Understanding Climate Finance opportunities for Namibia Course on Climate Change for Parliamentarians 24 June 2021 Louise Brown, Director, Triple Capital Contents • Why do we need climate finance? • What is climate finance? • Sources of climate finance • Global investments needed • Global landscape of climate finance • Namibia’s climate investment needs • Namibia’s climate finance landscape • How. [...] GCF, GEF, AF • philanthropies, CSR • Multilateral development banks and UN agencies • Financial institutions: raise and • Bilateral donor agencies e.g GIZ, invest funding on capital markets, AFD consider climate risk • South-south cooperation e.g. [...] • banks, insurance companies, China, Korea, India pension funds, asset managers • Domestic funding • Companies: produce goods and • National budget services • Taxes and levies • corporations, SMEs, SOEs • National development • Households banks/funds • Carbon markets Global investment needed to keep warming within Paris Agreement goal of 1.5°C (USD) Source: Climate Policy Initiative Destination re. [...] • Mainstream climate into national, sectoral and subnational planning and budgeting and introduce climate budget tagging • Environmental levies and taxes: e.g. [...] Agribank, DBN, EIF) play a key role in providing concessional funding, bringing in international donors, and incentivising commercial banks to engage in green sectors How can Namibia scale up private climate finance? • Private climate finance: enormous scope to scale up • Introduce requirements for climate risk disclosure for financial institutions • Instruments or funds to de-risk climate change.
- Pages
- 16
- Published in
- Namibia
