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Session Highlights:
- Experts shared ideas for where investment professionals and enabling organisations can focus to achieve full potential of climate finance. Pushkala Lakshmi Rata of IFC called for innovation not just in terms of financial products but also in terms of ‘climate assets’ in energy efficiency, climate smart agriculture, green buildings and green housing.
- Peiyuan Guo of Syntao Green Finance called for philanthropic or concessionary capital, to focus on two things: policy impact and piloting innovative new products, business models and partnerships; while Maud Savary Mornet of ResponsAbility stressed the importance of technical assistance for financial institutions and creating products that make sense for investors to build confidence and demand in the market.
- Questions were raised about whether governments should focus on green financing during the pandemic when job and food security seem to require more immediate attention. Panelists pointed to investments in energy efficiency and renewable energy as a solution for both job creation and food supply stability.
Session Description:
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This session will surface innovative finance solutions designed to attract new private sector players. Through a panel discussion and a facilitated round table conversation, a diverse range of actors, including impact investors, asset managers, mainstream finance institutions, family offices and corporations will be shown new ways to look at, and fund, climate action solutions. There will be a range of solutions presented, to spark discussion, including global climate finance schemes, alternative financial mechanisms such as climate or green bonds, and carbon markets initiatives to display how the various actors can drive sustainable finance and co-create innovative financial solutions to move capital in climate action.
Key Takeaways:
- Identify potential white-space to create opportunities in innovation
- Highlight challenges and opportunities around designing innovative financial solutions that can drive sustainable climate finance to the Asia Pacific Region
- Showcase how a diverse range of actors to the conversation including impact investors, asset managers, mainstream finance institutions and corporates can come together
- Leverage the AVPN Family Office network to introduce this new class of investors to climate finance
