Webinar: Mobilizing Public and Private Funds for Inclusive Green Growth Investment in Developing Countries
This session will present the findings from a stock taking report prepared for the Group of 20 Nations (G20) on mechanisms to mobilize private capital, including from institutional investors, for inclusive green investments in developing countries. This work, championed by the Governments of Germany and Mexico, is intended to inform the creation of a public-private G20 Dialogue Platform on Inclusive Green Investment, bringing together all relevant actors to address existing bottlenecks and to scale up financial investments for inclusive green growth, especially in low income countries.
The G20 Development Working Group commissioned IFC, as the largest development finance institution dedicated to private sector development with a strong emphasis on sustainability, to take stock of mechanisms to mobilize private capital for green investments. IFC produced a report for consideration at the G20 Summit in St. Petersburg in 2013 that drew on insights from a series of specifically commissioned supporting documents and materials, in addition to drawing on its investment experience.
This work involved: reviewing and summarizing 160 publications and documents; mapping finance flows and identifying sectors, geographies and technologies under-served by private finance; multiple case studies on lessons learned across sectors on structuring investments, addressing barriers, and ensuring a supportive policy and enabling environment; portfolio analysis on innovative mechanisms to leverage private finance and how to scale them up; and an assessment of initiatives to engage institutional investors to identify best practices and gaps to inform approaches to be adopted by the proposed Dialogue Platform.
The report and additional information is available at www.ifc.org/Report-MobilizingGreenInvestment
Guests can register at http://mobilizing-green-investment.eventbrite.com
Aditi Maheshwari is a Policy Officer at IFC in the Climate Business Department, where she focuses on approaches for mobilizing private finance for climate related investments. She joined the IFC from the World Bank where she was a Climate Change Policy Specialist, focusing on mitigation, finance and the international negotiations. She previously worked in their Carbon Finance Unit on post-2012 policy issues with an emphasis on new market mechanisms. Prior to joining the World Bank she worked in the Climate and Energy Group at DFID leading on carbon markets. Other roles have included working on environmental and energy issues at the South African National Treasury while on an ODI Fellowship; working on mergers at the UK's Office of Fair Trading; and on oil and gas economics at the UK's Department of Trade and Industry.
Alan S. Miller is an internationally recognized authority on climate finance and policy. He recently retired from the International Finance Corporation (IFC), where he served as Principal Climate Change specialist in the Climate Policy & Finance team. His responsibilities included representing the IFC/WBG in international forums focused on climate change and green growth including meetings of the UN Framework Convention on Climate Change and the G20.
Prior to joining IFC in 2003 he was Climate Change Team Leader at the Global Environment Facility (GEF) Secretariat for six years, responsible for approval of over $1 billion in donor funding for clean energy projects in more than 70 developing countries. He was the Director for the Center for Global Change at the University of Maryland (1989-96) and served on the staffs of the World Resources Institute and Natural Resources Defense Council. He is a widely published author and taught courses at numerous universities including the University of Michigan, Maryland, Vermont (summer program), and Duke schools of law among others.
Shilpa Patel’s work focuses on understanding how to mobilize private capital for climate investments in developing countries. She consults for a number of organizations on climate finance. Previously, she worked at the International Finance Corporation, where she headed IFC’s work on climate change strategy and metrics, supporting the corporation’s climate change agenda and commitment to increase its climate-friendly lending. She has also worked at the World Bank on private sector development across a number of sectors, regions and economies in transition. She has also held the position of Adjunct Professor at Georgetown University’s McDonough School of Business, where she taught courses on Project Finance.