ADBI/Green Climate Fund Climate Finance Seminar: Innovation in Climate Finance | Asian Development Bank

At the forefront of growth and development in Asia and the Pacific

ADBI/Green Climate Fund Climate Finance Seminar: Innovation in Climate Finance

Event | 1 February 2017 ADBI, Tokyo, Japan

Background

Long-term changes in the earth’s environment and climate system are significant. More and more countries and global bodies now understand that climate change is a huge problem that prevents economic development and creates unhealthy populations for developing countries.

Green Climate Fund (GCF) is the newest actor in the multilateral climate finance architecture which became fully operational in 2015, approving the use of $168 million for its first eight projects. The GCF is an operating entity within the Financial Mechanism of the United Nations Framework Convention on Climate Change (UNFCCC). A legally independent institution hosted by the Republic of Korea, GCF has its own secretariat and the World Bank as its interim trustee but functions under the guidance of, and is accountable to, the UNFCCC Conference of Parties (COP). In the short term, the GCF will offer grants, concessional loans, equity investments, and guarantees, and work through a wholesale model of using the executing and financial intermediation capacities of partner organizations as implementing entities or intermediaries. GCF will balance between funding mitigation and adaptation measures, and ring-fencing support for the urgent needs of least developed countries (LDCs), small island developing states (SIDS), African countries, and local private sector actors.

Objectives

  • To highlight issues related to climate change;
  • To explore innovation in climate finance to help reduce emissions and create a sustainable development module; and
  • To explore access to GCF for Japanese companies.

Participants

About 60 participants including policy makers, academics, outside researchers, and the general public.

Output

  • Conferences and workshops with experts, academics, and policymakers
  • An edited book

Language

English, Japanese (Simultaneous translation)
Note: Number of receivers is limited.

Time of event

15:00 - 17:50