VIRTUAL BROADCAST

In a landmark moment for the global energy transition, the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) agreed to transition away from fossil fuels, triple renewable power and double energy efficiency by 2030.

What solutions can development banks provide to boost the global energy transition?

The main objective of the event is to review the objectives of the NDCs and the participation of BOAD and development stakeholders in financing these strategies for the WAEMU zone, in order to examine the level of resources actually mobilized in relation to the ambitions expressed.

The event will bring together political decision-makers, partner organizations coordinating the NDCs, climate experts, the private sector and civil society organizations keen to include their actions in the national NDCs.

Objective of this session is to discuss how PDBs and Insurers/ReInsurers can better combine their expertise and tools to strengthen resilience and contribute to close the protection gap in the global South.

The session, among others, could showcase (i) some de-risking solutions implemented by the insurance industry together with MDBs/PDBs, (ii) some default protection mechanism under implementation (such as the shock resilient loan solution put in place with BOAD/KFW and Munich Re), and (iii) the IDRIMA initiative (between IDF & AFD) to stimulate opportunities for adequate and comprehensive solutions offered to SOEs and PBDs.

The aim of this event is to review experiences of collaboration with other climate funds.

Panelists will present their different experiences and lessons learned in working with climate funds to mobilize resources through project implementation.

This session aims to foster discussions on financing mechanisms to facilitate a just transition towards carbon neutrality, primarily in Asia. We will explore the concept and importance of a just transition, the current state and challenges of decarbonization in Asia, financing needs and opportunities, and case studies.

In this context, financing not only climate solution but also high-emitting sectors / Hard-to-Abate sectors is important in order to accelerate whole society decarbonization. Engagement with clients is also critical. Given the fast-growing economy in Asia, this discussion is crucial for the common goal of achieving the net-zero.

The objective is to share new insights on the nexus Trade & Development, in particular opportunities for PDB to design program in concertation with international brands and retailers.

The aim of this event is to review the technologies dedicated to the spatial monitoring of land use in the context of the promotion of the AIC, and to disseminate the maps produced on the evolution of the agro-ecological zones of the five (05) countries in West Africa in the context of the Regional Project for the Promotion of Climate Intelligent Agriculture financed by the Adaptation Fund with the support of the BOAD, as the Accredited Entity and the collaboration.

The objective of this event is to examine the scale of financing required for a just transition in the power sector, using Mexico—where reliance on unabated fossil gas is significant—as a case study. The session will also explore the challenges development banks face in providing transition finance and their role in innovative solutions, such as country platforms, to scale up financing and improve coordination among key stakeholders.

The side events focus on exploring innovative financing mechanisms for climate-resilient infrastructure development. It will bring together policymakers, investors, development banks, and experts from around the world to discuss the challenges and opportunities in financing sustainable infrastructure projects. Key topics will include public-private partnerships, green bonds, blended finance, and climate-smart investments. It aims to foster collaboration, knowledge sharing, and the development of concrete strategies to accelerate the transition to a more resilient and sustainable future.

Rigorous standards of consistency, transparency, and accountability in the tracking of green finance are vital for IDFC members as they strive to amplify their green investments. IDFC members contributed over a third of global public climate finance in 2021/2022 and have provided more than USD 1.5 trillion since the adoption of the Paris Agreement in 2015.

As members look to further expand their mitigation, adaptation and biodiversity financing, the Common Principles provide a framework for high integrity tracking. Climate Policy Initiative (CPI) has been working with the IDFC to develop materials to deepen members’ understanding of the principles of climate finance tracking, streamline their tracking processes through tools such as decision trees, and address related challenges.

This event will build on the meetings, workshops and publications that have flowed from this capacity building partnership and will create space for a wider discussion on the following:

1. The importance of robust tracking methodologies and their relationship with DFI transparency and accountability

2. Lessons learned from early efforts to integrate Common Principles into IDFC member tracking

3. Future areas for methodology improvement

Climate change is one of the most pressing issues of our time, with far-reaching consequences for human societies and natural ecosystems, including infrastructure development. As the world works to reach climate and sustainability goals for every global citizen, the need for essential infrastructure services continues to grow.

Infrastructure development is a critical component of climate change mitigation and adaptation strategies especially in the context of ensuring that such infrastructure is sustainable. However, traditional infrastructure development often neglects the importance of natural ecosystems and their role in supporting human well-being and climate resilience.

This session will explore how sustainable and nature-positive approaches to infrastructure development can deliver long-term economic, social and environmental benefits, and contribute to climate and nature action.

The event entitled “Forum on Building Climate-Resilient Economies: Synergistic Partnerships to Support Vulnerable Groups” has as its main objective to promote climate-resilient economies through the creation of synergistic partnerships and innovative approaches. It focuses on how financial and technological tools can support vulnerable communities in the face of climate change.

The discussion intends to assess the links between (i) defining criteria for eligible green finance assets, by means of standards and taxonomies and (ii) actual mobilization of financial flows that are consistent with a pathway towards low greenhouse gas emissions, climate-resilient development and conservation of ecosystems.

Financial institutions are important players towards resilience against climate impacts through the integration of climate-related risks into their frameworks and strategies. This event intends to: i) highlight recent findings on climate risk management relevant to financial institutions, ii) foster experience sharing on how financial institutions can work together for better climate risk management, and iii) support the identification of financial instruments that adapt to the risks financial institutions’ counterparties might be facing.

This event will ultimately help financial institutions better contribute to addressing global climate risks, target their assistance to increase resilience in local economies, going further beyond risk disclosure.

Cities generate around 70% of the global greenhouse gas emissions and are highly vulnerable to climate change. National development banks (NDBs) are well positioned to support cities’ climate-smart infrastructure projects – they often have long-standing relationships with local public and private sectors, can provide local currency funding at attractive financial rates and usually also offer support in the form of guarantees or grants for technical assistance.

Each of the below mentioned banks, will be invited present the efforts that they are making in order to systematically improve their institutional readiness for financing and advising on urban low-carbon and climate-resilient infrastructure with the objective to increase their financing commitments with climate benefits, thereby unlocking further financing from a range of local/international private and public sources.

The exchange between NDBs in international fora with diverse stakeholders is crucial to foster change at scale. Additional PDBs (eg. FiCS members) from other than the 5 emerging economies participating in the NUCA programme are also likely to gain from knowledge exchange if their circumstances and challenges regarding urban climate finance are similar to the ones encountered by the panelists.

The objective of the session is to present the latest research from think tanks and international organizations on the potential role of financial intermediation in achieving the Paris Agreement objectives.

This session will explore how public development banks (PDBs) can play a pivotal role in financing and supporting nature-based solutions (NbS) for climate change adaptation. Over 90 minutes, panelists from PDBs will discuss the parallels between financing NbS and climate change adaptation as well as strategies to align financial flows with Article 2.1(c) of the Paris Agreement.

Participants will also identify and discuss enabling factors that can scale up investments in NbS for climate resilience like policy adjustments that enhance the role of PDBs and public-private partnerships.

This session will explore how public development banks (PDBs) are integrating climate considerations from their strategic level to their operations. The goal is to mainstream climate into the financing of operations within countries at the sub-national level into economic activities and in doing so, contribute to the global climate mitigation and adaptation objectives.