Thaven n 20150709_1730_upmc_jussieu_-_amphi_24
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Transcript of Thaven n 20150709_1730_upmc_jussieu_-_amphi_24
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CTI PFAN
Impact Investing
And Climate Adaptation Finance
Thaven Naidoo, Africa Adaptation Coordinator Our Common Future Under Climate Change, July 2015 Paris
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Clean Energy Businesses &
Projects
Investment Sources (Financiers, Banks)
¥€$
Seeking financing Seeking projects / businesses
The Missing Middle: Lack of Access to Financing
Policy Dialogue (barriers and
solutions)
Training Financial Institutions
Coaching & mentoring
Government (policies)
“PUSH”
“PUSH”
“PUSH”
CTI PFAN Rationale
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Methodology
Coaching
1. Bankable
Business Plan
2. Investor PPT
3. Project Data
Sheet
Financial Close
Implementation
Long Term Development
Open Time Cycle
Introduction
to
Investors
6 – 9 months
Closed Time Cycle
Showcasing
at
Investor
Forum
IRA
Selection
Pipeline
Induction
Unsolicited
Project Proposal
Any Time / Any Source
RFP
Project Proposal
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CTI PFAN Global Presence
A Multilateral Public-Private Partnership under the International
Energy Agency‘s Climate Technology Initiative (CTI)
Funded by United States, Canada, Japan, REEEP & the CTI
(Austria, Canada, Germany, Japan, Korea, Norway, Sweden, US)
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Background
Based on CTI PFAN’s successful methodology of raising private sector finance for mitigation: +$540 million raised to date
2011 – Pilot project funded by USAID Focused on Sub-Saharan Africa
2014 – Scaling up funded by IDRC, Canada 3 year program, Includes a research component
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Some research findings
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..research findings…
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Sectors
Ecosystem services, Biodiversity and Forestry Agriculture Coastal Zones
Urban Development Health
Energy & Access to Energy Water
Microfinance/Insurance Tourism
Adaptation products and services ICT
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What have we learnt?
• What is adaptation?
• Will the investor care: adaptation/mitigation/CC?
• The predominance of mitigation & RE financing
• “Additionality” and adaptation – or just good development
• How do we measure adaptation?
• A new market has to be created for “adaptation” projects
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Spectrum of Capital
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The Challenge
Impact Investing
Metrics –
Finance Focus
Adaptation/Resilience Metrics –
Social/Environmental Focus
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The Challenge
1. What are the relevant Impact Investing metrics
that apply to individual projects?
2. What are the project metrics that relate to Impact
Investor concerns?
3. A framework for adaptation project metrics.
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Other Challenges
• Lack of developer capacity
• Lack of understanding of how to phrase the “ask” in terms
which are meaningful to investors
• Lack of understanding as to the types of money and how
they work
• Lack of early stage development support
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IDRC Work-stream Components
• Project Identification & Development
• Financing Facilitation
• Investor Forum
• Network Establishment
• Investor database
• Research element
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Conclusion •
• Based on existing CTI PFAN process
• Vision of our supporters made this possible
• Pilot is being scaled up
• Challenges abound
• Success factors: Projects
Sectors
Funding
Process suited to adaptation
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Thank you
www.cti-pfan.net thaven.naidoo @ppl-int.com