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EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris
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EBRD MDBs JOINT APPROACH-PRESENTATION BY JAN-WILLEM VAN DE VEN FROM THE EUROPEAN BANK-OECD 16-09-2013 Paris

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This presentation is about JOINT MDB CLIMATE FINANCE TRACKING. It was created by Jan-Willem van de Ven and presented during a WORKING SESSION ON ALTERNATIVE APPROACHES TO TRACK CLIMATE FINANCE at the …

This presentation is about JOINT MDB CLIMATE FINANCE TRACKING. It was created by Jan-Willem van de Ven and presented during a WORKING SESSION ON ALTERNATIVE APPROACHES TO TRACK CLIMATE FINANCE at the OECD, in Paris, on 16 September 2013. For more information email the OECD Secretariat: stephanie.ockenden@oecd.org

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  • 1. JOINT MDB CLIMATE FINANCE TRACKING Jan-Willem van de Ven Senior Carbon Manager WORKING SESSION ON ALTERNATIVE APPROACHES TO TRACK CLIMATE FINANCE OECD, Paris, 16 September 2013 © European Bank for Reconstruction and Development 2013 | www.ebrd.com
  • 2. Outline • Climate Finance Tracking By MDBs • Summary of Joint MDB Climate Finance Approaches and 2011 results • • • Climate mitigation Climate adaptation Next steps 1
  • 3. Why is Climate Finance Tracking Important? The MDB’s co-operate in the area of climate finance tracking as to increase transparency, comparability and comprehensiveness of climate finance. The EBRD considers Climate Finance tracking of importance as it: • Enables the tracking of climate finance results against its Sustainable Energy Initiative – III target of €4.5 to €6.5 billion from its own funds, with a total project value of up to €25 billion for the period 2012 to 2014. • The identification of climate finance projects enables the mainstreaming of the climate change agenda throughout the Bank’s operations. • Enables the ability to communicate climate finance results with project sponsors and stakeholders 2
  • 4. Joint MDB Climate Finance Tracking Approaches • • • • • • In 2012 the MDBs agreed on the Joint MDB Climate Finance Tracking approaches, which is work in progress facilitating co-ordination between MDBs and other stakeholders Climate finance is defined as i) a set of eligible project activities for the mitigation finance and ii) a set of principles for adaptation finance A climate finance project or its components that meet the definition is counted from the moment the MDB finance for a project is board approved or signed. All types of financial instruments deployed (debt, equity, guarantees, technical assistance and grants) are included The MDBs include in their report climate finance based on own capital resources, and funds managed for third parties The external funding sources for the climate finance projects are separated from the MDBs’ own resources 3
  • 5. MDB Mitigation Finance, 2011 (USD M) MDB AfDB ADB EBRD EIB IDB IFC WB TOTAL MDB resources Investments and Policy-based technical instruments assistance 859 2,196 3,400 2,487 1,284 457 1,664 4,592 1,588 16,482 2,045 External resources Investments and Policy-based technical instruments assistance 185 224 132 134 3 17 412 3 1,104 • Total MDB mitigation finance in 2011 applying the approach retroactively was USD 19.6 billion. 4
  • 6. MDB Adaptation Finance, 2011 (USD M) MDB AfDB ADB EBRD EIB IDB WB TOTAL MDB resources Investments and Policy-based technical instruments assistance 593 585 181 225 13 275 2,080 224 3,677 499 External resources Investments and Policy-based technical instruments assistance 2 172 16 65 1 3 85 3 341 Total MDB adaptation finance in 2011 applying the approach retroactively was USD 4.5 billion.  Given that the data are for a single year, they should not be used to make any judgments regarding the MDBs’ commitment and engagement in delivering adaptation finance. 5
  • 7. Joint MDB Mitigation Finance Tracking Approach The typology for Climate mitigation project activities includes the following main categories: 1. 2. 3. 4. 5. 6. 7. 8. 9. Demand-side energy efficiency existing installations Demand side energy efficiency new installations Supply side energy efficiency Renewable energy Transport Agriculture, forestry and land use Waste and waste water Non-energy GHG reductions Cross-sector activities Per main category a set of eligible project types and rules have been agreed. More detail on http://www.ebrd.com/pages/sector/energyefficiency.shtml 19-09-2013 6
  • 8. Joint MDB Adaptation Finance Tracking Approach The MDB approach for adaptation is based on the following principles 1. It is purpose, context and activity based. A project must fulfill three design process criteria for finance to be reported. It must: – Include a statement of purpose or intent to address or improve climate resilience in order to differentiate between adaptation to current and future climate change and good development; – Set out a context of climate vulnerability (climate data, exposure and sensitivity), considering both the impacts from climate change, as well as climate variability related risks; – Link project activities to the context of climate vulnerability (e.g., socio-economic conditions and geographical location), reflecting only direct contributions to climate resilience. 7
  • 9. Joint MDB Adaptation Finance Tracking Approach 2. It follows a conservative approach: – To incentivize good adaptation projects to speed up transition to resilient communities and systems; – Activities that do not explicitly meet all the criteria are not included in reporting. 3. Project activities should: – Address current drivers of vulnerability, especially in poorest countries or communities when specifically designed in response to climate risks; – Build resilience to current and future climate risks; – Incorporate climate risks into investments, especially for infrastructure with a long lifespan; – Incorporate management of climate risk into plans, institutions and policies. More detailed information on: http://www.ebrd.com/pages/sector/energyefficiency.shtml 8
  • 10. Next steps • 2013 Report (2012 data) • Expected launch in November 2013 (around the COP in Warsaw) • Content of report is more elaborated (see next slide) • Continued dialogue with different stakeholders, including UNFCCC, OECD, research organisations and other (national) development banks. 16-09-2013 9
  • 11. New content 2013 Report • 2012 mitigation and adaptation data • Extended analysis – Regional breakdown (same categories for mitigation and adaptation) – Sectorial breakdown (different categories for mitigation and adaptation) • More detailed explanation of adaptation methodology (as requested by stakeholders) – Case studies of adaptation projects along with application of MDB adaptation methodology 16-09-2013 10
  • 12. Contact: Jan-Willem van de Ven Senior Carbon Manager European Bank for Reconstruction and Development E-mail: vandevej@ebrd.com Phone: + 44 20 73387821 25/11/2013 11

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