HYBRID EVENT: Thursday, March 30, 2023 / 12:30pm - 2:00pm (CET) in Berlin, Germany / 6:30am - 8:00am (EST)
This hybrid event aims to provide an overview of relevant technical and financial considerations for repurposing coal assets with climate smart alternatives and inform decision makers’ policy choices. It will bring together high level stakeholders from the private and public sectors, donor, and recipient countries, as well as think tanks, among others to share their relevant experiences, latest initiatives such as Just Energy Transition Partnerships (JETPs), and other insights on the topic.
In 2022, total energy-related greenhouse gas emissions increased by 1% to an all-time high of 41.3 Gt CO2-eq with CO2 emissions from energy combustion and industrial process accounting for 89% of the total. Meanwhile, coal emissions grew 243 Mt to an all-time high of 15.5 Gt, increasing faster than the annual average growth over the past decade. (Source: IEA)
Even though the impact of coal emissions has been long and widely known, there have been several complex challenges hindering the pace of coal transition so far. Two such challenges pertain to the handling of stranded (coal) assets and ensuring the just transition of people and communities affected most by the transition. With the increasing global momentum to reduce dependency on coal, enhanced understanding of potential technical solutions, strategic deployment of limited concessional finance and role of multilateral partnerships will be key to supporting coal dependent economies meet their climate ambitions.
The Climate Investment Funds’ (CIF) USD 2.5 billion Accelerating Coal Transition (ACT) Investment program is the world’s first multilateral coal transition mechanism that offers a holistic financial toolkit to facilitate coal transition in key developing countries. Since its launch, the program has been widely received by the global community, playing a central and catalytic role in the recent Just Energy Transition Partnerships (JETP) in South Africa and Indonesia.
The PPCA is a coalition of national and subnational governments, businesses and organizations working to advance the transition from unabated coal power generation to clean energy.
In this context, the event, co-hosted by the Federal Ministry of Economic Cooperation and Development (BMZ, Germany), CIF and PPCA will offer globally relevant insights from key stakeholders from donor and recipient countries, multilateral development banks (MDBs), private sector, thought leaders and others, on relevant considerations for repurposing existing coal assets, potential financial approaches to implement those solutions and role of partnerships in scaling up ambition.
Climate Investment Funds
Mafalda has led the Climate Investment Funds since 2014. During her tenure, she has overseen hundreds of clean energy and climate resilience investments in 72 countries worldwide. The largest solar park in the world and South America’s first geothermal power plant are among the numerous projects realized under her leadership.
Mafalda has led the Climate Investment Funds since 2014. During her tenure, she has overseen hundreds of clean energy and climate resilience investments in 72 countries worldwide. The largest solar park in the world and South America’s first geothermal power plant are among the numerous projects realized under her leadership. Mafalda is now expanding the remit of the organization into new areas, which includes accelerating out of the coal and industry decarbonization phase. Committed to putting fairness and equality at the heart of climate finance, she has launched the Climate Investment Funds’ Just Transition Initiative to help achieve that aim. Mafalda previously held senior roles at the African Development Bank and the World Bank. A much sought-after speaker on climate finance, she has been quoted in Reuters, BBC World Service, The Economist, and the Financial Times, among many others.
BMZ, Germany
Jürgen Zattler is Deputy Director General for Multilateral and European Policy in the German Ministry for Economic Cooperation and Development (BMZ). Before he was Head of the Division of World Bank and International Monetary Fund on debt related issues, and Deputy Head of Division for trade policy on World Trade Organization.
Jürgen Zattler is Deputy Director General for Multilateral and European Policy in the German Ministry for Economic Cooperation and Development (BMZ). Before he was Head of the Division of World Bank and International Monetary Fund on debt related issues, and Deputy Head of Division for trade policy on World Trade Organization. His prior experience in the public and private sector includes the European Commission in Brussels, where he worked on macroeconomic issues related to developing countries and the Dresdner Bank in Berlin. Mr. Zattler is a development and macroeconomist with more than 30 years of experience in international cooperation. Until the end of 2020 he served as World Bank Group Executive Director representing Germany. Prior he had various positions in the BMZ, the European Commission and a private bank. Jürgen Karl Zattler studied economics and political science. He holds a PhD in economics from the University of Giessen (trade theory and policy).
Ministry of Finance, Indonesia
Presidency of South Africa
Rudi Dicks is the Head of the Project Management Office (PMO) in the Private Office of the President of South Africa. He is responsible for supporting the implementation of the Presidential Employment Stimulus, the Presidential Youth Employment Initiative as well as unblocking regulatory challenges that impact on employment an economic growth.
Rudi Dicks is the Head of the Project Management Office (PMO) in the Private Office of the President of South Africa. He is responsible for supporting the implementation of the Presidential Employment Stimulus, the Presidential Youth Employment Initiative as well as unblocking regulatory challenges that impact on employment an economic growth. He jointly leads Operation Vulindlela which has been established as a joint initiative between the Presidency and National Treasury to accelerate structural reforms. In his previous role, he was an Outcomes Facilitator at the Department of Planning Monitoring and Evaluation, responsible for monitoring the performance of economic and infrastructure outcomes’ and supporting various economic interventions across government. In this role he established the Socio-Economic Impact Assessment System (SEIAS). He also formally served as the Executive Director of the National Labor and Economic Development Institute (NALEDI), the research arm of COSATU from 2008 to 2013. Before 2008, he worked at COSATU and its affiliates, in various capacities since 1994. Rudi has a Post-Graduate Diploma in Economic Principles as well as a Master of Science (MSc) Finance from the University of London. He also completed a Management Advanced Program at WITS Business School.
International Energy Agency
Tim Gould was appointed the Agency’s Chief Energy Economist in 2021. As Chief Energy Economist, he provides strategic advice on energy economics across a wide range of IEA activities and analysis.
Tim Gould was appointed the Agency’s Chief Energy Economist in 2021. As Chief Energy Economist, he provides strategic advice on energy economics across a wide range of IEA activities and analysis. Mr Gould is also Head of the Division for Energy Supply and Investment Outlooks, in which capacity he co-leads the World Energy Outlook, the IEA’s flagship publication, and oversees the Agency’s work on investment and finance, including the World Energy Investment report.
ESMAP, World Bank
Chandra Govindarajalu leads the energy climate finance team which is responsible for mobilizing climate finance for the Energy and Extractives Practice at the World Bank working with global funds and bilateral funds including the Climate Investment Funds (CIF), the Green Climate Fund (GCF) and others He also leads the global energy storage program and the coal transition programs at the Energy Sector Management Assistance Program (ESMAP).
Chandra Govindarajalu leads the energy climate finance team which is responsible for mobilizing climate finance for the Energy and Extractives Practice at the World Bank working with global funds and bilateral funds including the Climate Investment Funds (CIF), the Green Climate Fund (GCF) and others He also leads the global energy storage program and the coal transition programs at the Energy Sector Management Assistance Program (ESMAP). He has over 20 years of experience working at the World Bank and the International Finance Corporation (IFC) on renewable energy, energy storage, energy efficiency and energy access across 15 countries in South Asia, East Asia as well as Middle East and North Africa. Chandra holds a PhD in Energy and Environmental Policy from the Biden School of Public Policy and Administration, University of Delaware, Newark, Delaware.
Black & Veatch
Yatin Premchand has 22 years of experience in consultative business development, commercialization, and scale-up of clean technologies, with a keen understanding of related policy and regulation advisory globally backed by a degree in Environmental Science and Business.
Yatin Premchand has 22 years of experience in consultative business development, commercialization, and scale-up of clean technologies, with a keen understanding of related policy and regulation advisory globally backed by a degree in Environmental Science and Business. He is a strategic specialist in Asia and the Pacific across public and private sectors, including finance, with successive achievements in de-risking investment and project development, technology diligence and transfer.
Climate Investment Funds
Abhishek Bhaskar leads the CIF’s ACT Investment Program, it’s Technical Assistance Facility for clean energy investments along with CIF’s JETP engagement in South Africa.
Abhishek Bhaskar leads the CIF’s ACT Investment Program, it’s Technical Assistance Facility for clean energy investments along with CIF’s JETP engagement in South Africa. With previous jobs at the International Finance Corporation (IFC), the United Nation’s Framework Convention on Climate Change (UNFCCC) and the World Bank, Abhishek has over 15 years of clean energy/ climate finance experience working on blended finance, green bonds, compliance grade carbon assets, climate metrics and regulatory frameworks. He holds Masters’ degrees in Economics and Finance.
Environment and Climate Change Canada
Garth has 17 years of experience in the Federal Government of Canada, most recently serving as Senior Advisor the Deputy Minister of Environment and Climate Change Canada on climate change policy.
Garth has 17 years of experience in the Federal Government of Canada, most recently serving as Senior Advisor the Deputy Minister of Environment and Climate Change Canada on climate change policy. Prior to joining Environment and Climate Change Canada in 2001, he held numerous positions at Global Affairs Canada and Agriculture and Agri-Food Canada where he worked on a wide range of international issues including agriculture subsidies, food security, sustainable development and trade. Garth represented Canada at the World Trade Organization (WTO) from 2012 to 2017, serving as Chairperson of the WTO Committee on Agriculture in 2016-17.