all hallows and gallows for leaders who burn earth

in the days that humans had a future, history was full of strange ways or celebrating innovative people hallows, witches, stakes burnt earth - will tomorrow be another day - see you in scotland?

Chris Macrae MA DAMTP Cantab posted this

Entrepreneurial Revolution Survey of 7 ways American Law cannot sustain the us peoples l

Chris Macrae MA DAMTP Cantab on LinkedIn

Publish date October 19, 2021October 19, 2021

moderator gillian great work 

subtitl ecan we beat climate crisis and who will pay for it- female moderatpr importantreherasla glasgow

100 billion dolar number will dev world find money it needs for gree

misleadinh will we find private sector flows

or other mdgs interventins

global -locap lperspective

risk green gets take over by bubble metality of markets

maldives

aiib philipinesd

ken british cop26 ambassaoor for regiob

wjy wait to july 1 2023 - paris alignement

why wait to then

we at aiib are not waiting - we are testing concepts t converge collaboratively on this

climate financng recaing 4-%=50% - no gap

domingiuez absurd philippines contributes 3% of emissions to world but as leader we commit to 75% reduction but where are teh rewards of living up to paris agreement

philipiness willshare our oraoadmap at cop26 - watch out!

we are pushing law ban single use plastics

also landmark projects - represneting all local conreners of filipmes including eg fish! - they have identified top 10 climate risks indueced by our country - while we move with ourgency very little promi8eses of west hacve happened - we need western responsibility to share theor buderen so most climate vlbneable countries get hustice; get chnace 

maldives we need accelerated effors by developed world - things small islands running out of times

hard to attract cliamte finace for maldives and all sisdd

we cant take mre loan s on climate - we have immediate peope development needs; we need predictable long term farmweworls on big risks insteasd of biggest countries chaning game every 4 yera election cycle or worse than that every eu or other g7 chnage

ken o'falaherty britsh common sense

aiib is leading among mdbs

mainstraming nature into banking thinking - reference

paris alignment is the correct date but who will be french political leader 20203 - why guterres has chsoen

dame asnne richards fidelity international

aligng paris agrement goals 2015-23

our firms role gather small pots of moey from families etc and invest into real economy - not starihghtfowrad process

at joining up klevel mdbs critocla role decarbon agendapharse paras alignement erferes to goal to 1.5% and why over 1.5% is not a viable galpost to cghange 

slip now futre slips ever gereater

clarify diference betwenn 1.5% and 2% to most vulnerabe

we are not moving fats enough - private investors can see publiv cpolicy maters - we need grand pledges made legally binding in law

banks / capat allocatrs can stiil do a lot - and how we include emrgeing econies in this - we need both just and rapid transitions - developed economies have longstanding ersponsbiliti9es for whole world picture

ability to give project verifiable approval can be huge in growing competence for money flowing where it needs o

1 operationally wgat can eg fidelity do within out own operation to be net zero by 2030 ; and how can we make portgliosd we manage for other peopel by 2030 what we call scope 3

- lever - fi eunds 800mn on behalf of other peopel - we defune policies but we dont want to shuffle problems onto oether peopels portfolios - thats where we need esg profiling o0f thsoe we invest in - even bad carbon comanies today - so they change

we are seeing exciting innovation /tech changes coming from those esg-ceos but we are losing teh time battle

we need to refrane the time at cop26-q what can blending finance eg between fi and mdb

q to lqun - your 40% reality pledge now please clarify - liwun numbers aim 50% of finacing by 2025 (our wjole span 2019-2030 will be 50 billion dolars ) large amount for new but small mdb - comare resorces of otheres mdbs - list

devekoped countriesd can work with bmdbs to be teh chnage they need to live up to

there is plenty of money floating around0 challenge os transparent reallocation - urgency climare adaparation.mitogation - doe we really beleive extinction on line

this is not exc[penditire - this has investemt returns across a generation but not teh short-term

regarding private sectirs resource s- need enabling enviroment toc hange confidence on teh colabration long trem napping

nb these are not tradeoffs with economic growth - they are tareoffs with each other

cf invetsing in ednding covid as // case

must retrn to investemnt medntality taht 1.5% is the goal to p-revent extinction

work through all tese issues by teh fdiferent majot sources of finaces

developed contries must play their part

one more question gillain- do you do blended with private at the moment - we do co-finanace but we dont give absdolute guarantees - we seek to enhnace the future mindset not guarantee indigidual private sector sources

at aiib we beleieve in esg farmeworks - where privalte sector ises tarsnparent esg framwoeworls as applied to claimte change finacing

q to dominguez

what will be local reactions if cop26 not seens s turning point by your people s- in philippines green colab of ahemces led by depattemt of finance has becme a syndergetic green frinance ecosystem - within our regio we are hitting ground running - we hope the raodmap we will share at galasgow will sinpire other developing countries

q to domingez - are you optimistic about galsgow - we awant to see speringvoard back to paris - thsi is 2

maldives - global finacial ecosystem grren finance still nit congruent

maldives may be small but our geo isuues impact big countriesd in region locally

our people are being given no discuont on green long term finace wheile needing uregent now invetsment eg leap from galsgow

o flaherty - 100 billion fund

specific sectirs needs to paly tehi9r part to o - eg transprorattion

dam erichards

carbon offest marekt needed

we need sustainability accounting principles 

at moment all out professoioan system ad hoc - separated

plouticl expediencey in sgp0rt-trem kepp overtrumping long term action/ pathways - total lack of future now transparecy in most urgently conflicted regionsd

audiemce qs to 

pres join - paria slignemnt july 2023 - detail roadmaps -mdbs in general;; aiib i particular - will a=ib publish this in a climate change action plan ? have other mdbs published theor own and tehor collaborative versions of this

jin -we are tryinh to pulish 1 group plans acrosos mdbs ; but also tarsnaprent country6 plans; it doesnt make sense to do one sumarry as a separate aiib action report at this stage - trying to fit teh win-win pieces (

 we are gearing to clarity bt paris 2023 - want all mdbs to common up with common feramework for thsi treportying ) we are not trailing mdbs

another tough question aiib spends twoce as much on fissin fuells as non fossils - idba regulation chalenge from kate geery - - ea tecommendation -- jin we are financing rebewables now 41%; will be 50% by 2025; in our eergy tratefy - we'll review 2022- over lat 6 uears no coal fired generation ; no coal ever considered; as frr gas reying to help poorest countries with rsnsition - not realistic to ban gas from least dev countries - when we do gas we want it to be transitional prohects

ro dame edwards - ant peogrew with 300 tn --- 

if only we could turn to different urposes -element of truth regulations get in way but aswe advance ssutainablevaccounting, kite mark - we must remember individualws =eed as pebsioners - risk appropritetramlimes ro futire - country by country change in these regulations very slow - in 30 years of work i hacvent seen change of mood like now but devil is in details - doesnt rrelly get it - tesponsibility safeguarding

question to  ameee maldives domingez/philippines

we need 100 bn to help bring down costs of green finance projects any way that is actionable out of our locality-derisk soveregn finance- we4 can make tjos specific - eg coatal projects;;  investment versus grnts - you cant separate - r=think of the goals- the grants need to imprice capavity of the peoples to be the community vitigators - ed skills educatuon , commujity building ; part 2 investmts with a return eg solar; 3rd elent climate finance must be subsidies- eg subisifiese geen to replace coal - there needs be accountability both by users of funds and big countreies responsibilit y to repeat brants incestms=nts subisies 3 different levels of bottom-up conections

more qs to jin

your pledge transparency aiib

1 climate change faster than normal versus bsiness as usual - how does aiib taking bith scenrios into its internalmodels of progrss climate mitigation;; how do we use aiib website to understanf t=your integrate climate model

jin as i say want to see ll mdbs come toge5her one b=voice wat we need at paris alignemnt 2023 - the investments we do are not to be done in business as usual manne;; infrastructure projects must all be adaptative - tech enabled infrastructure can be dufferent - not just old static metrics but combinatial consequence - changing social opportunities towards geen ecosystems - we are innovating non-business as usual projects .... last question how will aiib identify projects that fall in clmate finace - eg covid proects---- -distibuuish clinate vresus covid projects---yes climate an dovid fuancing sustems are not the same - in covid 199 we anted to help sustain health system s - deep basics last mile service and then longer term build forward of their health system ; so countries could deal with futire pandemics (vaccine accesss versus vaccine manufactiring capacity) - when it comes to climate chnage mitgation ist much nire complex 1 focus on renewablesd 2 energy efficiency projecst eg impriving trasnoport to be energy efficiennr 3 new techologies for improving while - what is important for societies to know what we are doing  - we will review our web... good news this is a frank discusion; we are connecting asian and other voices ; more good news we have heard who wants to collaborate; opportnity of ever more transparent- bad news gur=terres we are beond 1.5 - ever more catatrophe - angiesh poorest countries vis a vis rich countries - gap on 100 billion dollar  - thank you to panelists - lets see if after glasgow these sorts of debates rse with participation od all

if 100 bn dollar smoitmment from glasgow=============================

Flagship Seminar - Paris Alignment: Opportunities and Challenges

The 2021 AIIB Annual Meeting will be opened by President Jin Liqun who will give a briefing on AIIB’s priorities for climate finance in support of implementation of the Paris Agreement.

As Asia faces the dual challenges of addressing climate change and development, Paris Alignment will conceive additional business opportunities in shifting toward a low-carbon, climate-resilient and sustainable development pathway. On the other hand, Paris Alignment is not an easy undertaking, which must cater to different national and sectoral contexts and capabilities to ensure that the transition is inclusive and fair. It also calls for unprecedented collaboration between public and private sectors in developing and developed economies to deliver timely impact at scale.

This event will bring together high-level speakers from MDBs, private sector investors and governments, to share their insights on how Asia can grasp opportunities and address challenges to align its future development with the Paris goals on mitigation, adaptation and finance.

Speakers

Mr. Jin Liqun

President and Chair of the Board of Directors, AIIB

Jin is the inaugural President and Chair of the Board of Directors. On July 28, 2020, he was elected to serve a second term of five years, beginning on Jan. 16, 2021. Before being elected as the Bank’s first President, he served as Secretary-General of the Multilateral Interim Secretariat tasked with establishing the Bank. Jin has rich experience across the private and public sectors and with MDBs. He served as Chair of China International Capital Corporation Limited (China’s first joint-venture investment bank), Chair of the Supervisory Board of China Investment Corporation and Chair of the International Forum of Sovereign Wealth Funds. He previously served as Vice President and then Ranking Vice President of the Asian Development Bank and as Alternate Executive Director for China at the World Bank and at the Global Environment Facility. Jin spent nearly two decades at the Chinese Ministry of Finance, reaching the rank of Vice Minister. He holds a master’s degree in English Literature from Beijing Institute of Foreign Languages (now Beijing Foreign Studies University) and was a Hubert Humphrey Fellow in the Economics Graduate Program at Boston University from 1987 to 1988. Jin is from the People’s Republic of China.

H.E. Ibrahim Ameer

Minister of Finance, Maldives

On 17th November 2018, Mr. Ibrahim Ameer was sworn in as the Minister of Finance, Republic of Maldives.

Mr. Ameer has worked at the Central Bank of Maldives, Maldives Monetary Authority (MMA) from April 2008 till June 2011 and during his tenure in MMA, he guided the Research Division in conducting economic analysis of different sectors of the Maldivian economy; and led preparation of Economic Bulletins and Review papers published by MMA. During this time, he also worked as a part-time lecturer for Economics and Microeconomics in various colleges.

He also served the private sector as a General Manager of ADK Trade and Shipping Pvt. Ltd from 28th October 2014 till 7th February 2015and as a Business Consultant from 4th May 2015 till he took charge of office as the Minister of Finance. Mr. Ameer is the Deputy Chairman of the Economic Committee of Maldivian Democratic Party (MDP) and he was also the Chairman of Finance and Treasury Committee formed during the transition period after Elections 2018.

Mr. Ameer obtained his Bachelor’s Degree in International Economics (Hons) from Multimedia University in 2007 and as a Fulbright recipient he completed his Master’s Degree in Economics in 2013 from the University of Nebraska, Omaha.

Hon. Carlos G. Dominguez

Secretary of Finance, Philippines

Mr. Carlos Dominguez has over 40 years of vast experience and an outstanding track record of achievements at the helm of various organizations in the public and private sectors. His expertise was borne out of his experiences as a shareholder, board chairman and a member of over a dozen corporations across multi-industries such as power, agriculture, mining, banking, hospitality, real estate, and investment.

Mr. Dominguez was appointed as Cabinet Secretary thrice: as Secretary of Environment and Natural Resources (1986-1987), Secretary of Agriculture (1987-1989), and currently as Secretary of Finance since 2016.

Under his leadership, the Department of Finance (DOF) was able to draft and introduce to the Congress the first of a series of the Duterte administration’s proposed tax reform packages known as the Tax Reform for Acceleration and Inclusion (TRAIN) Act less than 90 days from the time he assumed the Cabinet portfolio in July 2016. President Rodrigo Roa Duterte signed into law the TRAIN Act on December 19, 2017. This was followed by other successes in the legislature—such as the passage of the Tax Amnesty Act, the Tobacco Tax Reform Law, a new Sin Tax Reform Law which raised excise taxes on alcohol and electronic cigarettes, and the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

On his watch, the Philippines’ key revenue agencies—the Bureaus of Internal Revenue(BIR) and of Customs (BOC) also continue to achieve strong revenue growth rates. It was also under his leadership that the BIR was able to secure its largest tax settlement ever— amounting to about $600 million—from a single taxpayer in Philippine history.

Mr. Ken O’Flaherty

Regional Ambassador of Asia-Pacific and South Asia, COP26

Ken O’Flaherty is the COP26 Regional Ambassador for the Asia-Pacific region. He is working closely with governments, business and civil society across the region to boost climate action ahead of the COP26
Leaders’ Summit which will take place in Glasgow in November 2021.

Ken has recently returned from a posting as Minister in Rome, and has experience in a number of Foreign Office Departments. He has previously served in the British embassy in Tokyo and Paris as well as the former UK Representation to the European Union. Ken has worked on a wide range of issues from climate change and energy to economic, EU cooperation, security, counter-terrorism and migration issues.

Ms. Anne Richards DBE

CEO, Fidelity International

Anne joined Fidelity International as CEO in December 2018 from M&G Investments where she was CEO and a director of its parent company Prudential plc. Anne was appointed a Director of FIL Limited in September 2019. She has worked in the asset management industry since
1992. Anne has almost three decades of experience as an analyst, portfolio manager and CIO and is a strong proponent of ESG investing. Her career path spans many blue chip global names in the financial sector including Alliance Capital, JP Morgan, Merrill Lynch Investment
Managers and Aberdeen Asset Management.

Anne is a Chartered Engineer and began her career as a research fellow at CERN, the European Organisation for Nuclear Research. She is a former chair of the UK Financial Conduct Authority’s Practitioner Panel.
Anne was appointed a Dame Commander (DBE) in June 2021 for services to Financial Services, Women, Education and Science.

Anne holds an MBA from INSEAD and a BSc (Hons) from the University of Edinburgh. She is a fellow of the Royal Society of Edinburgh and holds an honorary degree from Heriot-Watt University.

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