CPI at the 2024 Spring Meetings
Climate Policy Initiative experts will host and present at several events during the 2024 Spring Meetings of the International Monetary Fund and the World Bank Group that will cover international financial architecture reform, urban climate finance, FX risk, and other topics.
All times below are EST
Sustainable Finance to Boost Impact: Platforms and Instruments
Tuesday, April 16; 3:30-6:00pm
CPI’s Barbara Buchner will moderate Panel 2 “Innovative Instruments to Mitigate Risks” at this event, hosted by the G20 Brazilian Presidency, the Institute for Climate and Society (iCS), and the Wilson Center’s Brazil Institute, which will delve into the critical topics under the purview of the G20 Sustainable Finance Working Group.
Panelists:
• Avinash Persaud, representative from IDB, to present innovation with Brazil Hedge mechanism
• Tariye Gbadegesin, CEO of Climate Investment Funds
• Harald Hirschhofer, Senior Advisor, TCX
• Ambassador Majid Al Suwaidi, COP28, Director-General and CEO of Alterra Fund
Designing the new finance architecture for adaptation and resilience
Wednesday, April 17; 11:00am – 12:30pm
Climate adaptation is vastly under-financed. This poses systemic risks to economic stability, especially for the most climate-vulnerable countries.
The private sector can drive transformational climate resilience progress. When public finance concurrently unlocks capital markets, the positive potential for change increases dramatically. As adaptation and resilience work becomes increasingly urgent, insurers, banks, and investors worldwide are recognizing the risks of inaction as well as the emerging opportunities and benefits of adaptation and resilience.
CPI’s Barbara Buchner will speak at this event, hosted by the Adrienne Arsht-Rockefeller Foundation Resilience Center, which will consider how to put adaptation finance at the heart of the global agenda.
Currency Risk in Climate Finance
Thursday, April 18; 2:00-3:00pm
Currency risks, stemming from mismatches between predominantly hard-currency financing—including from MDBs—and local-currency revenues, have a direct impact on the volume of and flow of climate finance in emerging markets and developing economies. In recent years, a variety of tools and instruments have been developed or proposed to facilitate local currency lending and mitigate exchange rate risks, both with and without a climate focus.
Building on CPI’s forthcoming paper on currency risks, this event, hosted in partnership with the Gates Foundation, will examine currency risk solutions and local currency lending from a range of viewpoints, with a focus on how they impact or support climate-related projects.
Speakers will include:
- Prasad Ananthakrishnan, Unit Chief, Climate Finance Policy Unit, Monetary and Capital Markets Department, IMF
- Erik Berglǒf, Chief Economist, AIIB
- Barbara Buchner, Global Managing Director, CPI
- Harald Hirschhofer, Senior Advisor, TCX
- Nicole Pinko, Manager, CPI
