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News : FINANCE FORUM EXPLORES FUTURE OF GREEN GROWTH

1 September 2010

The first dialogue in a series focused on climate change is being sponsored by the Governments of Mexico and Switzerland.  The World Business Council on Sustainable Development and the International Chamber of Commerce are hosting the series, and the first session, held on September 1-2 in Geneva, focuses on the role of the private sector in a future climate regime.  The first session of the Mexican Dialogues is being facilitated by Climate Focus Director Charlotte Streck, and is held at the Intercontinental Hotel in Geneva.

The first session in a series of Mexican dialogues, sponsored by the governments of Mexico and Switzerland, will focus on climate change finance. The World Business Council on Sustainable Development and the International Chamber of Commerce are hosting the series.  The first session being held on September 1-2 in Geneva, focuses on the role of the private sector in a future climate regime.

The dialogue will explore issues relating to the role of the UNFCCC in mobilizing private sector finance, which will be a critical component to the delivery of climate change solutions. It is important that any future institutional architecture is set up so as to facilitate the adoption of policies and rules that will stimulate low-carbon technology deployment in developing countries. Issues that need to be addressed in the context of a system of international climate finance include the relative roles of the various mechanisms (public finance versus carbon markets), risk mitigation and the role of the UNFCCC, the advantages of internationally versus nationally administered finance from the private sector perspective, the role of the GEF, World Bank and other financial mechanisms and implementing agencies, etc.

The first session of the Mexican Dialogues facilitated by Climate Focus Director Charlotte Streck, focuses on three areas:
1. The role of the public sector in leveraging private finance.

2. Managing climate change investment risks.

3. Institutional finance architecture.

Download Dialogue Session documents here:

Finacing Green Growth; Mexican Dialogues - agenda

Finacing Green Growth; Mexican Dialogues - background document

Summary of Outcomes of the Mexican Dialogue of Sept 1, 2010