New paths in climate finance

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At an international conference in Nairobi, Professors Andreas Klasen (Faculty B+W) and Thomas Hale (University of Oxford) presented new approaches to financing energy projects.

 

[Translate to English:] Foto: Thomas Hale, George Otieno, Andreas Klasen (v. l.)

Central topics were the engagement of multilateral development banks and more effective cooperation of state economic promotion instruments. Both play an important role in achieving the objectives of the global climate agreement concluded last December.

Following the success of the UN climate change conference in Paris, new challenges lie ahead for governments, businesses and civil society. Large investments are needed to effectively slow down global warming and radically switch energy supplies to renewable energies. Thomas Hale and Andreas Klasen discussed how this can be done successfully with more than 60 participants from over 20 countries at the “Energy Sector Specialist Meeting” in Kenya. The national host of the event was George Otieno, CEO of the African Trade Insurance Agency.