2D : Monday, May 8 : 3:00 pm - 4:15 pm
Green Bond Evaluation: Does it Boost Investor Confidence and Energy Efficiency Visibility?
As Green Bonds were originally welcomed to the market with high-expectations, investments have missed initial projections and investor interest appears to be waning. Can the market be reinvigorated? What can be done to restore investor interest and confidence? Does energy efficiency evaluation illustrate the value investors want to see?
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THOUGHT LEADERS
Justine Leigh Bell
Director of Market Development, Climate Bonds Initiative
Speaker
BIO
Justine has spent much of her career helping business leaders and governments find solutions to the global challenges of climate change and sustainable development. She has provided advisory services for a number of global institutions and governments across Europe, Africa, India, Indonesia and Latin America. Her areas of focus includes sustainable development in emerging economies, climate change mitigation/adaptation strategies, climate finance, economic valuation and market based instruments for managing natural resource assets. She is currently the Director of Market Development at the Climate Bonds Initiative (CBI), an investor focused not for profit working to mobilize debt capital markets for climate change solutions. Her primary focus is in the emerging markets where she works closely with both public and private sector actors in developing national policy guidelines and investment roadmaps that will enable access to green bond financing. Currently, she leads CBI’s efforts in the Latin America region where market development programs are underway in Brazil, Mexico, and Columbia. Previously, she was heading the development of the International Climate Bonds Standard Program, where she worked closely with industry leaders and global experts in establishing a screening tool for investors to easily prioritise climate and green bonds with confidence. Justine has an MSc. in Molecular Science from Yale University and an MSc. in Environmental Economics and Policy from Imperial College, London.
Michael Eckhart
Managing Director and Global Head of Environmental Finance, Corporate and Investment Banking Division, Citigroup
Speaker
BIO
Michael Eckhart is a Managing Director and Global Head of Environmental Finance in the Corporate and Investment Banking Division of Citigroup in New York City. Previously, he was founding President of the American Council On Renewable Energy (ACORE), a Washington DC-based nonprofit organization, where he emerged as a national and global leader in the renewable energy field. Earlier, he developed financing for solar energy under the SolarBank Initiative in Europe, South Africa and India. was Chairman & CEO of United Power Systems, Inc.. Vice President of Areté Ventures, Inc.. a strategic planner of General Electric Company’s power systems sector. and a Principal with the energy practice of Booz, Allen & Hamilton. He has received numerous awards and recognitions, including Renewable Energy Man of the Year of India in 1998, the Skoll Award for Social Entrepreneurship in 2008, the Good Deal for All Award in 2009, the ISES Hermann Scheer Global Leadership Award in 2013, and Biofuels Financier of the Year in 2014. He received a degree in Electrical Engineering from Purdue University and an MBA from Harvard Business School, and served in the US Navy Submarine Service.
Ben Hulac
Business and Finance Reporter, ClimateWire, E&E News
Speaker
BIO
Ben is a business and finance reporter for ClimateWire. He writes about the intersection of money and climate change. Ben is chronicling how world governments and private-sector institutions are reacting, swiftly or sluggishly, to the economic ramifications of global warming. He graduated from Lehigh University in 2013 and Columbia Journalism School in 2014.
Ken Locklin
Director, Impax Asset Management
Moderator
BIO
Mr. Locklin is a senior investment executive with 30 years of finance experience, and a 20 year commitment to clean energy enterprise investment, development, management, and finance. Mr. Locklin currently serves as a Director for Impax Asset Management. Impax manages ~$5 billion of public and private equity investments for major institutional clients around the world. With more than a decade and a half of experience, it is the global investment leader in the FTSE-tracked environmental sector, investing in clean energy, resource recovery/recycling, and water processing/distribution. Mr. Locklin also provides strategic consulting services to nationally known organizations seeking to expand their activities in climate solutions investment. Previously, Mr. Locklin was the Director of Finance and Investment with the Clean Energy Group (CEG), the private organization which supports and advises clean energy investment efforts worldwide. CEG also works with the NGO Ceres to advise the Investor Network on Climate Risk, which brings together leading pensions and institutional investors committed to pursuing low carbon investment. Mr. Locklin also acted as a founding member of the Massachusetts Green Energy Fund management team, the innovative clean energy venture capital investment vehicle launched in 2004. He also advised early stage clean energy technology companies on their development and planning. From 1997 to 2004, Mr. Locklin was a Partner with EIF Group, the oldest and largest power investment management firm in the U.S. Mr. Locklin worked with EIF’s Clean Energy investment interests across all its investment funds. Mr. Locklin is a founder of the American Council on Renewable Energy (ACORE), the leading US renewable energy umbrella organization. He is also a founding Co-Chair of the Renewable Energy Finance Forum – Wall Street, the world’s largest renewable energy investment conference. He is a graduate of Yale University.
Rod Richardson
President, Grace Richardson Fund
Speaker
BIO
Rod Richardson, President, Grace Richardson Fund. GRF pioneers new free market solutions to critical issues stuck in partisan gridlock. Such as: Clean Tax Cuts (CTC), the application of Ronald Reagan’s supply-side tax cuts to the problems of climate and pollution. CTC powerfully accelerates profitable clean solutions, increases ROI, accelerates investment, and also drives down cost of capital and outputs. So CTC simultaneously increases supply and demand for clean solutions. Rod is also a columnist for The American Spectator (“The Free Market Optimist”), a pioneer of original glass flow sculpting techniques, and helped build the first US mussel aquaculture farm.
Henry Shilling
Senior Vice President, Moody’s Investors Service
Speaker
BIO
Henry oversees Moody’s Green Bonds Assessment initiative, which involved the launch and implementation in 2016 of a methodology for assessing green bonds world-wide. Henry conducts research on ESG topics generally and publishes periodic commentary on the green bonds market. He has also been engaged in coordinating Moody’s efforts focused on environmental, social and governance (ESG) risks, their impact on credit ratings, related research, as well as outreach and product development. With Moody’s since 1992, Henry played a leading role during his tenure in the development of the Managed Investments Group. Henry is the author of The International Guide to Securities Market Indices which was published in 1996 by International Publishing Corp., Chicago, Illinois. He is a contributor to Money Market Funds in the EU and the US, published in 2014 by Oxford University Press. He earned a B.A. in economics from Lehman College, City University of New York in 1971.