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Clean Energy Finance Solutions

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Mayor of Warsaw Hanna Gronwkiewicz-Waltz and Polish Minister of Environment Maciej Grabowski meet with CLG/Polish Business & Science Climate Platform members to support public-private partnerships, 2 December 2014

Sandrine panel

This high-level lunch in Warsaw, co-hosted by CISL and the Mayor of Warsaw, gathered the Minister of Environment and Special Advisor to the Minister of Economy with more than 30 senior business participants, Ambassadors, international institutions and finance experts to discuss what can be done in cities to de-carbonise through public-private partnerships.

The participants agreed that many public-private partnerships do not and should no longer fit the traditional model and that the existing legal framework for public private partnerships was burdensome and needed to be simplified. It was also agreed that more stakeholder discussions and opportunities for knowledge exchange such as those facilitated by the CLG and Polish Business & Science Platform were essential in the region. Building on the discussions, it was clear that different stakeholders felt a steer towards change needed to come from local authorities and that the CLG and Platform members should continue to work with city officials in Poland and in the EU to enhance greater dialogue and action between business, local authorities and investors.

Read more here.


Launch of the campaign ’A world you like with a climate you like’, May/June 2013

Sandrine Dixson-Decleve, Director, EU CLG moderating the EC Communications event in Bulgaria forming part of the campaign ’A world you like with a climate you like’

Sandrine Dixson-Declève, Director, CISL’s EU Office had the great honour to launch and moderate with Connie Hedegaard, European Commissioner for Climate Action, five EC Communications events forming part of the campaign ’A world you like with a climate you like’, in Warsaw, Vilnius, Sofia, Lisbon and Milan. Each event is focused on enabling a greater dialogue with policymakers, business leaders and citizens around key themes. The event in Sofia ‘Building a low-carbon society in Bulgaria’ was opened by the President of Bulgaria and had important contributions from Julian Popov, Former Minister for the Environment and Tsvetelina Borislavova, VP Bulgarian Green Building Council and Clever Synergies Investment, both Advisory Committee members.


Launch of the ‘Clean Energy Finance Solutions: Poland’ Report, 25 March 2013

On 25 March, CISL launched the 'Clean Energy Finance Solutions: Poland Report'. The report was launched by Sandrine Dixson-Declève, Director, CISL EU Office during a policy debate on low carbon investments attended by high-level representatives from the Polish, German and UK Governments as well as business leaders. The Report is the last in the series of CEE country reports on finance in the renewables sector under the Clean Energy Finance Solutions project undertaken by CISL. It highlights the opportunities that exist in Poland for renewables in terms of large-scale cross-border co-operation, job creation and growth. In addition, the report shows the potential for further developing the nascent wind sector. It is hoped that the report will be used to enhance dialogue between Government representatives and the investment community when considering the future energy profile of the country and finance needs.


Roundtable on 'Long-Term Investment Perspectives for Clean Energy in Romania', 19 March 2013

The last CISL roundtable on investment and policy perspectives in the area of renewable energy sources was held in Bucharest, Romania on 19 March 2013. As usual, it was facilitated by CISL, and co-sponsored by the British Embassy, Bucharest.

Speakers included Remus Cernea, Member of Parliament; Anamaria Stroia, Country Director of the Regional Environment Center (REC); and Narcis Jeler, Advisor to the Minister of Environment and Climate Change.

Romanian business leaders, investors and trade association representatives openly debated how to unlock opportunities for growth in the clean energy sector. They built on the proposal from previous roundtables to set up a Sustainable Energy Advisory Council and mandated CISL to continue its facilitating role in discussions between the government and major stakeholders.


Roundtable on 'Long-Term Investment Perspectives for Clean Energy in the Czech Republic', 18 March 2013

The third CISL roundtable on investment and policy perspectives in renewable energy sources was held in Prague, Czech Republic on 18 March 2013. It was facilitated by CISL, and co-sponsored by the British Embassy, Prague.

Representatives included Pavel Solc, Deputy Minister of Industry and Trade; Tomas Zidek, Deputy Minister of Finance; Martin Bursik, President of the Czech Renewables Chambers; and Miroslav Zamecnik, member of the National Economic Council.

Business leaders, investors and stakeholders had a frank exchange of views with policymakers on the most effective means to foster private–public dialogue on renewables. They welcomed the proposal to set up a Sustainable Energy Advisory Council to the Czech government, along the lines of what CISL had already done in Hungary and Bulgaria.


Roundtable on 'Long-Term Investment Perspectives for Clean Energy in Bulgaria', February 2013

Clean Energy Roundtable

The second CISL Roundtable on investment and policy perspectives in the area of renewable energy sources was held in Sofia, Bulgaria on 4 February 2013. The Roundtable was facilitated by CISL, and co-sponsored by the British Embassy to Bulgaria and the Bulgarian School of Politics. More than 30 senior representatives gathered at the residence of the British Ambassador, including the Deputy Minister of Economy, Energy and Tourism Evgenia Haritonova; the Chair of the Parliamentary Committee for Environment and Water Martin Dimitrov; Iskra Mihaylova-Koparova, Chairperson of the Parliamentary Environment and Water Committee and the EBRD Bulgaria Director Daniel Berg. They were joined by leaders from local and international companies, green groups, economists and independent policy experts.

As a result of the open and constructive exchange of views, the participants agreed to call on the Bulgarian Government to create an independent Advisory Council on Sustainable Energy, spanning the whole spectrum of stakeholders active in the field of low carbon energy sources. CISL will work together with the relevant parties to follow up on this decision, and will continue to play a facilitating role in the setting up of the Advisory Council and discussions between the government and major stakeholders.


Clean Energy Finance Workshops in Hungary, December 2012

CISL organised two ground-breaking Clean Energy Finance workshops in Budapest, Hungary on 4 and 5 December 2012.

The objective of the first workshop was to bring together policymakers, renewable energy players and the finance community to address barriers to investment in the renewable energy sector. The workshop was co-sponsored by the British Embassy to Hungary and MFB Invest, the investment arm of the Hungarian Development Bank. More than 40 senior participants (predominantly from private banks, EBRD, EIB, venture capital, renewable energy companies and the Hungarian Government) engaged in an open and constructive dialogue around the barriers and opportunities to clean energy finance in Hungary. A concrete action plan was agreed, calling for a proposal to the Hungarian Government to create an Advisory Committee on renewables and low carbon technology, and the investigation of MFB Invest into the establishment of an innovative fund financing low carbon projects. Follow-up activities are already underway.

The second workshop built on the results of the first, and focused on capacity building in the renewable energy sector via targeted working group activities on outstanding sectoral issues, and possible solutions in particular vis-à-vis the lack of access to government.


CISL's EU Office Launches the ‘Clean Energy Finance Solutions: Central & Eastern Europe’ Report in Brussels, Budapest, Bucharest, Prague, and Sofia, May–October 2012

After hosting two very successful launches of the Clean Energy Finance Solutions Report in Budapest and Sofia in May 2012, the report was launched in Prague and Brussels in September 2012, and Bucharest in October 2012. The launches presented the report's key analysis and final recommendations to major stakeholders including Ministers. Each of the launches enhanced dialogue between policymakers, investors and industry on the barriers and opportunities for renewables in the electricity sector. As a result of the Hungarian launch, the Hungarian Government pledged to work further on low carbon technologies and to host a follow-up meeting of Finance Ministers from the region in the autumn of 2012. In addition, as a direct result of the project, Hungary’s Bright Blue Platform on Climate Change, which brings together company leaders catalysed by CISL and the EU CLG, published a letter co-drafted with the EU CLG Secretariat, urging the Hungarian Government to be more forthcoming on climate policy and to adopt more ambitious targets and a strong position on ETS recalibration.

In Brussels, the launch was co-hosted with the Hungarian Ambassador H.E. Olivér Várhelyi. It invited distinguished guests to hear from the Polish Ambassador to the EU, H.E. Karolina Ostrzyniewska and Mr Peter Vis, Head of Cabinet, European Commission DG CLIMA. An extremely high level panel of MEPs and representatives from industry complemented the discussions around decarbonisation and the role of finance in speeding up the process.


Launch of the ‘Clean Energy Finance Solutions: Central & Eastern Europe’ Report in Budapest

Roundtable Clean Energy Bucharest

On the 11th of May, CISL’s EU office launched a report on Clean Energy Finance Solutions in Budapest, in the presence of the Undersecretary of State for Climate Change, Pál Kovács and in cooperation with the Regional Centre for Energy Policy Research (REKK) and the Regional Environmental Centre for Central and Eastern Europe (REC). An important part of the CISL-led project was the establishment of an Advisory Committee of senior representatives and experts from the private and public sectors with regional knowledge, to lay the foundation for an informed dialogue between investors, power companies and policy makers on improving investment channels into low carbon power sector development. The Report recommendations aim at accelerating the pace and scale of efforts to finance the development of low-carbon power in Bulgaria, the Czech Republic, Hungary and Romania.

As a result of the Hungarian launch, the Hungarian Government has pledged to work further on low carbon technologies and will host a follow-up meeting of Finance Ministers from the region in the autumn of 2012. The second phase of the project, focusing on stakeholder engagement and capacity building, has received further funding and will commence in September. This project serves to strengthen the mission and work of the CLG in the region. As a direct result of the project, the Bright Blue Platform on Climate Change, which brings together company leaders catalysed by CISL and the CLG, published a letter co-drafted with the CLG Secretariat, urging the Hungarian Government to be more forthcoming on climate policy and to adopt more ambitious targets and a strong position on ETS recalibration. Similar launches will be undertaken in Sofia and Prague in June and September.


 

Low Carbon Finance Ministerial Forum, October 2011

In October 2011, CISL facilitated a Low Carbon Finance Forum initiated by Gregory Baker, UK Minister of State for Energy and Climate Change in co-operation with Tamas Fellegi, Hungarian Minister for National Development. The Forum recommended undertaking analysis and establishing a group of experts to focus on unlocking private finance for low carbon investments in a few Central and Eastern European countries – Bulgaria, the Czech Republic, Hungary and Romania.