Ecosperity at COP29
The 29th Conference of the Parties of the UNFCCC (COP29) will be held in Baku, Azerbaijan, with the aim to enhance ambition and enable stronger climate action. The first pillar — to “enhance ambition” — seeks to have all parties commit to ambitious national plans and transparency, while the second pillar — to “enable action” — reflects the critical role of finance, a key tool to turn ambition into action and reduce emissions, adapt to climate change and address loss and damage.
The world is teetering dangerously close to the 1.5°C threshold, but actions have largely failed to keep up with plans. Guided by the latest science and informed by the outcomes of the Global Stocktake, COP29 will review the progress of the Paris Agreement commitments and address fundamental and pressing issues that are hindering global climate action and cooperation, with a new collective quantified goal (NCQG) as a centrepiece.
Temasek will be participating in two panel discussions hosted at the Singapore Pavilion within the Blue Zone.
Join us to hear from global business leaders and Temasek executives on how we are driving the acceleration of global green transition and decarbonisation through investing in climate solutions, building strategic partnerships and platforms, as well as leveraging ecosystem partnerships and collaborations to drive and propel systems-level change.
Main banner image credit: Baku Olympic Stadium
Programme Overview
14:45 – 15:30
What Does Catalytic Capital Look Like?
45 mins
While the concept of "first loss capital" in the context of blended finance has been popularised from 2015, philanthropies and MDBs have been hesitant to commit funds due to concerns about subsidy aversion and moral hazard such as misalignment of objectives amongst capital contributors. This leaves an unsolved problem of an infrastructure financing gap in many EMDEs; in Southeast Asia alone, this gap stands at approximately US$92b per year. How have commercial and concessional capital providers reimagined and redesigned finance mechanisms to mitigate bankability issues and effectively jump start green infrastructure financing?
Speakers
Speakers
Connie Chan
Head, Financial Services, Temasek
Mason Wallick
Managing Director & CEO , Clime Capital
Programme and speakers details are subject to changes.
Timings indicated are Azerbaijan Time (GMT +4)
10:00 – 11:00
An Affordable Energy Transition in Emerging Asia
60 mins
Green solutions across a variety of sectors today are now cheaper than incumbent products powered by fossil fuels, according to recent research. For example, distributed solar photovoltaics now cost less than fossil fuel generators, and electric 2-wheeler vehicles are now cheaper to own than traditional powertrains. In the face of policy levers that are still being refined and renewable energy infrastructure growth still in its early days, how can the private sector seize this unprecedented opportunity to trigger the green leap for the region’s emerging consumers, and spur sustainable development over the critical next decade?
Speaker
Speaker
Vijay Chandrasekhar
Co-Founder & CEO, Cosmos Innovation
Programme and speakers details are subject to changes.
Speakers and Moderators
How to participate
In Partnership With
