The roundtable discussed barriers and opportunities to mobilizing private investment in low-carbon, climate-resilient (LCR) infrastructure, and highlighted the importance of domestic policy frameworks to complement climate finance, the need for country- and sector-specific financial instruments, and political will to advance low-carbon, climate-resilient projects.
25 September 2012: The Organisation for Economic Co-operation and Development (OECD) organized a special roundtable discussion on 25 September 2012, titled “Mobilising Private Investment in Low-Carbon, Climate-Resilient Infrastructure,” which addressed the integration of investment and climate change policies at the domestic level to provide stable policy frameworks for investments in low-carbon, climate-resilient (LCR) infrastructure.
The roundtable brought together government delegates from treasury and environment ministries working on mitigation and adaptation issue in OECD countries, climate negotiators from Annex I and non-Annex I countries attending the Global Forum of the Climate Change Expert Group (CCXG), and experts from international organizations, NGOs and the private sector.
During the first part of the roundtable, participants, who came from over 30 developed and developing countries, heard presentations on barriers and opportunities to mobilizing private investment in LCR infrastructure, with case studies from the UK, Germany and South Africa. The second part of the roundtable focussed on the transport sector, with case presentations on Mexico and India.
Key outcomes from the roundtable included a focus on: the importance of domestic policy frameworks to complement climate finance; the need to tailor financial tools and instruments to specific sectors and country contexts; and the importance of political will and vision to advance low-carbon, climate-resilient projects.
As a follow-up to the roundtable, OECD will further test the Green Investment Policy Framework that was discussed at the roundtable through in-depth country case studies to draw lessons from policy reform experience and advice governments on how to promote good practice to finance the low carbon transition. [OECD Press Release] [IISD RS Sources]