Session 4.1: Paris-Aligned Public Finance

May 29th, 2022

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This session will cover finance-related topics such as a national climate financing vehicle and ESG investing in Korea; blended finance for scaling up clean energy in Nepal; a venture capital model that uses patent licensing and intellectual capital to develop greater portability for technologies across borders; case studies of a cluster approach of green financing from the China; and the challenges of financing action on NDCs in Nepal.

Track Chair: Pil-Bae Song , Senior Clean Energy Advisor (Consultant), ADB
Moderator: Alfredo Bano Leal, Senior Energy Specialist, ADB

Program

Time (Manila) Activities
2:00 - 2:05 p.m. Introduction to the Session

  • Pil-Bae Song, ACEF Track 4 Chair
2:05 - 2:10 p.m. Introduction to Speakers and Panelists

  • Alfredo Bano Leal, Session 4.1 Moderator 
2:10 - 2:40 p.m. Presentations (10 minutes per speaker)

    National climate financing vehicle and ESG investing in Korea

  • Ick Jin, Director General for Economic Analysis, National Assembly Budget Office
  • Although the size of committed climate finance is increasing, it is far less than what is needed to implement NDC action. The Korean government has recently set up a national financing vehicle, climate response fund, to accelerate the flow of financial resources to NDC action. The fund aims to secure the financial resources needed to effectively respond to the climate crisis and promote the transition to a carbon-neutral society and green growth. We review issues in the fund's sustainability beyond initial capitalization. We discuss the potential to utilize a range of financial products to expand the conduit from ESG investing to climate finance. The presentation is closely linked to tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability (among 7 Operational Priorities in ADB's Strategy 2030).

    Blended Finance for Upscaling Clean Energy in Nepal

  • Eva Kelly Oberender, Interim DG Renewable Energy and Energy Efficiency Partnership (REEEP)
  • The Austria-Nepal Renewable Energy Blended Finance Facility employs innovative financing mechanisms for local renewable energy projects and provides capacity building activities for key stakeholders to upscale clean energy in Nepal and achieve environmental, social and gender co-benefits through the use of a blended finance instrument (the first ever Credit Guarantee Fund in Nepal) and local capacity development.

    Closing the NDC Fund Gap: Private-Public Sector Cross-Border Venture Capital Funds

  • Fred Chang, Managing Director, Qomo Capital Partners
  • By employing an intellectual property-driven investment and deployment approach, low carbon innovations can be rendered more portable across borders to APAC; adoptable for rapid deployment and scale-up; and less capital intensive. Presentation will discuss successful cases and share their Key Factors for Success to suggest applicability for further adoption throughout APAC.

2:40 - 3:15 p.m. Panel Discussion

  • Ick Jin, Director General for Economic Analysis, National Assembly Budget Office
  • Eva Kelly Oberender, Interim DG Renewable Energy and Energy Efficiency Partnership (REEEP)
  • Fred Chang, Managing Director, Qomo Capital Partners
  • Yixin Yao, Senior Research Fellow, Asian Development Bank Institute
  • Pradeep Bhattarai, Program Officer, Prakriti Resources Centre
  • Session Moderator: Alfredo Bano Leal
3:15 - 3:25 p.m. Q&A from the Audience

  • Alfredo Bano Leal, Session Moderator
3:25 - 3:30 p.m. Closing/Wrap-up

  • Alfredo Bano Leal, Session Moderator