Please download the agenda here: Agenda in English or in Spanish

 

Program Overview (PDF)

 


 

Tuesday, September 27

Wednesday, September 28

Thursday, September 29

8:30

Registration & Visit the Exhibition

8:30

Registration & Visit the Exhibition

 8:30

Registration & Visit the Exhibition

Plenary

Much ado about NAMAs? Seizing international support for national mitigation action

 

Plenary

Investment climate for climate investments: mobilizing private resources through public commitments

9:15

Opening Ceremony

9:00

9:00

 

 

10:00

Plenary

Design of the post-2012 climate regime: placing the right incentives for climate-smart development in Latin America

10:15

Coffee Break & Visit the Exhibition

10:15

Coffee Break & Visit the Exhibition

10:45

Integrating carbon revenues into Renewable Energy project financing: Success stories

Low Emissions Development Strategies: from concerted vision to transformative action

10:45

CDM Standardized Baselines: latest policy developments and opportunities for application in LAC

REDD+ as a catalyst to achieve economic and environmental benefits

 

11:15

Coffee Break & Visit the Exhibition

11:45

Plenary

Taking stock: State and Trends of the Carbon Market 2011

11:45

Short Break

11:45

Short Break

12:00

Potentials and Barriers for Energy Efficiency under the Programmatic CDM

Learning-by-doing NAMAs: how countries are tackling design and finance of pilot initiatives

12:00

Agriculture, Forestry and Land Use Change in carbon markets – an attractive sector for investments?

What role for national development banks in leveraging international climate finance?

13:00

Lunch Break & Visit the Exhibition

13:00

Lunch Break & Visit the Exhibition

13:00

Lunch Break & Visit the Exhibition

14:00

Plenary

CDM in Latin America: so far, so good?

14:00

Financing sustainable, low carbon transport: time to shift gears?

Programme of Activities under the CDM: Progress made and challenges ahead

14:00

Voluntary carbon market: a regional update on standards, programs and markets

Latin American Stock Exchanges: Blazing the Trail for New Green Financial Products

15:00

Short Break

15:00

Coffee Break

15:15

Coffee Break & Visit the Exhibition

15:15

Scaling up mitigation actions in cities

Global challenge, local action: sub-national, national and regional carbon trading schemes

15:30

Closing Plenary

with UNFCCC Executive Secretary Christiana Figueres

 

15:45

Plenary

Carbon trading beyond 2012: new approaches and emerging market instruments

16:15

Coffee Break & Visit the Exhibition

 

16:45

Closing

 

16:45

Plenary

¿Qué pasa, USA? Prospects for offsets and trading across the Americas

 

 

17:00

Visit  the Exhibition

 

 

 

 

 

 

 

 

17:30

Social Event (to be confirmed)

 

                   

 

 


 

Program:

Day 1:

* Speaker to be confirmed

Day 1

Tuesday, September 27, 2011

08:30 –09:00

Registration & Visit the Exhibition      

09:15 – 09:45

Opening Ceremony:    Welcome by Host Country and LAC Carbon Forum Partners

·    H.E. Alfio Piva, Vice President, Republic of Costa Rica

·    Mr. Victorio Oxilia, Executive Secretary, Latin American Energy Organization (OLADE)

·    Mr. John Christensen, Head, UNEP Risoe Centre

·    Mr. Henry Derwent, President & CEO, International Emissions Trading Association (IETA)

·    Mr. Fernando Quevedo, Representative in Costa Rica, Inter-American Development Bank (IADB)

·    Mr. John Kilani, Director, Sustainable Development Mechanisms, UN Framework Convention on Climate Change (UNFCCC)

·    Mr. Gregor V. Wolf, Sector Leader, Sustainable Development, Latin America & the Caribbean, World Bank

 

09:45 – 10:00

 

10:00 – 11:15

Plenary 01: Design of the post-2012 climate regime: placing the right incentives for climate-smart development in Latin America

While international negotiations around the post-2012 climate regime evolve, countries across the Latin America and the Caribbean region are making steady progress in mainstreaming climate change considerations into their development priorities. Ambitious mitigation actions and critical adaptation measures are often on top of national development agendas, but implementation efforts will be meaningless unless there is a path to grow their economies using low-carbon technologies. What are the best incentives to mobilize the finance and to stimulate the technology deployment that will be needed for green growth? And how can the multilateral climate regime effectively provide with such incentives?

Moderator:   Mr. Victorio Oxilia, Executive Secretary, Latin American Energy Organization (OLADE)

Panelists:

·    H.E. René Castro, Minister of the Environment, Energy and Telecommunications, Republic of Costa Rica

·    Mr. Andrei Marcu, Chair, IETA CDM Working Group; Sr Vice-President and Head of Policy and Regulatory Affairs, Mercuria Energy Group

·    Mr. Hernán Carlino, Former CDM EB Member; Climate Studies Centre, Instituto Torcuato Di Tella, Argentina

 

11:15 – 11:45

Coffee Break & Visit the Exhibition

11:45 – 13:00

Plenary 02: Taking stock: State and Trends of the Carbon Market 2011

While transactions held up in 2010, the political and regulatory aspects of the carbon market were relentlessly in the spotlight. Positive news includes the outcomes in Cancun and the increasing traction gained by new low-carbon initiatives at national and domestic levels, such as in Brazil, California, China, India and Republic of Korea. But the impacts were partially offset by regulatory disruptions in the EU-ETS market and bearish news at the federal level in the United States, Japan, and – maybe - Australia. This session will discuss the market impacts of this year’s major events and survey the path towards the recovery of market confidence.

Moderator:   Mr. Henry Derwent, President & CEO, IETA

Panelists:

·    Mr. Alex Kossoy, Senior Financial Specialist, Carbon Finance Unit, World Bank

·    Mr. Nelson Sam, Global Managing Director, Advisory Services, Point Carbon Thomson Reuters

·    Mr. Marco Monroy, President & CEO, MGM Innova

13:00 – 14:00

Lunch Break & Visit to the Exhibition

14:00 – 15:15

Plenary 03: CDM in Latin America: so far, so good?

Latin America was an early and proactive player in the carbon finance business from its start, playing already a major role in the CDM’s precursor, the Activities Implemented Jointly (AIJ) pilot program. When the CDM became operational in 2003, project activities across the region served as a lab for CDM methodology development, project design and carbon purchase arrangements. Since then, the region’s share of total projects and contracted emissions reductions has been declining. This plenary session will depict remarkable features of CDM project implementation and CER trading in Latin America during the last decade, while inciting a discussion on how the region may regain a leadership role as the carbon market moves to new dimensions.

Moderator:   Ms. Miriam Hinostroza, Head of Programme, Energy and Carbon Finance, UNEP Risoe Centre

Panelists:

·    Ms. Mary Gómez, Head, Latin American Carbon Program, CAF

·    Mr. William Alpízar, Director, Climate Change, Ministry of the Environment, Energy and Telecommunications (MINAET), Costa Rica

·    Mr. Edwin Aalders, Assessor, Det Norske Veritas (DNV)

·    Ms. Paola Del Rio, Country Manager for Mexico and Central America, First Climate Group

        

15:15 – 15:45

Coffee break

15:45– 17:00

Plenary 04: Carbon trading beyond 2012: new approaches and emerging market instruments

GHG emissions markets have proven to be both efficient and effective at reducing emissions and achieving other environmental benefits. Several Latin American and other developing countries have made plans to pilot and test the use of domestic market-based instruments to achieve national low-carbon development objectives and foster clean technologies investments. In the absence of clear signals about international carbon demand in the mid-term, what considerations motivate countries to assess these kind of instruments? This session will look at the emergence of new market instruments and will discuss how they may serve as building blocks for future carbon markets.

Moderator:   Ms. Martina Bosi, Senior Carbon Finance Specialist, Carbon Finance Unit, World Bank

Panelists:

·    Mr. Juan Mata, Director, Climate Change Policy, SEMARNAT, Mexico

·    Mr. John Kilani, Director, Sustainable Development Mechanisms, UNFCCC

·    Mr. Derik Broekhoff, Vice President, Policy, Climate Action Reserve

·    Mr. Jorge Barrigh, Senior Managing Partner & Founder, SENGEN, Panama

17:00 – 17:30

Visit the Exhibition

170:30-18:00

Social Event (to be confirmed)

 

Day 2:

* Speaker to be confirmed

Day 2

Wednesday, September 28, 2011

08:30 – 09:00

Registration & Visit the Exhibition      

9:00 – 10:15

Plenary 05: Much ado about NAMAs? Seizing international support for national mitigation action

There is a reassuring level of agreement among international policy-makers and negotiators that developed countries would support Nationally Appropriate Mitigation Actions (NAMAs) in developing countries by finance, technology and capacity building. The UNFCCC Cancún agreements established a concrete foundation for NAMAs. However, many issues, including those on operational framework and financing modalities, still need to be resolved. What is needed to move forward? Panelists will address this core question, based on emerging insights gained from pioneer work in development of NAMA proposals and ongoing efforts to match them with international climate finance.

Moderator:   Ms. Maria Netto, Lead Specialist, Climate Change, IADB

Panelists:

·    Mr. William Agyemang-Bonsu, Manager, Technical Support for Developing Countries Subprogramme, UNFCCC

·    Mr. Jorge Wolpert, Deputy Director General, National Housing Commission (CONAVI), Mexico

·    Mr. Rodrigo Rodríguez, Leader, Environment Department, Administración de Infraestructuras  Ferroviarias (ADIF S.E.), Argentina

·    Ms. Talia Postigo, Program Officer, Libelula, Peru

10:15 – 10:45

Coffee break & Visit the Exhibition

 

Stream 01:

Carbon Market - CDM by Sectors & Technologies

Stream 02:

Low Carbon Development - Policies, Instruments, Finance

10:45 – 11:45

Integrating carbon revenues into Renewable Energy project financing: Success stories

Compared to other sectors, project developers in Latin America have achieved significant successes in using the CDM as an instrument to catalyze private sector participation and clean energy investments. This session will present experiences and lessons learned in developing and implementing CDM renewable energy projects. It will also suggest approaches to scale up the use of carbon finance incentives to support a more ambitious development of renewable energies in the region. 

Moderator:

·    Mr. Néstor Luna, Technical Director, OLADE

Speakers:

·    Mr. Lorenzo Eguren, Representative for Andean Region and Central America, ENDESA Carbono (*)

·    Mr. Luis Salgado Director, Latin America, Ecoressources

·    Mr. Christian Giles, Anaconda Carbon, Netherlands

·    Mr. Héctor Herrera, Sr Technical Specialist, Unidad de Planeación Minero Energética (UPME), Colombia

Low Emissions Development Strategies: from concerted vision to transformative action

Responding to the call for a 2 degrees stabilization target requires urgent steps to restructure economies towards low emissions development pathways. The marginal cost of this transition and the trade-offs with growth are being assessed in many Latin American countries. This session will discuss opportunities beyond the mere elaboration of such low emissions development strategies. It will highlight their role as a framework for policy, planning, and decision-making that can help harness climate finance and implementation support, foster dialogue and coalitions around sustainable development goals, and build local capacity and know-how to increase competitiveness for green growth.

Moderator:

·    Mr.    Kai-Uwe   Schmidt, Team Leader, Carbon Finance Assist, World Bank

Speakers:

·    Ms. Sandra López, Climate Change Mitigation Office, Ministry of Environment, Housing, and Territorial Development, Colombia

·    Mr. Francisco Sancho, Senior Consultant, INCAE Business School, Costa Rica

·    Ms. Alexia Kelly, Office of Global Change, U.S. Department of State

·    Mr. Mateo Salomon, Climate Change Program Officer, UNDP Panamá

11:45 – 12:00

Short break

12:00 – 13:00

Potentials and Barriers for Energy Efficiency under the Programmatic CDM

Despite its vast potential for low-cost GHG emissions reductions and significant co-benefits, energy efficiency initiatives have been underrepresented in the project-based CDM. Is the programmatic CDM modality an effective response to regulatory and operational constraints? Based on first experiences with the design and implementation of CDM energy efficiency programs (POAs), panelists will discuss key success factors and persisting challenges for incorporating carbon certification into energy efficiency schemes.

Moderator

·    Mr. Oscar Coto,              Director,               Energía, Medio Ambiente y Desarrollo (EMA)

Speakers:

·    Ms. Margarita Cabrera, Global Business Development Manager, MGM Innova, Colombia

·    Mr. Pol Raguénès, Manager, Microsol, Peru

·    Ms. Karla Canavan, Head, Latin America Carbon Group, Bunge Emissions Group

·    Mr. Fernando  Miranda, Business Development Manager, Ecoressources

 

 

Learning-by-doing NAMAs: how countries are tackling design and finance of pilot initiatives

While negotiations within UNFCCC continue on operational modalities for an international framework that would support implementation of NAMAs, several developing countries have already taking proactive steps towards the design and piloting of national mitigation programs. What aspects and criteria are essential in order to mobilize domestic policy support? And how best leverage bilateral financial contributions for NAMA implementation? Panelists will share insights gained so far from the current process of ‘learning-by-doing’ NAMAs.

Moderator

·    Mr. Marcos Castro, Climate Change Specialist, World Bank      Institute

Speakers:

·    Ms. Lorena Falconi, Director, Climate Change Mitigation, Ministry for the Environment, Ecuador

·    Ms. Alexa Kleysteuber, International Climate Policy, Climate Change Unit, Ministry of the Environment, Chile

·    Mr. Ash Sharma, Head, Carbon Finance and Funds Unit, Nordic Environment Finance Corporation (NEFCO)

·    Mr. Anmol Vanamali, Director, Center for Clean Air Policy (CCAP)

13:00 – 14:00

Lunch Break & Visit the Exhibition

 

14:00 – 15:00

Financing sustainable, low carbon transport: time to shift gears?

The transport sector has faced strong obstacles accessing international carbon finance resources. As the discussion on nationally appropriate mitigation actions evolves, authorities and practitioners in the transport sector are being drawn to this emerging mechanism. What are we doing -and what should we do- to position this sector to attract and secure international resources for a transition to sustainable, low-carbon transport alternatives?

Moderator

·    Mr. Holger Dalkmann, Director, WRI-EMBARQ

Speakers:

·    Mr. Luis Alejandro Mejía, Manager, Eco-business, Grupo Financiero de Occidente, Guatemala

·    Mr. Harald Díaz-Bone, Transport and Climate Change Specialist, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)

·    Mr. Carlos Paredes, Manager, Corporación Financiera de Desarrollo (COFIDE), Peru

Programme of Activities under the CDM: Progress made and challenges ahead

The session will introduce the latest policy decisions from the CDM Executive Board and the proposed improvements for the regulatory framework as identified by the UNFCCC secretariat.  Opportunities and further challenges for scaling up PoA in LAC will be discussed.

Moderator

·    Mr. Juan Pablo Castro, Senior Advisor Carbon Markets, Climate Focus, Netherlands

Speakers:

·    Mr. Miguel Naranjo, Programme Officer, Sustainable Development Mechanisms, UNFCCC

·    Ms. Gloria Godínez, Deputy Unit Manager, Climate Change & Environmental Services, Det Norske Veritas (DNV), Mexico   

·    Ms. Karina López, Regional Coordinator in Latin America, Orbeo

·    Mr. Nicolas Correnti, Senior Project Manager, KfW Carbon Fund, KfW Bankengruppe

15:00-15:15

Short Break

15:15 – 16:15

Scaling up mitigation actions in cities

Cities are a major source of carbon emissions. But they are also commercial and technological hubs that can drive a low carbon economy. This session will showcase innovative approaches and best practices of cities in scaling up mitigation actions and transitioning to low carbon cities. It will in particular address the issue of financing city-level mitigation action, including prospects for an enhanced use of emissions reductions incentives and carbon revenues.

Moderator

·    Mr. Mauricio Zaballa, Scientist, UNEP Risoe Centre

Speakers:

·    Mr. Rodolfo Tarraubella, Advisor, Climate Change and Carbon Finance; Environmental Protection Agency, Ciudad Autónoma de Buenos Aires

·    Mr. Alberto Carrillo, Managing Partner, Carbonding Climate Community

·    Mr. Oliver Schütte, Founder, A 01 - A company, Costa Rica

Global challenge, local action: sub-national, national and regional carbon trading schemes

As uncertainty remains on the future shape of international carbon market instruments, several countries are taking a closer look at domestic GHG permit trading schemes and carbon offset exchanges. What is needed to make such domestic instruments operational? How would they link, if at all, to future international markets? Panelists will explore some emerging initiatives in Latin America and discuss the prospects for domestic and regional carbon markets.

Moderator:

·     Mr. Chandra Sinha, Lead Financial Specialist, World Bank

Speakers:

·    Mr. Jaime Bravo, Director, Environment and Renewable Energies, Ministry of Energy, Chile

·    Mr. Aloisio de Melo, General Coordinator for Environment and Climate Change, Secretariat of Economic Policy, Ministry of Finance, Brazil

·    Mr. Alvaro Umaña, Former Minister of the Environment, Costa Rica

·    Mr. Roberto Gómez-Charry, Deputy Director, Local and Institutional Development, Fundación  Natura, Colombia

16:30 – 17: 30

Coffee Break & Visit the Exhibition

17:30 – 18:15

Plenary 06: ¿Qué pasa, USA? Prospects for offsets and trading across the Americas

Emerging low-carbon policies, legislation and corporate action in the US and Canada will have major implications for Latin America: new opportunities will emerge across the region as businesses in the north develop new ways of operating in a carbon-constrained economy.  Climate and policy experts will discuss the complex picture of state, regional, and federal climate policies in existence and under development across North America.

Moderator:   Mr. Henry Derwent, President & CEO, IETA

Panelists:

·    Ms. Alexia Kelly, Office of Global Change, U.S. Department of State

·    Mr. David Antonioli, Chief Executive Officer, Verified Carbon Standard (VCS)

·    Mr. Derik Broekhoff, Vice President, Policy, Climate Action Reserve

·     Mr. Kevin Leahy, Managing Director, Energy and Environmental Policy, Duke Energy (*)

·     Mr. Craig Silvertooth, Executive Director, Center for Environmental Innovation in Roofing

 

 

 

 

Workshops organized by forum partners and supporting organizations 

10:45 – 11:45

W1:  REDD+ financing; UNEP Risoe Centre

12:00 – 13:00

W2: CDM Methodologies and Tools; UNFCCC  and UNEP Risoe Centre

14:00 – 15:00

W3: Afforestation and Reforestation CDM: Opportunities and Challenges; World Bank

15:15 – 16:15

W4: Taking stock: Finanzas Carbono Portal; IADB and WBI

 

Day 3:

* Speakers to be confirmed

Day 3

Thursday, September 29, 2011

08:30 – 9:00

Registration & Visit the Exhibition      

9:00 – 10:15

Plenary 7:  Investment climate for climate investments: mobilizing private resources through public commitments

The costs of creating a low-carbon global economy are high. The international mobilization of US$100 billion annually by 2020 for climate action in developing countries, an important political milestone within the UNFCCC negotiations, will require an unprecedented amount of political leadership, public-private collaboration and financial innovation. Even if public finance is delivered at scale, private investment will continue to have a crucial role to play in shaping the configuration of future energy supplies. This session will focus on how public policies and finance can remove the barriers to private sector investment and thereby leverage significant amounts of private capital for climate change mitigation and adaptation.

Moderator:

·    Mr. Jan Kappen, Latin America Regional Coordinator, Climate Change, UNEP

Panelists:

·     Mr. Claudio Forner, Global Support Program Coordinator, Climate Investment Funds (CIF) Administrative Unit

·    Mr. Daniel Magallon, Managing Director, Basel Agency for Sustainable Energy (BASE)

·    Mr. John Paul Moscarella, Senior Managing Director, Emerging Energy & Environment

·    Mr. Jose Antonio Urteaga, Former Chair and Board Member, ATPAE

10:15 – 10:45

Coffee Break & Visit the Exhibition

 

Stream 01:

Carbon Market - CDM by Sectors & Technologies

Stream 02:

Low Carbon Development - Policies, Instruments, Finance

10:45 – 11:45

CDM Standardized Baselines: policy developments and opportunities for application in LAC

Standardized Baselines aim to reduce transaction costs; to increase predictability, objectivity and transparency in the decision-making process; and to enhance access to the CDM in selected sectors. This session will present the recently adopted “Guidelines for the establishment of sector specific standardized baselines” (EB62, July 2011), which will be followed by an analysis of possible areas of application in the LAC region, with the corresponding challenges and opportunities.

Moderator:

·    Mr. Klaus Oppermann, Team Lead, Policy & Methodologies Team, Carbon Finance, World Bank

Speakers:

·    Ms. Veronica Colerio, Programme Officer, UNFCCC

·    Mr. Paulo Manso, Member, CDM Executive Board, Costa Rica

·    Mr. Matthias Krey, CEO, Perspectives, Germany

·    Mr. Christian Dannecker, Director of Forestry and Ecosystem Services, South Pole Carbon Asset Management

 

REDD+ as a catalyst to achieve economic and environmental benefits

The session will address the main opportunities and challenges on how to turn the potential in forest carbon finance into a reality of REDD+ initiatives at national and subnational levels. The participants will identify major gaps in policy and institutional conditions that constrain the implementation of REDD+ initiatives on the ground, and how do central-local government relations affect the design and implementation of REDD+. The session will also discuss the mechanisms in place for identifying and valuating the co-benefits of REDD+, and how can the challenges associated to REDD+ implementation (e.g. land tenure, benefit sharing, monitoring and verification) could be resolved.

Moderator:

·    Mr. Claudio Forner, Global Support Program Coordinator, Climate Investment Funds (CIF) Administrative Unit                        

Speakers:

·    Mr. Lucio Pedroni, CEO, Carbon Decisions

·    Mr. Jorge Mario Rodríguez, Director General, Fondo Nacional de Financiamiento Forestal (FONAFIFO), Costa Rica

·    Ms. Martha Ruiz Corzo, Unit Leader, International Affairs and Finance, Grupo Ecológico Sierra Gorda, Mexico

·    Ms. Grethel Aguilar, Regional Director, Meso America and Caribbean Initiative, International Union for Conservation of Nature (IUCN)

11:45 – 12:00

Short break

12:00 – 13:00

Agriculture, Forestry and Land Use Change in carbon markets – how can AFOLU be an attractive sector for investments?

Participants will discuss the actual and potential carbon finance mechanisms for AFOLU projects, as well as the advancements on AFOLU issues in the Climate Change negotiations and their implications for carbon markets. The session will address the economic incentives and disincentives, governance conditions that affect investments in AFOLU, and what is needed to incentivize businesses to invest in the sector.

Moderator:

·    Ms. Charlotte Streck, Director, Climate Focus

Speakers:

·    Mr. Gonzalo Castro de la Mata, CEO, Ecosystem Services LLC, Peru

·    Ms. Leslie Durschinger, CEO, Managing Director, Terra Global Capital, USA

·    Mr. Omar Samayoa, Rainforest Alliance, Guatemala

·    Ms. Jeanette  Cárdenas, Natural Resources Management & Climate Change Specialist, Inter-American Institute for Cooperation on Agriculture (IICA)

What role for national development banks and financial institutions in leveraging international climate finance?

Participants will discuss the role of national development finance institutions within the international climate finance architecture. More specifically, the session will allow the exchange of information about the intermediation of international climate finance, a topic which becomes particularly crucial as the possibility of these national development finance institutions becoming direct channels of finance within the Green Climate Fund of the United Nations is ever more likely.

Moderator:   Mr. Michael Rattinger, Climate Change Economist, IADB

Speakers:

·    Mr. Romy Calderón, Chief Economist, Latin American Association of Development Financing Institutions, ALIDE

·    Mr. Victor Ballesteros, Manager, Investments Structure, Financiera Rural, Mexico

·    Ms. Doris Arévalo, Director, Business Intelligence, Bancoldex, Colombia

·    Mr. Waldo Moncada, Energy Specialist, Banco Centroamericano de Integración Económica (BCIE)*

 

13:00 – 14:00

Lunch Break & Visit the Exhibition

14:00 – 15:00

Voluntary carbon market: a regional update on standards, programs and markets

Voluntary markets offer a continuing source of value for carbon reduction projects even when compliance markets are slow to develop.  But where is the greatest likely demand and which out of many possible standards offer the best prospects for returns?  This session will help identify real opportunities by offering a guide to the current and likely future voluntary markets.

Moderator:

·    Mr. Edwin Aalders, Assessor, DNV

Speakers:

·    Ms. Molly Peters-Stanley, Voluntary Carbon Program, Ecosystem Marketplace

·    Ms. Andrea Welsh, Outreach Manager, Verified Carbon Standard (VCS)

·    Mr. Ivan Hernandez, Regional Manager, Latin America, Gold Standard Foundation

·    Ms. Franziska Heidenreich, Head of Carbon Offset Projects, Myclimate

Latin American Stock Exchanges: Blazing the Trail for New Green Financial Products

Stock markets in Latin America are emerging as key facilitators in the carbon markets, providing much-needed liquidity to climate change mitigation instruments. However, they also play a role beyond channeling capital to projects. By promoting standardization and simplification, they provide a framework for decreasing uncertainties, isolating the climate change risk as much as possible from other risks associated to a project. Stock exchanges also promote market transparency and better governance for carbon transaction and involvement of public funds, while leading the domestic discussions about climate change related market mechanisms to be held between the private sector and national governments.

Moderator:   Mr. José Juan Gómez, Lead Private Sector Specialist, IADB

Speakers:

·    Ms. Irene Wasilevsky, Specialist, Research and Development, Buenos Aires Stock Exchange (BCBA), Argentina

·    Mr. Cesar Andrés Rodríguez, Director, Social and Environmental Responsability, Colombia Stock Exchange (BVC), Colombia

·    Mr. Carlos Berner, Manager, Santiago Climate Exchange, Chile

 

15:00 – 15:30

Coffee break

15:30 – 16:30

 

Closing Plenary

Keynote Addresses by Ms. Christiana Figueres, UNFCCC Executive Secretary

and H.E. Rene Castro, Minister of the Environment, Energy and Telecommunications, Costa Rica

16:30 - 17:00

Closing Ceremony

 

 

 


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