GCF Private Investment for Climate Conference 2020

Global event

14–16 Oct 2020

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  • Virtual event
  • Open to the public

The third annual GCF Private Investment for Climate Conference (GPIC) explored how to generate the private sector investments needed to create bold solutions to deal with the twin challenges of climate change and COVID-19.

Bringing together leading private and public sector actors - including financial institutions, governments, project developers, climate leaders and development banks - this virtual gathering provided a timely opportunity to share experiences, innovations and best practices for scaling up public-private partnerships.

The conference was an important link to global policy dialogues, notably the Initiative on Financing for Development in the Era of COVID-19 and Beyond, and the 2021 UN Climate Change Conference (COP 26).

Investors at the third GCF Private Investment for Climate Conference flagged the COVID-19 pandemic as a wake-up call for efforts to shift portfolios towards climate-friendly investments.

  • 55 speakers
  • 134 countries represented
  • Over 2200 participants
  • 84 banks and institutional investors
  • USD 8+ trillion assets under management
Day 1 Session 1 - Greener, Smarter, Fairer: Mobilising leadership for a low-carbon and climate resilient recovery

Speakers:

  • H.E. Macky Sall, President, Republic of Senegal
  • H.E. Sri Mulyani Indrawati, Minister of Finance, Republic of Indonesia
  • H.E. Amina J. Mohammed, Deputy Secretary-General, United Nations
  • Christiana Figueres, Founder, Global Optimism
  • Joseph E. Stiglitz, Professor, Columbia University and Winner of the Nobel prize in Economics

Moderator: Yannick Glemarec, Executive Director, GCF

Day 1, Session 2: Aligning investor portfolios with 1.5°C: Why now is the time to commit private and institutional funds where it’s needed

The View of Institutional Investors

Speakers:

  • Thierry Déau, CEO, Meridiam
  • Neo Gim Huay, Managing Director Sustainability, Temasek Holdings
  • Uche Orji, Managing Director / CEO, Nigeria Sovereign Investment Authority
  • Sujoy Bose, Managing Director and CEO, NIIF
  • Michael Barrow, Director General, Private Sector Operations, Asian Development Bank

Moderator: Tony Clamp, Director a.i. Private Sector Facility, GCF

The View from Banks

Speakers:

  • Koichiro Oshima, Managing Executive Officer, Head of Financial Solutions Unit, MUFG Bank
  • Youssef Rouissi, Deputy General Manager – in charge of Corporate Investment Banking – Member of the Executive Committee, Attijariwafa bank
  • Christian Déséglise, Managing Director, Head of Sustainable Finance and Investments, Global Banking and Markets at HSBC
  • Faheen Allibhoy, Managing Director, JP Morgan DFI

Moderator: Jiwoo Choi, Deputy Director a.i., Private Sector Facility, GCF

Day 2, Session 1 - Navigating the Energy Transition: Maintaining (and accelerating?) momentum in a post COVID-19 environment

Speakers:

  • Manoj Kohli, Country Head – SoftBank India, SoftBank Group International
  • Kevin Kanina Kariuki, Vice President, Power, Energy, Climate and Green Growth, AfDB
  • Gavin Templeton, Head of Sustainable Finance, Green Investment Group (GIG)
  • Richard Parry, Founding Partner, EleQtra
  • Megumi Muto, Deputy Director, Ogata Sadako Research Institute for Peace and Development, JICA
  • Wale Shonibare, Director – Energy Financial Solutions, Policy and Regulation, African Development Bank

Moderator: Rajeev Mahajan, Manager (Head) – Project Finance, GCF

Day 2, Session 2 - Investing in Nature: How can we get nature on the private investment agenda for a green recovery?

Speakers:

  • Hans Loth, Global Head UN Environment Partnership, Rabobank
  • Simon Dent, Blue Investments Director, Mirova-Althelia Climate Fund
  • Katherine Stodulka, Director of Blended Finance Taskforce and Sustainable Finance, SYSTEMIQ
  • Martin Berg, Partner, Pollination
  • Michael Schlup, Partner and Managing Director, Sail Ventures

Moderator: Veronica Galmez, Forest and Land Use Specialist, GCF

Day 3, Session 1 - Catalysing Market Mechanisms: Carbon pricing as a tool to finance the green and just recovery

Speakers:

  • Renat Heuberger, CEO, South Pole
  • Margaret-Ann Splawnt, Executive Director, Climate Markets & Investment Association
  • Jan-Willem van de Ven, Head Climate Finance and Climate Markets, EBRD
  • Scobie Mackay, Managing Director, Commodities & Global Markets (CGM) Business, Macquarie

Moderator: Andreas Lunding, Manager Climate Markets, GCF

Day 3, Session 2 - Breakthrough climate innovations and the role of technology transfer for Developing Countries

Speakers:

  • Bunmi Adekore, Partner, Breakthrough Energy Ventures
  • Jay Koh, Co-Founder & Managing Director, Lightsmith Group
  • Merrick Kerr, Chief Commercial Officer, Energy Vault
  • Paul Needham, Co-Founder Positive, Capital Partners
  • Sokjin Chang, Director of International Cooperation, Born2Global

Moderator: Andrei Chicherin, Head of Innovation, Technology Transfer and Co-Funding Platforms, GCF

Closing remarks: Javier Manzanares, Deputy Executive Director, GCF

GCF Side Event: GCF Simplified Approval Process and the Private Sector

Speakers:

  • Demetrio Innocenti, SAP/PPF/EDA Manager, GCF
  • Leo Park, Financial Institutions Manager, PSF, GCF
  • Kate Chang, Associate Professional, GCF
  • Katherine Bryson, Operations Assistant Consultant, GCF

Moderator: Rocio Vizuete Fernandez, Operations Assistant Consultant, GCF

Convergence Side Event: How Blended Finance is Advancing the Energy Transition

Speakers:

  • Spiwe Sibanda, Head of Product Innovation, DBSA
  • Leo Park, Financial Institutions Manager, PSF, GCF
  • Allison Archambault, President, EarthSpark International
  • Ennis Rimawi, Founder & MD, Catalyst MENA Clean Energy Fund

Moderator: Robert van Zwieten, Managing Director, Asia-Pacific, Convergence

WRI Side Event: Commercial Banks. Achieving the climate targets: Matter of time?

Speakers:

  • WRI and GCF Accreditation

Moderator: Jacob Waslander, Senior Associate, World Resource Institute

The Climate Investment Platform: Solving the Climate Finance Paradox via De-risking and Partnerships

Speakers:

  • Pradeep Kurukulasuriya, Executive Coordinator, UNDP-Global Environmental Finance
  • Oyun Sanjaasuren, Director of External Affairs, GCF

Moderator: Monica Gullberg, Renewable Energy Specialist, GCF