Side-Event - Sommet pour un nouveau pacte financier mondial

Side-event organised by Climate Policy Initiative (CPI), IDDRI, Institute for Climate Economics (I4CE), NewClimate Institute, World Resources Institute (WRI) 

In 2022, a global consensus was reached on the need to reform the global financial architecture, considered no longer “fit for purpose”. While most discussions focus on how to reform development finance institutions (DFIs), too little attention is paid to the concrete needs of developing countries and what the transition to low-carbon and resilient economies means for them. 

Objective of the side-event
This side-event seeks to bring in the debate country representatives and DFIs to exchange on how they are advancing on the climate and development agenda, what are their specific objectives related to the transition to low-carbon resilient economies and how to define impact? 

Session will be livestreamed on the event platform during the Summit and a replay will be available after the Summit.

Programme :

  • Welcome remarks by Benoît Leguet, managing Director, I4CE 
  • Keynote speech: Morgan Despres, executive director, European Climate Foundation
  • Moderator: Bella Tonkonogy, director, CPI 
  • Part 1: What does the transition to low-carbon and resilient economy imply in different countries? 

    • Chantal Naidoo, founder and executive director of Rabia Transitions (perspective from South Africa)

    • Dr Arunabla Ghosh, climate expert & CEO of CEEW (perspectives from India)

    • Noor Syaifudin, fiscal policy department, Ministry of finance, Indonesia

  • Part 2: How to define and maximize “impact” and support to countries in their transition? What changes are needed in the role played by MDBs and NDBs to maximize impact in the real economy?  

    • Stéphane Hallegatte, senior Climate Change Adviser, the World Bank

    • Dr Al-Hamdou Dorsouma, director climate change and green growth African development Bank

    • Catherine Koffman, Group Executive, Development Bank of Southern Africa (DBSA)

    • Valerie Laxton, senior associate, Development Finance Institutions, Finance Center, WRI

  • Discussion: How would these changes support the transition in countries? What are the key success factors that you identify?

    • Reactions from panelists and exchange with the audience

    • Discussant: Natalie Mangondo, YOUNGO (perspectives from Zimbabwe). 

  • Concluding remarks by Aki Kachi, NewClimate Institute