Role of National Financing Vehicle in Mobilizing Climate Finance & a Look at GCF’s Private Sector Approach
Date: Oct 25, 2022
Time: 11:00 to 12:30 (KST/GMT+9)
Overview:
The session will focus on what it takes to develop National Financing vehicles with Mongolia Green Finance Corporation (MGFC) as an example, share learnings of do’s and don’ts and the status of MGFC.
The session will also look at the Private Sector Facility (PSF) set up by GCF. In order to scale up GCF’s activities and de-risk the delivery of capital flows, GCF has set up PSF, a dedicated division designed to fund and mobilize private sector actors, including institutional investors, project sponsors and financial institutions, GCF will share about the performance and learnings of PSF till date.
Dr. Ick Jin will provide an insight on ways to link ESG investment to green and climate finance via a national financing vehicle. Mr. Jin’s primary research interest includes ESG investing, sustainable development, climate finance, climate technology among others. The session will benefit from research and learnings through his academic papers and policy reports including “Analysis of the impact of achieving NDC on public climate finance,” “Is ESG a systematic risk factor for US equity mutual funds?”, “ESG-screening and Factor-risk-adjusted Performance: the Concentration Level of Screening Does Matter,” “Measuring Cross-Cutting Factors Influencing Institutional and Innovation Efficiency for I4R”, “Circular Economy Policy in Korea,” etc.
In the session on “Building the financial architecture for sustainable economic transitions, towards improving policy consistency and coordination”: We will learn about the Green Finance Platform that provides a clearinghouse of market, policy and regulatory innovations for the financial system to contribute to the transition towards a low-carbon, resilient and inclusive economy. The platform focuses on building consensus on international and national sustainable finance measures to achieve a credible alignment of financial and capital markets with sustainability goals.
We look forward for invigorating presentations and discussions to explore ideas and thoughts for unlocking the Potential of Green Growth and Climate Finance Innovations.
Event Agenda:
| Program |
|---|
| Welcome Remarks – H.E. Ban Ki-moon, President of the Assembly and Chair of the Council, Global Green Growth Institute (GGGI) (video message) |
| Presentations 1. Mongolia: Global Green Growth Institute Topic: Mongolia Green Finance Corporation (National Financing Vehicle), status update and learnings – Speaker: Mr. Tuguldur Baavai, Green investment officer 2. Global: Green Climate Fund (GCF), Independent Evaluation Unit (IEU) Topic: Going where no humans have gone before: Lessons from an independent evaluation of the private sector approach of the Green Climate Fund” – Speakers: Ms. Genta Konci, Evaluation Specialist Mr. Temurbek Zokirov, Evaluations and Capacity Consultant 3. Asia: Green Growth Knowledge Partnership Topic: Building the financial architecture for sustainable economic transitions Speaker: Ms. Camille Andre, Green Finance Manager 4. Asia: National Assembly Budget Office (Republic of Korea) Topic: Tripod for Scaling-up Climate Finance: NDC, NFV, and ESG – Speaker: Dr. Ick Jin, Director General of the Economic Analysis Department |
| Open Discussion/Q&A Facilitator: GGGI |
| Closing Remarks – Mr. Mahamadou Tounkara, Director (Office of the Director General), GGGI |