3D : Tuesday, May 9 : 11:45 am - 1:00 pm
Turning on the Spigot: Is Enough Energy Efficiency Funding Flowing Where It’s Needed
Capital flows are surging into climate mitigation and adaptation projects in the wake of the Paris Climate Accord, and decarbonization and resiliency strategies are being evaluated by business leaders and policymakers worldwide. The results are clear – energy efficiency is the cheapest, quickest solutions for meeting our environmental and economic goals. The International Energy Agency predicts that to meet our 2°C goal, approximately $8 trillion needs to be invested in energy efficiency by 2035. Additionally, the majority of those funds will need to be invested in developing economies. Are we on track to meet this funding need, and how do we address funding shortfalls in critical areas of the world?
THOUGHT LEADERS
Gina V. Hall
Investment Director, The Carbon Trust
Speaker
BIO
Gina V Hall manages the Carbon Trust’s wide-ranging portfolio of investments, from joint ventures such as Partnerships for Renewables and the Low Carbon Workplace to minority stakes in early stage cleantech companies. Based in Washington DC, she is also responsible for developing the Carbon Trust’s activities with multilateral organisations and US-based philanthropics. Gina has entrepreneurial experience, having founded and floated her own business on AIM, as well as a background in banking and finance. Gina has an MBA from the Harvard Business School.
Prashant Kapoor
Principal Industry Specialist, Green Buildings, IFC Climate Business Group, IFC
Speaker
BIO
An internationally recognized thought leader and expert in bioclimatic design, Prashant Kapoor is a passionate advocate for sustainable solutions that align the interests of developers, financial institutions, governments and homeowners. He is the entrepreneur who created EDGE (“Excellence in Design for Greater Efficiencies”), a universal standard, software application, and certification system to mainstream resource-efficient building growth in emerging markets. Since 2010, Mr. Kapoor has provided dynamic guidance for IFC’s global green building program on both the regulatory and voluntary fronts. Under his leadership, IFC has created a green building portfolio of commercial and residential buildings that totals more than $2.5 billion, both directly and through financial intermediaries. He has played a critical role in developing the national green building codes for Colombia, Indonesia, the Philippines and Vietnam. Mr. Kapoor invented IFC’s EDGE green buildings program as a coordinated investment-advisory approach to transform the construction industry in up to 20 markets over the next seven years. The goal is for green buildings to reach a 20 percent market share, which is equivalent to one million cars off the road, and over $300 billion in green investment. EDGE is currently operational in more than 130 emerging markets, with local certifiers in place in such priority countries as Costa Rica, India, Indonesia, South Africa and Vietnam. EDGE was recently selected as a verification mechanism to provide investor assurance for the Climate Bonds Initiative, which provides eligibility criteria for several categories of climate-related projects, including green buildings. The market for debt instruments that finance projects to help tackle climate change has surged to an estimated value of nearly $350 billion, suggesting an unprecedented opportunity. Prior to joining IFC, Mr. Kapoor worked as a director at WSP consultants in London, where he led the planning of Masdar City, an innovative zero-carbon city under construction in Abu Dhabi. developed a strategic plan for Dubai, including designing a new green building regulatory system. and created various pathfinder low-carbon property programs.
Benoit Lebot
Executive Director, International Partnership for Energy Efficiency Cooperation Secretariat
Moderator
BIO
With over 20 years’ experience in energy efficiency, Benoit brings invaluable expertise to the IPEEC Secretariat. During his extensive career he has worked for the French National Energy and Environmental Agency (ADEME), the International Energy Agency (IEA), and the United Nations Development Programme (UNDP). Having joined IPEEC in March 2014, Benoit supports IPEEC member states in further elevating energy efficiency on the international policy agenda and assists them in the implementation of their work streams.
David Rodgers
Senior Climate Change Specialist, Global Environment Facility
Speaker
BIO
David Rodgers, a US national who joined The Climate and Chemicals team on August 25 as a Senior Energy Specialist with a portfolio emphasizing energy efficiency, renewable energy, and other clean energy projects and programs. Prior to joining the GEF, David served with the United States Department of Energy in Washington, DC, for 20 years. During his career at the Department of Energy, David has had extensive technical and managerial experience with regulatory development, research and development, deployment and commercialization, partnership development, business systems, and planning and analysis. David has received degrees in chemical engineering and computer science from Washington University in St. Louis, and a Masters in public management from the University of Maryland. He is a former Presidential Management Fellow. In the private sector, David has experience in the chemical, petroleum, and information technology sectors. At the Department of Energy, David's assignments and managerial responsibilities have been extensive. From February 2009 through August 2010, he served as Director of Strategic Planning and Analysis for the Office of Energy Efficiency and Renewable Energy. He also served as the U.S. Government Representative on the Executive Committee of the International Partnership for Energy Efficiency Cooperation. From April 2007 through February 2009, David was Deputy Assistant Secretary for Energy Efficiency within the Office of Energy Efficiency and Renewable Energy. He was the first person to hold this newly created position. From July 2006 through April 2007, David served as Acting Deputy Assistant Secretary for Technology Development, with responsibilities for all energy efficiency and renewable energy RD&D programs at the Department of Energy. From July 2005 through July 2006, David served as the Program Manager for the Building Technologies Program. From December 2004 through June 2005, he served as Acting Program Manager for the Industrial Technologies Program. He served for three years as Senior Advisor to the Deputy Assistant Secretary for Technology Development in EERE. From 1996 through 2002, David served as the Director of the Office of Technology Utilization within the Office of Transportation Technologies.
Robert Sandoli
Director, International, Office of Energy Efficiency and Renewable Energy, Department of Energy
Speaker
BIO
Rob Sandoli is the Director for EERE's International portfolio. He leads a team focused on increasing the speed and scale of clean energy deployment through international collaboration with strategic partner countries. He manages EERE bilateral and multilateral partnerships and programs, develops new international collaborations, and coordinates international efforts with other federal agencies, international organizations, the private sector, and other stakeholders. Previously, he served as Senior Advisor to DOE's Under Secretary of Energy, where he provided analysis and advice on budget, management, and policy issues for DOE's $10 billion portfolio of applied energy research, development, and deployment programs (fossil, nuclear, renewable, efficiency, and electricity reliability), as well as environmental cleanup programs. As Deputy Special Advisor for Alternative Energy at the U.S. Department of State, he managed implementation of a multi-faceted biofuels agreement with Brazil and played an integral role in planning and managing the finance track for Washington International Renewable Energy Conference, which had more than 9,000 participants from 125 countries. His leadership was recognized with a State Department Superior Honor Award. He spent much of his career as a Program Examiner at the White House Office of Management and Budget (OMB), where he was honored 5 times with OMB Achievement awards for his part in the development of energy and climate change initiatives, as well as for program management and performance assessment initiatives. In 2004, he was seconded as a Professional Staff Member on the House Committee on Science (Energy Subcommittee) in the U.S. Congress. Prior to his government career, he was a project manager and environmental scientist at a major consulting firm. He holds a Bachelor of Science in Biotechnology from Rutgers University, Master of Science in Microbiology from Cornell University, and a Master of Public Policy from the University of Maryland.