HANOI, June 27, 2016 – Practitioners and advocates of low-emission, climate-resilient development in Asia – including state policymakers, officials from development agencies and financial institutions, and potential investors – convened today at the Sheraton Hanoi Hotel for the opening of the Asia Low Emission Development Strategies (LEDS) Forum 2016: Mobilizing Finance for Priority Actions.
Organized by the Asia LEDS Partnership and hosted by the Vietnam Ministry of Planning and Investment (MPI), the Forum aims to support countries in mobilizing finance to implement LEDS aligned with their Nationally Determined Contributions (NDCs), which outline their commitments on climate action to be undertaken under the Paris Agreement.
“We are honored to host this significant event, one that could dramatically accelerate the implementation of priority climate actions across Asia,” said Deputy Minister of Planning and Investment Nguyen The Phuong. “Taking action now will put Vietnam and its developing Asian neighbors on a path of sustainable development and reaffirm our contributions to the global drive to tackle climate change.”
In the three-day forum, sessions will focus on determining the scale of financing necessary to implement priority actions, and identifying suitable financing sources and the means to access them. In turn, ‘deep dive’ training tracks will study available policy and financing instruments to drive public and private investment, behavior change, and decision-making by stakeholders to support low-emission development priorities. The consideration of sub-national and local needs in national financial planning will also be scrutinized.
An ‘open space session’ will also be set up where organizations can showcase best practices and ongoing initiatives on LEDS, particularly in relation to accessing climate finance and technical assistance.
The result, organizers expect, shall be the beginnings of country-specific action plans for mobilizing finance that delegates can build upon and develop at their home contexts.
Asia LEDS Forum 2016 is supported by the United States Agency for International Development (USAID), United Nations Development Programme (UNDP), Climate and Development Knowledge Network (CDKN), LEDS Global Partnership (LEDS GP) and its Working Groups, German Federal Ministry for Economic Cooperation and Development (BMZ), and GIZ.
Other participating organizations include the United Nations Framework Convention on Climate Change (UNFCCC) Regional Collaboration Centre (RCC) for the Asia-Pacific, Institute for Global Environmental Strategies (IGES), United Nations Environment Programme – Technical University of Denmark (UNEP DTU) Partnership, and ICLEI – Local Governments for Sustainability.
After the Forum, the Asia LEDS Partnership Regional Workshop, “Mechanisms that Catalyze Finance for Grid-Connected Clean Energy in Asia” will be held on June 30 to July 1, also at the Sheraton Hanoi.
This regional workshop will serve as a platform among officials, experts, and potential investors, to exchange how countries are designing and implementing policy measures and financial mechanisms to accelerate investment for grid-connected, renewable energy projects – key to the development of sustainable energy solutions.
Also organized by the Asia LEDS Partnership and hosted by MPI, the workshop is co-hosted by the Ministry of Industry and Trade (MOIT) and sponsored by USAID, UNDP, LEDS Global Partnership, and the European Chamber of Commerce in Vietnam.
The workshop complements the theme of the Asia LEDS Forum and builds on regional momentum to spur private investment in LEDS and green growth. At the end, it seeks to come up with general recommendations for governments and identify measures and activities in which the Asia LEDS Partnership could be of assistance.
About the Asia LEDS Forum and Partnership
First held in 2012 in Bangkok, Thailand, the Asia LEDS Forum was organized to enhance regional coordination on LEDS and green growth, identify priorities for regional capacity-building and knowledge-sharing, and establish the Asia LEDS Partnership. Today, the Asia LEDS Partnership is firmly established as a voluntary regional network comprising organizations and individuals working to advance and implement low-carbon, climate-resilient development in Asia.
Succeeding Asia LEDS Forums were held in 2013 (Manila) and 2014 (Yogyakarta). No Forum was held in 2015 to shift its frequency from every 12 months to 18 months.
The USAID Low Emissions Asian Development (USAID LEAD) Program, implemented by ICF International, has been providing Secretariat services in support of the Asia LEDS Partnership. This year, management of the Secretariat is transitioning to ICLEI – Local Governments for Sustainability.
For more information, email [email protected].