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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CTI PFAN
Impact Investing
And Climate Adaptation Finance
Thaven Naidoo, Africa Adaptation Coordinator Our Common Future Under Climate Change, July 2015 Paris
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
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
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)
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
Some research findings
..research findings…
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
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
Spectrum of Capital
The Challenge
Impact Investing
Metrics –
Finance Focus
Adaptation/Resilience Metrics –
Social/Environmental Focus
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.
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
IDRC Work-stream Components
• Project Identification & Development
• Financing Facilitation
• Investor Forum
• Network Establishment
• Investor database
• Research element
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
Thank you
www.cti-pfan.net thaven.naidoo @ppl-int.com
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