International Development Finance Club (IDFC)

🗞 NEWSLETTER | Wrap-Up of an Impactful Second Week at #COP29IDFC Pavilion! As #COP29 comes to a close, we celebrate another remarkable week at the IDFC Pavilion. Over the past two weeks: ✅ Hosted 30+ events 🤝 With contributions from 9+ members & numerous partners 🎤 Featuring 150+ panelists sharing their expertise and visions Topics covered included: 🌿 Carbon markets 💰 Climate finance ⚡ Energy transition 🌍 Common principles ✔️ Technical Assurance ♀️ Gender equality ...and much more! 👏 A huge thank you to all the side event organizers and participants who made this possible! Stay tuned—replays of all events will soon be available on our website: https://lnkd.in/e9YiBviJ IDFC members participants and partners: IDFC Facility (International Development Finance Club) AFD - Agence Française de Développement, Bancoldex, Banque Ouest Africaine de Développement, CAF -banco de desarrollo de América Latina y el Caribe-, Development Bank of Southern Africa (DBSA), Japan International Cooperation Agency (JICA), KfW, CABEI, CDP Cassa Depositi e Prestiti, TSKB | Türkiye Sınai Kalkınma Bankası and numerous partners Climate Policy Initiative, E3G, I4CE - Institut de l'économie pour le climat / Institute for Climate Economics, International Institute for Sustainable Development Some of the speakers present during this second week, thank you to all: Niklas Höhne, Anna Nilsson, Sarinee Achavanuntakul, Hilen G Meirovich, Seleha Lockwood, Laura Sabogal, Moubarak Moukaila, Mustapha Kleiche IDFC, Angie Dazé, Debbie Ley, Chikondi Chabvuta-Mkawa, Colette BENOUDJI, Manal Bidar, Christophe Buffet, Nicole Pinko, Atika Ben Maïd, Nancy Saich, siloshini naidoo, Michele Diekmann, Claire Eschalier, Nicolas Picchiottino, Dr. komlanvi MOGLO, Sasha Abraham, Manfred Kopper Castro, Ignacio Lorenzo Arana, Draženka and more ...

#COP29IDFC | ❓ What is the link between Gender, Equity, and Justice in Climate Change Adaptation? This was the key question addressed this morning by the speakers, invited by International Institute for Sustainable Development at the IDFC Pavilion. This event, organized in collaboration with AFD - Agence Française de Développement, CARE highlighted a critical topic for ensuring a just and #inclusivetransition in the face of #climatechallenges. We were delighted to host this important discussion at the IDFC Pavilion during this last day of events. IDFC Facility (International Development Finance Club) will conclude COP29 Azerbaijan with a closing event at 5:30 PM (Baku Time) ➡ https://lnkd.in/e9YiBviJ 𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝟰 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝘀𝗲𝘀𝘀𝗶𝗼𝗻: ✔ The IPCC’s 6th Assessment Report contained more evidence on gender, equity, and justice in climate change adaptation than any previous report. ✔ The historical and ongoing exclusion and marginalization of people based on their gender, race, wealth, disabilities, social status, or other socio-economic characteristics influences their vulnerability to the impacts of climate change. ✔ When adaptation planning and action include considerations of gender, equity, and justice, adaptation efforts are strengthened, and there is greater potential to produce more successful, cost-effective, and just plans and outcomes. ✔ Community-based adaptation (CbA), human rights-based approaches (HRBA), and approaches to adaptation that consider gender-related dimensions or are equity based can address adaptation while also contributing to gender-, equity-, and justice-related outcomes. 𝗪𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲? 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲 𝗽𝗮𝗽𝗲𝗿𝘀 𝗯𝗲𝗹𝗼𝘄: 🔗 https://lnkd.in/gb4VsEt3 🔗https://lnkd.in/eYjS_HGF 👏 A big thank you to the panelists for their commitment, for sharing their experiences, and for their invaluable insights : Angie Dazé | Debbie Ley | Chikondi Chabvuta-Mkawa, CARE | Colette BENOUDJI | Manal Bidar | Christophe Buffet The replay will soon be available on our website! https://lnkd.in/e9YiBviJ  Stay tuned to (re)discover this session.

The accelerated expansion of ⚡ #renewable energies and the preservation of 🌿 #biodiversity are crucial to meeting the 1.5-degree limit of the #ParisAgreement. KfW is contributing its expertise and concrete projects to both of these future topics at the 29th World Climate Conference in #Baku. 📢 ➡️ What is needed for a faster global energy transition was debated by KfW’s Michele Diekmann, in the pavilion of the International Development Finance Club (IDFC) with partners from #SouthAfrica, #India and #SouthAmerica. For KfW, a successful energy transformation is based on a combination of global investment, indispensable political support and technological innovation - held together by regional and intergovernmental cooperation. ✔️ Other key elements include the mobilisation of venture capital, combined with the reduction of investment risks. ✔️ ➡️ KfW's commitment to nature conservation at #COP29 took centre stage at a side event in the WWF pavilion. In the Caucasus region, KfW has been promoting a so-called biodiversity hotspot for decades. 💡 A presented analysis shows that investments in the protection of natural resources pay off in many ways: They help to preserve biodiversity, promote regional economic development and contribute to climate protection. From 2000 to 2024, KfW-financed projects in the South Caucasus helped to more than double the protected area - from one million to 2.2 million hectares. At the same time, nature conservation has removed an additional 12 million tonnes of CO2 from the atmosphere over the past 24 years. ✔️ ➡️ The session ‘Enhancing ambition on nature and inclusion within Mission 1.5°C’ explored how nature and inclusion can be fully integrated in this critical mission. KfW’s Andrea Hauser outlined that we must keep up the pace in protecting areas and integrate the protection of biodiversity in all of our project concepts wherever we can. ✔️ KfW is working on mainstreaming biodiversity topics in its portfolio, i.e. for every project we support we will assess not only its risks, but also its potential for protecting and fostering biodiversity. ✔️ More about KfW at the COP29 👉 https://lnkd.in/eX67kgUU CAF -banco de desarrollo de América Latina y el Caribe- Development Bank of Southern Africa (DBSA) Avaada Group Manuel Pulgar-Vidal Olympus Manthata SUMIT SHARMA CFA, FRM Martha Castillo

The 2022 #IPCC report contains more evidence on gender, equity, and justice in climate change adaptation than ever before. But how do you find it in the thousands of pages of the report? And how can we make this information more accessible and useful for the people who need it most? If you’re at #COP29 tomorrow, come join Chikondi Chabvuta-Mkawa, Colette BENOUDJI, Manal Bidar, and I to unpack some of the key messages from the IPCC Working Group II report, and share stories that can help us to communicate them for more gender-responsive and just adaptation action. If you're not in Baku, a livestream will be available here: https://lnkd.in/gC-Fmm-A Christophe Buffet | (E) Lisa (F) Schipper | Debora Ley, PhD | Edmond TOTIN | Cameron Hunter

❓ QUESTION | What role can financial intermediation play in achieving the Paris Agreement objectives? It was the central question that panelists addressed during the side event organized by Mainstreaming Climate in Financial Institutions on "Maximizing PDBs’ Climate Impact Through Financial Intermediation" at #COP29IDFC, where they shared insights and the latest research from think tanks and international organizations. Find the key takeaways below: ➡ Much is expected from institutions that deploy public funds, beyond their transactions, as their work influences the behaviour of private actors in capital markets ➡ Having sub-regional development banks function as regional adaptation hubs could help aggregate adaptation financing needs & channel international financing ➡ #PDBs need to support local financial systems by moving from a project approach to a counterparty-based approach, all the way to a system approach ➡ Banks need common definitions and a simple system to understand what counts as #climatefinance ➡ Counterparties need capacity and technical support but also time to transition, rather than a tick-the-box approach for transition and adaptation finance ➡ Some IDFC members are developing tailor-made #technicalassistance to institutions' needs, along with financial incentives that could help support investments in sustainability-linked finance 👏 Thank you to all the panelists for the great discussions and the presentations of the tools: - Nancy Lee, CGD - Nicole Pinko, Climate Policy Initiative - Atika Ben Maïd, AFD - Agence Française de Développement - Nancy Saich, European Investment Bank (EIB) - siloshini naidoo, Development Bank of Southern Africa (DBSA) - Michele Diekmann, KfW - Claire Eschalier, Mainstreaming Climate in Financial Institutions

Event Recap ⬇️ #COP29IDFC “Practical appliance of GHG accounting through IDFC CarboMeter tool” We hosted an event today at #COP29IDFC Pavilion to assess the importance of GHG accounting in tracking GHG emissions and to showcase the IDFC CarboMeter tool that the IDFC Facility · International Development Finance Club offers to the members of the International Development Finance Club (IDFC). CDP Cassa Depositi e Prestiti, Caisse de Dépôt et de Gestion, PT Sarana Multi Infrastruktur (Persero), HBOR - Hrvatska banka za obnovu i razvitak, who were the beta testers during the development phase, provided insightful feedback.       👏 A big thank you to all of the speakers Karsten Löffler from Frankfurt School of Finance & Management, Morgane Le Guen and Inès de La Comble from Carbone 4, Draženka Draženović Kostelac, PhD, CFA, Francesca Spinosi, Dr. Ghizlaine Nourlil, josua partogi, Mustapha Kleiche IDFC 🎯 Session highlights ➡️ GHG emissions accounting is important for Development Banks through the target setting in reaching the GHG reduction objectives in line with Paris agreement ➡️ Climate-related risk is supported by GHG accounting ➡️ Green product development can address low-carbon activities and support the transition to a low carbon economy 🎯 The CarboMeter tool - Feedback and testimonies The members of the International Development Finance Club (IDFC) highlighted the features they appreciated : the tool is user friendly, convenient, provides clear results in terms of KPIs and offers the possibility to use standards when input data is missing. ✍ IDFC Team : Nicolas Picchiottino | Florence Marzuk | Draženka Draženović Kostelac, PhD, CFA | Dr. komlanvi MOGLO |Tawanna Caroline L. | Mustapha Kleiche IDFC | Carlota Emeryk Pérez |

#COP29IDFC | Focus on Mainstreaming Climate in Financial Institutions Side event: "𝗦𝘂𝗽𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗿𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀: 𝗛𝗼𝘄 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗴𝗼 𝗯𝗲𝘆𝗼𝗻𝗱 𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲" ➡ Swipe below to discover the key takeaways shared by the experts during this insightful event. 💡 Financial institutions were recognized as important players in building resilience against climate impacts by integrating climate-related risks into their frameworks and strategies. This event aimed to: 1️⃣ Highlight recent findings on climate risk management relevant to financial institutions 2️⃣ Foster experience sharing on how financial institutions could work together for better climate risk management 3️⃣ Support the identification of financial instruments that adapted to the risks faced by financial institutions' counterparties. Ultimately, the event sought to help financial institutions better contribute to addressing global climate risks, target their assistance to increase resilience in local economies, and go further beyond risk disclosure. Thank you to all the panelists: - Jaspreet Kaur, Climate Policy Initiative - Remco Fischer, United Nations Environment Programme Finance Initiative (UNEP FI) - Natasha Chaudhary, I4CE - Institut de l'économie pour le climat / Institute for Climate Economics - Alina Mika, EBRD - Nora Lambrecht, IDB Invest - Amal Benaïssa, PhD, Bank Of Africa - Dr. komlanvi MOGLO, Banque Ouest Africaine de Développement and IDFC Facility (International Development Finance Club) - Yukichi Usui, Japan International Cooperation Agency (JICA) - Claire Eschalier, I4CE - Institut de l'économie pour le climat / Institute for Climate Economics

📢 Join us at #COP29IDFC on Nov 20 for our Side-Event focused on the role of the National Development Banks (NDBs) in supporting cities’climate smart infrastructure projects. ➡️ The session will explore the efforts that the International Development Finance Club (IDFC) members are making in order to systematically improve their institutional readiness for financing and advising on urban low-carbon and climate-resilient infrastructure with the objective to increase their financing commitments with climate benefits, thereby unlocking further financing from a range of local/international private and public sources. 🤝 The IDFC Facility · International Development Finance Club is happy to welcome Federal Ministry for Economic Affairs and Climate Action, CAF -banco de desarrollo de América Latina y el Caribe-, BNDES, Development Bank of Southern Africa (DBSA), PT Sarana Multi Infrastruktur (Persero), C40 Cities and Cities Climate Finance Leadership Alliance (CCFLA). 📺 Follow the livestream: https://shorturl.at/lq8nH 📍 IDFC Pavilion Location: Blue Zone - Stadium Ground Floor - Number C21 ✍ IDFC Team : Nicolas Picchiottino | Florence Marzuk | Jassim MERABET | Mustapha Kleiche IDFC | Tawanna Caroline L. | Dr. komlanvi MOGLO | Charlotte Jurus | Carlota Emeryk Pérez | Constant Harbonn | Guylaine HOR | Draženka Draženović Kostelac, PhD, CFA

🔎 Financing #Asia’s Just Transition: Key Insights from #COP29IDFC Focus on the side event organized by Japan International Cooperation Agency (JICA) at COP29 Azerbaijan. 💡 This session aimed to foster discussions on financing mechanisms to facilitate a just transition towards #carbonneutrality, primarily in Asia. It explored the concept and importance of a just transition, the current state and challenges of decarbonization in Asia, financing needs and opportunities, and case studies. 📌 In this context, financing not only climate solutions but also high-emitting sectors / hard-to-abate sectors was deemed important to accelerate whole-society decarbonization. Engagement with clients was also highlighted as critical. Given Asia's fast-growing economy, this discussion was considered crucial for the common goal of achieving net-zero. ✔ Key takeaways: In order to realize the decarbonization in real economy, comprehensive actions including policy support, financing, etc, are necessary. A lot of relevant concepts are not one-size-fits-all. That is why efforts to define those concepts such as transition project and just transition are also being made. Aside from commitments of the financing amount, from practioners’ point of view, there are many challenges to originate actual projects. However, as transition can be also opportunity, a lot of initiatives such as coal phaseout, hydrogen fund, blended finance, and so on. ---- 👏 Thank you to all the participants: Megumi Muto, Herve Breton, Pradana Murti , Christian Deseglise, Satoshi Ikeda , Masa Takanashi  PT Sarana Multi Infrastruktur (Persero), HSBC, Sumitomo Mitsui Banking Corporation – SMBC Group, AFD - Agence Française de Développement

🔎 Guidelines and videos for Tracking Green Finance : in depth tools from a collaborative “client-centred” capacity building initiative Today was all about robust tracking methodologies on the International Development Finance Club (IDFC) pavilion at #COP29IDFC. The Common Principles are frameworks for high integrity tracking and the latest versions, developed between the International Development Finance Club (IDFC) and the Joint MDB Group, aim to provide the core guidelines for making Green Finance Tracking as high integrity, robust and granular as possible. As part of the capacity building efforts, the IDFC Facility · International Development Finance Club and the Climate Policy Initiative (CPI) have worked with International Development Finance Club (IDFC) members to develop training and guidance to deepen their understanding of the principles of climate finance tracking, streamline their tracking processes through tools and address related challenges. 👏 As a result of this collaborative approach, we have produced detailed guidance documents, the first on Adaptation, Mitigation and Biodiversity Finance, and the second focusing on specific key sectors such as energy, transport, AFOLA, water and the urban sector. 📚 To discover the General Guidance and the Sectoral Guidance of Green Tracking Finance : 🔗 https://lnkd.in/eH2Ts9We 🔗 https://lnkd.in/ecXYtn5d 🎥 We are currently producing a series of 9 e-learning videos introducing the Common Principles of Green Finance Tracking. We will keep you informed as soon as they are published. 🎬 Let’s dive into the first “Big picture” video ⬇️ Sasha Abraham, Caroline Alberti, Tawanna Caroline L., Draženka Draženović Kostelac, PhD, CFA, Mustapha Kleiche IDFC, siloshini naidoo, Martha Castillo, Ignacio Lorenzo Arana, Dr. komlanvi MOGLO https://lnkd.in/eDkiNNp4