Unlocking Capital Markets in the South for Climate Transition: Constructing Concrete Innovative Solutions
OCP Policy Center, Rabat
By invitation only
The COP 22 Scientific Committee is organizing a workshop on Climate Finance, in light of the COP 22 taking place in Marrakech next November. This will allow for a deeper understanding of the role that Climate Finance can play in assisting economies transition into low carbon economies. Stabilizing the global climate has become one of the most urgent challenges and alleviating climate change is today an international priority. However, it requires a cross-disciplinary approach taking into consideration science, economics, society, politics, as well as moral and ethical dimensions.
Indeed, Climate Finance is becoming one of the key solutions to alleviate climate change, as major financial investments are required to transition the world’s economy to a low-carbon path, reduce greenhouse gas concentration to safe levels, and build the resilience of vulnerable countries to climate change. Climate finance refers to local, national or transnational financing, which may be drawn from public, private and alternative sources of financing. Climate finance is equally important for adaptation, for which significant financial resources will be similarly required to allow countries to adapt to the adverse effects and reduce the impacts of climate change. The financial sector can therefore play a crucial role helping economies decarbonize, and facilitate the transition into low-carbon activities.
Today’s there needs to be a revaluation of financial systems that will lead to a realignment behind the needs for climate change and a transformative sustainable agenda, and ensure that public expenditure is best used to leverage this transformation in finance into a green space. This should happen through real economy regulation and pricing, mobilizing public spending, and significant transformative action within the financial system. It is to be noted that the sustainable finance program is not only intended to increase financing but also improve the resilience and competitiveness of financial institutions, representing new business opportunities for many.
Thursday July 21st 2016
Meeting Venue: Conference Room at OCP Policy Center, Rabat
|09:00 – 09:30
- Nizar Baraka, President, COP 22 Scientific Committee
|09:30 – 10:50
PANEL I: CLIMATE FINANCE: WHERE DO WE STAND?
The aim of this panel is to take stock of the current situation, in order to better understand the existing opportunities tied to climate finance and to transitioning into a green economy. Though Climate Finance is progressively being established as a major component of the climate change solution (providing new opportunities for investment that create stronger, resilient communities, job opportunities and healthier citizens), the current investment level is not enough. Global Climate Finance flows fall short of the estimated US $700 billion to US 1 trillion per year that is estimated to be needed. Why is this so, and what can be done to channel more investments into greener activities?
|10:50 – 11:20
|11:20 – 12:40
PANEL II: WHAT PARTNERSHIP TO FOSTER GREEN CLIMATE FINANCE IN THE SOUTH
This panel will highlight the need for collaboration, cooperation, and partnership between the North and South in jointly establishing the rules and regulations required for climate finance to flourish, especially in the South. Developed countries have made a commitment to provide US $100 billion a year by 2020 for climate change activities in developing countries, of which the Green Climate Fund. Though this is important, it is not sufficient. Therefore this panel will be looking beyond financial contributions, and focus on the ways in which the North should assist the South in developing its own Capital Markets to secure the financing needed for the green transition.
|14:10 – 14:30
|14:30 – 15:50
Panel III: WHAT INSTRUMENTS, TOOLS AND MECHANISMS ARE NEEDED TO UNLOCK TRANSACTIONS? THE REGULATORS’ PERSPECTIVE
|15:50 – 16:10
|16:10 – 17:30
PANEL IV: WHAT INSTRUMENTS, TOOLS AND MECHANISMS ARE NEEDED TO UNLOCK TRANSACTIONS? THE ACTORS’ PERSPECTIVE
|17:30 – 18:00
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