Transcript Role of development Banks for Climate Technology Financing and

Role of Development Banks for Climate
Technology Financing and Network Support
----ADB’s Pilot Asia-Pacific Climate
Technology Finance Center
Xuedu LU
Advisor, ADB
3 Dec. 2012, Doha
ADB’s Pilot Asia-Pacific Climate Technology
Finance Center was establish in June 2012 with GEF
and other donor agency support in finance, located in
ADB Headquarters, Manila, Philippines, Which is the
first of the regional climate technology finance centers
supported by GEF.
The primary objective of the Center is to promote
climate technology transfer and deployment in
developing countries in Asia and the Pacific.
The Pilot Center will do
1. Assistance to governments to create a favorable
environment for climate technology investment, through
integrating climate technology into national development
or financing plans.
2. Assistance for actual projects (public and private
investment )to select most appropriate mitigation or
adaptation technologies.
The Pilot Center will do
3. Establishment of a pilot Low Carbon Technology
(LCT) Marketplace to promote deal making between
buyers and sellers.
4. Assistance to access finance for climate
technology investment.
Low Carbon Technology Marketplace
1. LCT Marketplace is designed as a broker, a matchmaking mechanism that will bring together technology
sellers and buyers.
2.It is targeted at medium-small sized enterprises who
don’t have the global reach, lack knowledge regarding the
right partner/market in developing countries, or the right
technologies to buy.
Low Carbon Technology Marketplace
3. The primary role of the Marketplace is to reduce
transaction costs involved in technology transfer
deals(mainly caused by legal issues and trust) so as to
promote deal making. During the pilot, ADB will provide
technical, regulatory and legal assistance or financing to
make transactions materialize.
Impacts of Climate Technology Finance Center
1.Innovative business models to promote climate
technology transfer and deployment can be explored and
developed successfully, and practical experience and lessons
to promote climate technology transfer will be achieved and
shared.
2.Climate technologies can be widely deployed and
climate technology investment can be greatly scaled up in
developing countries, which will help decouple the economy
growth in developing countries from their GHG emission.
Thank you
Xuedu Lu
Advisor
Regional and Sustainable Development Department
Asian Development Bank
[email protected]