Uncovering Hidden Pockets of Climate Finance
10th June 2020 2:00pm Singapore Time
- 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.