CDM in Latin America and the Caribbean
Argentina, Barbados, Bolivia, Brazil,
Colombia, Chile, Costa Rica, Cuba,
Ecuador, El Salvador, Grenada, Guatemala,
Guyana, Haiti; Honduras, Jamaica, Mexico,
Nicaragua, Panama, Paraguay, Peru,
Dominican Republic, Surinam,
Trinidad & Tobago, Uruguay, Venezuela
September 27-29, 2011San José - Costa Rica
Hosted by:
Organized by:
Supporting Organizers:
Program overview
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
and H.E. Rene Castro, Minister of the Environment, Energy and Telecommunications, Costa Rica
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
Day 1 Tuesday, September 27, 2011
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
Day 2 Wednesday, September 28, 2011
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
Day 2 Wednesday, September 28, 2011
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 (*) Speaker 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)
Day 3 Thursday, September 29, 2011
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
Day 3 Thursday, September 29, 2011
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
