Enhancing capacities of public and private institutions working in the fields of development and finance
The Ministry of Environment in cooperation with the United Nations Development Programme organized a training on “Climate Finance”, aiming at enhancing capacities of public and private institutions working in the fields of development and finance. The event took place on Monday 7 and Tuesday 8 July 2014 at Rotana Gefinor Hotel, and was delivered by the Frankfurt School of Finance and Management.
Since developed countries pledged 100 billion US dollars annually to support and assist developing countries in fighting climate change, the training enhanced the participants’ capacities to tap into international funds for climate change and obtain financing for their projects and activities by linking them to climate change mitigation (reduction of greenhouse gas emissions) or adaptation (increase resilience to adverse impacts of climate change).
The Climate Finance training was organized based on the request of the members of the national Climate Change Coordination Unit which groups focal points from public and private institutions and international and non-governmental organizations that directly or indirectly deal with climate change.
Participants included representatives from the Ministry of Finance, the Ministry of Environment, Lebanese Center for Energy Conservation, Association of Lebanese Banks, Banque du Liban, Kafalat, commercial banks (JP Morgan, Audi, Credit Lebanais, Byblos Bank and BLOM), UNDP projects, academic institutions and other authorities and organizations.
Participants were introduced to the concept of Climate Finance, and the international sources of funding as well as the eligibility criteria. Lebanon’s institutional readiness to benefit from Climate Finance and mainstream the concept into national environmental and economic policies was discussed. Risks and barriers were also studied and trainers provided details on how to overcome them. In addition, attendees analyzed the already existing Climate Finance mechanisms in Lebanon and formulated recommendations for their improvement.