Defining impact for the transition in concrete terms

Conferences - By : Alice PAUTHIER / Claire ESCHALIER

Official side-event – Summit for a new global financing pact

 

Context

In 2022, a global consensus was reached on the need to reform the global financial architecture, considered no longer “fit for purpose”. While most discussions focus on how to reform development finance institutions (DFIs), too little attention is paid to the concrete needs of developing countries and what the transition to low-carbon and resilient economies means for them. 

 

Objective of the side-event

This side-event seeked to bring in the debate country representatives and DFIs to exchange on how they were advancing on the climate and development agenda, what are their specific objectives related to the transition to low-carbon resilient economies and how to define impact? 

 

Organizers

Climate Policy Initiative (CPI), Iddri, Institute for Climate Economics (I4CE), NewClimate Institute, World Resources Institute (WRI) 

 

Date and time: June 22nd, 10:15-11:15 CEST

Location: UNESCO, Paris  

Session will be livestreamed on the event platform during the Summit and a replay will be available after the Summit.

 

Provisional agenda:

Welcome remarks by Benoît Leguet, managing Director, I4CE 

 

Keynote speech: Morgan Despres, executive director, European Climate Foundation (TBC) 

 

Moderator: Bella Tonkonogy, director, CPI 

 

Part 1: What does the transition to low-carbon and resilient economy imply in different countries? 

 

  • Chantal Naidoo, founder and executive director of Rabia Transitions (perspective from South Africa);
  • Dr Arunabla Ghosh, climate expert & CEO of CEEW (perspectives from India);
  • Noor Syaifudin, fiscal policy department, Ministry of finance, Indonesia.

 

Part 2: How to define and maximize “impact” and support to countries in their transition? What changes are needed in the role played by MDBs and NDBs to maximize impact in the real economy?  

 

  • Stéphane Hallegatte, senior Climate Change Adviser, the World Bank;
  • Dr Al-Hamdou Dorsouma, director climate change and green growth African development Bank;
  • Catherine Koffman, Group Executive, Development Bank of Southern Africa (DBSA);
  • Valerie Laxton, senior associate, Development Finance Institutions, Finance Center, WRI. 

 

Discussion: How would these changes support the transition in countries? What are the key success factors that you identify?

 

Reactions from panelists and exchange with the audience. 

Discussant: Nathalie, Mangondo, YOUNGO (perspectives from Zimbabwe). 

 

Concluding remarks by Aki Kachi, NewClimate Institut

 

22 Jun 2023

Defining impact for the transition in concrete terms

I4CE Contacts
To learn more
  • 01/23/2026 Foreword of the week
    Financing carbon farming practices: lessons learnt in France can reinforce the EU level initiatives

    In a challenging economic and political context, especially for the agriculture sector, some incentive schemes can still help bring stakeholders together in climate transition and resilience initiatives. This is the case with carbon certification schemes, which both ensure the credibility of the climate impact of the actions implemented and provide remuneration for farmers and foresters for changes in practices. Some of these measures, such as replacing mineral fertilisers (mostly imported) with organic fertilisers, also help to meet the sector’s needs for resilience and strategic independence, which are crucial in the current context.

  • 01/21/2026 Blog post
    On Carbon Removals and Carbon Farming the devil is in…the demand

    The implementation of carbon farming practices on European farms and in European forests is a lever for achieving carbon neutrality, but also for farm resilience, the adaptation of forest stands to climate change and for contributing to our strategic independence. Certifying and financing low-carbon practices is the objective of the CRCF (Carbon Removals and Carbon Farming) regulation, which will come into effect in 2026. Now seems the right time to draw lessons from six years of experience with a similar standard in France: the “Label Bas-Carbone” (Low Carbon Label – LBC). The results show that striking a balance between scientific rigour and accessibility for stakeholders has led to the development of a substantial range of projects. However, the real challenge is to build sufficient and appropriate demand to finance the projects. There is no miracle solution, but complementary financing channels may emerge. 

  • 01/16/2026 Blog post
    CBAM and fertilisers: ring-fencing budgets to help farmers reduce their use of mineral fertilisers

    The Carbon Border Adjustment Mechanism (CBAM) came into force on 1 January 2026. It is a carbon tax applied at the borders of the European Union to imports of certain industrial products covered by the EU Emissions Trading System (EU ETS). Nitrogen-based mineral fertilisers are included in this initial list of products. To avoid an increase in costs for the farmers concerned, the level of the tax has been reduced for fertilisers, and they may even be temporarily excluded from the scope of the CBAM. Yet, for the climate, but also for France’s strategic independence and food sovereignty, the CBAM will ultimately have to be fully applied to mineral fertilisers. To limit or even avoid an increase in farmers’ fertiliser expenditure, we need public policies – some of which are currently under threat. Ring-fencing budgets for these policies would be a way to support farmers’ incomes and the food sovereignty of both the European Union and France, while reducing the carbon footprint of our food system. 

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !
Fermer