Photo 1: Paradigm shifting requires all hands on deck. GIZ and ONEP invited representatives from both private and public sectors to address investment opportunities and barriers and identify potential sectors for working with and through private sector. Photo: GIZ/Anusara Tanpitak
To build a low-carbon, climate resilient future is a task that cannot be carried by the public sector alone. Private sector actors have, in fact, a vital role to play: from providing access to new technologies, products and services, to channeling their energy and investments towards sustainable solutions. A recent workshop was held with the aim to map investment opportunities and barriers in key sectors for accessing the Green Climate Fund (GCF), and to put forward policy recommendations for overcoming the barriers.
As National Designated Authority (NDA) of the Green Climate Fund (GCF), The Office of the Natural Resources and Environmental Policy and Planning (ONEP), together with GIZ and the Creagy, organised a stakeholder engagement workshop on 28 September in Bangkok. The event, titled “Selecting Potential Sectors for Mobilising Private Sector Investment with Green Climate Fund Support”, aimed to enhance knowledge and understanding of the GCF of key private sector actors, together with the opportunities for the private sector to access the Fund. All participants were active in sector of high relevance for mitigation and adaptation efforts. Stakeholders were then asked to assess potential areas, investment opportunities, barriers, and financial instruments needed in each focused sector.
The workshop focused on 8 sectors cross-cutting both mitigation and adaptation, namely industry, agriculture, waste management, transport, tourism, land use, human settlement and public health. Four of these will be selected for in-depth analysis and for which policy recommendations will be put forward.
On behalf of the GCF’s Readiness Programme and the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), GIZ implements the 2-year “Scaling up Thailand’s climate finance readiness” Project. In close dialogue with ONEP, a GIZ’s team of national and international experts supports ONEP, in its capacity as focal point to the Fund. Part of the support includes disseminating GCF knowledge to key stakeholders and highlighting engagement opportunities with the private sector.
ONEP was officially mandated by the Thai Cabinet to act upon all matters related to climate finance in 2017. This includes the country’s engagement with the GCF.
Photo 3: To build a low-carbon, climate resilient future is work of huge proportions that cannot be addressed by the public sector alone. Both the public and private sector organisations have a vital role to play. Photo: GIZ/Anusara Tanpitak
The Green Climate Fund (GCF) was created in 2010 by 194 countries parties to the UNFCCC. Currently the world’s largest climate change fund (3.5 billion), the fund promotes a paradigm shift towards low-emission and climate-resilient development and supports developing nations to respond to the challenge of climate change. Country ownership and a country-driven approach are core principles of the GCF. For more information, visit: www.greenclimate.fund
Climate finance supports climate actions, i.e. activities that reduce emissions (mitigation), or which supports countries to adapt to the impacts of climate change (adaptation).