2018 Forum of the Standing Committee on Finance

"Climate Finance Architecture - Enhancing collaboration, seizing opportunities"

05 - 06 Jul. 2018

Songdo, Republic of Korea

Republic of Korea

Songdo Convensia

English

2018 Forum of the Standing Committee on Finance

"Climate Finance Architecture - Enhancing collaboration, seizing opportunities"

Credit: Creative commons

05 - 06 Jul. 2018

Songdo, Republic of Korea

Republic of Korea

Songdo Convensia

English

Credit: Creative commons

The Forum was hosted by the Ministry of Strategy and Finance of the Republic of Korea and was a two-day event (5 – 6 July) taking place following the conclusion of the 20^th Board Meeting of the Green Climate Fund held from 1 to 4 July in Songdo at the Songdo Convensia.

Background

The Forum of the Standing Committee on Finance (SCF) provides a platform for a wide range of stakeholders from governments, climate funds, financial institutions, civil society, think tanks and the private sector to discuss a topic of interest in climate finance and promote linkages and coherence in the mobilization and delivery of climate finance.

Topic

For the 2018 Forum, the SCF selected the topic of “The Climate Finance Architecture: Enhancing collaboration, seizing opportunities” with a focus on enhancing collaboration among various stakeholders and identifying ways to make the best use of new opportunities and instruments. The 2018 Forum discussed both the global and national climate finance architecture, as well as the interaction between the two. It aimed to identify trends, developments and challenges under the climate finance architecture with a view to improving climate finance flows from the international to the national levels and enhancing collaboration between the UNFCCC climate funds and other actors through the exchange of information and experiences.

Should you have any questions about the event, please send them to: standingcommitteee@unfccc.int

Programme

5 JULY 2018

(DAY 1)

Time	Description		Speakers and facilitators
09:00–09:30	Opening session
	Welcoming remarks: Introduction video: YouTube Link Webcast recording: *YouTube Link*		Bernarditas Mueller ^(bio) Philippines, SCF Co-Chair Georg Boersting ^(bio) Norway, SCF Co-Chair YouTube Link
	Opening remarks:		Yoon Tae Sik Director General, Ministry of Finance and Strategy, Republic of Korea Patricia Espinosa Executive Secretary of the UNFCCC Secretariat (video statement) YouTube Link
	Introduction and overview of the Forum YouTube Link Moderator:		Pieter Terpstra ^(bio) The Netherlands, SCF member
Global Climate Finance Architecture
09:30–10:00	Session 1: Overview of Climate Finance Architecture YouTube Link
	This session provided an overview of the state of climate finance architecture at the international and national level using the outcomes of the biennial assessment and overview of climate finance prepared by the Standing Committee on Finance. In particular, it looked into the financial instruments, finance flows and the qualitative assessments of those flows, including the needs and priorities identified by developing countries.
	Scene-setting presentation *The State of Climate Finance: Mobilization in the Context of Needs* Participants’ description of international climate finance architecture Participants’ description of national climate finance architecture in developing countries		Mohamed Nasr ^(bio) Egypt, SCF member Pieter Terpstra ^(bio) The Netherlands, SCF member
	Moderator:		Ayman Shasly ^(bio) Saudi Arabia, SCF member
10:15–10:15	Coffee Break
	Session 2: Breakout session on Climate Finance Architecture
10:15–11:30	Breakout group on mobilizing international public finance	Breakout group on unlocking private finance	Breakout group on determining country needs and priorities
	Case Study: Satu Santala ^(bio) Finland (presentation)	Case Study: Ignacio Lorenzo Arana ^(bio) Uruguay (presentation)	Case Study: Namho Oh ^(bio) African Development Bank (presentation)
	Discussion Leader: Lorena Gonzalez ^(bio) Independent Association of Latin America and the Caribbean	Discussion Leader: Sergio A. Pombo ^(bio) Green Climate Fund	Discussion Leader: Raju Pandit Chhetri ^(bio) Nepal
	The group discussed the status of mobilization of international climate finance. It also considered challenges and options in ensuring predictability and sustainability of climate finance. (Report back)	The group discussed successes and challenges in reducing financial risks and leveraging public and private investments in developing countries. It also discussed the gaps and best practices in policies that enable private investments into mitigation and adaptation projects and programmes. (Report back)	The group discussed insights gained by developing countries in preparing national climate finance strategies that outline financing options to meet the climate finance priorities and how these strategies are being matched with international and domestic finance. The group also discussed how country ownership is ensured in the implementation of projects and programmes. (Report back)
11:30–12:30	Panel and plenary discussions YouTube Links
	Discussion leaders presented highlights of the group discussions
	Moderator:		Mary Kim Australia
12:30–14:00	*Lunch break*
14:00–14:45	Session 3: The role of UNFCCC funds, multilateral and bilateral institutions and other actors in delivering climate finance: YouTube Link
	This session highlighted the strategies and operations of the UNFCCC funds, multilateral and bilateral institutions and other actors that contribute to enhancing actions to tackle climate change both in mitigation and adaptation. The session also provided a collective understanding of the impacts of climate finance at the national and sub-national level.
	Scene-setting presentation The State of Climate Funds		Preety Bhandari ^(bio) Asian Development Bank (presentation)
	Panel discussions		Omar El-Arini ^(bio) Egypt Audrey Rojkoff ^(bio) Agence Française de Développement Helena Wright ^(bio) E3G
	Plenary discussions Moderator		Raekwon Chung ^(bio) Incheon National University
14:45–15:45	Session 4: Deployment of New Climate Instruments to Support the Goals of the Paris Agreement: YouTube Link
	This session explored opportunities and challenges in the use of new climate instruments, including green bonds, to scale up the level of climate finance. It also looked into how the UNFCCC Funds, multilateral and bilateral institutions and other international support providers can assist countries with utilizing the new climate instruments to meet the goals of the Paris Agreement.
	Scene-setting presentation The Lab: Developing transformative instruments to drive climate finance		Gloria Coleman ^(bio) Climate Policy Initiative (presentation)
	Panel discussants:		Jan-Willem van de Ven European Bank for Reconstruction and Development Surya Sethi ^(bio) former Principal Adviser Energy and Core Climate Negotiator Government of India Jose Andreu ^(bio) Climate Investment Fund Timothy Afful-Koomson ^(bio) African Development Bank
	Plenary discussions Moderator:		Zaheer Fakir ^(bio) South Africa, SCF member
15:45–16:00	*Coffee break*
16:00–17:15	Session 5: Breakout session on UNFCCC Funds and other sources of climate finance
	*Breakout group on country experiences in utilizing new climate instruments*	*Breakout group on the complementarity of climate funds*	*Breakout group on the role of* *multilateral and bilateral institutions and other actors in delivery of climate finance*
	Case Study: Olympus Manthata ^(bio) Development Bank of South Africa (presentation)	Case Study: Benito Mueller ^(bio) Oxford Climate Policy (presentation)	Case Study: Niranjali Amerasinghe ^(bio) World Resources Institute
	Discussion Leader: Liza Leclerc ^(bio) International Fund for Agricultural Development	Discussion Leader: Juan Hoffmaister ^(bio) Green Climate Fund	Discussion Leader: Elizabeth Philip Malaysia
	The group explored ways to scale up climate finance by utilizing new climate instruments to meet the climate and development objectives of developing countries. The group also discussed available international support that countries can avail themselves to utilize the instruments. (Report back)	The group discussed collaboration efforts among climate funds and identify possible areas for complementary actions. The group also discussed efforts to simplify the process of accessing the resources and enhancing coherence of policies across the Funds. (Report back)	The group discussed ways of ramping up the delivery climate finance by the multilateral and bilateral institutions and other actors to ensure that priority finance needs of developing countries are addressed. The group also discussed efforts to build quality project portfolios. (Report back)
17:15–18:00	Panel and plenary discussions YouTube Links
	Discussion leaders presented highlights of the group discussions
	Moderator:		Vicky Noens ^(bio) Belgium, SCF member
18:00	Day 1 closing session YouTube Links
	Highlights of the day
	Moderator		Pieter Terpstra ^(bio) The Netherlands, SCF member
19:00	Welcoming reception by the Government Ministry of Finance and Strategy, Republic of Korea Venue: Gyeongwonjae Ambassador Incheon

6 JULY 2018

(DAY 2)

Time	Description		Speakers and facilitators
National Climate Finance Architecture
09:00–09:15	Day 2 opening session YouTube Link
	The moderator provided a brief introduction of the programme for the day
	Moderator:	Mohamed Nasr ^(bio) Egypt, SCF member
09:15–10:30	Session 6: Breakout session on national climate finance architecture
	Breakout Group on mobilizing climate finance at the national and sub-national level	Breakout group on accessing climate finance and building capacity	*Breakout Group on budgetary planning and devising climate investment plans*
	Discussion Leader: Margaret Kim ^(bio) Global Green Growth Institute	Case Study: Diann Black-Layne ^(bio) Antigua and Barbuda (presentation)	Case Study: Joyceline Goco ^(bio) Philippines
	Discussion Leader: Margaret Kim ^(bio) Global Green Growth Institute	Discussion Leader: Saliha Dobardzic ^(bio) Adaptation Fund	Discussion Leader: Dudi Rulliadi ^(bio) Indonesia
	The group discussed experiences in establishing national climate funds and local government efforts to finance climate projects and programmes at the local level. (Report back)	The group discussed ways to build effective intermediaries at the local level and to strengthen and sustain local capacity to mobilize and deliver climate finance. (Report back)	The group discussed experiences in tracking climate-related expenditures through climate budget tagging. The group also discussed experiences in the development of climate investment plans. ⁽Report back)
10:30–11:30	Panel and plenary discussions YouTube Link
	Discussion leaders presented highlights of the group discussions
	Moderator:		Philip Weech ^(bio) Bahamas
11:30–11:45	Coffee break
11:45–12:30	Session 7: Global climate finance architecture from the perspectives of the national and sub-national actors YouTube Link
	This session focused on how national policies and domestic investments are aligned with NDCs, NAPs and national development strategies. It also explored the role of international climate finance in generating domestic finance.
	Scene-setting presentation Achieving the Right Mix: International and National Climate Finance		Tuul Galzagd ^(bio) XacBank LLC, Mongolia (presentation)
	Panel discussants		Hussein Abaza ^(bio) Egypt Arnault Graves ^(bio) Union for Mediterranean Sungwoo Kim ^(bio) Kim & Chang
	Plenary discussions Moderator:		Carlos Ivan Zambrana Flores ^(bio) Bolivia, SCF member
12:30–14:00	Lunch break
14:00–14:45	Session 8: Climate finance governance at the national level YouTube Link
	This session focused on climate finance governance as it relates to good practices in establishing a mechanism for coordinating the efforts of various government agencies and non-government stakeholders in the mobilization and delivery of climate finance.
	Scene-setting presentation Experiences and Lessons in the Governance of Climate Finance		Joanne Manda ^(bio) UNDP Bangkok (presentation)
	Panel discussions		Espen Ronneberg ^(bio) Samoa Lorena Palomo ^(bio) Chile Mamadou Honadia ^(bio) Burkina Faso
	Plenary discussions Moderator:		Erin Roberts ^(bio) Overseas Development Institute
14:45–16:00	Session 9: Climate finance governance at the national level
	Breakout group on national coordination mechanism on climate finance		Breakout group on the role of stakeholders in the mobilization of climate finance	*Breakout Group on engaging micro, small and medium-sized enterprises*
	Case Study: Edgar Cruz Martinez ^(bio) Colombia (presentation)		Case Study: Helen Magata ^bio) Tebtebba Foundation (presentation)	Case Study: Benedict Libanda ^(bio) Environmental Investment Fund of Namibia (presentation)
	Discussion Leader: Meenakshi Raman ^(bio) Third World Network		Discussion Leader: Tara Daniel ^(bio) Women's Environment and Development Organization	Discussion Leader: Richard Sherman ^(bio) South Africa
	The group discussed experiences and benefits of establishing a national coordination mechanism on climate finance to enhance inter-ministerial/agency communication. (Report back)		The group discussed the role of national and sub-national stakeholders in the mobilization of climate finance to support projects and programmes and ways to enhance their engagement in the development, delivery and assessment of projects. (Report back)	The group explored the role of micro, small and medium-sized enterprises in financing climate actions and in serving as delivery channel of climate finance. The group also discussed how these enterprises can access international and domestic climate finance. (Report back)
16:00–16:15	Coffee break
16:15–17:00	Panel and plenary discussions YouTube Link
	Discussion leaders presented highlights of the group discussions
	Moderator:			Liane Schalatek ^(bio) Heinrich Boell Stiftung
17:00–17:30	Day 2 closing session
	Summary of the Forum			Mohamed Nasr ^(bio) Egypt, SCF member
	Closing remarks			Bernarditas Mueller ^(bio) Philippines, SCF Co-Chair YouTube Link Daniele Violetti UNFCCC - FTC Director YouTube Link