EVALUATING FINANCING AFTER PARIS
Moderator: Ann Gardiner, Ecofys
Now that the stage has been set through the international agreement on climate change negotiated in Paris, there are increasing commitments to climate finance for low carbon development both in developed countries as well as flowing from developing countries to developing countries, which will ultimately transform the markets for energy efficiency and renewables worldwide. Panelists will discuss the opportunities and challenges seen in several new initiatives as well as emerging trends in evaluation of climate financed initiatives.
The international development agencies and multi-lateral banks want cost-effective, and innovative approaches to deliver transformational change that provides sustainable economic and social benefits while addressing climate change in developing countries. These initiatives are experimenting with ways to:
- Use results-based financing for emission reductions while increasing energy access, such as with GIZ’s Energising Development (EnDev) Programme or the UK’s Carbon Market Finance Programme
- Substantially increase private sector involvement through leveraging like the UK’s Climate Public Private Partnership (CP3)
- Promote sectoral shifts with coherent exit strategies once funding phases out, as with the multi-donor Nationally Appropriate Mitigation Action (NAMA) Facility
- Establish new financing mechanisms for mitigation, like the World Bank’s Pilot Auction Facility
- Transform local capacity at developing low carbon development strategies as in CIFF’s Mitigation Action Plans and Scenarios (MAPS) Programme
At the same time, these funders are establishing more rigorous requirements for evaluation as initiatives get more complex in rapidly changing markets. Evaluation of low carbon development strategies is at the nexus of development aid (e.g. health) and energy efficiency evaluations with a strong emphasis on evaluating transformational change.
Paddy Abbot, LTS International
Christine, Wörlen, Arepo Consult
Julia Larkin, IDEAS for Energy