The industrialised countries have committed to a goal of jointly mobilising USD 100 billion per year by 2020 for climate projects in developing economies. These are projects within renewable energy such as wind, solar and biomass projects, and within energy efficiency.
There are, however, many challenges connected with financing and executing climate projects in developing economies as the projects entail large risks. EKF has therefore taken this initiative to explore how export credit agencies worldwide can do more to make climate projects a reality.
On 19-20 September EKF will host a workshop where 70 leading international experts in climate change and finance will prepare a catalogue of concrete ideas on ways to meet the financial challenges of realising climate projects in developing economies.
Input to the political debate
The catalogue of ideas will be the contribution from the export credit agencies to the Climate Ministerial in Copenhagen on 24 October and to the Climate Change Conference, COP 19, in Warsaw in November.
”EKF has taken this initiative based on our many years’ of experience in financing of climate projects. Our aim is to bring together public and private players because export credit agencies cannot do it alone. Most recently, EKF played a major role in negotiating a new OECD climate sector agreement. The agreement enables ECAs to offer more flexible financing terms for climate projects,” says Anette Eberhard.
She adds that the aim of the workshop is also to strengthen cooperation between export credit agencies and other financial institutions including private investors on financing of climate projects. It can help the OECD countries reach their target of billion dollar investments in developing economies.
Christian Friis Bach, the Danish Minister for Development Cooperation will introduce the workshop which takes place over two days at the Tivoli Congress Center. Among speakers at the workshop are from Denmark Torben Möger Pedersen, CEO of PensionDanmark and from abroad Lauren Toretta from CH4 and James Brache, Zurich Emerging Market Solutions.
See the full agenda.
Mariane Søndergaard-Jensen, head of International Relations, tel +45 35 46 26 15.
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workshop in ECA and private sector climate finance in developing countries