Hans-Joachim Fuchtel has been parliamentary state secretary to the federal minister for economic cooperation and development of Germany since December 2013. Prior to that, he was parliamentary state secretary to the federal minister of labour and social affairs from 2009 until 2013. Hans-Joachim Fuchtel is a qualified lawyer; he began his political career as a town councilor in Altensteig in 1975, where he spent several years as deputy to the first mayor. He has been a member of the German Bundestag since 1987. He began working as a lawyer in Nagold in 1992 but has ceased practising law since his appointment as parliamentary state secretary in 2009. Hans-Joachim Fuchtel also works in an honorary capacity, for instance as the honorary president of the THW-Bundesvereinigung Deutschland e.V. He has also been Commissioner for the German-Greek Assembly since November 2011.
Bambang Susantono is the vice president for knowledge management and sustainable development of ADB, responsible for the Departments of Sustainable Development and Climate Change, Economic Research and Regional Cooperation, and External Relations. He was vice-minister of Indonesia’s Ministry of Transportation and deputy minister for infrastructure and regional development. He holds a PhD in infrastructure planning and master’s degrees in transportation engineering as well as city and regional planning from the University of California, Berkeley, United States, and a bachelor’s degree in civil engineering from the Bandung Institute of Technology, Indonesia.
Mark Brown is the minister of finance of the Cook Islands since December 2010. In 1991, Mr. Brown joined the Cook Islands public service where he held a number of senior positions. In 2001, he ventured into the private sector and spent 10 years as director of his own company in the property management and development sector before entering the world of politics. Mr. Brown holds a diploma in public sector management and a master's in business administration.
Mr. Höppe is one of the initiators of the Desertec Industrial Initiative, which is supposed to become the largest renewable energy project in the world. He has held different expert functions in WHO and WMO. In 2005 he founded the Munich Climate Insurance Initiative, which has become a relevant player in the UNFCCC climate change negotiations. In 2007 Mr. Hoeppe was appointed member of the Global Warming Advisory Board of the Bavarian State Government and chair of the "Finance-Forum: Climate Change" of the high-tech strategy of the German federal government.
Amy S.P. Leung
Amy S. P. Leung is deputy director general concurrently chief thematic officer of ADB’s Thematic Advisory Service Cluster under the Sustainable Development and Climate Change Department, covering climate change and disaster risk management, gender equity, governance, social development, agriculture, rural development and food security, NGO and civil society, and ICT for development. Prior to her current position, she was deputy director general of ADB’s East Asia Department, covering ADB’s operation in the People’s Republic of China and Mongolia. She was former director of ADB's Southeast Asia Urban Development and Water Division and of the East Asia Urban and Social Sectors Division, where she was in charge of loan and grant portfolio for urban development, water supply and sanitation, education, health, and social protection. Ms. Leung has over 20 years of experience in managing multi-stakeholder and multi-disciplinary projects in Asia and North America. She is as an urban planner with expertise in urban development, water resources management, project design and monitoring, and public-private partnerships.
Mario Sander is the executive director of ADB representing Austria, Germany, Luxembourg, Turkey and the United Kingdom. Prior to joining ADB, he was advisor for global Issues, United Nations, and development policy at the German Federal Chancellery. He also served as deputy head of division for basic principles, concepts, and political planning at the German Federal Ministry for Economic Cooperation and Development, and was head of the GTZ (now GIZ) country office in Riyadh, Saudi Arabia.
Mr. Harding is Tokyo Bureau Chief for the Financial Times. He covers the Japanese economy, politics, and foreign relations. Mr. Harding was previously the Financial Times’ United States economics editor based in Washington, D.C. From 2008 to 2010, he worked as Tokyo correspondent for the Financial Times, covering the Bank of Japan and Japan’s technology sector. Before joining the newspaper, Mr. Harding had a background in asset management and banking.
The huge financing demand to combat and adapt to climate change can only be achieved by establishing new and innovative financing instruments that help crowd in private sector capital. It is in this context that high-level representatives from BMZ, Governor Hans-Joachim Fuchtel, and from ADB, Vice-President Bambang Susantono launched the multi-donor Asia-Pacific Climate Finance Fund (ACLIFF). The aim of the ACLIFF is to i) reduce carbon emissions and increase adaptation measures, ii) leverage climate investment by reducing the risks of adoption and uptake of climate technology in high-priority sectors outlined in nationally-determined contributions and other national climate plans, and iii) offer demand side support for climate risk insurance to address remaining climate risks which could not be efficiently managed by the current adaptation infrastructure. Governor Fuchtel pledged to support ACLIFF with up to US$30 million, and VP Susantono announced an initial contribution of US$1 million toward the establishment of an accompanying technical assistance project which will support the management of ACLIFF. They both invited other countries to join the initiative.
The panel discussed different views in reducing risk for private investors. Mario Sander, executive director for Germany in ADB, and Amy S.P. Leung, deputy director general of the ADB Sustainable Development and Climate Change Department, provided insights on initiatives that ACLIFF could concretely support to incentivize climate investment in high-priority, underserved sectors and markets. Some examples mentioned included: energy efficiency savings insurance, performance guarantees for solar rooftop photovoltaic systems, and energy storage technologies. ACLIFF could also strengthen resilience in the face of increasing frequency and intensity of extreme weather events through: index-based flood and drought crop or livestock insurance, disaster risk insurance for microfinance institutions, flood risk insurance for low-income housing, and emergency liquidity facilities. Bringing in a Pacific region perspective, Mark Brown, finance minister of Cook Islands, saw significant potential for the uptake of such instruments. Peter Höppe of MunichRe indicated a considerable interest of insurance companies like his organization, in providing such solutions.