The debate “Mobilizing Climate Finance. The role of the institutional investors in driven green growth and sustainable development” will focuss on the need to further mobilize private investment, particularly that of institutional investors (pension funds, sovereign wealth funds and others) to address climate change challenges through low carbon and resource efficient solutions. This discussion with high level political leaders, policy makers and business leaders will be taking place on May 22nd from 9.30 AM to 11 AM, in the Oval Hall of the Astana Economic Forum.
Date: 22 May 2013 Time: 09.30-11.00 Place: Astana Economic Forum. Palace of Independence, Oval Hall
Issues for Discussion:
- Estimates show $1 trillion a year globally should be invested in ‘climate solutions’ by 2030 and the private sector is expected to provide the vast majority of this capital.
- While the political economy is developing wider climate change and resource frameworks, what are the immediate opportunities for public-private partnerships that can effectively manage some of the risks faced in these investments and act as pilots for a larger scale up over the next decade or so?
- What are the opportunities for institutional investors to invest at scale within the region and specifically in Kazakhstan and can public-private partnerships enable these investments to occur more quickly?
- What are the major barriers for investment within the region and specifically in Kazakhstan – policy or technology?
- Can a country like Kazakhstan be a leading example of public-private engagement on climate change investments?
- Create a better understanding of the barriers faced in scaling up climate and resource efficient investments globally and, particularly, in Kazakhstan.
- Better understand the substantive and political reasons why greater public-private coordination and partnerships are needed to mobilize climate and sustainable development financing.
- Understand existing vehicles to scale up private investment in climate finance and the need and advantages in further developing public-private partnerships with institutional investors to address these challenges.
- Help identify stakeholders to engage for further discussion and development of this initiative.
Moderator and Introduction – Roger Wagner, P80 Group Foundation
Opening Words – Wim Kok, Prime Minister of the Netherlands (1994-2002) and Club de Madrid President
Framing the Debate
Minister Kapparov, Minister of Environment Protection, Republic of Kazakhstan
Duarte Henriques da Silva, Investment Specialist, Investment Funds and Special Initiatives Division, Asian Development Bank
A Political Perspective – Views from Club de Madrid Members
- Roza Otunbayeva, President of the Kyrgyz Republic (2010-2011)
- Petre Roman, Prime Minister of Romania (1989-1991)
- Carlos Westendorp, Secretary General of the Club de Madrid
The Club de Madrid is a member of the World Leadership Alliance and will from now on operate under the name World Leadership Alliance-Club de Madrid. It will keep its autonomy, independence and mission of working towards a “Democracy that delivers”, its original motto. In this regard, World Leadership Alliance-Club de Madrid is composed of more than 92 democratic former Presidents and Prime Ministers from over 60 countries, constituting the world’s largest forum of former Heads of State and Government, who have come together to respond to a growing demand for support among leaders in two key areas – democratic leadership and governance, and response to crisis and post-crisis situations. Both lines of work share the common goal of addressing the challenge of democratic governance and political conflict, as well as that of building functional and inclusive societies, where the leadership experience of our Members is most valuable.
The World Leadership Alliance is an independent non-profit global organization that brings together political and business leaders to foster democratic values and leadership for the development of effective, sustainable and inclusive societies and global prosperity and security. It is composed of two main Conventions, the World Leadership Alliance – Club de Madrid, comprised of democratically elected former Presidents and Prime Ministers and the World Economic Council, in which global business leaders convene to act as the institutional supporters of the WLA operating through regional Conventions
Mission of the Astana Economic Forum: To unite economists and other experts, as well as representatives of the public, in discussing and searching for solutions to socio-economical, legal and cultural issues of Kazakhstan and the world’s economic development. The Forum will provide economic-development, growth and sustainability recommendations to the Government of Kazakhstan, the governments of the countries participating in the Forum and the Group of Twenty (G-20).