From Innovation to Traction, Recovery and Reboot -Good Learning and Take Aways from Innovate 4 Climate Event

From Innovation to Traction, Recovery and Reboot – Good Learning and Take Aways from
Innovate 4 Climate Event
Sub - Theme – I: Synergies, Amalgamation and Future Market Base and Grounding Way Outs – Comparative from
Innovate4 Climate and Stress Test in Financial Market (Bank of England Launch)
Sub - Theme – II: Innovation to Traction and reboot - Climate Change and Renewables
What is Innovate4Climate Event all About? – Happenings
Innovate 4 Climate is the distinguished global event hosted by World Bank on climate finance, climate investment
and climate markets. It is a platform for providing exchange of knowledge and best practices. The event aims to
promote investment opportunities in mitigation, adaptation, resilience and inclusive development. I4C was
launched in 2017 and was designed to bring together thought leaders interested in linking climate innovation
with investment opportunities – transforming dialogue into action.
Why raise the hand for Innovate 4 Climate:
Connect Engage Learn Explore Match Identify Promote Discover
What’s was the main focus for Innovate4 Climate in 2021?
Innovate 4 Climate event happened across virtual space this year from 25th -27th May, 2021. In lieu of COVID 19
all the plenaries, workshops, forum, networking and market places (exhibits of varied corporates and
organizations) happened at virtual space and participated by expertise known for their repute. This year
alongside the climate finance and climate investments and climate markets deliberations in length with
mainstream focal point on Article 6, just transitions and carbon pricing - agenda 2030 and Paris agreement with
upcoming COP 26, Glasgow, UK summit was discussed. The event key noting included the agenda 2030 and the
Paris agreement that has set a new direction for shaping the global climate finance landscape by including climate
action in a broader set of climate finance and policy instruments and attract a wider group of stakeholders,
including the financial and technology sectors.
What motivated Eco Endeavourers Network to attend Innovate 4 Climate Event?
The focus areas, subject matter, the experts, though leaders and peers rich climate acumen, opportunity to
connect with the panelists and thought leaders, keynote speakers, network with varied stakeholders,
participation for placing questions and comments in the forum and also opportunity to have connect with market
places (exhibits of varied corporates and organizations for possible scope of business opportunity and or projects
on climate finance and investment markets) motivated Eco Endeavourers Network to attend the Innovate 4
Climate across virtual space.

As Eco Endeavourers Network is working on the climate finance and investment markets landscape with focus
on stress test which was launched by Bank of England last year as a financial market new armour, allowed a huge
motivation and inspiration to attend. The panelists of the innovate 4 climate with their huge experience
deliberating on some of best of tools, ideas and concepts which provided good learning and knowledge base for
a firm grounding in drawing synergies, amalgamation and future market base and also for drawing comparatives
also motivated me attend so as to channelize my understanding and workable for far better outreach, stakeholder
connect, research and innovation in devising newer fiscal climate positive policies and framework.
“Motivation was to align event learnings, good reads, audio videos – talk
sessions, plenary and workshop sessions for framing a strong policy development
and learning paper”
Be spoke and Notings from the Innovate 4 Climate – What had Panelists got to say?
Learnings and though leadership bonanza
Opening Day Plenary - Noting and Learnings - 25th May, 2021
The opening day planery for Innovate 4 Climate - Putting Climate Action at Heart of a Sustainable Recovery
The opening plenary of I4C brought together high-level speakers from business, government, and global
institutions to explore how to mobilize climate finance and shape green, resilient, and inclusive development.
The opening remarks and moderation for the Innovate 4 Climate was delivered by Ms. Anita Anand, Innovate 4
Climate, Host. The opening day planery panelists and keynote expertise who delivered the key notes and insights
on climate action included: David Malpass from The World Bank Group, Larry Fink from BlackRock Inc. Teresa
Ribera, from Spanish Ministry for the Ecological Transition and Demographic Challenge, Dr. Jeanne d'Arc
Mujawamariya, Ministry of Environment, Camille Robinson-Regis, Ministry of Planning and Development, Dr.
Ngozi Okonjo-Iweala from World Trade Organisation (WTO), Tao Zhang from IMF, Guy Ryder from International
Labour Organization (ILO).
The key deliberations focused on carbon action achievable via just transitions, how COVID 19 brought an
uncertainty in carbon markets and financial undertakings. Though emission reduction happened in lieu of
lessened mobility and transportation, manufacturing and industrial use – it in an indirect way led to undue
pressure on other basic intricacies and machinery. No fiscal inflow led to increased pressure on carbon markets
and emissions.
FC4S: International cooperation of financial centres for Climate Action
This session key note panelists were: Luís Javier Herrero from BCFE4S; Marianne Haahr from Green Digital
Finance Alliance; Ntoudi Mouyelo from Kigali International Financial Centre, Dr. Paul Ryan, Department of
Finance, Natacha Boric from Finance for Tomorrow, Josep Soler from IEF (Financial Studies Institute).
This session was conceptually organized for the I4C event by FC4S (Financial Centre for Sustainability).
Panelists included Stephen Nolan, UN Environment FC4S Managing Director, as well as representatives of
successful Financial Centres members of the different geographical areas of the Network, including emerging
countries’ financial centres. Organization being involved was Barcelona Centre Financer Europeu For
Sustainability (BCFE4S) - Member of FC4SThe United Nations Environment promoted in 2017, the Network of

Financial Centre for Sustainability (FC4S) with the aim of promoting strategic action in financial centres and
contributing to the global growth of green and sustainable finance. It was launched in Casablanca in 2017 with
11 centres to reach cities all over the world (have covered about 30 cities).
The Workshop session introduced the achievements of the Network, its plans for the next years and its links
and partnerships with other initiatives to improve connectivity of financial centres and its hinterland
economies, including both private and public sectors committed to mobilize finance to address the climate
challenges. In particular it emphasized the priorities and results of spreading sustainable finance in emerging
economies. It focused on the south – south cooperation for just transitions and energy markets in emissions
reductions. How the international markets via tradeoffs and offsets is spearheading the climate change
adaptation and mitigation measures.
State of Carbon Pricing 2021
This workshop session key note speakers were: Marissa Santikarn from World Bank, Patrick Saner from Swiss
RE, Duan Maosheng from Tsinghua University, Angela Churie Kallhauge from World Bank, Wendy Hughes from
World Bank, Polona Gregorin, European Commission. Few slides focusing on Presentation of the State and
Trends of Carbon Pricing 2021 edition were shared. It mentioned some of the finding of the report by providing
an up-to-date overview of existing and emerging carbon pricing instruments around the world, including
international, national and subnational initiatives. The organization under which the workshop session was
spear headed by World Bank / CL - Climate Change / CMI
The session focus was on the GHG emissions – the trajectories and tools for emission reduction and the
pathways along with main focus on residual emissions and Emission Trading Scheme systems. The Emission
Trading Scheme (ETS) is a strategic tool to place a cap and trade to the emissions. In other way, it is to say that
quantify the limit and trade the emissions. Geographies apart have kept set commitments benchmarking to
the targets aforesaid in NDCs. Carbon finance structures – hedge funds, divestment, decarbonization with fixed
green bonds (CARBONEX). Another speaker mentioned about lack of robust reporting. This session too, had a
mention on COVID 19 pandemic and its linkage with carbon markets. Public health and climate change
together can trigger further uncertainties – this fact proves that every problem today as an association or
interlinkage with one another.
Aligning Nationally Determined Contributions (NDCs) with Long Term Strategies (LTS) on Climate:
Opportunities and Challenges in Africa
This workshop session key note speakers were: Stephan Hoch from Perspectives Climate Group, Margaret
Barihaihi from NDC Partnership, Bob Natif from Climate Change Department, Siddharth Pathak from 2050
Pathway, Sven Egbers from GIZ Uganda.
This workshop session was under the organization leadership of Organization GIZ Uganda for Innovate
4 Climate.
Innovate 4 Climate mentioning: The goal of the Paris Agreement is to keep the global temperature increase
to well below 2°C and pursue efforts to limit the increase to 1.5°C. Parties to the Agreement have been invited
to communicate their long-term low greenhouse gas emission development strategies considering the
common but differentiated responsibilities and respective capabilities, in the light of different national

circumstances. Similarly, Parties are invited to update and revise their Nationally Determined Contributions
(NDC) reflecting their ambition.
The two policy processes are important for understanding and prioritizing which short- and medium-term
investments and measures can contribute to a country’s climate goals while enabling countries to reach their
long-term goals. LTSs introduce a long-term perspective to policy planning that allows to consider whether
certain activities may create long term lock-in effects into fossil fuel infrastructure even if they promise short
term emission reductions compared to the status quo. This has implications on how to allocate resources,
including international climate finance, capacity building and technology transfer.
Innovating energy and climate solutions through blockchain
The workshop session key note speakers were: Toyo Kawabata from United Nations Environment, Programme
(UNEP), John Karanja from Melanin. Solar, Neo Lin from ECO2 Ledger, Nicholas Manthey, ECO2 Ledger, Andrés
Schöndube from Energy Web Foundation
This workshop session was moderated under the organizational leadership of UNEP for Innovate 4 Climate
Innovate 4 Climate mentioning: Sustainable energy and climate solutions must be scaled up to meet long-
term climate change targets under the Paris Agreement and SDGs13. It also serves as a solid basis for socio-
economic development, improving living standards through affordable and clean energy access (SDGs7).
Blockchain technology has been paid attention as a potential solution to manage the data underpinning
distributed infrastructure for clean energy and climate mitigation solutions.
The panel discussion brings blockchain experts holding expertise in blockchain application to clean energy,
with the objectives as follows:
a. Facilitating the sharing of experiences and lessons learned from projects where blockchain are applied to
clean energy and climate change mitigation in developing countries.
b. Distilling policy and regulatory implications to scale up the application of innovative technologies in clean
energy and climate change mitigation with the strengthened enabling environments.
UNEP plans to launch a technical report entitled “Blockchain for sustainable energy and climate in the Global
South: use cases and opportunities” in Q2 2021. The speakers are among the contributors to the report. Since
the speakers are involved in blockchain in developing country context, their intervention will give the
knowledge and insights grounded from their actual project engagement in the Global South.
The session included:
1. Driving sustainable energy adoption globally using blockchain technology
2. Blockchain technology for renewable energy traceability
3. A decentralized and carbon neutral public blockchain for carbon finance
4. Quick reading and sharing of upcoming UNEP report
Financing Climate Action in Cities through the Gap Fund
This workshop session key note speakers were: Joanna Masic from World Bank, Sameh Wahba, PhD from
World Bank, Gerry Muscat from European Investment Bank, Dr.Vera Rodenhoff from German Federal Ministry
of Environment, Nature Conservation and Nuclear Safety, Asma Jhina from Global Covenant of Mayors for

Climate & Energy, Shpend Ahmeti from Prishtina City Government, Anna Wallenstein from World Bank, Omar
Fassi Fihri from Fes City Government
The workshop session was moderated under the organizational leadership of World Bank Group / Urban,
Disaster Risk Management, Resilience and Land Global Practice (GPURL)
Cities are both key contributors and drivers of climate change with urban areas accounting for more than
70% of global energy-related greenhouse gas emissions. They are also at the forefront of coping with the
economic impacts of the ongoing COVID-19 crisis and leading the efforts on building back better during the
recovery. As such, efforts to address these twin challenges hinge on cities and their capacity to innovate and
take lead on local actions. However, many cities in developing countries face significant technical, financial
and institutional barriers. Both the public and private sectors have critical and complementary roles to play
in scaling up support to cities through climate-informed urban spatial and investment planning.
The objective of this workshop will be to convene government, financing and development actors around
the global cities and climate agenda and to facilitate a dialogue on the opportunities and key constraints to
financing and implementing climate-smart investments. The workshop will also serve as platform to present
the City Climate Finance Gap Fund (Gap Fund)– an initiative of the German Government and the Global
Covenant of Mayors for Climate and Energy (GCOM) implemented by the World Bank (WB) and European
Investment Bank (EIB) which aims to help cities in middle-income and low-income countries transition
towards low-carbon and climate-resilient pathways. It will feature city mayors and representatives that are
currently receiving grant support from the Gap Fund to help turn their ideas into strategies and finance-
ready investments.
From Ambition to action – Green Finance tool kits for policymakers
The workshop session key speakers were: Martijn Regelink from World Bank, Emma Dalhuijsen from World
Bank, Mariana Escobar from Superintendencia Financiera de Colombia, Dr. Janet Terblanche from South
African Reserve Bank – Prudential Authority, Jennifer Bell from COP26 Private Finance Hub
Organizational workshop moderator under the leadership of World Bank / FCI - Finance,
Competitiveness & Innovation / EFI-FCI-Financial Stab. &Integr. for Innovate 4 Climate
Innovate 4 Climate mentioning: The transition to a low-carbon economy and the green recovery presents
a tremendous investment opportunity across the world. While countries' climate ambitions have skyrocketed
in recent years, green finance has not been able to reach the scale required, especially for developing
countries. At the same time, climate change and other environmental concerns such as biodiversity loss could
pose significant risks to financial systems and the overall economy. The World Bank’s Financial Stability and
Integrity Team is supporting policymakers, regulators and supervisors to implement reforms to build a
sustainable financial system. As part of this effort, this workshop will launch the World Bank’s Green Finance
Toolkits, which provide practical guidance on different approaches that public authorities could take to
promote specific actions related to green finance and the management of climate-related risks. This workshop
will discuss lessons from international best practice and explore how the toolkits presented could be effective
catalyzers of green finance solutions.
The main focus areas deliberated were; Blended finance products for converting ambitions of 1.5oC, NDCs,
economic resilience via greening bonds, subsidies for renewable energy and energy efficiency and
retrofitting. Blended finance products can be used for developing synergies was one of the opinion of the key

speaker. Most often financial risks are given criteria importance, however for transitioning ambition to action.
Need for fiscal policies to be framed keeping in mind blended impact and its associated financial restructuring.
Regulatory strengthening of policies was discussed. The dearth needs to translate NDCs goals and target
setting to implementation was discussed. It’s been a foray of green concepting at all the sessions of the event
and once can conveniently say now that environmental issues are no longer an environmental issue but an
economic issue as well. Both issues are aligned and compatible and co-exist together and every bit of work
for any of the issue’s balances both the environmental and economic attribute. NDCs are ambitions, goals and
target setting per se, however these are governed under regulatory machinery. The pitch to raise the target
beyond ambitions fail as benchmarking often do not consider the baseline target sets earlier though
references are taken but near neutral, neutral and net zero transitioning to the level of just transitions is not
even a leap ahead with achievable action being displayed. A key note speaker representive from Bank of
England – Treasury and Governance bespoke on ESGs and climate risks. It also mentioned need for capital
markets for ease of facilitation and to make it a strategi, mandatory, institutional and regulatory requirement
moving ahead. The session mentioned classifying carbon markets i.e.; Green Taxonomy – suggestive of
classifying green economy to entity level, financial market level and city level. The session as a take away
allowed me and my network Eco Endeavourers to come up with a thought process flow in a sequence of -
ambition to action--------floaters from finance to cities and entities --------------traction and trajectories.
The most deeply rooted and insightful concept take away from the session was “If not mitigate then
manage”. Another mentioning was on a furlong be spoke – from tragedy of common to cascade of
opportunities and on how we have come a long way from the pandemic uncertainty and our role play a climate
change and sustainability practitioners across varied climate landscape and geographies. The strategic launch
of stress testing launched by Bank of England for financial sustainability and carbon markets. Another
Greening the concepting for ambition to action was -----------on money, market and resilience. These bundle
of aforesaid discussions on carbon finance, investment instruments and markets are a COP 26 rule book
points slated to be placed for the upcoming COP at Glasgow, UK. Hedge funds, private equity was discussed
and one can say these can be added in as Chart of Accounts (CoA). IFCs, PRI and BoE as institutional connects
for nudging the sustainability, climate markets and fiscal space nudging. Sub setting the financial space and
masking it as per need (need for comparing and deriving policies (Financial markets Vs Sectoral Policies).
Also mentioned was translating environmental action to financial instruments (Plan, Priorities and Act).
Eco Endeavourers Network with this session hear in has come up with a suggestive of having scrubbing bonds
(carbon sequestration – storage and sequestering carbon with a pricing and fiscal bond framework). It can be
a new financial instrument in the fossil fuel market for the markets which are transitioning to renewables.
The main focus after attending most of the plenaries and workshops include a take away on - just transitions
– from guzzling nations to conserving nations for securing a fiscal space for a planned common future for all.
Avoiding a mismatch between demand and supply: What do buyers really expect from the voluntary
carbon market?
The workshop session key speakers were: Christof Arens from Wuppertal Institute, Malin Ahlberg from BMU,
Nicolas Kreibich from Wuppertal Institute, Daniela Feuchtmayr from BWM Group and Florian Eickhold,
Atmosfair
The workshop session was moderated under the organizational leadership of Wuppertal Institute.
Innovate 4 Climate mentioning: With the Paris Agreement’s start of implementation, the voluntary carbon
market (VCM) has been put in limbo. This new context, which requires all countries to communicate
mitigation targets through their NDCs, involves the risk of double claiming of emission reductions. It therefore
requires rethinking of the VCM’s modus operandi. While discussions on the future role of the VCM are ongoing

and different models are being discussed, the VCM has not yet found a way to align itself with the Paris
Agreement. In order to contribute to overcoming this discursive stalemate, this workshop focuses on the
demand side of the VCM to shed some light on private companies’ and other potential buyers’ needs and
expectations. Preliminary findings from ongoing research that explores companies’ positions will be
presented, while representatives from private companies that have adopted science-based targets will outline
the envisaged role for the VCM as part of their mitigation strategies.
Decarbonizing electricity through emissions trading: Does market structure matter?
The key note speakers for this workshop session were: Anatole Boute, PhD, Chinese University of Hongkong,
Regina Betz, PhD from ZHAW School of Management and Law, Ernst Kuneman, Adelphi, William Acworth,
Adelphi and Daniel Klingenfeld from German Emissions Trading Authority (DEHSt)
The workshop session was moderated under the organizational leadership of Adelphi.
Innovate 4 Climate mentioning: A decarbonized electricity sector is fundamental for a net-zero, climate
resilient world. Given mature abatement technologies and straightforward emissions monitoring, the sector
is ideally suited for carbon pricing. However, the role of a carbon price in driving electricity sector
decarbonization will differ according to the structure and regulation of the electricity market. Understanding
how these interactions impact mitigation choices will better equip us to design effective policy packages as
countries embark on steeper emission reduction pathways to achieve climate neutrality.
At the workshop, there was a launch of report that synthesized the findings of a three-year research project
on emissions trading and electricity sector interactions commissioned by the German Environment Agency.
The workshop builds on a conceptual framework and case studies in Europe, the Republic of Korea, China,
Mexico, and California.
Climate Smart Innovations: Disruptive Agricultural Technologies Use Cases in Kenya
The key note speaker for the session was Boniface Akuku, PhD from KALRO.
The session was delivered under the organizational leadership of Kenya agricultural and livestock research
organization
Innovate 4 Climate mentioning: Digitization and innovations around agricultural research data have led to
the development of various use cases to make Kenyan agricultural performance more productive, sustainable,
and resilient to adverse climate change effects. The application of Big Data techniques and Disruptive
Agricultural Technologies (DAT) has demonstrated that climate-smart innovations can mitigate climate
change risks and support resilience building for Kenyan's farmers. Furthermore, access to reliable,
customized, and consistent information such as accurate weather forecasts, early warning of extreme weather
events, and agronomic advisory services can increase agricultural productivity, profitability and resilience to
climate change. This workshop will showcase DAT use cases, innovations, and digitization in Kenyan
agriculture. It will demonstrate the support from the World Bank-funded projects and the Kenya Agricultural
& Livestock Research Organization's work in harnessing remote sensing data. Results have shown that Big
Data and mobile application technologies effectively support climate-smart agriculture and food security in a
changing climate.

Blending for Impact: Blended Concessional Finance for Climate
The workshop session key note speakers and panelists were: Alexander Dixon from Millennium Challenge
Corporation, Kruskaia Sierra-Escalante from IFC, Satu Santala from Government of Finland and Mathieu Peller
from Meridiam
The workshop session was moderated under the organizational leadership of International Finance
Corporation (IFC).
Innovate 4 Climate mentioning Blended concessional finance continues to gain increasing attention as a
critical tool for effectively engaging the private sector, unlocking investments and creating markets in
developing countries. The objective of the session was to understand how blended concessional finance can
catalyze projects with high development impact, with a focus on recent case studies in climate. Leaders in
blended finance discussed de-risking opportunities in innovative climate projects, the implications for BF in
a post-COVID-19 world, and governance structures in place to support the effective and disciplined use of
blended concessional finance.
The key take away from the workshop session was use of blended finance for de-risking, upscaling and
downscaling the concessional attributes for climate. Grant based framework suggestive for policy making
was talked which include – flexible finance – natural capital and equity bonds along with a key criterion of
review or screen and mediate to transition. Co-creation was also the bespoke for the session with mentioning
innovate for private investment. The other key criterion include blend – divest- innovate and steer beyond
the financial markets and board rooms was the suggestive that came in from Eco Endeavourers Network
after the virtual hear in for the session. Also came out a possible outcome was blending renewables,
decarbonization and floating bonds for maintaining the circularity. Another Eco Endeavourers Network
suggestive add in was quantitative easing – blended for reviving economy during uncertainty as is the case
with pandemic, Blend for ESGs (Environmental, Social and Governance), blending for mobility, for adaptation
and mitigation, materiality – blending the price (via tradeoffs, offsets and issuance), future proofing and
de-risking , TCFDs reporting, SSE for coming up with sledding – as like horse trade to recoup and liquidity.
Question that came in from the network include tailings and trajectories – as like mining sector – fossil fuel
markets, funding agencies and banks and loan rebate and resettlements – mining areas. In case of savings
can blending finance provide resettlement opportunities. Also, can scaling up policies on blended finance for
blended impacts trickle down between Small Island Nations, European Union and UK.
Tackling Aviation Emissions through ETS and National Policy
The workshop session key note speakers were: Julia Metz from Stiftung Klimaneutralität, Jo Dardenne from
Transport & Environment, Jakob Graichen from Öko-Institut, Jan Pechstein from Lufthansa Group
The workshop session was moderated under the organizational leadership of Oeko-Institut for Innovate 4
Climate.
Innovate 4 Climate mentioning: CO2 emissions from aviation are expected to keep growing in the future
after the impacts of the Covid-Pandemic have been overcome. The ambition of CORSIA, mainly compensating
emissions growth through offsets until 2035, is not in line with the required effort to stay well below 2°C. This
workshop placed options for national and regional action to curb aviation emissions. A special focus will be
on the upcoming reform of the EU ETS which will also address the rules for aviation within the trading system.

Conditionality and Article 6: An Analysis of updated NDCs of African countries
The workshop session key note speakers and panelists were: Stephan Hoch from Perspectives Climate Group,
Dr. Sandra Greiner, Climate Focus, El Hadji Mbaye Diagne from Afrique-Energie-Environnement
Dr. Anne Nyatichi Omambia, from National Environment Management Authority (NEMA) and Mischa Classen
from KliK Foundation.
The workshop session was moderated under the Organization leadership of Climate Focus in cooperation
with Perspectives Climate Group GmbH
Innovate 4 Climate mentioning: Countries are expected to increase ambition by updating their NDC targets,
as they enter their first year of NDC implementation. Looking at this experience, it becomes clear that the
conditionality of NDC targets is a crucial feature, in particular for international support through Article 6
Carbon Markets. However, how to apply conditionality is not clearly defined in the UNFCCC rulebook and a
lack of conceptual clarity opens space for different applications in NDCs, with potential consequences for
access to Article 6 cooperative approaches.
The workshop launched the study of “Conditionality and Article 6: An analysis of updated NDCs of African
countries” that analyses the evolution of conditionality and its implementation with a focus on Africa.
Practitioners and experts discuss how conditional/unconditional elements may impact Article 6 eligibility.
The workshop concludes with whether a more broadly shared understanding of conditionality in NDCs is
important for advancing Article 6 implementation.
The key the session shared include: https://www.climatefinanceinnovators.com
https://www.climatefocus.com/
http://www.perspectives.cc/home/
The role of Export Credit Agencies in promoting climate change financing
The key note speakers and panelists for the workshop session were: Carmen Vara from CESCE, Mariane
Søndergaard-Jensen from EKF, Teresa Aguerri from Acciona and Cécile Camilli from Societe Generale
The workshop session was moderated under the organization leadership of CESCE (Spanish Export Credit
Agency) for innovate 4 climate change.
Innovate 4 Climate mentioning: The idea shared was to explore ways with other relevant players such as
commercial banks and companies (industry) of how Export Credit Agencies (ECAs) can create new
instruments or improve the existing ones to help foster climate financing. ECAs support is especially relevant
in international transactions where projects are located in non-developed countries where there are more
challenges but also opportunities. On the other hand, this workshop may help to let people know about all the
initiatives that are being currently under consideration in the international financing sphere.

Building Early Warning for Shock-Responsive Social Protection and Community Resilience in a Fragile
Context-Afghanistan's Experience
The workshop session key note speakers and panelists were Henry Kerali from World Bank Group, Arati Belle
from World Bank Group, Giriraj Amarnath from International Water Management Institute (IWMI),
Samantha Cook from World Bank Group and Endashaw Gossa from World Bank Group
The workshop was moderated under the organizational leadership of World Bank / URS - Urban, Resilience
and Land / SAR - Climate Change and DRM for innovate 4 climate.
Innovate 4 Climate mentioning: While COVID-19 poses a large social and economic burden on Afghanistan, it
is also beset by ongoing political instability, violence, and growing food insecurity. Climate change is
exacerbating the vulnerability of Afghanistan’s people and negatively impacting weather-dependent sectors as
highlighted by the severe drought in 2018 that affected over two-thirds of the country. It underscored the need
for moving from response to disaster preparedness and for investment in these areas as decades of turmoil have
decimated Afghanistan’s hydromet and early warning services – once among the best in the region. The
Government’s Strategy for Disaster Risk Reduction identifies establishing of professional disaster risk
management capacity; promoting knowledge and innovations for empowering risk communities and expanding
risk reduction programming through public private investments as key strategic focus areas. The World Bank is
supporting this agenda through grants and technical assistance in hydrological and meteorological
modernization, disaster-responsive social protection, community-based disaster risk management and
feasibility study on disaster risk financing.
Getting Down to Business: Mobilizing the Private Sector for Climate Action
The workshop session key speakers and panelists were: Daniel Morris from Climate Investment Funds,
Fernando Cubillos from IDB Invest, Eduardo Milligan from ENGIE, Yucel Inan from EBRD and Goksel Ozkul
from Türkiye İş Bankası
The workshop session was moderated under the organization leadership of Climate Investment Funds (CIF)
Innovate 4 Climate mentioning:
The workshop shared tangible lessons from the Climate Investment Funds’ (CIF) deep portfolio of successful
private sector mobilization for climate change mitigation and adaptation activities. This interactive session will
highlight key aspects of how the use of concessional capital, innovative pricing, and financial intermediation have
led to large-scale private sector investments in clean technologies in Latin America and residential energy
efficiency in Turkey. The workshop will feature a dialogue with CIF partner MDBs and their private sector
counterparts, who will impart the challenges they faced and lessons learned that can benefit future operations.
To encourage deeper participant engagement, the conversation will start with panelists responding to questions
pre-selected and ranked by audience members.
Update on Article 6 – Negotiations
The workshop session key speakers were: Dirk Forrister, InternationalEmissions Trading Association (IETA),
Amy Steen from UNFCCC, Peer Stiansen from Ministry of Climate and Environment Norway, Kelley Kizzier
from Environmental Defense Fund.
The workshop session was moderated under the organization leadership of UNFCCC for Innovate4 Climate

Innovate 4 Climate mentioning: The UNFCCC secretariat as part of the session provided an update on the
current status of the intergovernmental negotiations on Article 6 of the Paris Agreement and related
activities in the preparation for COP26. This workshop gave an opportunity of never before as the
deliberations came from co-facilitators of the Article 6 negotiations and the secretariat on the progress of
Article 6 discussions since the last COP, in light of the evolving landscape for cooperative implementation
under the UNFCCC.
The session drew comparative and how ease of facilitation happens by giving references on NDCs and Article
6. It also alighted on its key focus for the COP 26 and hope of article 6 to be approved as common consensus.
It also focused on uniform framework articulation with legalized machinery to armour in article 6. Based on
the sessions hears, Eco Endeavourers Network, has come up with pin wheel benchmarking, reduction and
accelerator hub - to cocreate, innovate and instigate platform. Plan for flexibility mechanisms, reviving CDM
– PAS verified certification, BAT and BAU, just transition to joint implementation as a workable project as
part of learning from the workshop and aligning it into a project in near future to work.
Connecting and developing transparent green bond markets
The workshop session key note speakers and panelist were: Maria Netto from Interamerican Development
Bank, Alex Vasa from Green Bond Transparency Platform by IDB, Sean Kidney from Climate Bonds Initiative,
Andres Perez from Finance Ministry Chile, Claudia Gollmeier from Colchester Global Investors, Ann-
Charlotte Eliasson from Nasdaq, Laetitia Hamon from Luxembourg Stock Exchange & LGX Data Hub, Angela
Brusas from Nordic Investment Bank
The workshop session was moderated under the organization leadership of the Inter-American
Development Bank
Innovate 4 Climate mentioning: The Green Bond Transparency Platform (GBTP) is an initiative created
by the Inter-American-Development Bank to promote transparency in the green bond market in Latin
America and the Caribbean. The free-of-charge platform aims to support the harmonization and
standardization of green bond reporting for green bond issuers and to enable all users to analyze where the
proceeds of the bonds are invested, and what environmental performance was realized. It aims to provide
a benchmark for best practice disclosure and support to all market actors.
• For issuers, the GBTP facilitates to report in a standardized way and simple format on the use of
proceeds and impacts of their bonds.
• For external reviewers, the GBTP provides a way to present their work with issuers on pre- and post-
issuance and the review conclusions.
• For investors, the GBTP facilitates information on the environmental performance and the use of
proceeds of specific bonds.
• For public sector authorities, the GBTP is an evidence-based data tool to inform discussions on
taxonomies.
The GBTP has been co-created in collaboration with key market actors, platform innovators and standard
setters.

This inter-active workshop aims to share evolving experiences and inform the discussion on the value of
non-financial reporting at the example of green bonds pre- and post-issuance reporting, and how
transparency can foster private sector investment into green assets and inform policy.
http://greenbondtransparency.com/
https://www.greenfinancelac.org/our-initiatives/green-social-and-thematic-bonds/
My Word is My Bond: Linking Sovereign Debt with Climate Goals
The workshop session key note speakers and panelists were: Fiona Stewart from World Bank's Finance,
Competitiveness & Innovation Global Practice, Anderson Silva from World Bank's Finance, Competitiveness
& Innovation Global Practice, Nicholas Silver from Climate Bonds Initiative, Gianfranco Bertozzi from World
Bank Treasury
The workshop session was moderated under the organization leadership of World Bank / FCI - Finance,
Competitiveness & Innovation / EFI-FCI-Long-Term Finance.
Innovate 4 Climate mentioning: Following the growth of "use of proceeds” instruments such as green bonds,
there is growing momentum in the search for innovative financial instruments which aim to harness the
influence of the sovereign debt market to support ambitious climate goals of countries. The workshop will
showcase a specific proposal under development by the WBG - Sovereign Sustainability-Linked Bonds as
featured in the recent WB blog. It will comprise a short presentation of the proposed instrument followed
by a panel discussion with insights of private and public sector experts.
Carbon Offsetting, Europe's Best Practices
The workshop session key note speakers were: Paz Nachon from Vertis, Virginie Schneiter from Lundin
Energy, Clive Jackson from Victor and Stephen Donofrio from Ecosystem Marketplace (of Forest Trends)
The workshop session was moderated under the organizational leadership of Vertis
In a world of growing demands for sustainability and corporate responsibility from civil society and
investors, voluntary Carbon Markets are on the rise. Voluntary Carbon Markets allow companies to go
beyond regulation and strive for zero-emissions while impacting projects around the world. As concluded in
the Paris Agreement, there is a need to limit global warming and focus on climate action to tackle this urgent
environmental crisis. Vertis Environmental Finance, along with other industry experts will explain how
companies can voluntarily offset their carbon emissions efficiently and maximize their potential. In this
workshop, we will talk about best practices and trends in the world of Carbon Offsetting, followed by a
critical analysis of the current situation and suggestions for the future.
Tracking Lithium CO2 Emissions: From Mine to Electric Vehicle
The workshop session key note speakers were: Daniele La Porta from World Bank, Fernando Lucchini from
Alta Ley, Timothy Laing, PhD from World Bank, Thao Fabregas from World Bank, Andrew Miller from
Benchmark Minerals Intelligence, Dr. Jürgen Zattler from German Federal Ministry for Economic
Cooperation and Development (BMZ) and Demetrios Papathanasiou, PhD from World Bank

The workshop session was moderated under the organization leadership of World Bank Group / EAE -
Energy & Extractives / Infra Energy Extractive Industry
Innovate 4 Climate mentioning: The Climate-Smart Mining (CSM) team within the Energy & Extractives
Global Practice proposes to deliver a technical presentation on a new prototype, the "Lithium Carbon
Footprint Dashboard". It aims to provide a real-time view of the GHG, energy and water footprints along the
lithium supply chain for electric vehicle deployment, at scale for climate action. This dashboard uses AI
technology to assess “optimal supply chain” routes from mine to end user (EV) to determine the ‘best’ route
to reduce CO2 emissions.
Collaborating across Stakeholders to Mainstream Resilience in the Built Environment
The workshop session key note speakers were: Ommid Saberi, PhD from IFC, Aileen Ruiz-Zarate from IFC,
Raymond Rufino from NEO Group, Emma Imperial from Imperial Homes Corporation, Jo Ann B. Eala from
BPI
The workshop session was moderated under the organizational leadership of International Financial
Cooperation.
Innovate 4 Climate mentioning: The Philippines is a hotspot for natural hazards, with significant hazard
levels for floods, typhoons, landslides, tsunamis, earthquakes and volcanoes. Annually, the estimated multi-
hazard average loss for the Philippines is equivalent to 69% of annual social expenditure. Given these costs,
there are many benefits to taking action to enhance preparedness for natural hazards, such as lowering the
economic and social impact, and providing greater continuity for business operations. However, there is
substantial underinvestment in resilience-building efforts, reflecting capacity constraints, upfront costs,
and limited fiscal space. To this end, IFC is developing an assessment tool called the Building Resilience
Index (BRI). BRI is a hazard mapping and resilience assessment framework that evaluates climate-related
risks and mitigations for a real estate portfolio. This event will bring the local and international market
players from insurance, banking and real estate developers to show how a common tool can ease scaling up
the resilience investments.
Carbon Pricing and Promotion of a Gender and Social Inclusion Agenda
The workshop session key note speakers were: Valentina Girotto from ICF, Vicky Pollard from European
Commission, Marissa Santikarn from World Bank, Suzi Kerr from Environmental Defense Fund (EDF),
Shuang Liu from Sustainable Finance Center
The workshop session was moderated under the organizational leadership of ICF.
The UN’s Sustainable Development Goals bring together the need to combat the climate crisis, while
addressing the pressing need for improving social and economic inclusion globally. While carbon pricing
policy discussion tends to be far removed from ground-level economic realities, the way in which it is
implemented has real impacts for people’s livelihoods and social equity. An effective carbon price can
promote a just transition and help guarantee that no one is left behind. This workshop will bring together
experts with special experience in delivering the twin goals of climate change mitigation and social inclusion
simultaneously.

The workshop will draw on ICF’s experience of mainstreaming gender & inclusion activities within the UK
Prosperity Fund’s China Energy & Low Carbon Economy Programme, as well showcase the experience and
views of women who are leading the way on carbon pricing development in China and worldwide both in
the public and private sectors.
Leveraging Advanced Technologies & MRV Systems to Implement the Recommended Actions of the TSCVM
Robert Waterworth from The Mullion Group, Christian Davies from Shell Int, Bonnie Lei from Microsoft, Bruce
Keith from IFC, Katie Sullivan from International Emissions Trading Association (IETA)
The workshop session was moderated under the organization leadership of Flint Pro.
Innovate 4 Climate mentioning: In January 2021, the Taskforce on Scaling Voluntary Carbon Markets
(TSVCM) published its blueprint on creating a large-scale, transparent carbon credit trading market. This
voluntary market is critical to enable companies to turn net-zero commitments into action and to reach the
goals of the Paris Agreement.
Advanced measurement, reporting, and verification (MRV) systems will be needed to implement the TSCVM
recommendations. These advanced systems enable the monitoring of greenhouse gas emissions from the
various forms of land management in an integrated manner. Globally consistent but regionally specific, they
allow for nested accounting approaches and avoid double counting. While already in development, leveraging
these systems will require long-term policy support and a mutual understanding between the involved
scientists, investors, and policy makers.
Innovative Disaster Risk Management in Bangladesh's Deltas
The workshop session John Roome from World Bank Group, Kabir Bin Anwar from Ministry of Water
Resources, Bangladesh, Ainun Nishat, PhD from BRAC University, Saleemul Huq, PhD from International
Centre for Climate Change and Development (ICCCD) and Jaehyang So.
The workshop session is moderated under the organizational leadership of World Bank / URL - Urban,
Resilience and Land / SAR - Climate Change and DRM
Innovate 4 Climate mentioning: Bangladesh is situated at the confluence of three trans-Himalayan rivers.
The coastal zone is prone to multiple threats – cyclones, storm surges, erosion, and saline intrusion among
others. Climate change exacerbates these challenges and puts poor, vulnerable populations at extreme risk.
In 1970, Cyclone Bhola, the world's deadliest tropical cyclone on record, devastated Bangladesh's coastline
and claimed over 300,000 lives. Today, cyclones of comparable intensity have shown a 100-fold decrease in
loss of lives. Bangladesh has instituted disaster risk reduction policies and strategies, enhanced systems and
institutions, supported communities, invested in climate-resilient infrastructure, and deployed innovative
technologies.
This workshop highlighted examples of innovative and integrated approaches towards low-carbon and
climate resilient development from the WB-supported Coastal Embankment Improvement Project and the
Multipurpose Disaster Shelter Project, as well as layout strategic policy approaches to long-term green growth
in Bangladesh under the South Asia Region Climate Change Action Plan (SAR CCAP).

Disruptive Technologies and Disruptive Youth: Possible solution to climate change in the Aral Sea basin in
Central Asia?
Paola Agostini, PhD from, World Bank, Thomas Trudell, Lilia Burunciuc from World Bank, Manon Pascale
Cassara from World Bank, Barbara Janusz-Pawletta from Institute of Natural Resources, Kazakh-German
University, Abduvokhid Zakhadullaev from State Committee on Forestry, Government of Uzbekistan, Sara
Mierke from AnchorEd, Natalya Akinshina, PhD from National University of Uzbekistan, Aral Honey Gardens
What do disruptive technology, education and innovative solutions to climate change all have in common?
The youth! The next generation of young innovators are leading the charge in sustainable development and
the battle against climate change. Long-term sustainability of Central Asian countries’ growth is being
threatened by climate change and by some key environmental issues: the drying up of the Aral Sea; the
degradation of mountains ecosystems; increasing urban pollution. In economic terms, land degradation
costs span from 3-11 percent of GDP with the cost of inaction being five times higher than the cost of action.
As part of the World Bank RESILAND Central Asia + program, the World Bank in partnership with Kazak -
Germany University, the Global Landscape Forum, and the startup Plug and Play has launched a Disruptive
Technology Challenge to show how Innovative technologies and approaches have the power to substantially
“disrupt” the status quo of development paradigms. At the same time, the World Bank in partnership with
AnchorEd is launching a new program to make rural school the anchor of their communities, and in this way
raise awareness amongst youth and engaging them in early-stage entrepreneurship activation to fight
against climate change.
The workshop featured a panel that demonstrate how disruptive technologies and adaptive education can
help alleviate the negative impacts of climate change on landscapes, while also addressing the needs of
economic growth and sustainable development.
CMM-WG –I4C Workshop: Opportunities and challenges in designing Article 6 methodological
approaches – eliciting stakeholder perspectives
The workshop session key note speakers were: Axel Michaelowa, PhD from Perspectives Climate Research/
University of Zurich, Nils Westling from Swedish Energy Agency, Hanna-Mari Ahonen from Perspectives
Climate Group, Kazuhisa Koakutsu from Ministry of the Environment, Japan, Thomas Forth from BMU
The workshop session was moderated under the organization leadership of Perspectives Climate Research
gGmbH
Innovate 4 Climate mentioning: The workshop will discuss with technical experts and government
stakeholders’ key questions on how to operationalize Paris Agreement principles in methodologies used to
generate ITMOs under Article 6. A key crunch issue will be on how to align baseline setting and additionality
determination with the ambition levels necessary to achieve PA targets, while respecting CBDRC preserving
incentives for private sector engagement. In addition, the discussions will focus on the relationship between
emission reductions and emission removals, and implications for baseline setting in the long term. Feedback
received on these issues will be fed back into the discussions of the Carbon Market Mechanisms Working Group
and its publications.

Collaboration on the Joint Crediting Mechanism (JCM) between MDBs and Japan - Enhancing NDC
Ambition through Article 6 Implementation
The key note speakers for the session were: Kentaro Takahashi from Institute for Global Environmental
Strategies, Akibi Tsukui from Institute for Global Environmental Strategies, Maiko Uga from Ministry of the
Environment, Japan, Virender Kumar Duggal from Asian Development Bank, Dicky Edwin Hindarto from
Indonesia JCM secretariat
The workshop session was moderated under the organizational leadership of Ministry of the Environment,
Japan
While governments and businesses around the world take action to respond to and recover from the COVID-
19 crisis, it is a critical moment for the world to “build back better” -- to redesign our economies and
societies to become more sustainable, resilient, and inclusive.
Last October, Japan announced net zero emissions by 2050 and recently raised the 2030 target to 46%. The
Article 6 of the Paris Agreement is an important tool for raising ambition and accelerating actions against
climate crisis. Although detailed rules of the Article 6 is still being negotiated, with a good design and
cooperation between countries and other stakeholders including the private sector, we can make a greater
impact on both climate change and sustainable development of societies.
Collaboration between MDBs and the Ministry of the Environment, Japan plays an important role in
enhancing climate ambition through technical assistance of partner countries and mobilizing the additional
finance for projects.
Integrated Policies for Air Pollution and Climate Change
The workshop key note speakers were: Kevin Keen, Communications Specialist, Grzegorz Peszko, PHD from
The World Bank, Markus Amman, PHD, Scientist, Anna Dworakowska from Polish Smog Alert, Sayantan
Sarkar from The World Bank, Ernesto Sanchez-Triana from The World Bank
The workshop session was moderated under the organization leadership of World Bank / ENB -
Environment, Natural Resources & Blue Economy / Global Unit
This workshop focused on exchange experience of countries and communities trying to save lives from poor
air quality and pave the way for long-term low-carbon transition. Moreover, mentioned its support to
provide World Bank's practical guidance on how to integrate air quality management and climate mitigation
policies.
Is Nepal learning? Conference on Climate change adaptation technologies; practices and policies for Nepal
The workshop session key note speakers were: Usha Jha, PhD, National Planning Commission, Nepal, Yadu
Pokhrel, PhD from Michigan State University, Bimala Rai Paudyal, PhD from National Assembly, Nepal,
Madan Pariyar, PhD from IDE Nepal, Dipesh Joshi from WWF Nepal.
The workshop session was moderated under the organization leadership of Inviting Infinity Analytics

Innovate 4 Climate mentioning: Technologies that can reduce vulnerability to climate change and
increase adaptive capacity exist and are being developed throughout the world. Adaptation can involve both
building adaptive capacity thereby increasing the ability of individuals, groups, or organizations to adapt to
changes, and implementing adaptation decisions, i.e., transforming that capacity into action.
Without a clear diffusion strategy, even useful technologies can fail to be adopted owing to the challenges
of changing behavioral practices and overcoming learning barriers.
Our conference focused on four key questions: What are the necessary conditions for technology transfer
in the context of demographic, cultural and economic condition of Nepal? How has technology transfer
occurred in adaptation projects so far? What new adaptation technologies, especially in agriculture, could
Nepal adapt currently or in the near future? What policy and institutional changes would encourage the
innovation and diffusion of these adaptation practices and technologies in Nepal?
Innovations in India for large-scale solar
The workshop session key note speakers were: Toussaint Badolo from BOAD (West African Development
Bank), Surbhi Goyal from The World Bank, Ajay Mathur from International Solar Alliance (ISA), Bhanu
Mehrotra from International Finance Corporation (IFC), New Delhi, India, Dilip Nigam from Ministry of New
and Renewable Energy, Government of India.
As the third largest global emitter of greenhouse gasses, India’s transition towards renewable energy has
implications that shall strengthen net zero economy but only if financial instruments are placed
Day 2: Plenary Sessions:
The transition to Zero – How can we harness the power of carbon pricing
The plenary was held in collaboration with the carbon pricing leadership coalition (CPLC)
The workshop session key note speakers were: Helen Mountford from World Resources Institute (WRI),
Mauricio Cárdenas from Center on Global Energy Policy, Columbia University, Mari Pangestu from The
World Bank Group, Fatih Birol from International Energy Agency, Andrea Meza from Ministry of
Environment and Energy, Nigel Topping COP26, Feike Sijbesma from Royal DSM, Stephanie von Friedeburg
from International Finance Corporation, Anita Anand from Innovate 4 Climate
Cities, businesses, and financiers delivering a green, resilient and just future
The key note speakers and panelists for the workshop session were: Yvonne Aki-Sawyerr, Mafalda Duarte
from Climate Investment Funds, Geoff Makhubo from City of Johannesburg, Sanda Ojiambo from United
Nations Global Compact and Josué Tanaka from C40 Cities.
The CIF and C40 jointly hosted this workshop and provided insights on exploring the new opportunities that
will be green and resilient. The work shop panelists discussed on the need of financial instruments required
for just transitions to get translated into action if new renewables are to be upscaled and for net zero economy.
The key focus of all the panelists was on climate finance policy, green recovery policy and low carbon markets.
Green recovery amidst COVID 19 was discussed.

Pricing Carbon: From readiness to implementation
The workshop session key note speakers and panelists were: Corina Mocanu from European Commission,
Directorate General for Climate Action, Helen Mountford from World Resources Institute (WRI), Manuel Pulgar-
Vidal from World Wide Fund for Nature (WWF), Venkat Ramana Putti from World Bank, Chris Shipley from UK
Department for Business, Energy and Industrial Strategy.
The event brought together high level of officials from the world bank’s donor and client countries to mark the
operational preparedness in implementation of carbon pricing. Carbon markets and carbon pricing policy
finance. The key topical attributes discussed were Science Based Target responsibility, NDCs implementation,
pandemic Vs carbon pricing – recovery and built back better, tradeoffs and offsets.
Challenges:
• Lack of involvement- in carbon pricing
• Lack of uniformity – Net zero NDCs implementation
Just transitions as was the case in most of the sessions – indicates that it shall be the focal point at the
upcoming COP 26, Glasgow, UK. Carbon agreements (beyond borders, local markets, grounding, explore,
quantify, dive and steer), Moving ahead just transition shall be the pitch for climate science arena. It was
mentioned in the session that 1407 companies have committed to science-based targets till date by Helen
Mountford from WRI. Raising Government Revenues – via Carbon Pricing was also discussed. Business
flexibility in carbon pricing as tool in European commission was discussed. It was mentioned that carbon
neutrality is a win – win preposition of just transitions markets and with innovation, PMR framework and
Paris Agreement –in adaptability in rapidly evolving framework, knowledge transfer and best practices in
carbon pricing measures were discussed. Also discussed was EU ETS Systems (Emission Trading Scheme) –
Cap set for 5 % - UK allowances mentionable and UK Net zero ETS caps – cooperation, negotiations and ease
of facilitation.
Eco Endeavourers Network inquisitiveness and quest to strengthen the policy making and implementation
machinery placed in questionnaire platform during the session, questioned on lack of perpetuating and deep
penetration in carbon pricing markets uniform applicability, suggestive of IFRS alike climate fund, umbrella
bonds – emission trading – traction – NDCs – floating or trickling to cap, price and perceive policy was put
forth. Also in lieu of uncertainty, risks tradeoffs to waivers was discussed. Another question that was placed
by Eco Endeavourers Network was much before Carbon Pricing – into real market forays – can Carbon Primers be
applied for strategic trimming of sectors, entities and market base – resulting in lesser taxing on financial instruments and
putting more priority on natural capital?
Accelerating net zero emissions: the Spanish race
The workshop session key note speakers and panelists were: Dean Cambridge from We Mean Business,
Raquel Canales from Forética, Carlos Creus Olgado from IBM, Julia Moreno from Forética and Daniel Salter
from Amazon.
The key attributes discussed were: net zero policy, low carbon transition policy and Paris agreement – 1.50C

Carbon Capture and Storage: Funding Climate Technology and Securing a Net-Zero Future
The workshop session key note speakers and panelists were: Jarad Daniels, U.S Department of Energy, Ruth
Hupart from International Finance Corporation. Natalia Kulichenko-Lotz from World Bank, Guloren Turan
from Global CCS Institute, Maria Velkova from European Commission, Directorate-General for Climate
Action (DG CLIMA).
The workshop session was moderated under the organization leadership of International Finance
Corporation (IFC)
Carbon capture and storage (CCS) is a key climate technology proven to significantly reduce emissions from
power generation was discussed at the workshop session.
Sustainable debt innovations: a showcase of an end-to-end lifecycle of a digital SDG-linked bond
Thee key note speakers and panelists were: Katherine Foster from Open Earth Foundation, Anita Mujumdar
from Evercity, Miroslav Polzer from IAAI GloCha, Alexey Shadrin from Evercity
In 2020 the market of green and sustainability-linked bonds reached new heights despite of corona crisis.
The key deliberations for the workshop session moved on green bond innovation, fintech innovation and
blockchain
Cooperative approaches to enhance global mitigation ambition and support adaptation
The work shop session key note speakers were: Mischa Classen from KliK Foundation, El Hadji Mbaye
Diagne from Afrique-Energie-Environnement, Bianca Gichangi from Eastern Africa Alliance on Carbon
Markets a Climate Finance, Lucy Naydenova from African Development Bank, Ousmane Fall Sarr from West
African Alliance on Carbon Markets and Climate Finance
The key attribute for this workshop session were carbon market policy, Article 6 policy and NDCs. The
deliberations notings dwelled basically on Climate action continues despite the postponement of COP 26
and the lack of an outcome under Article 6 negotiations.
Carbon Pricing in the Transport Sector: Virtual Debate & Discussion
The key note speakers and panelists for the session were: William Acworth from International Carbon
Action Partnership (ICAP), Dallas Burtraw from Resources for the Future (RFF), Carlos Calvo Ambel from
Transport and Environment (T&T), Thomas Kansy from Vivid Economics, Michael Mehling from
Massachusetts Institute of Technology (MIT), Beia Spiller from Environmental Defense Fund (EDF), Katie
Sullivan from International Emissions Trading Association (IETA)
As jurisdictions around the world commit to net-zero targets and look to further decarbonize their
economies, transport sector aligning with carbon pricing was the key focus with here too, sessions aligning
and applying the aforesaid session around carbon markets, emission trading policy and net zero.

Powering Past Coal: Accelerating a Transformative and Just Transition – Phasing Out Coal and Phasing in
New Economic Opportunities
The workshop session key note speakers and panelists were Wolfhart Pohl from World Bank, Christopher
Evans from Environment and Climate Change Canada, Kate Chisholm from Capital Power, Jan Bondaruk from
Central Mining Institute, Mr Chandra Bhushan from International Forum for Environment, Sustainability and
Technology, Mike Ward from Climate Investment Funds, Demetrios Papathanasiou from World Bank
This event was jointly hosted by the CIF, the powering past coal alliance (PPCA) and the World Bank’s
Energy sector
The key attribute for the session were innovation policy, just transitional fiancé risks. The key note
speakers’ key deliberations were focused on these key attributes were:
Innovation – Just transitions – Accelerating past coal to phasing out – Best Available Technologies –
Purchase Power Parity – Renewables – EU-UK ; Coal fed to renewables – Grid Parity + Mining tailing -------
---can it be restructured into fiscal spaces ; Key issues that Eco Endeavourers Network raised was :
Operational risks associated with phasing out coal – embodied carbon issue – governance issue, connect
with the dependents working on these land and geographies – On an honest note phasing out coal in
developing countries is like phasing out economic opportunities , job market (skilled and informal)– unless
renewables are carbon+priced to the level of ease of aligning and applying- as long term economic tool -
benefits happen is huge – with low hanging pricing for renewables to be brought about in all countries
irrespective of economic equality and inequality can be feeder for NDCs implementation target achievable
across all geographies, COP negotiations and for demand side management in energy sector.
A insightful noting on Co-benefit role in - just transition, redevelopment and socio economic base transition
was discussed. Eco Endeavourers Network had a suggestive of having Coal and Renewables Collation Switch
Programmes with Capacity building ** as - scope for induction programmes to employee working in mining
sector**** after event work out. There was a short noting on Closed mined land use – redevelopment,
creation of newer technologies; value chain in case of mining closure and how future outcomes and
deployment can help plan just transitions and scenario development- applicability with a key note speakers
resonating a thought “Its time to implement and not experiment”. Issues raised were just transition
methodologies; closing of coal mines – high cost of impacts, what it means to livelihoods, empowerment,
skills, suggestive of upskilling the ESGs – economic opportunity was discussed.
Emerging Technologies for Climate Market Accounting
The key note speakers and panelists for the session were Angel Hsu from Data-Driven EnviroLab, Joanne O
Martins from World Bank Technology & Innovation Lab, Sören Salomo from TU Berlin, Marco Schletz from
Data-Driven EnviroLab and Martin Wainstein from Open Earth Foundation
The workshop session key attributes on which the session deliberations dwelled were: innovation,
digitization and innovation, block chain finance and climate finance. The session deliberation by the
panelists was focused with deep rooted thought leadership on How can emerging technologies enhance
climate market accounting? It mentioned how the Paris Agreement, marked a fundamental change from
ambition to implementation and action

CLIMTAG, the Climate Information Tool for Agriculture
The key note speaker for the session were André Kamga Foamouhoue from ACMAD and Eline Vanuytrecht
from VITO.
The key attribute for the session were technology innovation, digitization technology and modelling
The session discussed on introduction of CLIMTAG, the CLimate InforMation Tool for AGriculture. CLIMTAG
provides decision makers
Powering Past Coal: Accelerating a Transformative and Just Transition – Financing the Coal Transition
The workshop session key note speakers and panelists were: Mafalda Duarte from Climate Investment
Funds, John Morton from US Treasury, Mandy Rambharos from ESKOM, Aida Sitdikova from European Bank
for Reconstruction and Development (EBRD), Matthew Webb from PPCA and Mechthild Wörsdörfer from
International Energy Agency (IEA)
The workshop session was moderated under the joint organizational leadership, hosted by the CIF, the
Powering Past Coal Alliance (PPCA), and the World Bank's Energy Sector Management Group
The key attribute on which the session dwelled was low carbon policy, just transition finance and climate
finance.
Transformative Finance for Sustainable Landscape Management
The workshop session keynote speakers and panelists were: ROSELYN ADJEI from FORESTRY
COMMISSION OF GHANA, Garo Batmanian from World Bank, Valerie Hickey from World Bank, Andrea
Kutter from World Bank, Jorge Rodríguez from FONAFIFO San José, Bernice Van Bronkhorst from The
World Bank Group and Simon Whitehouse from World Bank
The key attribute for the session were climate finance policy, low carbon policy and adaptation.
The session deliberations focused on how across the globe, governments are taking action to respond to
forest loss and land degradation, and how many have committed it as a transformative tool for landscape
planning, REDD+ benefits and reach and ownership rights for a sustained landscape management.
The role of credible global standards for successful Nature-based Solutions scaling
The key note speakers and panelists for the workshop session were: Mamadou Diakhite from AUDA -
NEPAD, Estelle Herlyn from from FOM, University of Applied Science, Owen Hewlett from Gold Standard,
Till Pistorius from UNIQUE Forestry and Land use GmbH AND Peter Renner from Foundation Development
and Climate Alliance.
The key attribute for the workshop session was on carbon markets and voluntary markets.
The key note speakers and panelists deliberations dwelled upon how using the power of nature is key to
meet the global climate targets and contribute to the broader SDGs. Private sector induced role help

strengthen policies. The panelists mentioned how nature-based projects help investors in scaling up and
upscaling, need for compensatory attribute was discussed for climate change adaptation and mitigation
strategies. They mentioned on the importance of Nature based solutions with the objective Design for
Purpose as scope in built environment moving ahead. The discussion on financial instrument flow in,
uncertainity as like pandemic was dived for. Also discussed was the concept of internalizing natured based
solutions for global standards raise up in carbon markets and whether entities aligning and applying nature-
based solutions in reporting and disclosures can move or transition to ensure it gets engrained in the CSR
policy.
How Cities can Leapfrog to Efficient, Zero Carbon Built Environment
1. More from less; design – net zero- carbon neutrality – dismantle and brick back – Lafarge
2. Sustainability – cities - financial instruments – carbon neutrality - endure SDGs aligning
3. Buildings – being energy guzzlers, carbon intensive – methodologies to quantify emissions and
finance/big data driven/industry 4.0 buildings and built environment
4. Operational projects – trajectories – for operational risks
5. Net Zero buildings to net zero cities **infrastructure to city and town planning
6. Green statement (Building specific specifications), Building applicable specifications –
legalized/regulatory, financial and environmental, social attributes.
7. Clean energy, clean transportation (fuel cess, access and allocation).
Day 3: Plenary and Workshop Sessions
Day three plenary - Rethinking Finance for Climate Action
The plenary for the closing day were led by the following key note speakers and panelists: Makhtar Diop
from International Finance Corporation, Tania Ortiz Mena, IEnova, Axel Van Trotsenburg from the World
Bank Group. Aloke Lohia from Indorama Ventures PCL., Bill Winters from Standard Chartered, Fiona
Reynolds from UN PRI Association, Paul Polman from Imagine, Domingo Valdes, from Vinte Viviendas
Integrales, James Rogers from Apeel Sciences, Ndidi Nnoli-Edozien from Afrikairos GmBH, Stefan Doboczky
from Lenzing AG, Patricia Espinosa from UNFCCC and Anita Anand from Innovate 4 Climate host.
The plenary of the I4C focused on the role of the private sector and private finance in driving change at a scale
alignable, applicable and can be implanted level for climate action. If climate change is treated as commodity
and not as environmental issue, financial market shall reap tangible benefits.

Joint MDB Workshop: Building an enabling environment for operationalizing Article 6
The workshop session key note speakers were: Virender Kumar Duggal from Asian Development Bank,
Dirk Forrister from International Emissions Trading Association (IETA), Wendy Hughes from World Bank,
Lucy Naydenova, African Development Bank, Chandra Shekhar Sinha from World Bank, Jan-Willem van de
Ven from European Bank for Reconstruction and Development (EBRD).
The key attribute for the workshop session includes: Article 6 and Carbon market innovation
The joint MDB workshop on building an enabling environment introduced MDBs, efforts on creating an
enabling environment for operationalizing article 6 and in trickling down its benefit for the carbon
markets. However, having said that few of countries at the negotiations table in COP 25 did not support
its approval for deliverables to happen. This COP 26 at Glasgow, United Kingdom will hopefully get the
consensus from all the participating countries – both annexes and non-annexes for a common agenda
approval so that next carbon market crediting period - Article 6 will be success story for implementation
and not just mere discussion attribute and it shall be ready to pitch for climate and global commitments
which we are supposed to be mandated to abide by.
NDCs and sovereign bonds, need to be look into for articulating changes in article 6 uncertainity (6.2, 6.4
and 6.8) as few of the conference of parties (COP)signatories have objection with it and its
implementation. Also discussed were implementation and scenario analysis, trajectories, Paris
agreement – 1.50C. Its alignment and base connect with MRVs (Monitoring, Reporting and Verification)
were discussed. Eco Endeavourers Network has a suggestive for MRVs – the MRVs be amended by adding
validation to MRVs – a nodal agency be brought into criterion to overlook its aspecting. It should be
framed as Monitoring Reporting and Verification and Validation (MRVVs).
Analyzing the Eastern Africa Carbon Market Portfolio
The workshop session key note speakers and panelists were: Tim Cowman, Carbon Africa, Bianca
Gichangi, Eastern Africa Alliance on Carbon markets and Climate Finance, Owen Hewlett, Gold Standard,
Anne Omambia, Ritah Rukundo, GIZ.
The key attribute for the session deliberations were: Paris agreement, carbon markets, Article 6 and policy
involving and evolving for it.
Under the Clean Development Mechanism (CDM), the African continent benefited the least in terms of
issuance. This however did not delimit its facilitation and implementation. As of date Eastern Africa
continues to upscale and improvise its carbon market portfolio, demand side policies, livelihood and
carbon markets to communities benefit and framing.
Renewable Hydrogen - Time to Shift
The key note speakers and panelists for the session were Alessia Falsarone from The Aspen Institute,
Business & Society Program, Ye (Agnes) Li from Rocky Mountain Institute (RMI), Dino Mehanovic from
CSAR Energy, Behdad Moghtaderi from The University of Newcastle.
The workshop session was moderated under the organization leadership of Organization CSAR Energy

The key attributes for the workshop session are green hydrogen innovation finance and climate finance.
Innovate 4 Climate mentioning: The transition economy is real. Notwithstanding the wave of
technological innovation, a number of legacy sectors such as transportation and chemicals, are still facing
the trade-off of transitioning assets and operations to an acceptable environmental footprint and turn
their emission budgets to zero over the next decade. Renewable production of hydrogen has a key role to
play in the transition.
What are the preconceived notions faced by governments, the scientific community and hydrogen
innovators? Building from the example of leading entrepreneurial breakthroughs in Canada and Australia,
and the toolkit needed to achieve carbon-neutrality targets set by countries such as China, we will turn
the discussion into an opportunity to advance the dialogue within key sectors of the global economy,
improve existing processes, and how to run technological advances into a new economic and societal
paradigm.
The role of Green Banks and National Climate Change Funds in mobilizing finance in Africa
The workshop session key note speakers and panelists were: Andrea Colnes, from CGC - Coalition for
Green Capital, Al-Hamndou Dorsouma from AfDB, Gareth Phillips from AfDB, Desmond Tutu Opio from
UECCC.
The key attribute for the session were climate finance policy and NDCs.
The workshop shall present the findings of the recently completed CIF funded study into the potential for
green banks and how they help in mobilizing climate change action.
Neutrality: Market place for GHG emission reduction management
The workshop session key note speakers and panelists were: Mario Calderón from AENOR, Raquel Fernán
Pisonero from CaixaBank, Fernando Monzón from everis, Pilar Sanchez from CaixaBank.
The key attribute for the workshop session was technology, carbon markets and finance.
The workshop session focused on carbon markets and discussed the scope, possibility and need for
creation of a national market for the generation and exchange of carbon crediting schemes, market place
for tradeoffs and offsets.
Scaling Up Renewable Energy Transition through Energy Storage Deployment in Developing Countries:
Lessons Learnt, Challenges and Opportunities
The key note speakers and panelists for the session were: Mahua Acharya from Convergence Energy
Services Limited, Maria Netto from Interamerican Development Bank, Ingo Puhl from South Pole Group
(Thailand) and Chandra Shekhar Sinha from World Bank.
The workshop session was moderated under the organization leadership of World Bank's Energy Sector
Management Assistance Program (ESMAP).

The key attribute for the workshop session were: Climate finance technology, renewable energy
technology, battery storage.
The energy storage systems that provide flexibility and support reliable energy supply play a critical role
in deploying scaling up renewable energy policies for facilitation and implementation especially in
developing countries
Where are we? Navigating progress in Article 6 international carbon trading
The workshop session key note speakers and panelists were: Fenella Aouane from GGGI, Daniel Benefoh
from Environmental Protection Agency Ghana, Mischa Classen from KliK Foundation, Muluneh Hedeto from
Environment, Forest, and Climate Change Commission of The Federal Democratic Republic of Ethiopia
(EFCCC), Milagros Sandoval from Ministry of the Environment of Peru and Christopher Zink from Swedish
Energy Agency.
Institutional governance as a key attribute for mitigation and adaptation plans. Significance regard – risks to
credits – capitalizing the challenges and just transitioning it with gains – transitional Vs Operational – urban
areas – not just sectoral / entity level. Carbon accounting – transparency – transactions – SDGs confocal and
pandemic linkage and resilience was discussed including modalities. Article 6 synergies – CDM and NDCs –
hedge and blended funds. Eco Endeavourers Network questioned on - Just transitions – 6.8 – sub section of
article 6 why is that article 6 became non acceptable at the negotiation table even with strengthen financial
instrument attribute backing take in for COP 26 Glasgow, UK – to be placed at COP
The Future of Climate Risk Data Analytics – Where is the Industry Headed?
The workshop session key note speakers and panelists were: Truman Seamans from OS-Climate, Stacy Swann
from Climate Finance Advisors, BLLC, Terry Thompson from the Climate Service, Laura Zizzo from Manifest
Climate
Where is the climate analytics industry heading? Their success -- and the need to scale their use -- is an
essential question and the workshop session dwelled on this question.
Tackling the whole-life environmental impacts of the buildings sector
The key note speakers and panelists for the session were: Johannes Kreißig from DGNB, Nuria Matarredona
Desantes from Valencia Regional Government, Audrey Nugent from WorldGBC, Mickaël Thiery from Ministry
for Ecological Transition, Edgar van de Brug from IKEA Foundation.
The workshop session key attribute was: Net zero policy, low carbon transition policy and Paris Agreement
Mobilizing Private Capital for Off-Grid Energy – Is Energy-as-a-Service a Solution?
The key note speakers and panelists were: Harry Guinness from Lion's Head Global Partners, Michel Hubert
from Escotel, Michael Rickwood from Ideas on Stage, Jessica Stiefler from MIGA, World Bank Group and
Laurent Van Houcke Bboxx.

The key attribute for the workshop session were : Innovation Finance and Risk
This workshop showcased the potential for mobilizing private investment for off-grid electrification and
distributed energy services.
Beyond mitigation: the benefits of carbon pricing
The key note speakers and panelists for the session were: Daniel Besley from the World Bank Group, Marissa
Santikarn from the World Bank, Felix Torres from ICAT Costa Rica, David Wells Roland-Holst from Berkeley
Economic Advisory and Research
The key attribute for the workshop session were: carbon markets, carbon pricing policy and low carbon
transition
Because climate goals compete with other public priorities, it is important to realize carbon prices can yield
numerous benefits, help sustain plan and action on NDCs, Paris Agreement and ETS.
From the Ground Up: Lessons from the Sahel on Integrating Local Realities into Climate Action
The key note speakers and panelists for the sessions were Joy Butscher from Independent Evaluation Group
- World Bank Group, Lauren Kelly from Independent Evaluation Group - World Bank Group, Oumou
Moumouni from United Nations Office for the Coordination of Humanitarian Affairs and Matt Turner from
University of Wisconsin - Madison
The key attribute for the session were green recovery and just transitions.
Many of the world’s poor are at a tipping point. They live in areas where worsening climate conditions prevail,
so the deliberation focused on integrating and considering local realities for climate action.
Software for change
The key note speakers and panelists for the session were: Francisco Benedito from Climatrade, Gregorio from
Magno, Ciclogreen from Mónica Malo, Jorge Portillo from GreeMko, Green Management Technology
The key attribute for the session were digitization technology, modelling carbon markets and innovation
The worshop session mentioned about FINRESP, the Spanish Centre for Responsible and Sustainable Finance,
was launched in 2019 to address the challenges. It also discussed on varied digital technology platform to
abreast with the knowledge, application for devising newer framework in carbon markets and how
technological interventions can help steer it.

Closing Ceremony Remarks
The innovate 4 climate event closing was moderated by Ms Anita Anand of Innovate 4 Climate. And the the
closing remarks and key note was delivered by Juergen Voegele from The World Bank Group. Also available
for the closing ceremony was Valvanera Ulargui Aparicio from Spanish Climate Change Office, Ministry for
Ecological Transition and Demographic Challenge
The closing ceremony declared that the next Innovate 4 Climate event will be in Barcelona, spain from 25th
– 27th May 2022.
The key closing remarks attributes include:
✓ Economies in climate action
✓ Technology markets
✓ Net zero – just transitions – how countries are working in is by– upscaling
✓ Impacts
✓ Political sensitivity
✓ Low carbon and resilient future
✓ Climate change adaptation**** 50 % target; more focus alongside with mitigation
✓ Jobs, economic policies, inclusive
✓ Carbon Pricing, recovery from Pandemic, Sustainable Development - innovate on targets
✓ Sharing up resilience, recovery innovation, new technologies
Innovate 4 Climate event learning and outcomes, deliberations are in this report. However, the intent to attend this
event was its huge experienced panelists from varied organizations, who brought with them challenges to discuss
and opportunity to take away as outcome by collaborative discussion, common consensus, sharing of ideas and
innovation, ways and means out of conceptualizing the climate action to trickle across varied spheres and verticals.
The post event what was pitched and discussed for climate followed by Eco Endeavourers Network sub theme
workable for this report discussion, Bank of England launched stress test is a separate and upright tool of research
project being carried out Eco Endeavourers Network. The report has noting and thought leadership discussion on
two sub – themes.
Sub - Theme – I: Synergies, Amalgamation and Future Market Base and Grounding Way Outs – Comparative
from Innovate4 Climate and Stress Test in Financial Market (Bank of England Launch)
The report presents as to how the adverse climate scenario can be used by financial supervisors as inputs into
either traditional or climate-specific stress-tests of regulated entities. The report covers the key metrics and
indicators found in traditional stress-tests, integrating both risks associated with the transition to a low-carbon
economy as well as physical risks in a +4°C / +6°C world.

Stress-testing framework & indicators displayed (Bank of England Launched this test)
Net profits = (Production volume x Prices)– Costs of Goods Sold – OPex – (Taxes + Interests)
• Increased cost of emitting CO2: Under a transition scenario, the implementation of a carbon tax
will cut the margin of carbon intensive industries proportionally to their emissions. Under a “too
late, too sudden” scenario, carbon prices would need to be higher than under a “smooth”
transition scenario, in order to foster a quick decrease in emissions.
• Increased cost of production inputs: During a low carbon transition, carbon intensive goods will
increase in prices due to pass-through of direct emissions costs. Industries using such carbon
intensive goods as production inputs will thus be impacted.
• Additional depreciation costs: Under a transition scenario, significant capital expenditures in
low carbon technologies will increase companies’ annual depreciation costs (included in
Operating Expenses). Under a “too late, too sudden” scenario, the depreciation costs of “brown”
capital stocks build up before the transition starts app up to these green expenses. R&D
expenditures will also likely increase.
Macroeconomic parameters – GDP and GDP growth
Sectoral Parameters - % Drop in sectoral profits at several time horizons
How risks would turn into economic or financial shocks
Scenario Parameter
Impact indicators
Financial impact indicator by asset class and sector
% Change in share prices
Changes in corporate credit rating
Changes in sovereign ratings

• Changes in revenues: Companies’ revenues will be affected through a change in prices and
consumer demand: As they become increasingly costly to produce, prices of carbon intensive
goods will likely increase, and consumers will, in turn, decrease their demand for such goods. A
delayed transition, as it would increase the costs bared by carbon-intensive industries, would
likely increase this effect.
Sub - Theme – II: Innovation to Traction and reboot - Climate Change and Renewables
As we are transitioning towards low carbon economy, renewables have become a compelling
investment for foraying ahead in global energy sector arena. Upfront higher costs are an
impending challenge for the global renewable market. Ways and means to channelize and inflow
of capital into renewables is of utmost priority. Innovation, co- creation and bonds are some
approaches towards creating an equally accessible and allocable renewable energy portfolio with
reduced credits risks. Credit risks and policy risks are the two major constraints that are
undermining the mobilization of finance in renewable energy projects. Hedging solutions per se
and reducing barriers better facilitate and manage shall need varied tools, instruments,
mechanisms and rating models. This paper aims to put forth the valid policies, practices,
frameworks and tools in the best possible way to bring inpositive deliverables and justify the title
of paper renewable energy finance – improving the access and allocation of green energy projects
and credit risk management with better solutions for ease of implementation for future
trajectories. As per OECD, IRENA varied policies and tools that reduce barriers and mitigate risks
the following are the important mentionable: Enabling Policies and Tools: Financial policies
and regulations Project Preparation Facilities Project facilitation tools On-lending facilities
Hybrid structures
Financial Risk Mitigation Instruments Guarantees Currency hedging instruments Liquidity
facilities Resource risk mitigation tools
Structured Finance Mechanisms and Tools Standardization
• Aggregation
• Securitization
• Green bonds
• Yieldcos

From Innovation to Traction, Recovery and Reboot -Good Learning and Take Aways from Innovate 4 Climate Event

Recommended

Recommended

More Related Content

What's hot

What's hot (13)

Similar to From Innovation to Traction, Recovery and Reboot -Good Learning and Take Aways from Innovate 4 Climate Event

Similar to From Innovation to Traction, Recovery and Reboot -Good Learning and Take Aways from Innovate 4 Climate Event (20)

More from Dr. Prachi Ugle Pimpalkhute

More from Dr. Prachi Ugle Pimpalkhute (20)

Recently uploaded

Recently uploaded (20)

From Innovation to Traction, Recovery and Reboot -Good Learning and Take Aways from Innovate 4 Climate Event