Building a new partnership and financial architecture
for a carbon constrained world
Diálogo Chino
Canning House, London
16th March 2015
Gabriela Moya Toledo
Senior Policy Advisor
E3G – Third Generation Environmentalism
E3G
Content
1.
Cooperation opportunities and learning: cities and clean technology
2.
National Financing Strategies
3.
Evolving International Financing Ecosystem
4.
Green Credit Guidelines, financial regulation and possible impacts for
external cooperation.
E3G
Cooperation opportunities and learning:
cities and clean technology
China’s Low Carbon targets
•Peak CO2 emissions by 2030
•Increase non-fossil fuel share of all energy to
20% by 2030
•Green building target – 50% of all new buildings
by 2020
•1.7 trillion RMB (£170 billion) set aside for air
pollution
42 low carbon pilot cities/provinces
Latin America (14 countries with RE
targets)
Mexico climate change law 30% reduction by
2020 and 50% by 2050.
Energy Cities pilots. Prioritising the use of
solar, wind, biomass and geothermal
Costa Rica 100% renewable energy by 2021.
China largest manufacturer of wind and solar
Chile 20% electricity from renewable sources by
2025
80% of LAC population lives in cities
Uruguay 50% from renewable by 2015, Solar
energy and universal access to electricity
Pilot cities for electric vehicles
E3G
National Financing Strategies
Pathways: Short, Medium and Long –
Term
Strategic approach to mobilising resources
in line with national development plans
Eg. Mexico, Chile, Peru
E3G
Evolving Financing Ecosystem
•
China’s membership of the IDB $2bn co-financing fund
•
New Development Bank (BRICS Bank) to finance infrastructure and
sustainable development projects
•
The Asia Infrastructure Investment Bank (AIIB)
•
International ecosystem – Green Climate Fund and financing Intended
Nationally Determined Contributions (INDCs) in Latin America
E3G
Green Credit Guidelines, financial regulation and
possible impacts for external cooperation

China’s leadership on Sustainable banking Network IFC and Green
Credit Guidelines
 Environment and Social Safeguards implications for Latin America
 Brazil & Peru central bank regulatory processes
 Possible implications of Green finance and financial reform process in
China for Latin America
-More diversified financial products/instruments and sources e.g. green
bonds, equity, guarantee and insurance
E3G
I can be contacted at
[email protected]
Material of E3G work can be found at:
www.e3g.org
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