CPI at COP29
Climate Policy Initiative experts will host and present at several events during COP29 in Baku, Azerbaijan.
All times below are in Azerbaijan Standard Time
OPTIONS FOR ALIGNING INTERNATIONAL FINANCIAL FLOWS WITH CLIMATE OBJECTIVES AND COUNTRY PRIORITIES
November 12; 9.00-10.30
IDFC Pavilion
Country platforms are increasingly being seen as part of the solution to enable the mobilization of international finance, while ensuring its alignment with national priorities and climate objectives. This event will highlight several ways to improve the country-level impact of international climate and development finance, and the associated conditions for success.
CPI Analyst Neil Chin will speak remotely at this event.
Bioeconomy for Sustainable Development: the G20 High-level Principles on Bioeconomy in practice and the Amazon region
November 12; 19.00 – 20.30
OECD Virtual Pavilion
The bioeconomy is gaining traction worldwide, highlighted by the recent publication of the “G20 High-level Principles on Bioeconomy” and the release of at least 30 dedicated national bioeconomy strategies, covering 75% of the global GDP. As nations seek sustainable solutions to foster economic growth and social inclusion while decarbonisng their economies and preserving biodiversity, the bioeconomy offers a pathway towards this dual objective. The Amazon region in Brazil serves as a model for the implementation of a new bioeconomy paradigm, where a rich biodiversity and natural resources co-exist with a diversified economic system, cultural diversity, a large population and social inclusion challenges in rural and urban areas.
This session brings together government representatives, think tanks and international institutions to discuss how bioeconomy policies can promote sustainable development in practice. The case of the Amazon region in Brazil will be examined to provide lessons and pathways for action.
The session will present preliminary findings from the OECD report on “Bioeconomy for Sustainable Development in the Amazon region”. Government representatives and experts involved with bioeconomy policies will share their experiences and provide insights for a future agenda to increase value generation, equity and environmental conservation.
Joana Chiavari, Research Director of CPI/PUC-Rio, will speak at this event.
Financing Energy Transition in SEA region: challenges and opportunities for Global Stocktake
November 13; 10.00-11.00
Regional Climate Foundation Pavilion
In Southeast Asia, there are about 106 GW of active coal fired power capacity and another 40 GW in the pipeline as of July 2023. Thus, phasing out the use of unabated coal power will play a crucial role in the decarbonization of Southeast Asian economies. The region is characterized by particularly young coal power fleet, with 13 years of average age as of 2023 (Global Energy Monitor, 2023). Furthermore, coal is still the largest contributor to the region’s electricity mix, contributing about 40 % in 2020 (IEA, 2023), and about 30 % (around 500 million tons) of the region’s energy-related CO2 emissions in 2020. ASEAN Centre for Energy (2023) estimated that the region’s electricity use would grow at around 4 % per annum to 2050. In a baseline scenario, electricity generation may reach 3388 TWh per annum by 2050, with coal still contributing a 34 % share.
Moderator:
- Barbara Buchner, Global Managing Director, CPI
Panellists:
- Berliana Yusuf, Senior Analyst of CPI: Landscape of power sector financing in Indonesia
- Maya Rani Puspita, EVP Corporate Finance of PT PLN: Financially feasible pathways to reduce coal portfolio (TBC)
- Gerry Arances, Executive Director of CEED: early coal retirement and energy security
- Bogi Hojgaard, Energy Transition Associate Director of Carbon Trust: Scenarios for coal early retirement
Private Roundtable: The Equity Financing Gap in EMDEs
November 13; 14.30 – 16.15
SDG7 Pavilion
The World Bank Private Sector Investment Lab (PSIL) has identified a need to dramatically accelerate equity deployments in EMDEs, and is working to establish a body of research on this topic, driven by Allied Climate Partners (ACP), Climate Policy Initiative (CPI), Glasgow Financial Alliance for Net Zero (GFANZ), and Three Cairns Group in conjunction with key experts.
CPI’s Global Managing Director, Barbara Buchner, will present findings from CPI’s Global Landscape of Climate Finance at this invite-only session.
Green Guarantee Group – Unlocking private capital at scale for the green transition in EMDE
November 13; 16.30 – 18.00
German Pavilion
There is an urgent need to secure additional, predictable, and adequate financial resources at scale to support the green transition, particularly in emerging markets and developing economies. A large part of existing liquidity in global financial markets could and should be made available to support the green transition. In this context, guarantees are an important, yet underused tool for mobilizing private capital for green investments. The landscape of guarantee instruments and involved actors is fragmented and their role in financing the green transition is still marginal. This is where the Green Guarantee Group (GGG) comes in.
The GGG seeks to address existing gaps in current climate investment flows by focusing on the potential of guarantees. The Group aims to create a more comprehensive understanding of the existing types of mechanisms and how to better leverage them. The GGG recognized that amongst other barriers coordination and standardization are two important factors. This is why the event will gather experts to dive deeper into the potential of aligning forces, while focusing on addressing the challenges and opportunities associated with mobilising finance for the green transition in EMDE.
CPI’s Global Managing Director, Barbara Buchner, will moderate this event, which will present the GGG, exchange on the state of play of guarantees with a particular focus on coordination and standardization aspects, and to discuss the ambition and priorities of the Green Guarantee Group with key stakeholders.
Private Sector Climate Resilience and Adaptation Investment Reception
November 13; 19.30-21.30
CPI’s Global Managing Director, Barbara Buchner, will present findings from CPI’s adaptation finance tracking work at this invite-only event.
Unlocking sustainable finance during times of limited fiscal space
November 14; 9.30 – 11.00
Africa Pavilion
This event aims to share the direction of the Sustainable Debt Coalition and outline the way forward. It will also provide countries with concrete solutions to access concessional sustainable finance instruments, like sustainability-linked bonds and blue financing vehicles, to achieve debt sustainability that doesn’t compromise climate ambitions. Lastly, this event will convene government officials, international financial institutions, and other parties to accelerate the momentum to develop the Coalition further and plan its inaugural convention in early 2025.
CPI Senior Analyst, Zeineb Ben Yahmed, will speak during Panel II: Exploring innovative sustainable solutions in a world of fiscal constraints, which starts at 10.30 am.
Global Climate Finance Framework
November 14; 11.00 – 11.45
UAE Pavilion
CPI’s Global Managing Director, Barbara Buchner, will speak at this event organized by the COP28 team to discuss the Climate Finance Reform Compass.
Speakers will include:
- His Excellency Ambassador Majid Al Suwaidi ALTERRA CEO and COP28 Director General & Special Representative
- Barbara Buchner GMD of CPI
- Ali Mohamed Kenya’s Climate Envoy
- Ivan Oliveira Coordinator of Brazil’s G20 Finance tracks
- Maria Kozlowski SVP for Innovative Finance Rockefeller Foundation
Climate Finance for Fast Action on Methane Reduction and Just Transition in the Waste Sector
November 14; 11.30 – 13.00
Side Event Room 9
Efforts to increase climate finance and reduce methane emissions in the waste sector must be aligned with environmental justice principles. This event will present the latest research findings on this topic, along with best practices on methane reduction with local communities and city officials.
CPI Senior Analyst, Berliana Yusuf, will speak at this event.
Event organizers: Global Methane Hub, Government of Brazil, Climate Policy Initiative, GAIA (Global), International Alliance of WastePickers, Instituto POLIS (Brazil), YPBB (Indonesia), Zero Waste Cities Network (Philippines).
The Role of the Insurance Industry in Unlocking Capital
November 14; 16.00 – 17.30
Special Event Room 2 – Mugham
This Marrakech Partnership Implementation Lab will explore a plan for delivery of an Enabling Insurance Breakthrough (EIB) to mobilize insurance, industry and finance in order to catalyse a paradigm shift needed to derisk & help accelerate the implementation of the 2030 Climate Solutions.
CPI’s Global Managing Director, Barbara Buchner, will speak at this event. CPI is a co-organizer along with Insurance Development Forum (IDF), World Business Council for Sustainable Development (WBCSD), Howden Group, Ambition Loop, Climate Bonds Initiative, RMI & Imperial College.
Other speakers include:
- Ana Rovzar, Director of Policy & Public Affairs, Global Renewables Alliance
- Kirsten Dunlop, Chief Executive Officer, EIT Climate-KIC
- Steven Lang, Managing Director, Pollination Group
- Gonzalo Muñoz CMG, Ambition Loop Founder, UN Climate Change High-Level Champion from the COP25 Presidency
- Rowan Douglas, CEO, Climate Risk & Resilience, Howden
- Anthony Hobley, Deputy Chair of Climate Risk and Resilience, Howden Group
- Craig Pettengell, Insurance Co-Lead, Climate Champions Team
Rowing In the Same Direction: How Can Country Platforms Drive Policy Coherence for Climate and Nature?
November 14; 18.30 – 20.00
Side Event Room 7
The event will provide insights from the perspectives of representative decision-makers and Global Environment Facility (GEF) programs on initiatives to promote policy coherence, particularly through country platforms, to help close the climate and nature financing gap. Country representatives and practitioners will share their experiences and lessons learned and explore ways to expand and replicate positive outcomes in the future and inform current and future programming efforts of the GEF.
CPI’s Global Managing Director, Barbara Buchner, will moderate this event with speakers:
- Ananthakrishnan Prasad, Unit Chief of Climate Finance Policy Unit, IMF
- Avinash Persaud, Special Advisor on Climate Change to the President of the IADB
- Carlos Manuel Rodríguez, GEF CEO
- Crispian Olver, ED of Presidential Climate Commission, South Africa
- Maria Netto, Executive Director, Instituto Clima e Sociedade
- Max Andonirina Fontaine, Minister of Environment and Sustainable Development, Madagascar
- Rachel Kyte, UK Special Representative on Climate
- Rémy Rioux, CEO, AFD
- Stacy Swann, Co-founder, Resilient Earth Capital
The benefits of restoration: aligning public and private strategies for job and income generation and fulfilling the Paris Agreement
November 16; 13.45 – 15.00
Hub Amazônia Pavillion
The restoration of native vegetation is crucial for Brazil to maintain its ecosystem and socioeconomic services while contributing to climate change mitigation and adaptation, as well as fulfilling goals set in international treaties such as the Paris Agreement and the Kunming-Montreal Agreement, and in national policies like the National Plan for the Recovery of Native Vegetation and the Native Vegetation Protection Law. This panel will discuss the public policies and financial incentives needed to achieve the commitment to restore 12 million hectares of native vegetation and create over 2.5 million jobs by 2030, as well as the engagement of civil society and the private sector in this agenda, which is essential for it to become a lever for socioeconomic development and environmental conservation. Additionally, new data from the Restoration and Reforestation Observatory will be presented, showing the progress made by the sector in the last three years.
Juliano Assunção, Executive Director of CPI/PUC-Rio, will speak at this event. CPI is a co-organizer along with Brazilian Coalition on Climate, Forests and Agriculture, Arapyaú Institute, Amazon Environmental Research Institute (IPAM), International Institute for Sustainability (IIS), The Nature Conservancy Brasil (TNC Brasil), Conservation International Brasil (CI Brasil), Agroicone, World Resource Institute Brasil (WRI Brasil), WWF Brasil.
Mobilizing Climate Finance for Land Use
November 18; 9.00 – 10.30
Hub Amazônia Pavillion
This event aims to address the critical role of climate finance in advancing the transition to a low-carbon economy. It will explore strategies to channel financial flows toward activities that mitigate greenhouse gas emissions and enhance climate resilience, with a focus on land use as a key sector for decarbonization. In Brazil, climate finance for land use averaged R$ 88 billion annually between 2020 and 2023. Despite the importance of climate finance, significant challenges remain, including mobilizing adequate resources, setting clear funding priorities, and ensuring transparent and effective allocation. The panelists will discuss gaps and opportunities to optimize public and private funding in developing countries, drawing insights from Brazil’s experience.
Juliano Assunção, Executive Director of CPI/PUC-Rio, will speak at this event.
Financing the agrifood system transformation
November 19; 15.00 – 16.30
Special Event Room 2 – Mugham
FAO is co-leading programming with IFAD, EBRD, the World Bank, and the COP29 Presidency on Food, Water, and Agriculture Day. The agenda includes this event, which explores how to scale up investments to increase resilience, ensure food security, reduce emissions and protect the environment. At the event, FAO will launch a report co-published with the ClimateShot Investor Coalition (CLIC), analyzing three gaps in the climate transition for agrifood systems: planning, finance, and data.
Supporting climate risk management practices: how financial institutions go beyond disclosure
November 19; 16.00 – 17.30
IDFC Pavilion / Virtual
Financial institutions are significant drivers towards resilience against climate impacts through the integration of climate-related risks into their frameworks and strategies. This event intends to highlight recent findings on climate risk management relevant to financial institutions and have them share their experience on how they can work together for better climate risk management, and on how they can develop financial instruments that adapt to the risks their counterparties might be facing. This will help them better contribute to addressing global climate risks, target their assistance to increase resilience in local economies, going further beyond risk disclosure.
CPI Analyst, Jaspreet Kaur, will speak at this event virtually.
National development banks’ Urban Climate Action
November 20; 14.00-15.30
IDFC Pavilion
Cities generate around 70% of the global greenhouse gas emissions and are highly vulnerable to climate change. National development banks (NDBs) are well positioned to support cities’ climate-smart infrastructure projects – they often have long-standing relationships with local public and private sectors, can provide local currency funding at attractive financial rates and usually also offer support in the form of guarantees or grants for technical assistance.
During this event, Banks will be invited present the efforts that they are making in order to systematically improve their institutional readiness for financing and advising on urban low-carbon and climate-resilient infrastructure with the objective to increase their financing commitments with climate benefits, thereby unlocking further financing from a range of local/international private and public sources.
CPI Manager Kristiina Yang will speak during this event.
