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This high-level side-event will be the opportunity to present IDFC contribution to Climate Finance, in particular the Green Finance Mapping 2023, and to illustrate the role of public development banks to achieve Paris Agreement alignment.

“Our event will allow development banks to learn from each other’s experiences with climate risk management, in particular to support climate risk assessment of long-term portfolios.”

The panel aims to discuss how innovative finance instruments, considering the international trade of carbon credits can boost the potential of developing countries, such as Brazil and South Africa, for reforestation and agroforestry projects in degraded areas. Article 6 of the Paris Agreement can be a lever to scale up the recovery and preservation of biomes in the Global South and help meet the planet’s emission reduction targets. In this context, national development banks can bring solutions to unlock this market with integrity.

Through our participation in the GST and Mitigation Work Programme and our analyses around the development of national deep decarbonization pathways in main emerging economies, we will discuss and draw some lessons in this session about key topics for international cooperation, with a sectoral perspective about the freight transport sector and national perspectives from African leaders.

The session will be based on one academic policy-oriented presentation from AFD team on the main risks and opportunities developing countries are facing given the transition. The presentation will be followed by case studies. Development banks and policy makers will present their transition plans, main funding challenges, and the main technological or nature-based solutions. Finally, speakers will discuss common challenges and opportunities.

This event will discuss the key policy recommendations for MDB reform to accelerate urban climate finance identified in a new report developed by the Cities Climate Finance Leadership Alliance (CCFLA) in collaboration with the C40 Cities and the Global Covenant of Mayors (GCoM). Entitled ‘Accelerating Urban Climate Finance in Low-and Middle-Income Economies: An important strategic dimension of MDB reform,’ the report presents a comprehensive picture of the current landscape of MDBs’ contributions to urban climate finance and presents recommendations on how they can play an even more significant role in financing urban climate projects.

The objective of the event is to delve into the possibilities that insurance and risk transfer mechanisms offer to address Loss and Damage (LnD) caused by climate change. This session will provide a comprehensive exploration of the opportunities and limitations inherent in insurance, its value for the Loss and Damage fund, and its possible roles within the landscape of funding arrangements set to be agreed upon at COP28.

CABEI and the TaiwanICDF propose hosting a panel discussion on accountable climate finance and inviting representatives from commercial banks, multilateral finance institutions, development agencies, and governments. Panelists will illustrate strategies for promoting participatory and expanding opportunities for marginalized groups, thereby optimizing the benefits of climate finance, and enhancing its impact on people’s lives.

Development banks, especially MDBs have been fundamental in establishing eligibility criteria for climate finance, and mobilizing the financial flows necessary for respecting this commitment. The objective of this side event is to investigate how development finance institutions can better contribute to the operationalization of climate finance and increase its volume to meet NDCs climate finance needs.

As countries in the region strive to meet their growing energy needs, while adapting to a more sustainable and low carbon future, Southeast Asia’s power sector is undergoing an important transformation. Demand for electricity is growing as a result of the region’s rapid economic development and urbanization, leading to increased reliance on coal and an increase in greenhouse gas emissions. To combat the adverse impacts of climate change and achieve their commitments under the Paris Agreement, Southeast Asian nations are now facing the critical challenge of financing the energy transition towards cleaner and renewable energy sources.

Provide insights on how net-zero strategies of development finance institutions foster low carbon transformation of instrumental infrastructure and support the sustainable and climate resilience of the private sector.

Finance can be a powerful trigger for sustainable change, but it currently also is part of the problem: today, only a fraction is climate, nature and SDG-compatible. This is not a technical fix. The change we need is systemic and requires to think of how different the world will be in the future. This is precisely what creative foresight approaches can facilitate, by mobilizing imagination to encourage leaps of thoughts. Join us to explore alternative futures for climate and sustainable finance!

This informal breakfast discussion will be framed around the challenges and bottlenecks that PDBs face in financing this transition, as well as potential ways of addressing them.

Green hydrogen demonstrates cross-cutting climate mitigation and adaptation benefits by contributing to low-carbon and climate resilient growth, offering opportunities to develop social, economic infrastructure, and creating jobs. Green hydrogen is gaining widespread attention as a clean and sustainable energy carrier that can significantly contribute to decarbonizing various sectors and achieving climate goals. In recent years, the African continent has shown tremendous potential for renewable energy resources, making it an ideal region to explore and harness the capabilities of green hydrogen.

The side event will explore the means that may be deployed to assist needy PDBs. It will also present the last initiatives taken by IDFC in the field of climate to support PDBs inside and outside IDFC constituency.

This session sheds light on dynamic and rapidly growing Southeast Asia, and invites key speakers from development financing institutions, private sector, banking institution, and government officials from the region to deep dive into in-country efforts currently being made, and collectively discuss the following aspects of implementation.

This session will explore how NDBs can respond to cities expectations in deploying technical and financial support for urban climate project preparation and investment.

Discuss the current state of the international green hydrogen market ramp-up and how financing gaps can be closed

The panel aims to discuss how Marine Spatial Planning generate opportunities for fair decarbonization. Expected outcomes: how different actors (government, academia and private sector) see this proposal.

This side event will highlight the opportunities offered by the sustainable blue economy for development banks, and discuss avenues and options to scale up their contributions in this domain and answer the demand from countries and partners towards UNOC 2025.

The objective is to look for ways how to expand nature finance because it is almost entirely also climate finance. Whether it is forests, peatlands, soils or mangroves – they all store enormous amounts of CO2 and help to mitigate climate change.

The event on ‘Catalysing financing for Nature-based solutions through Public Development Banks to achieving impacts on the ground ‘ will aim to bring together public development banks, implementers, and policy makers to share barriers, case studies, lessons learnt and innovations to scaling up Nature based Solutions financing.

To discuss cooperation among development banks and multilateral agencies on the promotion of low carbon and resilient agriculture. Present best practices, innovative solutions and case studies to foster future cooperation on the agenda in development countries.

This side-event will explore the potential positioning of PDBs on these markets and discuss possible common principles of intervention.

“Our event will allow development banks to discuss the different approaches they can follow to meet their Paris alignment commitments in line with specificities of their institutions.”

“Our event will allow development banks to learn how they could best mobilise finance to enable ambitious early retirement of fossil fuel assets.“