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BUILDINGBLOCKS: CHOOSING THE RIGHT PATH TO RECOVERY: INDUSTRIAL DECARBONIZATION

BUILDINGBLOCKS: CHOOSING THE RIGHT PATH TO RECOVERY: INDUSTRIAL DECARBONIZATION
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In less than a decade, industries, including iron and steel, cement, petrochemicals and transport, could become the single biggest source of GHGs. There is a significant risk of the current COVID-19 response stimuli accelerating this surge and echoing that of the post-2008-2009 financial crisis which helped fuel the subsequent rise of emissions, driven especially by rapid growth in large emerging economies. There is another recovery pathway that could help accelerate the transition to a green economy.

A smart recovery to the COVID-19 crisis, driven right financial incentives, can help nudge these energy intensive industries to invest and build back in ways that better position their business models and workers to tackle future crises, including those caused by climate change. Concessional finance could help catalyze deep behavioral change toward greater manufacturing efficiency, maximize use of locally available resources, and optimize use of the materials by heavy industries.

  • What does long-term ambition look like?
  • What are the 3-5 countries and areas that can have major impact on delivering the ambition?
  • What are the key upstream gaps prohibiting countries in delivering on national/ regional goals?
  • What could be the potential impact (jobs, innovation, investment) on the sector once these gaps have been addressed?

 

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PRESENTATIONS

See the slides from the webinar.

 

SPEAKERS

 

Sabin Basnyat
Senior Energy Efficiency Specialist GCF

Sabin Basnyat is the Senior Energy Efficiency Specialist and Sector Lead for Energy Efficiency and Low Emission Transport at the Green Climate Fund. Mr. Basnyat has over 22 years of experience in energy efficiency from energy auditing to financing to policy and regulations; working across multiple regions across the globe as well as with multiple development organizations like International Finance Corporation, UN Environment and GCF. As an auditor, he has conducted and supervise many energy audits across multiple industries from cement, pulp and paper, textile, chemical, to buildings, he has worked not only to identify the best EE solutions but also to set up financial mechanism like, partial risk guarantees, energy saving insurance, credit lines, vendor payment systems etc. to get these industrial efficiency measures implemented and upscaled.

Paul Durrant
Head of End-use Sectors & Bioenergy IRENA

Paul joined IRENA’s Innovation & Technology Centre in Germany in 2018 after 20 years working for the UK government shaping UK and international innovation policies and programmes. In IRENA he initially led on innovation strategy and engagement with the aim of fostering deeper international partnership working to accelerate the adoption of the renewable energy technologies. Since May 2020 Paul leads IRENA’s End-use Sectors & Bioenergy team which supports IRENA’s member countries and the wider community in making maximum use of renewables in the industry & transport sectors and in maximizing the sustainable use of biomass in national energy transitions.

Dimitrios Koufos
Associate Director EBRD

Dimitrios Koufos has 20+ years of practical experience in areas such as Production Technology & Process Optimization, Production Management Systems, and Energy & Environmental Technology in companies like Shell and Motor Oil Hellas. Currently he is the Lead Direct Finance/Associate Director within the Energy Efficiency & Climate Change team of the EBRD, where he is responsible for the energy efficiency & climate change transactions for the entire life cycle, business development & strategy, new technologies, and project monitoring and implementation. With practical field experience in variety of production processes and systems, he has evaluated technologies and the respective business cases studies around the world.

Ajay Mathur
Director General The Energy and Resources Institute (TERI), India

Ajay Mathur is the Director General of The Energy and Resources Institute (TERI), New Delhi, and a member of the Indian Prime Minister’s Council on Climate Change. At TERI, Mr. Mathur has spearheaded the move to accelerate action towards a low-carbon and cleaner economy through the adoption of renewable energy in the Indian electricity sector, enhancing efficiency in buildings and industry, and promoting environmental quality through recycling of material wastes and biotechnology-based solutions. As a leading climate change negotiator, he earlier headed the Indian Bureau of Energy Efficiency and was the Indian spokesperson at the Paris climate negotiations. He also served as the interim Director of the Green Climate Fund during its foundational period.

Daniel F. Morris
Program Coordinator Climate Investment Funds

Daniel F. Morris has spent the past twelve years working to build economic and policy solutions powerful enough to adequately address the climate crisis. He is currently the Program Coordinator for the Clean Technology Fund (CTF) and the Scaling-Up Renewable Energy Program for Low-Income Countries (SREP). In this role, he works with CIF partners to support innovative clean energy operations that can lead to transformational change in energy systems of developing countries. He has previously served as an Advisor to the U.S Executive Director of the World Bank and a Policy Analyst in the U.S. Treasury, where helped execute the agency’s responsibilities in the domestic and international climate and energy agenda of the United States.

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