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Nordic Approaches to Mobilizing Climate Finance (NOAK)

(12:15-13:45)

Achieving the objectives of the Paris Agreement will require investments in the trillions. Internationally, the Nordic countries are often perceived as leaders in the international finance arena, both in terms of scale and in the ways they engage with addressing finance needs in developing countries. The event takes place at the New Nordic Climate Solutions Pavilion - Section DEL2, Blue Zone, COP22.

It is therefore valuable to understand how the Nordic actors, public and private, are already contributing to climate-related investments in developing countries, as well as how they could influence international finance flows and help make them more climate compatible. This side event will provide a Nordic perspective on how to mobilize - in particular private - finance consistent with a well below 2°C pathway.

Guiding questions for discussion:  Which lessons can be drawn from the way Nordic countries deploy financial instruments and channels, and help build enabling environments to address the Paris Agreement financing challenge?  What good examples from the Nordic context are innovative and replicable when it comes to mobilizing private finance?

Programme:

     12:15 Welcome Vidar Helgesen, Minister of Climate and Environment, Norway

     12:20 Interim results from the Nordic study on mobilizing climate finance flows in line with the Paris Agreement Mikko Halonen, Leading Consultant, Gaia Consulting

     12:40 OECD work on institutional investors and green infrastructure investment Simon Buckle, Head of Climate Change, Biodiversity and Water Division, OECD

     12:55 Discussion: Mobilizing climate finance

          o Simon Buckle, Head of Climate Change, Biodiversity and Water Division, OECD

          o Morten Elkjaer, Head of Department for Growth and Employment, Danish Climate Investment Fund

          o Frauke Röser, Founding Partner, NewClimate Institute

          o Thomas Wrangdahl, First Vice-President and Head of Lending, Nordic Investment Bank

The event will be webstramed. Light snacks and drinks are provided.

Web TV

Watch the streaming from the the event  here:

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