ALLCOT Group will be presenting at the workshop “Promoting private sector investment in Adaptation via Art 6.8” during Innovate4Climate in Singapore
Sergi Cuadrat, Chief Technical Officer of ALLCOT Group, will attend Innovate4Climate I4C, which will take place from June 4th to 7th June at Marina Bay Sands Expo and Convention Centre in Singapore. On Tuesday, June 4th he will be one of the speakers at the workshop under the name “Promoting Private Sector Investment in Adaptation Via Art 6.8”. The workshop will take place at Simpor Jr 4811 from 9:30 AM to 10:30 AM.
The objective of the workshop is to host a discussion around the concept of co-benefits from projects, drawing on the example of mitigation, to see if the participants agree that the international community could also pay for adaptation benefits.
In the workshop the participants also will speak about Adaptation Benefit Mechanism (ABM), which is cited as an example of a non-market mechanism in the CoP24 text on Article 6.8 and Parties. The workshop will present the progress on the pilot program for the ABM with input from two project developers participating in the pilot and one host country (to be confirmed). The workshop will explain how the ABM works and how stakeholders including project developers, investors and the private sector can be engaged.
“We need to mobilize investment to finance the sustainable development co-benefits (particularly SDGs 13 and 15, relating to climate action and life on land respectively) of adaptation activities in rural or low-income areas where climate impacts are more significant to enhance resilience and to contribute to the implementation of the adaptation components of host party’s NDCs”, Sergi Cuadrat says.
These are all the speakers:
Gareth Philips, Manager, Climate and Environmental Finance, African Development Bank
Axel Michaelowa, Senior Founding Partner, Perspectives Climate Group
Nikunj Agarwal, Head-Global Markets, First Climate Markets AG
Renat Heuberger, CEO, South Pole
Sergi Cuadrat, CTO, ALLCOT Group
Sandeep Choudhury, Director, VNV Advisory Services
Ousmane Fall Sarr, Coordinator of the West African Alliance on Carbon Markets and Climate Finance
Host: African Development Bank (AfDB)
Innovate4Climate is the preeminent global event on climate finance, climate investment and climate markets. It is a platform that brings together business, finance, policy and technology leaders to accelerate action on financing climate-smart development. In 2019, I4C will focus on green finance, clean cooling, battery storage, climate-smart urban design, Asian climate markets and much more.