On November 5th, Jeannette Gurung and Nisha Onta, participated the Private Sector Forum at the Climate Investment Fund (CIF), partnership forum in Istanbul, Turkey. The Forum was organized in partnership with Bloomberg New Energy Finance (NEF). The Forum, which met for the first time, is expected to contribute to the CIF 2012 Partnership Forum, which meets on 6-7 November. Investors, policymakers, project developers and civil society and NGO representatives attended the Forum.
The key note speaker Michael Liebreich, Chief Executive, Bloomberg NEF, highlighted that global new investment in clean energy has increased from 2004 to 2011, and stressed the sector is striving for trillions of dollars in investments. He emphasized that the sector has a positive future, noting that costs of clean energy technologies are continuously decreasing and that ‘Renewable if not alternative anymore’. He also presented a very poignant table on how public and private sector have different views on what success is, what concerns they have, what is the focus and style.
The other discussions were on:
• Private sector adaptation: The Carbon Disclosure Project highlights its most recent research on business attitudes to climate risk and adaptation.
• Creating and enabling environment for Business Action on Adaptation
• Showcasing the Climate Investment Funds
• State of Play: Statistical Abstract by Bloomberg New Energy Finance
• Matching Expectations:What issues face developers, financiers and regulators in climate-related projects? Are there disconnects in perceptions or reality or are all parties working together for successful implementation?
• Innovating funding: Presentation of new sources and funding vehicles used by the private and public sectors to overcome market barriers in commercially viable ways, while keeping the promise of reasonable returns and balancing risk sharing for investors and lenders.