities, its technology transfer programme and on EBRD Green Cities, a programme that helps cities identify, prioritise and connect their environmental challenges with sustainable infrastructure investments and policy dialogue. 

Since 2006, the EBRD has invested over €28 billion in more than 1,500 projects that are helping to reduce CO2 emissions, by 93 million tonnes per year. And under its Green Economy Transition approach, the EBRD aims to double the pace of its climate financing by 2020.

Register


Date: 04 December 

Time: 15:00-16:00

Location:  COP 24, MDB pavilion.

EBRD commissioned CE Delft and Fraunhofer to develop a methodology and calculation tool for ex-ante assessment of investment projects in the logistics sector, that is consistent with the leading MRV methodologies. The transition to a low-carbon economy will require environmentally friendly financing activity across the markets, and therefore appropriate monitoring instruments.

With the tool the impact of individual infrastructure projects can be assessed. The methodology takes account of (if occurring):

  • GHG emission of traffic diversion
  • GHG emission of traffic inducement
  • GHG emission of infrastructure construction

The methodology and tool presentation are publicly available, the Excel tool and its manual are available upon request.

Agenda:

Welcome by moderator (5 mins, Carel Cronenberg)

  • Housekeeping and introduction, why accurate GHG accounting is important
  • GHG accounting in transport sector
  • Invites speaker to the stage.

Introduction by sector specialist (10 mins, Philip Good)

  • How transport sector is needs to change against the background of the Paris Agreement
  • The importance of sustainable transport for the EBRD and how this is embedded in the EBRDs Green Economy approach
  • The importance of freight transport

Presentation of the tool (30 mins, Oleg Bulanyi)

  • Demonstration of a  tool for ex-ante GHG emissions accounting of logistics investment projects that can be consistently applied as part of the overall investment project evaluation process.
  • Analysis of EBRD projects with the tool and scenario analysis
  • The user guidance (manual).

Moderated discussion (15 mins, Carel Cronenberg)

Date: 06 December 

Time: 15:30- 17:00

Location: IETA pavilion, COP24, Katowice, Poland

The event will feature the latest instruments and mechanisms that are available within the Finance and Technology Transfer Centre for Climate Change of the EBRD. Attendees will be able to learn about the Global Technology Selector, a robust tool developed by the EBRD to support deployment of advanced climate technologies in the context of Green Economy Finance Facilities. In the second part, in conversation with Climate-KIC, the Climate Innovations Vouchers schemes implemented by the EBRD in Serbia and Ukraine will be presented.

Moderator: Gianpiero Nacci, Associate Director, Climate Change and Energy Efficiency Team

Presenters:

·         Ksenia Brockmann, Associate Director, EBRD

·         Roman Zinchenko, Co-founder, Greencubator

·         Representatives from innovative companies awarded through the Innovation Voucher Schemes

Special participation:  Dirk Forrister, President and CEO of IETA, who will be awarding some companies with Innovation Vouchers.

Date: 06 December 

Time: 11:30-13:00

Location: Joint MDB Pavilion, COP24, Katowice, Poland

This event will feature different support mechanisms and instruments for climate financing and discuss the contexts in which each of them are most suited. The EBRD will share its experience in supporting market development, readiness of local banks to provide climate financing and will explain how to use this information to structure its finance. Questions will be addressed to financial institutions to explore opportunities to partner and scale-up climate financing. 
 
How can Climate Funds and MDBs support commercial banks?
What is the experience of the GCF with other institutions? 
Why are the private sector investments and commercial banks important in delivering climate action? How can we foster collaboration with the private sector? 
What are the upcoming regulations? What barriers need to be removed for further up-scale of climate financing?
What are the products and services (impact loans) ready for scaling-up? 
 
Moderator
EBRD, Terry McCallion, Director, Head of Energy Efficiency and Climate Change
 
Keynote
GCF / PSF, Leo Hyoungkun Park, Financial Institutions Senior Specialist
What can the Climate Fund do for leveraging private sector climate finance?  
 
Panel Discussion
Brief introduction from each panellist, 5 minutes.
 
The panel discussion will be structured in two rounds of questions for each panellist, 5 minutes for each question. 
 
CMIA, Margaret-Ann Splawn, Executive Director
EBRD, Ksenia Brockmann, Associate Director, Lead Green Economy Financing Facilities 
Intermediated products, Technology selector, GEFFs, TFP 

Date: 08 December 

Time: 15:00-16:30

Location: Joint MDB Pavilion, COP24, Katowice, Poland

The multilateral development banks envision a cooperative approach in the development of the emerging Article 6 marketplace, building on a strong track record of supporting the development of market-based mechanisms. Climate finance will play a key role in the transition to sustainable development, and mobilizing additional sources of funding such as from the private-sector is necessary to accelerate this transition and achieve transformational change. The MDBs are fostering innovations to increase levels of confidence and reduce transaction costs in market-based approaches to climate action. Approaches include piloting the infrastructure for comparability and transfer of assets under Article 6, developing climate finance structures that align concessional finance with carbon pricing schemes, and enhancing carbon price value through co-benefit consideration. Non-market mechanisms are also being pursued to stimulate private-sector investment in adaptation.
 
Event Agenda
 
Opening remarks
  •  Adrien de Bassompierre, Senior Climate Change Specialist, EIB Presentations (30 min + 10 min Q+A)
  •  Kelley Kizzier, Climate Negotiator, (TBC)
  •  Alex Hanafi, Director, Multilateral Climate Strategy and Lead Counsel, Environmental Defense Fund
  •  Jonathan Shopley, Managing Director, Natural Capital Partners Panel discussion (35 min + 10 min Q+A)
Moderator:
  • Jan-Willem van de Ven, Head of Climate Finance and Carbon Markets, EBRD
Panel speakers:
  • V.K. Duggal, Principal Climate Change Specialist, Sustainable Development and Climate Change, ADB
  • Gareth Phillips, Manager, Climate and Environmental Finance, AfDB
  • Adrien de Bassompierre, Senior Climate Change Specialist, EIB
  • Daniel Besley, Senior Climate Change Specialist, Carbon Markets and Innovation, World Bank Concluding remarks
  • Jan-Willem van de Ven, Head of Climate Finance and Carbon Markets, EBRD

 

Date: 11 December

Time: 11:00- 12:30

Organiser: EBRD, Grantham Research Institute at the London School of Economics (LSE)

Many Governments and companies are contributing to the Paris Agreement by advancing their green economy transition agendas and delivering ambitious investment plans in renewable energy, energy efficiency and other types of low-carbon assets and related services. The green economy transition has the strong potential to bring economic prosperity and high quality jobs, and to pave the way for a sustainable future for present as well as future generations. However, it could entail short term –and sometimes intense- adverse impacts on certain kinds of jobs and assets, often labelled as “stranded assets” and “stranded labour”. These could be locally and nationally concentrated in fossil-fuel rich countries. The challenge is to anticipate these and introduce strategies that support inclusive green growth.

The objective of the session is to discuss the extent of the challenge and possible routes to overcome it, focusing on the role that financial institutions can play. It will combine corporate and political views, and comment on the degree of awareness/action plans of institutional and multilateral investors. Some pilot initiatives will be shown.

For further background see the EBRD paper on the “Fiscal implications for Kazakhstan of a transition to a global greener economy” and the LSE paper “Investing in a Just Transition” for background reading.

Time

Session

10.30

Networking coffee outside IETA/WBCSD Business Pavilion

11.00

Keynote speech:

Lord Nicholas Stern, I.G. Patel Professor of Economics and Government LSE, Former Chief Economist of the EBRD and of the World Bank

11.20

Panel discussion:

Moderator: Nina Chestney, Head of EMEA Power, Gas, Coal and Carbon at Reuters

Respondents:

  • Daniele Agostini, Head of Low Carbon and Energy Strategies at ENEL
  • Kazimierz Karolczak, President of Silesia Metropolis
  • Nick Robins, Professor in Practice for Sustainable Finance at the London School of Economics, LSE
  • Mattia Romani, Managing Director of Economics, Policy and Governance Group at the European Bank  for Reconstruction and Development, EBRD
  • Alison Tate, Director of Economics and Social Policy at the International Trade Union Confederation, ITUC

12.20

Summary and conclusions:

Nina Chestney

 

Date: 12 December 

Time: 10:30-11:30

Location: UNFCCC Joint-MDB Pavilion

Ukraine has recently launched its work to update is Nationally Determined Contribution (NDC) together with the EBRD. At this side-event, the EBRD will open the session, explaining the importance of EBRD’s relations with Ukraine and its NDC and how it is supporting to further develop and implement NDCs of its countries of operations.

The Ministry of Ecology will be present to share the experiences of developing climate policies in Ukraine, as well as the member(s) of the National Parliament to explain the importance of political will and the role of high-level government officials in this process. Local experts of the Institute of Economic Forecasting, National Academy for Sciences (IEF) will be leading the project, and will explain what the process and key components of NDC will be.

The NDC Partnership Support Unit will provide an overview of the international progress on delivering NDCs and its current status and the role that the NDC Partnership plays to support these efforts. There will be a Q&A session for the audience to ask questions to the panellists.

Date: 12 December

Time: 10:30 – 12:00

Location: Katowice, Poland, EU Pavilion at COP24

Organiser: EBRD, AFD, IDB, Climate Action in Financial Institutions

The event will look into the experience of developing a definition of climate finance and the reporting of such flows. Based on this growing body of experience, the theme now moves to risk disclosure, and using this information to create investment opportunities.

Panel 1:  Experience of tracking and disclosing climate finance flows

The first panel will first show the rationale of climate finance tracking. It will then further discuss the extensive experiences in developing methodologies for capturing and disclosing climate finance. Speakers from the Multilateral development banks (MDB) climate finance reporting initiative and the International Development Finance Club (IDFC) will share insights on taxonomy development, setting-up tracking systems and the definition of targets for climate finance.

Panellists:

EBRD, Carel Cronenberg, Associate Director, Lead Monitoring, Reporting and Verification

Islamic Development Bank, Ahmed Al Qabany, Manager, Climate Change Division

MIGA, Amarilis Beltrán Netwall, Environmental and Social Specialist

CAF, Mr. Julian Suarez, VP of Sustainable Development (confirmed)

Moderator: OECD 

Panel 2: Moving forward on the disclosure of climate-related risks and opportunities

There is an emerging need for disclosing information about climate-related risks and opportunities associated with financing operations. The TCFD recommendations on climate-related financial disclosures are already transforming the way that financial markets respond to climate change. These are being incorporated into regulatory frameworks such as France’s Article 173 and the EU Sustainable Finance Approach, and are being considered by financial regulators from around the world under the Network for Greening the Financial System. The panel will highlight the efforts of different organizations in assessing and disclosing climate-related risks and opportunities – associated with both carbon transition and physical climate – in their financing operations.

EBRD, Craig Davies, Associate Director, Head of Climate Resilience Investments

IDB, Claudio Alatorre, Lead climate change specialist

AFD, Camille LAURENS-VILLAIN, Risk Department (confirmed)

SEB, Marie Baumgarts, Head of Sustainability (confirmed)

Bank of America, Abyd Karmali

 

Date: 12 December
 
Time: 18:30 – 20:00
 
Location: Katowice, Poland, UNFCCC Side Event Room Warmia
 
Organiser: EBRD, hosted by Hungary and Joanneum Research
In 2018 the EU has approved its Member State-level non-ETS targets until 2030. A key compliance mechanism for these targets is the trading of “annual emission allocations” (AEAs) between Member States. Although AEA trading is possible since 2012, very few transactions have happened so far. AEA trading is promising to become much more important in the 2020-2030 period, however. 
 
The side event will discuss the implications of AEA transactions for Member States. A special focus will be placed on the ESR-GIS project funded by EBRD which is developing guidelines for Member States that shall assist them in making trading decisions and thus foster the development of a functioning market.
 

               18:30-18:40    Welcome Barbara Botos, Deputy Secretary of State, Ministry of Innovation and Technology, Hungary 
18:40- 18:50 Introduction to the ESRGIS project Jan-Willem van de Ven, EBRD 
18:50-19:05 Guidelines for Member States on Trading under Effort Sharing István Bart, Climate Strategy 2050 Institute 
19:05-19:20

Expected supply and demand under Effort Sharing Regulation

Jakob Graichen 
19:20-19:50 Member States’ Panel on the ESR market Moderator: Wolfgang Diernhofer, Kommunalkredit Public Consulting
19:50-20:00 Q and A, Discussion with the audience 

 

 

Please see the programme here. 

If you need more information, please contact Vanora Bennett