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    Toru Kubo - Mobilizing Investments To Enhance Access To Climate Technologies

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    Asia Clean Energy Forum
    1) The document discusses mechanisms under the UNFCCC to enhance access to climate technologies, including the Technology Executive Committee, Climate Technology Center and Network, and financial mechanisms like the Global Environment Facility and Green Climate Fund. 2) It outlines several of ADB's ongoing projects that support low-carbon technologies in countries across Asia. It also proposes initiatives for ADB to help innovate, transfer, and diffuse climate technologies through venture capital funding, technology marketplaces, and other means. 3) The document proposes a pilot Asia-Pacific Climate Technology Network and Finance Center coordinated by ADB and UNEP to accelerate access to climate mitigation and adaptation technologies through knowledge sharing, enabling private sector innovation, and

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    Toru Kubo - Mobilizing Investments To Enhance Access To Climate Technologies

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    Asia Clean Energy Forum
    583 views18 pages
    1) The document discusses mechanisms under the UNFCCC to enhance access to climate technologies, including the Technology Executive Committee, Climate Technology Center and Network, and financial mechanisms like the Global Environment Facility and Green Climate Fund. 2) It outlines several of ADB's ongoing projects that support low-carbon technologies in countries across Asia. It also proposes initiatives for ADB to help innovate, transfer, and diffuse climate technologies through venture capital funding, technology marketplaces, and other means. 3) The document proposes a pilot Asia-Pacific Climate Technology Network and Finance Center coordinated by ADB and UNEP to accelerate access to climate mitigation and adaptation technologies through knowledge sharing, enabling private sector innovation, and

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    1) The document discusses mechanisms under the UNFCCC to enhance access to climate technologies, including the Technology Executive Committee, Climate Technology Center and Network, and financial mechanisms like the Global Environment Facility and Green Climate Fund. 2) It outlines several of ADB's ongoing projects that support low-carbon technologies in countries across Asia. It also proposes initiatives for ADB to help innovate, transfer, and diffuse climate technologies through venture capital funding, technology marketplaces, and other means. 3) The document proposes a pilot Asia-Pacific Climate Technology Network and Finance Center coordinated by ADB and UNEP to accelerate access to climate mitigation and adaptation technologies through knowledge sharing, enabling private sector innovation, and

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    583 views18 pages

    Toru Kubo - Mobilizing Investments To Enhance Access To Climate Technologies

    Uploaded by

    Asia Clean Energy Forum
    1) The document discusses mechanisms under the UNFCCC to enhance access to climate technologies, including the Technology Executive Committee, Climate Technology Center and Network, and financial mechanisms like the Global Environment Facility and Green Climate Fund. 2) It outlines several of ADB's ongoing projects that support low-carbon technologies in countries across Asia. It also proposes initiatives for ADB to help innovate, transfer, and diffuse climate technologies through venture capital funding, technology marketplaces, and other means. 3) The document proposes a pilot Asia-Pacific Climate Technology Network and Finance Center coordinated by ADB and UNEP to accelerate access to climate mitigation and adaptation technologies through knowledge sharing, enabling private sector innovation, and

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    of 18

    Mobilizing Investments to Enhance Access to Climate Technologies

    Toru Kubo Principal Climate Change Specialist

    Asian Development Bank


    Asia Clean Energy Forum 6 June 2012, Manila

    UNFCCC Bali Building Blocks

    Mitigation

    Adaptation

    Finance

    Technology

    UNFCCCs Technology Mechanism

    Technology Executive Committee (TEC)


    High-level policy body Works with the CTCN and other bodies under and outside the UNFCCC

    Climate Technology Center and Network (CTCN)

    A large network of partners to assist countries on technology needs


    To be operational from early 2013 UNEP ranked first as potential CTCN host

    UNFCCCs Financial Mechanism

    Global Environment Facility (GEF)

    All MDBs are GEF implementing agencies

    Green Climate Fund (GCF)

    Fund instrument adopted in Dec 2011


    Expected to mobilize multiple $billions per year

    Board will likely commence work next month


    Expected to be ready for business in 2014

    MDBs expected to play substantial role, particularly in the early years

    UNFCCC Bali Building Blocks and IFI/MDB Relevance Today


    Mitigation Adaptation

    Finance

    International Finance Community

    Technology

    Ongoing ADB Projects (sample)


    Country Indonesia India Lao, PDR Bangladesh China, PR Thailand Philippines Wind power Small hydropower Waste composting Geothermal space heating Solar PV Energy-saver bulb distribution Project Type Geothermal power

    China, PR
    Mongolia China, PR China, PR

    Landfill gas
    Boiler efficiency improvement Concentrated solar power Urban transport system

    The obvious: economy of scale

    Not so obvious?

    IFIs
    2. But can we help here?

    IFIs
    1. We can finance here

    Technology Innovation Chain

    IFIs

    ADB and Climate-Tech: Innovate, Transfer, Diffuse


    Innovation: Asia Climate Change and Clean Energy (AC3E) Venture Capital Initiative will provide (i) equity (up to $100 Million), and/or (ii) technical advisory, to 5-7 venture capital funds that will invest in nascent companies with climate mitigation and adaptation technology products.

    Transfer:

    Low-Carbon Technology Marketplace will bring together commercial buyers and sellers of low carbon technologies and assist them with executing transactions. Tech-transfer CDM will use carbon credits to lower the cost of energy-efficient and/or renewable energy technology products and make them affordable in developing countries.

    Diffusion: Climate Public-Private Partnership Fund will mobilize private equity investment at scale, in the order of $billions, in partnership with the

    worlds largest pension funds and sovereign wealth funds. Asia Solar Energy Initiative aims to mobilize financing from ADB and partners to install 3GW of solar power generation in the next 3 years.

    VC Initiative: Equity Investment


    Other Investors
    Up to 25%

    VC

    VC

    VC

    VC

    ..

    Target 1

    ..

    ADBs role (1):


    Dedicate up to $100 million to multiple VC funds Leverage its network to invite commercial investors and government agencies to co-invest in VC funds

    VC Initiative: Technical Support

    Request

    Grant Advisory Program


    Advisory

    VC Funds

    Donors

    ADBs role (2):


    Secure funds (own and donors) to provide a pool of technology experts and consultancy firms for VC funds This allows VC funds to expand their focus sectors and sub-sectors, allocate more resources to early stage opportunities, reduce transaction costs, and give a better chance to boost return profile

    Low Carbon Technology Marketplace


    How it works?

    Matchmaking broker for IP, where the brokers proactively identify sellers

    and buyers, and helps them structure a transaction (licensing, JV, or acquisition) Most contracts will likely be tailor made, complex to structure and carry out, and require some component of post-deal support Focus on specific technology sectors, employing brokers that are experts in the sector, capable of evaluating technologies, understanding strategic objectives and suggesting value-adding partnerships

    Potential tech sellers

    Potential tech buyers TT Marketplace network

    Innovation design houses


    or university labs who need others to commercialize their ideas Start-ups looking for capital injection to scale-up MNCs with non-core IP that is unutilized, or wanting to test out new markets

    Local manufacturers
    that want to enter new markets or expand their portfolio Existing LCT manufacturers looking to improve upon their current technology

    Seller

    Deal

    Buyer

    Broker

    Pilot Asia-Pacific Climate Technology Network and Finance Center

    Technology Network (UNEP)

    Technology Finance Center (ADB)

    2
    Technology Centers

    3
    Enabling Policies

    4
    Technology Mainstreaming

    5
    Catalyzing Project & Venture Capital Investments

    6
    Marketplace for LowCarbon Technologies

    Networks

    Network Facilitation and Development

    Enhancing Enabling Environment Capacity Building

    Investment Facilitation

    ADB-UNEP Pilot Asia-Pacific Climate Technology Network and Finance Center

    Objective Accelerate access to climate mitigation and adaptation technologies

    Focus

    Foster knowledge-sharing and collaboration Create enabling environment for private-sector based innovation and diffusion Facilitate mobilization of financial resources Demonstrate how the technology and finance mechanisms could work in tandem to generate a step change in the level of access to climate technologies

    ADB-UNEP Pilot Asia-Pacific Climate Technology Network and Finance Center

    Initial Financing Partners


    Global Environment Facility Government of Denmark Government Finland Government of Japan Government of the Republic of Korea VITO Flemish Institute for Technological Research NV

    For more information:


    Xuedu Lu / Toru Kubo
    [email protected] / [email protected]

    ASIAN DEVELOPMENT BANK

    GCF and Technology


    Linkages (from decision text)

    Funding window and structure (from fund instrument)

    Private sector facility (from fund instrument)

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