Climate Finance Forum

Climate finance has been a central element of the international climate change agreement from the outset. Climate finance involves flows of funds from developed to developing nations to assist poorer countries to cut their emissions and adapt to climate change.

The Climate Finance Working Group covers the full range of investment needed for the transition to a low-carbon climate resilient economy. Unlocking this finance is a central part of discussions we have with policy makers.

There is a growing volume of research and debate around how to unlock financial flows into low carbon, high resilient projects however many questions and uncertainties remain. A combination of sources of climate finance are needed, including aid-style government pledges, market mechanisms on new sectors or policies that increase financial stability. A large share of income will have to come from the private sector and CMIA is actively engaged to support a clear and stable pathway for investment.

Climate Finance Forum Chair: Stephen Hibbert

Stephen has been Global Head of Energy & Carbon Efficiency at ING since 2006 when he was asked to establish a team to meet the growing demand from ING’s clients for specialist carbon market finance resulting from the UNFCCC’s Kyoto Protocol and the EU Emissions Trading Scheme. Together with its client Cool nrg, ING won Environmental Finance magazine’s 2010 Carbon Transaction of the Year Award for the project loan financing of CUIDEMOS Mexico, CDM’s first registered PoA. In recent years the scope of the business has broadened to cover the provision of advice and debt finance for investments in energy efficiency measures and the wider range of climate finance opportunities under the UN SDG’s and the Paris Agreement.

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