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Rintaro Tamaki Deputy Secretary General OECD Brussels, March 2013

The Role of International Agencies in Financing C lean Energy. Rintaro Tamaki Deputy Secretary General OECD Brussels, March 2013. Why expanding green, low-emission finance and investment matters? Closing the financing gap.

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Rintaro Tamaki Deputy Secretary General OECD Brussels, March 2013

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  1. The Role of International Agencies in Financing CleanEnergy Rintaro Tamaki Deputy Secretary General OECD Brussels, March 2013

  2. Why expanding green, low-emission finance and investment matters? Closing the financing gap Infrastructure needs to 2030 (annual, in USDtn illustration) 3 2.5 Gap? Gap ? 2 1.5 1 0.5 0 Mitigation and adaptation needs Actual spending in infrastructure Infrastructure needs Source: OECD illustration, based on estimates from WB, WEF, OECD and Kennedy and Corfee 2012,”Mobilizing private sector investment in low carbon infrastructure” • Scale-up public and private sources of capital – to “build more” • Shift sources to green, low-carbon and resilient – to “build right”

  3. What role does the OECD play to help developing countries fill the financing gap? • Mobilising private investment: Help governments strengthen domestic policy frameworks in support of clean energy infrastructure • Tracking of climate finance to and in developing countries to build trust through transparency and accountability • Scaling-up institutional investors participation

  4. Institutional Investors as a source of non-traditional private financing • With USD 75tn in assets, Institutional Investors Potentially have a role to play • Potentially ‘win-win’ situation: • low interest rate, financial turbulence, etc • increased demand for asset class that delivers steady, preferably inflation adjusted income streams Source: OECD Global Pensions Statics and Institutional Investors Databases

  5. Pension fund participation in clean energy asset financing deals (USD Millions, 2004-2011) Less than 1% of the $30 trillion in OECD pension fund assets is allocated to infrastructure … and even less to green Thermal PhotoVoltaic Source: Kaminker, C. and F. Stewart (2012), “The Role of Institutional Investors in Financing Clean Energy”, OECD Working Papers on Finance, Insurance and Private Pensions, No. 23, OECD Publishing.; Author’s analysis based on BNEF database

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