Name: Asia-Pacific Partnership: Cleantech Financing Strategy
Location: China and India
Partners: Environmental Capital Group, OM Ventures and Verte GBS
Status: Completed
This project developed a cleantech financing startegy for the Asia-Pacific Partnership on Clean Development and Climate through a non-paper which was approved by the Minister for Environment Canada and was presented at the 9th Policy and Implementation Committee meeting in Vancouver, Canada on 24 March 2010.
The strategy focused on leveraging the existing foundation which the APP has successfully developed, to substantially increase the scale of clean energy development, demonstration, deployment and diffusion. The strategy suggests, the APP must focus on stregnthening its unique public and private sector networks to scale the impacts of the 172 (Nov 2009 statistic) demonstration projects by unlock private capital investments.
This strategy was developed inline with UN predictions predicting the need for annual investments in clean technologies to reach half a trillion U.S. dollars (.44% of Global GDP) by 2020. These predictions stress the need for effective public-private partnerships to unlock private capital flows into clean technology investment on an unprecedented scale.
The strategy propses that the APP can made significant contributions towards these goals by pursuing the following strategies: