Session 2: Crowding in Private Finance for Blue and Green Innovation
20 June 2022 • 4:00–5:30 p.m. (in UTC/GMT +8 hours)
This session will discuss products, instruments and finance facilities offered by multilaterals focusing on crowding in private finance, notably to enable financing of blue, green or climate innovation.
The marine (‘blue’) and broader environmental (‘green’) challenges the world faces require massive capital to reduce pressure on ecosystems and communities. The current financing gap in Blue and Green Finance in Asia is due to several challenges that investors face in scaling financing towards both. In addition, collaborative innovation in this space is key if blue and green finance covers additional sectors or client groups in financial markets.
This session will discuss a range of solutions for closing this gap, including:The marine (‘blue’) and broader environmental (‘green’) challenges the world faces require massive capital to reduce pressure on ecosystems and communities. The current financing gap in Blue and Green Finance in Asia is due to several challenges that investors face in scaling financing towards both. In addition, collaborative innovation in this space is key if blue and green finance covers additional sectors or client groups in financial markets.
- Conceptualization of new blue and green financial instruments (e.g. blue, green, climate or carbon bonds), their piloting and regulatory approval, and their introduction and scaling in relevant markets.
- How to build relevant capacity among financial institutions, regulators and prospective users of innovative blue and green financial instruments.
- How MDBs can provide support, e.g., by supporting needs assessment at the country level; or spearheading strategic initiatives. Examples in the blue finance space include the ADB Plan for Healthy Oceans and the ADB Oceans Finance Initiatives being cases in point.
Mitzi Borromeo
Multimedia
Communications Consultant
Jackie Surtani
Director
Infrastructure Finance Division
Mona Sur
Practice Manager for Environment, Natural Resources
and Blue Economy in East Asia
Saurav Kumar
Founder
of Euler Motors