Ricardo focuses on accelerating climate finance at COP 23 side events

Ricardo focuses on accelerating climate finance at COP 23 side events
06 November 2017

Ricardo focuses on accelerating climate finance at COP 23 side events

Ricardo will discuss its ground-breaking work supporting countries to unlock funding for major climate change projects at a series of side events at the United Nations 23rd Conference of the Parties (COP 23), held from 6 – 17 November 2017 in Bonn, Germany.

Ricardo is supporting several Parties to the Paris Agreement to mainstream their climate commitments with their economic goals, and to obtain the funding required to achieve their climate change and national development ambitions.

As panel members and guest speakers at side events over COP 23, Ricardo’s policy teams will discuss the innovative approaches to unlocking climate finance that underpin this work. This includes providing direct in-country support to strengthen countries’ climate finance readiness and delivering pioneering initiatives such as the Climate Finance Accelerator.

The Climate Finance Accelerator is a unique approach to developing public-private financing solutions for climate change adaptation and mitigation projects. It brings together government, finance and capital market players from participant countries with project and green finance experts from the City of London. Participants work together to develop outline financing propositions for priority NDC projects and come away with an action plan to secure investment.

The inaugural Climate Finance Accelerator workshop was held in London in September 2017. During the week-long workshop Mexico worked with HSBC, Nigeria with Deutsche Asset Management and Colombia with BNP Paribas alongside impact investment adviser, Enclude, with Vietnam participating as an observer.

The consortium that deliver the workshops bring together the combined finance and climate policy expertise of Ricardo, PwC and climate finance specialists and concept originators Ian Callaghan and Tessa Tennant. A formal report will be published with more details of the first Climate Finance Accelerator, key lessons learned and next steps.

Emelia Holdaway, Ricardo’s Manager for International Climate Change Policy, said: “All signatories to the Paris Agreement face the challenge of converting an NDC into a project pipeline and then securing finance for those projects. That is why it is so important that we work together to support countries to develop concrete and bankable climate proposals.

“NDCs represent a global step-change from ‘business-as-usual’, charting a path to low carbon, climate resilient growth and prosperity. I look forward to joining our colleagues and partners at COP to discuss how we can deliver these ambitions and help to improve the lives of people around the world.”

For more information about Ricardo COP 23 side events, or to register to attend, visit https://ee.ricardo.com/events/cop23-bonn  

Ricardo also produces free webinars on how governments can implement the Paris Agreement, including a recent presentation on “Financing NDC implementation”.

To access these free recordings, visit https://ee.ricardo.com/downloads/climate-change/financing-ndc-implementation