Events Calendar

Closing the financing gap for local climate action: solutions for the development of bankable projects and suitable financial vehicles
Wednesday, 3. November 2021, 15:45 - 17:00
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Day, time: 

3 November from 15:45 to 17:00 (Hybrid modality)

Organisers and contacts

Kátia Fenyves (AFD) / Laura Cruz (GIZ)

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Objective of the event

Based on the experience of policy makers and representatives of financial institutions at different levels of government in Latin American countries, reflect on strategies for closing the climate financing gap at the local level.

Brief description

A key challenge for limiting global warming to 1.5° or 2° is to translate climate goals and policies into well-prepared projects that are attractive to investors. There is also a lack of capacities and affordable green products for reorienting the strategies of financial institutions (e.g. development or commercial banks) towards climate change activities.

The role of subnational entities is essential to the achievement of the NDCs, since a large percentage of national public investment is materialized through projects that are formulated and implemented at the local level. Working with this approach, in partnership with development banks and international cooperation, provides experience for strengthening the capacity of governments and financial institutions to finance the implementation of NDCs.

This session will present experiences of different actors in the financial ecosystem with tools, services, methodologies, and financial instruments, opening the discussion to identify innovative areas for closing the climate financing gap at the local level. 

Speakers

Name

Position

Institution

In-person/virtual


Renato Casagrande


Governor 

State of Espirito Santo


In-person


Carlos Marin


Mayor


Manizales, Colombia


In-person



Alejandro Miranda

Chief Executive of the Corporate Directorate for Environment and Climate Change



CAF



In-person



Jose Luis Samaniego

Director of the Division of Sustainable Development and Human Settlements



ECLAC



Virtual


Sergio Gusmão


President


Development Bank of Minas Gerais



In-person

Marco Varea

EUROCLIMA+ Programme Officer


AFD


In-person

Pablo Rojas 

Advisor EUROCLIMA+


GIZ


In-person




Agenda of the event

Duration

Activity

Responsible

3 min

Welcome and Opening of the session 

Andrew Scyner

5 min 

Presentation of the topic

Marco Varea

10 min 

Keynote Speech

Renato Casagrande

20 min

1st round of questions 

What barriers have been experienced in accessing climate financing at the sub-national level?

5 min per speaker

    Panellists

Marco Varea (moderator)

20 min

2nd round of questions

What strategies (tools, initiatives, or instruments) are used to support the sub-national level in overcoming these barriers?

5 min per speaker

Panellists

Marco Varea (moderator)

10 min

Session for Q&A from the audience

Marco Varea (moderator)

5 min

Conclusions and closing remarks

Pablo Rojas

Expected results:

  • Roadmap: mapping of more specific needs and new strategies to continue strengthening countries' capacities in accessing climate financing especially from the territories and identification of potential partners to generate actions with development banks and other potential investors.
  • Events session: Identification of topics to discuss with key actors in the coming year (community of practice / existing or new).

 View presentations:

Alejandro Miranda

Team in charge of communication and attention to the press

Macarena Castillo. This email address is being protected from spambots. You need JavaScript enabled to view it.

This event is associated with the event Accelerating and financing the implementation of the Climate Action Plans of municipalities in Latin America

Information about the event on EUROCLIMA + social networks

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