Day 1: 7 November 2023 (Tuesday)
Enhancing Awareness and Understanding of Natural Capital Approaches
and their Integration into Policy and Finance
Venue: Multi-Function Hall 1
| Time | Activities |
| 8:00 - 8:30 am | Arrival and Registration |
| 8:30 – 8:40 am | Forum Overview Qingfeng Zhang, Senior Director, AFNR-SG and Co-Head Nature, ADB Gretchen Daily, Faculty Director and Co-Founder, Natural Capital Project at Stanford University |
| 8:40 – 9:00 am | Welcome Remarks Fatima Yasmin, Vice-President, Sectors and Themes, ADB Scott Fendorf, Senior Associate Dean, The Stanford Doerr School of Sustainability, and Professor, Earth System Science Department, Stanford University Carlos Manuel Rodriguez, CEO and Chairperson, Global Environment Facility Ambassador Chantale Wong, United States Director, ADB |
| 9:00 – 9:10 am | Announcement of ADB’s Natural Capital Fund Ramesh Subramaniam, Director General and Group Chief, Sectors Group, ADB |
| 9:10 – 9:20 am | Open Discussion |
| Session 1: Panel Discussion: Mainstreaming Natural Capital Investments in ADB Moderators: Yasmin Siddiqi, Director, South Asia, and Central Asia Team, SG-AFNR, ADB Yoko Watanabe, Director, Environment, Climate Change and Sustainable Development Department (CCSD), ADB |
| 9:20 – 10:00 am | 25 years of valuing ecosystems in decision-making Gretchen Daily, Faculty Director and Co-Founder, Natural Capital Project at Stanford University Panelist Discussion Warren Evans, Special Senior Advisor (Climate Change), Office of the President, ADB M. Teresa Kho, Director General, East Asia Department, ADB Sungsup Ra, Deputy Director General and Deputy Group Chief, SG, ADB |
| 10:00 – 10:10 am | Open Discussion |
| 10:10 – 10:25 am | Networking Break |
| Session 2: Perspectives from MDBs on Natural Capital Investment Moderators: Lisa Mandle, Director of Science-Software Integration and Lead Scientist, Natural Capital Project at Stanford University Thomas Panella, Director, Natural Capital Team, AFNR Sector Office |
| 10:25 am – 11:05 am | Panel Discussion: Lessons Learned for Scaling-up Natural Capital Investment Across International Financial Institutions Eva Mayerhofer, Lead Biodiversity and Environment Specialist European Investment Bank Gregory Watson, Head, Natural Capital Lab, Inter-American Development Bank Qingfeng Zhang, Senior Director, AFNR-SG and Co-Head Nature, ADB |
| 11:05 – 11:15 am | Open Discussion |
| 11:15 – 11:30 am | Group Photo |
| 11:30 am – 1:00 pm Mezzanine, 2/F, Staff Hub | Networking Lunch |
| Session 3: Introduction to the Program—Laying the Foundation for Natural Capital Assessments and Accounting Moderators: Narayan Iyer, Senior Natural Resources and Agriculture Specialist (Agribusiness). SG-AFNR, ADB Rafael Schmitt, Lead Scientist, Natural Capital Project at Stanford University |
| 1:00 – 1:10 pm | Overview of ADB’s Regional Natural Capital Lab Narayan Iyer, Senior Natural Resources and Agriculture Specialist (Agribusiness), AFNR-SG, ADB Suzanne Robertson, Principal Operations Coordination Specialist (Environment and Agriculture), CCSD, ADB |
| 1:10 – 1:20 pm | Introduction to the Natural Capital Project Anne Guerry, Chief Strategy Officer and Lead Scientist, Natural Capital Project at Stanford |
| 1:20 – 1:30 pm | Overview of the ‘People, Planet, Prosperity’ (3P) Project Suzanne Robertson, Principal Operations Coordination Specialist (Environment and Agriculture), CCSD, ADB Narayan Iyer, Senior Natural Resources and Agriculture Specialist (Agribusiness), AFNR-SG, ADB |
| 1:30 – 1:40 pm | Introduction to Ecosystem Services, Valuation and Natural Capital Assessment and Accounting Lisa Mandle, Director of Science-Software Integration and Lead Scientist, Natural Capital Project at Stanford University |
| 1:40 – 1:50 pm | Open Discussion |
| Session 4: Natural Capital Assessments and Accounting in Practice Moderator: Silvia Cardascia, Water Resources Specialist, AFNR-SG, ADB |
| 1:50 – 2:00 pm | Using Natural Capital Assessments and Accounting to Inform Decisions Anne Guerry, Chief Strategy Officer and Lead Scientist, Natural Capital Project at Stanford |
| 2:00 – 2:10 pm | Panel Discussion / Case Studies: Successful Implementation of Natural Capital Assessments and Accounting for Policy and Finance Impact 1. Belize Blue Bond Beverly Wade, Director, Belize Blue Bond & Finance Permanence Unit Jade Delevaux, Senior Fellow, Natural Capital Project at Stanford University |
| 2:10 – 2:20 pm | 2. Climate Change Resilience, Adaptation, and Mitigation: Impacts on Policy and Finance Jess Silver, Ecosystems Services Analyst, Natural Capital Project at Stanford University |
| 2:20 – 2:30 pm | 3. Water Funds / Prioritization for Payment Schemes Rafael Schmitt, Lead Scientist, Natural Capital Project at Stanford University |
| 2:30 – 2:40 pm | 4. Ecological Valuation and Compensation Mechanism in the Kubuqi Desert, People’s Republic of China Dongmei Guo, Environment Specialist, SG, ADB |
| 2:40 – 2:50 pm | Open Discussion |
| 2:50 – 3:00 pm | Networking Break |
| Session 5: Lessons from Pilot Countries, Thus Far Moderator: Anne Guerry, Chief Strategy Officer and Lead Scientist, Natural Capital Project at Stanford University |
| 3:00 – 3:10 pm | Overview of The People, Planet, Prosperity (3P) Project Anne Guerry, Chief Strategy Officer and Lead Scientist, Natural Capital Project at Stanford University |
| 3:10 – 3:20 pm | Presentations by Developing Member Country Representatives: Lessons from Pilot Countries Thus Far 1. Armenia Aram Meymaryan, Deputy Minister, Ministry of Environment Alexander Arakelyan, Head, Geoinformation Science Laboratory, Institute of Geological Science of the National Academy of Science |
| 3:20 – 3:30 pm | 2. Cook Islands Eva Moana Patai, Environmental Compliance Officer, National Environment Services Ana Tiraa, Programme Administrator, Ministry of Finance and Economic Management |
| 3:30 – 3:40 pm | 3. People’s Republic of China Xia Ye, Engineer, Development and Research Center, Ministry of Natural Resource Xiang Niu, Researcher, Institute of Ecology and Nature Conservation, Chinese Academy of Forestry, National Forestry and Grassland Administration |
| 3:40 – 3:50 pm | 4. Philippines Analiza Rebuelta Teh, Undersecretary for Finance, Information Systems, and Climate Change, Department of Environment and Natural Resources |
| 3:50 – 4:00 pm | 5. Sri Lanka K.D.S.R. Perera, Additional Director General, Department of National Planning, Ministry of Finance |
| 4:00 – 4:10 pm | Open Discussion |
| Session 6: Linking Ecosystem Services Valuation to Natural Capital Accounting in Practice Moderator: Martino Pelli, Senior Economist, Economic Research and Development Impact Development (ERDI), ADB |
| 4:10 – 4:20 pm | Importance of Ecoservices Valuation and Natural Capital Accounting Lisa Mandle, Director of Science-Software Integration and Lead Scientist, Natural Capital Project at Stanford University Lei Lei Song, Director, Economic Analysis and Operational Support Division, ERDI, ADB |
| 4:20 – 4:30 pm | Capacity Building for Ecoservices Accounting Mahinthan Joseph Mariasingham, Senior Statistician, ERDI, ADB |
| 4:30 – 4:40 pm | Methodologies and Tools for Natural Capital Pricing Martino Pelli, Senior Economist, ERDI, ADB |
| 4:40 – 4:50 pm | Hubei Project: Price of Water Quality Improvements Jindra Samson, Senior Economics Officer, ERDI, ADB |
| 4:50 – 5:00 pm | Shangdong-Qixia: From Economic Analysis to Gross Ecosystem Product Lan Le, Environmental Economist, AFNR-SG, ADB Shingo Kimura, Principal Natural Resources and Agriculture Economist, SG-AFNR, ADB |
| 5:00 – 5:10 pm | Open Discussion |
| Session 7: Setting Expectations for the Study Tour on Day 2 Darline Lim, Environment Specialist (Natural Capital Investment), CCSD, ADB Venue: ADB Courtyard |
| 6:30 – 6:40 pm | Study Tour Mechanics Darline Lim, Environment Specialist (Natural Capital Investment), CCSD, ADB |
| Welcome Dinner 6:40 – 8:30 pm Venue: ADB Courtyard |