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.
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
Date: 08 December
Time: 15:00-16:30
Location: Joint MDB Pavilion, COP24, Katowice, Poland
- 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)
- Jan-Willem van de Ven, Head of Climate Finance and Carbon Markets, EBRD
- 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:
|
|
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
| 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 |
If you need more information, please contact Vanora Bennett.
