Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Pauw p 20150709_1730_upmc_jussieu_-_amphi_24

182 views

Published on

cfcc15

Published in: Science
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (Unlimited) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download Full EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ACCESS WEBSITE for All Ebooks ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download doc Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Pauw p 20150709_1730_upmc_jussieu_-_amphi_24

  1. 1. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Private finance for adaptation: Do private realities meet public ambitions? Pieter Pauw, 09.07.15, OCFCC Deutsches Institut für Entwicklungspolitik/ German Development Institute (DIE) Research in cooperation with Richard Klein, Pier Vellinga & Frank Biermann
  2. 2. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Content of presentation Private finance for adaptation: Do private realities meet public ambitions? 1. Background 2. Existing private contributions towards adaptation 3. UNFCCC’s Private Sector Initiative 4. Conclusion & Discussion 2
  3. 3. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Background (I)  UNFCCC negotiations are country-based , yet increasing emphasis on private actors: 3  Private sector as source of finance in Copenhagen USD 100 billion climate finance pledge  Literature is still about conceptualizing private climate finance  Increasing need to demystify concept of ‘adaptation’ ‘Changes in corporate behaviour, and in the way private investment is directed, will prove at least as significant in winning the climate battle as direct Government action’ (Kofi Annan, SG UN, at COP12 in 2006)
  4. 4. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) 1. Background (II)  Public funding alone is likely to be insufficient to address climate change (AGF, 2010)  ‘unique expertise, a ‘capacity to innovate and produce new technologies for adaptation’ (UNFCCC, PSI text) 4 86% 14% Overall global investments (UNFCCC, 2007) Private Public 90% 10% Dependent on private sector for income in DCs (SER, 2011) Private Public
  5. 5. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) 1. Background (III)  Public sector - cost narrative: secondary response to CC; public good; address incremental impacts or reduce vulnerability of economy, society and ecosystems  Private sector - revenue narrative: reasonable, relatively quick and predictable returns, at acceptable risks  adaptation and mitigation mostly side-benefits 5 Climate risk m’ment Adapt operations to stay in business or to maintain profit levels under changing climatic conditions •Direct risks •Indirect risks PRIVATE MOTIVATION TO ADAPT Business opportunities •Market for new and innovative products •Increased amount of public support for implementation of adaptation projects
  6. 6. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) 6 Direct and indirect climate risks for business Impact on markets Extreme weather Financial risk Political risk Regulatory and legal risk Rising insurance policies Impacts on local communities/workforce Disruption of supply chains Water scarcity Sea-level rise Temperature change Local exposure Distant exposure Increased competition for resources Reputational risk Direct risks Indirect risks Legend Adapted from Pauw (2014) based on e.g. PwC (2010), UN Global Compact et al (2011) and Naidoo et al. (2012) e.g. new land use or zoning regulations; water use efficiency standards damage to physical assets (e.g. infrastructure) and agricultural production (e.g. soil salination) decreasing reliability of supplies (e.g. electricity, agricultural commodities
  7. 7. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Existing private adaptation contributions  Literature: – Atteridge, (2011); Biagini & Miller (2013); Christiansen et al, (2012); Intellecap (2010), Kato et al (2014); Naidoo, Vaz & Byaba (2012); Oxfam America (2009); Pauw (2014); PwC (2010); Stenek et al., (2013); Surminski (2013); UN Global Compact and UNEP (2012); UN Global Compact, UNEP, Oxfam and WRI (2011); etc. etc. etc.  Private Sector Initiative (PSI) of the UNFCCC Nairobi work programme on impacts, vulnerability and adaptation to climate change 7
  8. 8. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Existing private adaptation contributions: PSI  Paper on PSI database (Pauw et al., in review): – Private adaptation projects: all over the world, in all sectors – Multinationals, but also medium-sized enterprises – At all levels: from local (61%) to regional (17%)  Do such PSI projects meet 10 ‘climate finance criteria’? 1. Distilled from Copenhagen Accord & Cancun Agreements: adequate; predictable; sustainable; scaled up; new and additional; improved access; balanced allocation between CCA & CCM; prioritised to most vulnerable DCs; mobilized by developed countries; transparency 2. Interpret and ‘translate‘ criteria in private sector realities 3. Matched criteria with PSI case studies 8
  9. 9. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Private Sector Initiative - registry  Case studies 2-6 pages long, self-written, unverified  but high diversity, quantity (N=101), comparability (same format) and accessibility (UNFCCC website)  Representative?  85 case studies analysed  E.g. water resources (52% of cases) overrepresented; tourism (7%) underrepresented  Front runners  but closest to UNFCCC  Adaptation finance implicit part 9
  10. 10. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Results (I)  Deliberate adaptation? – 55% of the case studies describe climate change impacts – Not single case study defines concept of adaptation – 5 case studies do not mention climate change 1. Amount of finance (criteria: adequate, predictable, sustainable, scaled-up) – Private investments in all sectors, including in DCs – Amount and predictability unclear – Limited commitment to up-scaling and sustainability; lack of detail 10
  11. 11. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Results (II) 2. Recipients of investments (criteria: improved access, prioritization) – 33% in MVDCs (representing 94 countries) – Win-win situations: 78% projects ‘reach out’; 59% ‘inclusive’ (N=80) 3. Overarching (criteria: transparency, mobilization, new and additional) – Limited evidence of ‘mobilizing’ policies (8); some PPPs – Investments ‘new and additional’ to ODA – Lack of ‘transparency’ on generation, governance, delivery and use of finance 11
  12. 12. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Conclusion  Private realities do not meet UNFCCC ambitions – UNFCCC ‘climate finance criteria’ useful to analyse potential climate finance flows – Although case studies contribute to adaptation, they do not meet ten ‘climate finance criteria’, e.g.: • Lack of transparency • Unclear predictability and sustainability • Limited prioritization to MVDCs, • Hardly mobilized by developed countries  Close gap in realistic way? 12
  13. 13. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) Discussion 1. UNFCCC  alter criteria/definitions. Not realistic: – Negotiations: even current criteria lack clear definitions – Adaptation agenda already burdened by conceptual issues 2. Private sector  effort to better understand UNFCCC – Does not happen naturally. Lack of benefits/incentives? Commercial confidentiality? – Private adaptation ≠ public adaptation – Alter PSI format (mandate!) 3. MRV on principally planned private adaptation finance – Limits private adaptation finance to philanthropy + explicitly publicly mobilised private finance 13
  14. 14. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) 14 Thank you for your attention Pieter Pauw German Development Institute Tulpenfeld 6 / 53113 Bonn Tel: +49 (0)228-949 27-204 Email: Pieter.Pauw@die-gdi.de Twitter: @WP_Pauw Website: www.die-gdi.de / www.pieterpauw.eu
  15. 15. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) References  AGF (2010). Report of the Secretary-General’s High-level Advisory Group on Climate Change Financing. United Nations, New York.  Kato, T., Ellis, J., Pauw, P. & Caruso, R. (2014). Scaling up and replicating effective climate finance interventions. Climate Change Expert Group Paper No 2014(1). OECD and IEA, Paris.  Naidoo, T., Vaz, K. and Byaba, L., 2012. Background Paper on adaptation. An introduction to adaptation in view of developing a private financing approach for adaptation related projects using the CTI PFAN model. CTI PFAN.  Pauw, W.P., Klein, R.J.T., Biermann, F. & Vellinga, P. (revised version submitted). Private finance for adaptation: do private realities meet public ambitions?  Pauw, W. P. (2014) Not a panacea: private-sector engagement in adaptation and adaptation finance in developing countries. Climate Policy (ahead-of-print), 1-21.  Pauw, W.P. & Pegels, A. (2013). Private sector engagement in climate change adaptation in the Least Developed Countries: an exploration. Climate and Development 5(4), p. 257-267.  PwC (2010). Business leadership on climate change adaptation. Encouraging engagement and action. London: Author.  SER (2011). Advies Ontwikkeling door duurzaam ondernemen. Sociaal Economische Raad, Den Haag  UNFCCC (2014). Adaptation Private sector Initiative (PSI). http://unfccc.int/adaptation/workstreams/nairobi_work_programme/items/4623.php  UNFCCC (2010). Report of the Conference of the Parties on its fifteenth session, held in Copenhagen from 7 to 19 December 2009. http://unfccc.int/bodies/body/6383/php/view/reports.php (08.07.2014).  UN Global Compact, UNEP, Oxfam and WRI (2011). Adapting for a green economy: companies, communities and climate change. A Caring for Climate Report 15
  16. 16. © 2012 Deutsches Institut für Entwicklungspolitik (DIE) UNFCCC‘s Private Sector Initiative  Some examples from the PSI database: – Ericsson, in cooperation with MetOffice, MTN, Gov’t of Uganda: providing SMS weather forecasts to fishermen – Cafédirect and GTZ: supporting small-scale farmers in DCs to make their production more climate-resilient – Scotch Whisky Association and Scotch Whisky Research Institute: scoping study to assess risks and adaptation options; raise awareness 16

×