CFD - Centre for Finance and Development’s Post

🌏♻️ I'm honored to be participating at the #IslandFinanceForum organized by the Island Innovation group. I will be moderating a panel focused on the barriers to #climatefinancing, #innovative funding mechanisms such as #blendedcapital for climate #mitigation and #adaptation, and varied approaches to improve the enabling environment for scaling #naturebased solutions and #cleantech deployment alongside key thought leaders in this space: - Jorge Rodrigues de Almeida, Financing Expert, Clean Energy for #EU Islands Secretariat - Cindy Cisneros-Tiangco, Principal Energy Specialist, Asian Development Bank (ADB) - Jeane Nikolai, Director of Energy, Government of #Bermuda The Island Finance Forum brings together senior #financiers, #development partners and #regulators to share and exchange expertise on #sustainable and #inclusive financial structures in island communities. The Forum aims to highlight the unique financial challenges faced by global island communities and the solutions for sustainable economic recovery and inclusive growth in a post-pandemic world. The Island Finance Forum will cover a range of topics including: 🔌 Island Energies: Powering Sustainability through #RenewableEnergy Finance. 🌊 Harmony in the Blue: Navigating the Nexus of #BlueEconomy, Ocean #Conservation, and Sustainable Finance. 🗺️ Charting the Future: Advancing the SIDS Agenda for the Next Decade.

In Panel 05 "Funding Decarbonisation," the discussion centered around the critical role of finance in driving the transition to a low-carbon economy. With the speakers on the panel, the conversation explored strategies to unlock capital for sustainable projects and incentivize decarbonization across the industry. The dialogue emphasized how innovative financial instruments and collaborations between the public and private sectors are essential in overcoming funding challenges. The panel successfully showcased how businesses can access the necessary funds to invest in sustainable technologies, reducing their carbon footprints while maintaining profitability. The session left attendees with actionable insights on tapping into global financial frameworks to support climate action. The vibrant discussions will undoubtedly shape future investments in the decarbonization journey.  Visit our website for more details: climateactionforumbd.com #BangladeshClimateActionForum2024 #ClimateAction #Sustainability #ClimateChange #SustainableFuture Auko-Tex Group Ali Mushtaq Butt, Embassy of Denmark in Bangladesh Elvan Gedik Duval, H&M Julien Deur IFC - International Finance Corporation Rozalin Islam, JAMUNA GROUP Sebastian Groh, SOLshare Dr. Vidhura Ralapanawe, Cascale, Epic Group

First, many thanks to GIZ Bangladesh for facilitating my participation in the Bangladesh Climate Action Forum 2024 and to Mostafiz Uddin for being such a great host. Second, this was the perfect opportunity to officially launch OneTrueSOL (OTS), a collaboration between ONETOWATCH, Truvalu, and SOLshare. OTS decarbonizes the #fashion supply chain by helping companies and brands reduce their GHG emissions through reliable, timely, and profitable #solar solutions in a collaborative way. To date, the mostly transactional relationship between brands and producers has made things complicated, in combination with every challenging regulatory framework and largely non-functional capital markets in #Bangladesh, leading to little progress in decarbonizing the sector. The Greener Garments Initiative (GGI) spearheaded by BESTSELLER is a laudable exception here and can rightfully serve as an example. However, there are at least two caveats: 1. It is a fallacy we all too often fall for that the fact that Bangladesh is a global leader in the number of green factories means that we are making significant progress when it comes to the sector's decarbonization. We are not. a) A LEED certification does not necessarily go hand in hand with significant CO2 reductions. b) There are thousands of factories in Bangladesh, we need to see action actions across these, not in 229. 2. As long as factories majorly use captive gas (and are often not even connected to the national grid) the CO2 footprint won't change much, no matter how many rooftop solar we install, nor if we introduce C-PPAs. We need to electrify the sector as much as possible but also get all factories connected to the national grid. In the interim, solar + storage should be at par or better than a diesel genset - SOLshare will look into this closer and start to prepare offers (CAPEX & OPEX based). We need development cooperations to step in to derisk those investments, especially for the smaller factories as too often the shiny offers are in fact not accessible or only accessible to the few but this is exactly not the mandate of dev finance! Moreover, what is becoming increasingly clear to me while talking to some of the factory owners is that they prefer CAPEX for reasons I have yet to fully grasp. It seems to be that they underestimate the responsibility of taking care of an asset over the course of 20 years they know very little about and base their return assumptions on theoretical models only & without considering opportunity cost. Lots to do, so let's get to work, less talking and more doing is the need of the hour, for all parties involved, brands, factories, dev orgas, financiers, EPCs, and policymakers.

Why and how do you decarbonize an emerging growth economy? The thesis is simple: international collaboration is key in driving decarbonisation through mobilization of sustainable investments to build integrated value chains. Not only to tap capital but new technologies, skills and market access in a world moving towards net zero future. Denmark 🇩🇰 and its world leading Danish businesses are pushing for $2+ billion breakthrough investments to realize the first offshore wind energy project in South Asia and the first green port project in Bangladesh. Thanks to Climate Action Forum and we remain commi to work diligently with all our stakeholders to deliver high impact transformative change.

Capital markets play a critical role in redirecting capital from harmful impacts to nature and to closing the US$700 billion biodiversity finance gap for a nature-positive future.      At First Sentier Investors, we are committed to taking a meaningful role in addressing the nature crisis. We are members of leading international bodies like the Cambridge Institute for Sustainability Leadership (CISL) and its related working groups.      Our Responsible Investment Director, Joanne Lee, CFA, contributed to CISL’s recent report titled ‘Scaling Finance for Nature – Barrier Breakdown’, as a member of the CISL Nature-related Finance Steering Group. This report outlines how financial institutions are poised to create positive impacts as intermediaries of the real economy and break down regulatory and knowledge barriers towards a nature-positive future.      To read the report in full, visit the CISL website: https://lnkd.in/gHa494rU    #SustainableFinance #Biodiversity #NaturePositive #PrivateFinance #GlobalBiodiversityFramework Centre for Sustainable Finance (CISL) Report source: Cambridge Institute for Sustainability Leadership (CISL), 2024

The #IA is pleased to be a supporting organisation of the Earth Forum 2024, where esteemed speakers will delve into important topics on transition finance including product innovation, climate-related financial disclosure and transition risk management. Don’t miss the opportunity to learn more about how the financial sector can support net-zero emissions to ensure a greener and better future for generations to come.  #InsuranceAuthority #GreenFinance #ESG #Sustainability

🌍 The Sustainable Investment Forum is back in Paris on May 2nd, with Official Event Partner United Nations Environment Programme Finance Initiative (UNEP FI). Join us to drive collaboration, dialogue, and clear standards for sustainable practices across asset classes and portfolios: j1l.in/6vC7cL 🎥 Watch the video below to discover the key themes we'll be exploring, and why attending this year is a must ⬇️ #SustainableInvestment #SINVEurope #ClimateAction

Adina Welsh at Kapital Events #NetZero #Economy #Forum yesterday: "Why is green certification important? ✅   It is one of the main drivers towards sustainable economy. ✅   It promotes and increases valuations. ✅   It leads to increased productivity of the occupiers. ✅   It ensures compliance with the ever-evolving set of rules, strict regulations and standards." #netzeroeconomy #esg #greencertification #greeneconomy #greenbuildings

🌿 Join NatureFinance in London at Environmental Finance’s Natural Capital Investment EMEA Conference. 🟩 Taking place on the 12th of March, the conference will explore integrating nature and biodiversity within financial architecture. 💬 Barbara Oldani of NatureFinance will moderate a panel discussion on how sovereigns can lead the transition towards a nature-positive planet. ⬇️ Taking place from 14:15 (GMT), the panellist will discuss: 🍃 How to embed nature in sovereign debt solutions. 🔀 The way debt-for-nature swaps are being structured.  🌊 How to approach the opportunities that blue bonds provide. 📑 Existing guidance on accelerating nature-positive investment. 🗣️ Panellists include Justine Leigh-Bell, Executive Director, Anthropocene Fixed Income Institute \ Simone Utermarck, Senior Director, Sustainable Finance, ICMA - International Capital Market Association \ Jojo Ow, CFA, Executive Director, Sustainable DCM, Standard Chartered. ⏩ Register to attend here: https://lnkd.in/dNzXiSuv 👤 Barbara Oldani is the Stakeholder Engagement Lead for the Sustainability-Linked Sovereign Debt Hub (SSDH) ➡️ More information on the Hub here: https://www.ssdh.net/ #efnatcap #NaturePositive #NatureFinance #MakingNatureCount #SustainableFinance

🗓️ Eurosif is pleased to partner with Climate Action for the Sustainable Investment Forum Europe 2024, which returns to Paris, France this year on the 2nd May for its 7th edition. 🌱 The Sustainable Investment Forum Europe 2024 will provide discussions on #decarbonisation, as well as pioneering work on nature and #biodiversity, adaptation, the #JustTransition and leading research and best practices to identify, measure, disclose, and manage #sustainability risks. 🎤 Eurosif Executive Director, Aleksandra Palinska, will be discussing the current state of play in sustainable finance and responsible investing in Europe alongside distinguished representatives in the fields of asset management and sustainable investment. ⏰ Register before its too late: https://j1l.in/4LFNCb #SINVEurope