Role of National Financing Vehicle in Mobilizing Climate Finance & A Look at GCF’s Private Sector Approach

Location :
On 25 October 2022, the Global Green Growth Institute (GGGI) will host a session at Global Green Growth Week 2022 that will focus on what it takes to develop national financing vehicles, with the Mongolia Green Finance Corporation (MGFC) as an example.
GGGW-Green-Investment

On 25 October 2022 (11:00-12:30 KST), the Global Green Growth Institute (GGGI) will host a session on green investment at Global Green Growth Week 2022.

The session will focus on what it takes to develop National Financing vehicles with Mongolia Green Finance Corporation (MGFC) as an example, share learnings of dos and don’ts and the status of MGFC. 

The session will also look at the Private Sector Facility (PSF) set up by GCF. In order to scale up GCF’s activities and de-risk the delivery of capital flows, GCF has set up PSF, a dedicated division designed to fund and mobilize private sector actors, including institutional investors, project sponsors and financial institutions, GCF will share about the performance and learnings of PSF till date.

In the session on “Building the financial architecture for sustainable economic transitions, towards improving policy consistency and coordination”, we will learn about the Green Finance Platform that provides a clearinghouse of market, policy and regulatory innovations for the financial system to contribute to the transition towards a low-carbon, resilient and inclusive economy.

Lastly, Dr. Ick Jin will provide an insight on ways to link ESG investment to green and climate finance via a national financing vehicle. The session will benefit from research and learnings through his academic papers and policy reports.

Program
11:00-11:05  Welcome Remarks and Video
– H.E. Ban Ki-moon, President of the Assembly and Chair of the Council, Global Green Growth Institute (GGGI) (video message) 
11:05-12:05  Presentations:
 

1. Mongolia: Global Green Growth Institute
Speaker: Mr. Tuguldur Baavai, Green investment officer
Topic: Mongolia Green Finance Corporation (National Financing Vehicle), status update and learnings

2. Global: Green Climate Fund (GCF), Independent Evaluation Unit (IEU)
Speaker: Ms. Genta Konci, Evaluation Specialist & Mr. Temurbek Zokirov, Evaluations and Capacity Consultant
Topic: Going where no humans have gone before: Lessons from an independent evaluation of the private sector approach of the Green Climate Fund” 

3. Global: Green Finance Platform
Speaker: Ms. Camille Andre, Green Finance Manager, Green Growth Knowledge Partnership (GGKP)
Topic: Building the financial architecture for sustainable economic transitions

4. Asia: National Assembly Budget Office (Republic of Korea)
Speaker: Dr. Ick Jin, Director of Economic Analysis Coordination Division
Topic: Linking ESG investment to green and climate finance via a national financing vehicle

12:05-12:25  Open Discussion/Q&A
– Facilitator: GGGI
12:25-12:30  Closing Remarks:
– Mr. Mahamadou Tounkara, Director (Office of the Director General), GGGI 
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