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Innovative Financing Options for Climate Change-related Transfer and Development of Technologies

Innovative Financing Options for Climate Change-related Transfer and Development of Technologies. Paul van Aalst September 27, 2004 EGTT – Montreal paulvanaalst@planet.nl. Guten Morgen !. YES !!. NO !. E = mc 2. “Neue Kombinationen”. Program. Introduction

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Innovative Financing Options for Climate Change-related Transfer and Development of Technologies

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  1. Innovative Financing Options for Climate Change-relatedTransfer and Development of Technologies Paul van Aalst September 27, 2004 EGTT – Montreal paulvanaalst@planet.nl EGTT - Montreal - 23 September 2004

  2. Guten Morgen ! YES !! NO ! E = mc2 “Neue Kombinationen” EGTT - Montreal - 23 September 2004

  3. Program • Introduction • Secrets of Innovative Financing • Key Words • Linkages • “Loud – Long – Legal” • Barriers and how to deal with them • Examples and what YOU can do • Cases and how these apply • Tools to take away EGTT - Montreal - 23 September 2004

  4. Key Words for “Access” • Access to financing depends on: • Added value for stakeholders • Transparent, Accountable, Credible • Sustainability: not just the environment • Nothing New; No Secrets • No rocket science EGTT - Montreal - 23 September 2004

  5. CC - Financing Characteristics EGTT - Montreal - 23 September 2004

  6. Quantify Added Value Return Components Project-phases Climate Change return Social return Econo-mic returns Other returns Total (financial) return % / $ A: Research A B: Development B C: Pilot Implementation C D: Commercial Implementation D Total A+B+C+D EGTT - Montreal - 23 September 2004

  7. Accountable + Transparent Sustainability • … accountability and transparency in sustainable development performance. • … stepping up the development of bank products addressing environmental, social and ethical issues; • … validating the bank's sustainable development strategy through dialogue with both internal and external stakeholders. • … actively support initiatives and businesses in clean or renewable energy technologies. Source: ABN AMRO (leader in the Dow Jones Sustainability indexes. (Quotes from a one-pager) EGTT - Montreal - 23 September 2004

  8. Barriers MACROLEVEL BARRIERS : COUNTRY Country risk Limited financial infrastructure Weak, uncertain and unbalanced economic situation Limited legal infrastructure MESOLEVEL BARRIERS : SECTOR OR THEME “First-time” effect Regulatory framework Cross subsidies / unfavourable taxation Limited knowledge infrastructure or business infrastructure MICROLEVEL BARRIERS : PROJECT Capacity in local implementing and other stakeholders Project- and site-related data EGTT - Montreal - 23 September 2004

  9. General financing instruments • Project finance • Public Private Partnership (PPP) • Build–Operate–Transfer (BOT) • Export Credit Agencies (ECAs) • Grants and subsidies EGTT - Montreal - 23 September 2004

  10. Climate change related financing • Multilateral and Intergovernmental organizations • Global Environment Facility (GEF) – Climate Change Programme • Special Climate Change Fund (SCCF) • Least Developed Countries Fund (LDCF) • Adaptation Fund (AF) • World Bank - Carbon Financing • United Nations Environment Programme (UNEP) EGTT - Montreal - 23 September 2004

  11. Climate change related financing (2) • Country-based instruments • Carbon Trust (United Kingdom) • Green Financing (the Netherlands) • Energy for Rural Transformation (Uganda) • Polish National Fund for Environmental Protection (Poland) EGTT - Montreal - 23 September 2004

  12. Climate change related financing (3) • Other financing models • E+Co • REEEP • Deal brokers and market facilitators • Financing instruments under construction • JREC European Union-Patient Capital Initiative • The Netherlands EBRD Carbon Fund EGTT - Montreal - 23 September 2004

  13. Cases: • AT Biopower • Poland Efficient Lighting Project (PELP) • Canada Biodiesel Project: • Buses in Toronto • Garbage trucks in Winnipeg • Cruise boats in Montreal EGTT - Montreal - 23 September 2004

  14. Guidelines for innovative financing • Tool 1: Added value for stakeholders • Tool 2: Linkages to other themes • Tool 3: Loud, Long, Legal – an effective policy framework EGTT - Montreal - 23 September 2004

  15. “Danke sehr und auf Wiedersehen” EGTT - Montreal - 23 September 2004

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