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Strategic Event

From COVID to [Green] Recovery: Launch of CIF COVID-19 Technical Assistance Response Initiative

Dec 15, 2020
08:00 AM - 09:30 AM EST
From COVID to [Green] Recovery: Launch of CIF COVID-19 Technical Assistance Response Initiative
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The ongoing COVID-19 pandemic has caused a widespread demand and supply shock to the economic systems of countries around the world. A deep recession triggered by the coronavirus pandemic is expected to leave lasting impacts through lower investment, erosion of human capital, and fragmentation of global trade.  

In response, countries are working on recovery measures to stabilize their economies in the near-term that can potentially reshape the fabric of our societies for decades to come. Choosing to delay or pour these stimulus resources into existing non-resilient and carbon-intensive businesses will make the transition to a lower-carbon and climate-resilient economy more daunting and costly in the long-run.  

A mounting body of evidence shows that climate action can accelerate the recovery by increasing economic resilience, improving health and creating jobs. Aligning recovery plans with long-term national and global sustainable and transition goals presents a generational opportunity to structurally transform economies and reduce the risks of climate change.  

In order to do this, we must tackle a range of issues across the breadth of the economy to ensure a robust recovery from the economic and social impacts of this unprecedented crisis. Urgent and massive development assistance from the Multilateral Development Banks (MDB) can provide the financial firepower and know-how to help countries recover sustainably. Delivery of large-scale and coordinated MDB financial packages will be instrumental in shoring up emerging economies as private investor appetite continues to weaken in the face of a global economic slowdown, making them an important driver of green recoveries in developing countries.  

The Climate Investment Funds (CIF) has a long and relevant track record of funding activities that offer technical assistance and concessional financing through the MDBs. Since the outbreak of the pandemic, CIF has been working with the MDBs to identify actions that can be taken in the short and medium term to help countries meet the major challenges at hand while simultaneously creating opportunities to build back better.  

Funded by CIF’s donor countries, the CIF COVID-19 Technical Assistance Response Initiative for a Green and Resilient Recovery aims to integrate climate change considerations and actions as part of host countries’ COVID 19 recovery plans, through both mitigation and resilience actions. Through rapid response on the ground in areas like clean energy, resilience and macro-economic support, the program will ensure increased climate-related ambition and action as part of COVID19 recovery plans and increased investment mobilization towards a green and resilient recovery. 

The event will mark the launch of the CIF-TAF’s C19 Green Recovery TA Response Window drawing key stakeholder groups, including donor and recipient countries, MDBs, independent thought leaders, among others. 

 

WATCH THE REPLAY

 

AGENDA

 

Moderator Abhishek Bhaskar, Senior Energy Specialist, CIF
8:05 am Jason Eis, Executive Director, Vivid Economics
8:20 am Claire Bernard, Deputy DG, PIOJ, Jamaica
8:30 am Juan Pablo Bonilla, Manager, Climate change & sustainable development, IADB
8:45 am Ashufta Alam, Deputy Director, Int’nl climate finance, United Kingdom
8:50 am Frank van der Vleuten, Policy Coordinator, Ministry of Foreign Affairs, Netherlands
8:55 am Daniel Menehbi, Program Manager, State Secretariat for Economic Affairs, Switzerland
9:05 am Mafalda Duarte, CEO, Climate Investment Funds
9:15 am Q&A

 

SPEAKERS

 

Ashufta Alam
Deputy Director International Climate Finance: Policy and Investments, UK Department for Business, Energy and Industrial Strategy

Ashufta is the senior civil servant in the UK Department for Business Energy and Industrial Strategy responsible for delivering BEIS’s International Climate Finance investments spanning its partnerships with the multilaterals and the private sector in infrastructure, cities and technology. Prior to joining BEIS, Ashufta was at the UK Department for International Development where she, amongst other things, led work on infrastructure service delivery and financing in a range of sub-Saharan African and South Asian countries. She is a mechanical engineering graduate and a UK chartered environmental professional.

Claire Bernard
Deputy Director General, Sustainable Development and Social Planning Planning Institute of Jamaica

Claire Bernard is Deputy Director General with responsibility for the Sustainable Development and Social Planning Cluster, at the Planning Institute of Jamaica. She is a Development Specialist who, in her years of employment to the PIOJ, has contributed to national development in the areas of education planning, social welfare and poverty reduction, environmental management and climate change. As part of her current portfolio, Ms Bernard oversees the PPCR projects and is the country’s PPCR Focal Point.

Juan Pablo Bonilla
Manager, Climate Change and Sustainable Development Sector, Inter-American Development Bank

Dr. Bonilla has worked on environmental sustainability, climate change and energy for more than 20 years. He led the IDB's Sustainable Energy and Climate Change Initiative, a major strategic step for integrating climate change and sustainability as a priority for the Bank. Before joining the IDB, Dr. Bonilla worked as Senior Specialist at the World Bank, and was a member of the United Nation's CDM Executive Board.

Mafalda Duarte
Head Climate Investment Funds

Mafalda Duarte is CEO of the Climate Investment Funds (CIF), an $8.5 billion multilateral fund supporting climate action in 72 developing countries for over a decade. Since assuming her position in 2014, Mafalda has implemented a pioneering vision centered on blazing new paths in leadership and learning in scaled climate action. Read More

Jason Eis
Executive Director Vivid Economics

Jason manages the company and oversees project work in finance, energy and industry, cities and infrastructure, agriculture and natural resources. He has led pioneering initiatives on the net zero energy transition, on the nexus between energy, land and nature, and on the ‘greening’ of the financial system. His clients include multi-national financial institutions and corporates, international organizations, NGOs and government agencies.

Daniel Menebhi
Program Manager, Federal Department of Economic Affairs, Education and Research EAER State Secretariat for Economic Affairs SECO Infrastructure Financing

Daniel Menebhi is mostly responsible for energy projects, working with Ghana from 2017 and previously working in cohesion, developing and transition countries including Bulgaria, Kosovo, Jordan, Romania and Ukraine. Since 2011, Daniel has been representative of Switzerland in the Climate Investment Funds (CIF) as well as a member of the Sub-Committee for the Scaling-Up Renewable Energy Program (SREP) for low-income countries. In 2017 he was made Chair of the Chamber for Advanced Economy Governments for the Hydropower Sustainability Assessment Protocol, as well as a member of the Protocol Governance Committee.

Frank van der Vleuten
Policy Coordinator, Climate finance and Energy Ministry of Foreign Affairs of the Netherlands

Frank coordinates the Dutch policy in the field of climate finance and energy. He has been trained as energy systems engineer and has been working on renewable energy and climate change for over two decades. He is co-chair of the CIF technical committee for the Scaling-up Renewable Energy Program and is co-chair of the consultative group of the Energy Sector Management Assistance Program of the World Bank.

Abhishek Bhaskar
Senior Energy Specialist CIF

Abhishek Bhaskar is a Senior Energy Specialist at the Climate Investment Funds. He is the Team Lead of CIF Technical Assistance Facility focusing on clean energy investments. 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 an over a decade of clean energy/ climate finance experience working on green bonds, compliance grade carbon assets, climate metrics and regulatory frameworks.

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