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Lakshmi Venkatachalam - Session Overview

Lakshmi Venkatachalam - Session Overview

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Published by: Asia Clean Energy Forum on Jun 20, 2012
Copyright:Attribution Non-commercial


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Asia Clean Energy Forum 20128 June Plenary Session 23
The Future of the Global FinancialArchitecture for Climate Change:A Perspective from Asia
Lakshmi VenkatachalamVice President for Private Sector andCofinancing OperationsAsian Development Bank
Climate Finance: Perspectives from Asia
Seeking a climate-smart development pathway
Sourcing and deploying financial resources critical
Bilateral and multilateral climate finance flowsincreasing, including through ADB
Climate-friendly investment in Asia dominated byprivate sector flows
Smart use of public funds to leverage privatesector resources
Global Climate Finance Directions
Fast-start financing: $30 billion (2010-2012)
Goal: Mobilize $100 billion/year (by 2020)
Green Climate Fund (GCF): To play key
role in mobilizing additional financialresources, especially private sector

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