Funding Energy Transition for Myanmar - A Green Recovery?
Wednesday, May 27, 2020 - 14:30
27 May 2020 | 14:30pm Myanmar Time
The Paris Agreement created an impetus to accelerate investments, both public and private, to put the world on a path to sustainable growth. Globally, this transition will require trillions to be invested in green infrastructure by 2030, with most of the demand for financing coming from developing countries.
A model pioneered in the UK, green banks, are financing vehicles that can foster greater collaboration between government and private investors. A low carbon development strategy, backed by a green bank, will not only create investment opportunities for the private sector: it can be a catalyst for building capability – allowing countries to develop their own expertise to drive a low-carbon, climate-resilient transition that is completely aligned with the local context.
Gavin will discuss the lessons learned from developing the UK Green Investment Bank, it's work in Mongolia, and why he thinks this model could support the low carbon transition in Myanmar.