Green Banking - Capacity Building on Green Energy and Climate Finance
As of: March 2019
Objective and activities
Lacking availability of appropriate financing options is still a major stumbling block for unlocking the climate change mitigation potential for Renewable Energy (RE) and Energy Efficiency (EE) in developing countries. A main reason is the missing know-how of bankers and investors in RE and EE, resulting in an exaggerated risk perception. The “Green Banking”, a joint project by RENAC and “Association of Development Financing Institutions in Asia & Pacific” (ADFIAP), focuses on sustainable capacity building measures and support for bankers and investors in Thailand, Vietnam, Indonesia, the Philippines and India. Due to its dynamic development this region has an important role in international climate change mitigation efforts. Establishing a new training degree of a “Green Banking Specialist” generates a long-lasting impact on the availability of green finance. By unlocking additional finance for RE and EE the project leads to a high leverage effect of the required budget.
State of implementation/results
- During the reporting period, the first round of the Green Banking training was successful. The second-month online training started with 94 participants on 12.09.2016 and was available to the scholarship holders on the basis of the lively participation until 30.11.2016.
- The delegation trip to Germany, which was attended by fifteen high-ranking representatives of Southeast Asian financial institutions and ministries, led to Berlin and Frankfurt from 10 to 14 October 2016. Within the scope of this trip, ministries (BMUB, BMWi) and development organizations (GIZ, DEG), German financial institutions (KfW, Deutsche Bank, Commerzbank etc.) as well as project developers were visited and invited to exchange with the participants within lectures and B2B meetings.