IISD RS @ 2010 Climate Investment Fund Partnership Forum, 18-19 March 2010, Manila, Philippines

Daily Digital Coverage/ Summary Report
IISD Reporting Services (IISD RS) has produced a daily report on Friday, 19 March 2010, daily digital coverage, and a summary report of the forum on Monday, 22 March 2010. To download our daily or summary, please click below on the HTML or PDF icons.

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22 March

2010 Climate Investment Funds (CIF) Partnership Forum

18-19 March 2010 | Manila, Philippines

Daily web highlights

Thu. 18 March | Fri. 19 March

Highlights for Thursday, 18 March 2010

The 2010 Climate Investment Funds (CIF) Partnership Forum opened on Thursday, 18 March 2010, at Asian Development Bank (ADB) headquarters in Manila, the Philippines. In the morning, an opening plenary was held, followed by a plenary presentation on lessons learned in the CIF and a Voices of Stakeholders Dialogue. In the afternoon, parallel sessions were held on the Clean Technology Fund (CTF) and the Forest Investment Program (FIP).

L-R: Katherine Sierra, Vice President, the World Bank Group, in a conversation with CIF key speakers Haruhiko Kuroda, President, Asian Development Bank; Heherson Alvarez, Commissioner and Vice Chairman of the Philippine National Climate Change Commission and Preety Bandhari, UNFCCC.

OPENING PLENARY:

Katherine Sierra, Forum Co-Chair and Vice-President, Sustainable Development Network, World Bank, opened the 2010 Partnership Forum.

Haruhiko Kuroda, President, ADB, said global solutions to climate change must be innovative, acceptable and understood by those affected.

Heherson Alvarez, Commissioner and Vice Chairman of the Philippine National Climate Change Commission, said he was inspired that the financial institutions were addressing this issue, noting the immense challenges faced.

Preety Bhandari, UNFCCC Secretariat, said COP 15 resulted in progress in: bringing climate change to the highest level on the political agenda; attention given to infrastructure development; and financial cooperation.

L-R: Katherine Sierra, Forum Co-Chair welcomed Naderev Saño, the Philippines, who was elected Forum Co-Chair.

PLENARY PRESENTATION: "LOOKING AHEAD FOR LESSONS LEARNED IN THE CIF: EMERGING THEMES FOR LEARNING"

Ann Quon, ADB, moderated the session.

James Radner, University of Toronto, said the CIF are trying to do big things quickly, and that knowledge must be “usable” for those working on climate and development.

Red Constantino, NGO Forum on ADB

Maksha Ram Maharjan, CARE Nepal

Susanne Breitkopf, Greenpeace International

VOICES OF STAKEHOLDERS DIALOGUE - REFLECTIONS OF LESSONS LEARNED:

The voices of stakeholders session panel.

Barbara Black, WBCSD, emphasized the need to reach the private sector around the world, especially in developing countries

Zaheer Fakir, South Africa, emphasized that the CIF not only help stimulate investment in clean technology, but also skills development, including in rural communities.

Smita Nakhooda, World Resources Institute, noted the key role of creative engagement with stakeholders in overcoming policy and governance barriers.

Jamaican delegates Hopeton Peterson and Vilma McNish discussing session documents.

Fiu Elisara, Ole Siosiomaga Society Incorporated (OLSSI) in a conversation with Estebancio Castro Diaz, International Alliance.

CIF PROGRAM SESSIONS:

CLEAN TECHNOLOGY FUND

ENABLING ENVIRONMENT: INCENTIVES, CONSISTENCY AND TRANSPARENCY

L-R: Gary Pienaar, Institute for Democracy in Africa; Jean-Pascal Tranié, Aloé Private Equity Fund; Shilpa Patel, International Finance Corporation (IFC); Marcondes Moreira de Araujo, Brazil; and Frank Fass-Metz, Germany.

Marcondes Moreira de Araujo, Brazil, outlined some of his country’s efforts to create an enabling environment, such as the country-wide auctions for renewable energy.

Frank Fass-Metz, Germany, underscored that the CTF can contribute to overcoming investment barriers by enabling the development of regulatory environmental, sectoral and incentive policies conducive to clean technologies.

Jean-Pascal Tranié, Aloé Private Equity Fund, underscored the need for the development and enforcement of effective regulatory environments.

ACCESS TO FINANCING: CREATING FINANCIALLY SUSTAINABLE MODELS

Masatsugu Asakawa, Japan, stressed the need to mobilize private financing to promote low carbon technologies by providing incentives such as concessional loans.

Michael Gurin, Sol Xorce, said his company has tried to create solar technology that is not dependent on regulation, as this tends to be a barrier to growth.

Özgür Pehlivan, Turkey, outlined lack of proper lending, limited technical capacity and misconception of the risk and benefits of clean technologies as market barriers.

FOREST INVESTMENT PROGRAM (FIP):

INSTITUTIONAL COLLABORATION FOR REDD+ AT THE COUNTRY LEVEL

Kaveh Zahedi, UN REDD, said FIP investments can only be effective if pre-investment requirements such as removing investment barriers have been fulfilled.

Hosny El Lakany, University of British Columbia, moderated the session.

Gustavo Fonseca, GEF, suggested that FIP can provide lessons to be learned with respect to: scaling up forest protection over a broad area; constraints to capacity building; possible impacts on the ground; and boosting private investments.

Participants in the session broke into small working groups to share experiences with forestry policies.

FIP AND SCALING-UP ACTIVITIES FOR REDD+ AT THE COUNTRY LEVEL

Thaís Linhares Juvenal, Brazil, said achieving the diverse objectives of REDD+ requires different forms of funds and financial instruments, and proposed that the FIP can play a fundamental role in blending public and private funds.

Donald Kanak, WWF, called for greater efforts in leveraging additional sources of finance, suggesting that the private sector needs coherence of mechanisms and certainty regarding future demand.

Marco Antonio Fujihara, Key Associados, proposed that FIP can act as a building initiative by creating public private partnerships and providing an investment perspective.