March 18 – 19, 2019
Sponsors and Organizers
Summit Objectives • Facilitate information exchange • Build connections and community • Explore specific challenges • Launch ongoing collaboration • Accelerate GB development globally
Agenda: Day 1 (Monday 18) 9:00 Introductions & Framing 11:45 Photo Lunch Green bank Fundamentals – breakout rooms 13:00 Reflections – plenary 17:15 Depart for boat Dinner Cruise 21:15 or 22:15 Return to Hotel
Agenda: Day 2 (Tuesday 19) Day 2 Welcome – plenary 8:45 Content Workshops – breakout Clinics, Peer Coaching and Roundtable Discussion – breakout 13:30 Lunch Summit insights & Ongoing collaboration – plenary 14:30 Champagne toast 17:30 Return to Hotel
Nametags PERSONALIZED SCHEDULE FOR ANGELA WHITNEY Please see your workbook for a full schedule and venue map Group DAY ONE: MONDAY, MARCH 18 9:00 – 10:30 Session 1: A Vision for Country-Driven Climate Finance Angela Table number Plenary Group: Gibbon, Table 1 10:45 – 11:45 Session 2: Green Banks in Theory and Practice, Plenary WHITNEY 13:00 – 16:30 Session 3: Fundamentals Topics Room Fundamentals 1, Gibbon Room Fundamentals 2, Gibbon Room 16:30 – 17:00 Day One Wrap Up, Plenary Rocky Mountain Institute DAY TWO: TUESDAY, MARCH 19 8:45 – 9:00 Day Two Kickoff, Plenary 9:00 – 11:00 Session 4: Workshops Workshop A, Plenary Room 11:30 – 13:30 Session 5: Green Bank Clinic and Individualized Action Plans 11:30, Piranha Room Day 2 Room 12:30, Angel Fish Room 14:30 – 15:30 Session 6: Collaborative Mapping, Plenary ORGANIZER 15:45 – 16:30 Session 7: Ongoing Collaboration, Plenary
Workbook Resource to use at the Summit and beyond
Media #GreenBankSummit19
Ground Rules • Be present • Keep confidences • Support a learning environment • Help us keep time
Check-in Share with your table: • Name, role, and organization • One thing you hope to take away from the Summit
Check-In Organize yourselves by where you primarily work from
Check-In Organize yourselves by how many languages you speak
Check-In Organize yourselves by when you heard about green banks for the first time
Check-In Organize yourselves by how long you have been working on issues relating to climate change
Financial systems must evolve to accelerate national climate investment • More money than ever is flowing to low-carbon investments in emerging markets BUT • The system for mobilizing and allocating green finance into developing countries is complicated, inefficient, and poor at leveraging private capital. • The Paris Agreement is a milestone that shifts focus to national implementation. This is an opportunity for stronger national ownership. National institutions for climate finance must evolve accordingly.
The public climate finance system today (!) Source: ODI and Heinreich Boell Stiftung
Emerging markets need tailored financial institutions • Most capital allocation (especially private) does not happen at the global level. • The challenges of scaling up finance are country-specific . • Local institutions are better at assessing and pricing local risk – and more effective at pushing local regulators to improve enabling environments. • Foreign investment , while essential, is harder to secure and comes with complex challenges such as currency convertibility. • In the long-term, a sustainable green finance system requires mobilizing local savings.
Green banks offer a replicable model focused on national ownership of climate finance • Green banks and other catalytic green finance facilities can mobilize the investment needed for help countries to achieve Nationally Determined Contributions under the Paris Agreement, related Sustainable Development Goals, and other national commitments. • Green banks are an institutional solution that accelerates and complements existing efforts to accelerate climate-aligned investment. • Green banks allow countries to increase national ownership over climate finance processes and outcomes while also increasing the efficiency of the system as a whole
Green banks drive investment to spur new markets by acting as… 1. Capital mobilizer : blend domestically issued green bonds with international concessional capital 2. Capital provider : long-term anchor investor deploying a variety of instruments to crowd in private capital 3. Lead arranger : build pipeline and structure deals 4. Financial innovator : pioneer first-of kind deal structures that can be replicated by private sector 5. Capacity-builder : build in-country financial capacity including in local banks 6. Supporter of enabling environments : work with policymakers to implement regulatory reforms that enable successful green investment
Reflection Question How could a green bank help you achieve your climate and development goals? – OR – What is the most significant barrier a green bank could help your country overcome?
Country Reflections 1. Mrs. Bulgan Tumendemberel (Mongolia) 2. Mr. Cristóbal Peña Liberona (Chile) 3. Mr. Hubert Ruzibiza (Rwanda) 4. Mr. Manish Chourasia (India)
Session 2
Green banks are a powerful tool for scaling up climate finance in emerging markets Green banks will help countries achieve their climate goals by increasing national ownership, scaling up private investment, and creating a more efficient climate finance system.
Green banks can foster strong national financial capacity to mobilize investment Source: Coalition of Green Capital (CGC), Rocky Mountain Institute (RMI), Natural Resources Defense Council (NRDC)
A simplified and efficient global climate finance system can be centered around national green banks
Growing interest in green banks as a strategy to scale up climate investment in emerging markets Most green bank activities are happening in isolation. A systematic approach could help take this opportunity to scale
Existing Green Banks have delivered strong results Green banks lower CO 2 emissions and act as innovators to mitigate risks in local markets through financial solutions that can be replicated by other market actors. Green Bank Network (GBN) Impact www.greenbanknetwork.org through July 2018 Source: Green Bank Network
Reflection In your workbook: • What is one insight you are taking from the experience of other countries and markets? • What is one question you have for these practitioners that you might answer over the next two days?
Day 1 Close
Day 1: Reflection What is one thing that surprised you about what you learned today? What is one question you hope to have answered tomorrow?
Day 2 Opening
Check-In Discuss with your neighbor: • What is becoming clearer to you after a night of rest?
Day 2 Agenda 9:00 Workshops A – Plenary then breakout rooms Piranha, Orca, Angel Fish B – Breakout rooms Dolphin, Tiger Shark Clinic – Piranha , Peer Consulting – Angel Fish 11:30 Roundtable Discussion – Plenary 13:30 Lunch Summit insights & Ongoing collaboration – plenary 14:30 16:45 Celebratory Toast 17:30 Return to Hotel
Session 5
ID the Conversations • This is an opportunity to have the conversations needed to advance key challenges the GB ecosystem faces • Given the people in this room, what conversation do you propose?
Select the Conversations Vote with your feet! • Join the conversation of your choice • What conversation do you have interest, expertise, or energy for? Need at least 4 people per group • License to recruit/sway • If groups are too large, we may need to divide or divest
Table Host Responsibilities ID someone to be the "table host." This person will: • Deliver a verbal report to plenary in next session (or find a volunteer to do so) • Keep time • Keep the conversation on track and oriented to the desired outcomes There are experts and facilitators at your table to assist
Report Format 1. Title 2. What did your table discuss? • Why is this a critical topic? • How does this relate to the focus of the Summit? 3. What should people in the room hear? • Insights • Questions • Next steps
Session 6
Country-Based Insights Gallery #1: Insights across countries Gallery #2: Comparative insights Gallery #3: Non-country responses
Reflection In groups of three discuss: • What do these results tell me as a country or as a practitioner?
Reflection For countries: • Which table topic is most critical to advancing your green bank development efforts?
Discussion At tables, discuss the following: Based on what you have heard over the last two days, including the insights from this session, what are key needs and opportunities for action to accelerate green bank establishment? Action by: • DFIs and other donor institutions • Countries • Private investors • Summit organizers • Others • TA providers
Session 7
Country Support: Key themes • Knowledge sharing and best practice • External expert support on GB design and structuring • Options for financial instruments • Methods for risk management and impact management • Support in education and stakeholder support • Training of staff • Capitalization
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