Podcasts

The role of the private sector in climate finance

The role of the private sector in climate finance by Outreach_Live

"One of the big objectives of the Clean Technology
Fund specifically has been to build the capacity of
private sector financial institutions to make investments
in low carbon technology. That’s a very sensible and
very strategic thing to be doing, because it’s those
local financial institutions that are arguably best
placed to understand where the smaller transactions
are and make those investments…The challenge
though is that, that set of investments is covered by
confidentiality restrictions for business confidentiality
reasons. That makes it very difficult to know exactly
what that financial institution in that developing
country is actually investing in. That in turn makes
it difficult to learn about what impact that investment
stream is having...So at this week’s trust fund committee
meeting we did discuss the possibility of at least
reporting in qualitative terms about the kinds of things
in the pipeline, as a way at least to begin to get some
information out into the public domain; that’s progress."
- Smita Nakhooda, - World Resources Institute

Building forest governance and stakeholder capacity - are we REDD+ ready?

 

"The Forest Investment Programs [FIP] are not just
investing with large scales interventions. The
plan itself is a government or country-led plan,
so the MDBs work with these countries to come
up with a plan that really addresses the needs
of each individual country, which builds on
existing plans, strategies and development
goals. If a country, such as Burkino Faso, has
certain other soft barriers, where some policy
work needs to be done or legal or regulatory
frameworks need to be changed, then this will
be addressed as well. So it’s not just an
investment in its typical sense,it’s a plan with
individual proposals which address the most
emerging needs to combat the drivers of
deforestation and forest degradation. So it’s
a mix of technical assistance and pure
investments, as we call it. ''

- Andrea Kutta, Senior program officer,
Forest Investment Program

 

 

Where does the CIF fit in the climate finance puzzle?

"We do not know how long it will take for the Global
Climate Fund to be operational and be able to
generate or obtain resources that can then be
used by different countries, but I do think there
is some consensus that the CIFs were designed
in the beginning with an interim objective, which
was very appropriate, because they have been
able to generate a substantive amount of resources
from which we will see outcomes in some years.
There should not be false expectations... They
have been very enriching from the point of view
of generating lessons learned. ''

- Mafalda Duarte, Climate Investment Funds
Coordinator, African Development Bank

Sign up here to receive Outreach

Fill out your e-mail address to receive the latest edition of Outreach!

You can also subscribe to Earth Summit Network News by ticking the box below.

E-mail address:



Select your interests:


Outreach:


Earth Summit Network News:

Subscribe

ESbanner

 

Stakeholder Forum is playing a leading role in building a global movement towards Rio+20. Visit our Earth Summit 2012 website for more information.  grey-arrow-circle

edgreenDiscuss the big issues for the Earth Summit 2012. How do we plan a future that nurtures a healthy world alongside the needs of a growing population? grey-arrow-circle