Monday: Team Goals

RESILIENCE

  1. Redefining Priorities of Goals
    • Adaptation vs. Finance
    • Metrics mix (dollars vs country-level impact)
  2. Internal Awareness, Commitment, and Action on Adaptation
    • Includes everyone
    • Stay open-minded
  3. Change in Ways of Working
    • Simplifying policies
    • Simplifying Business processes
    • Simplifying procedures
    • Be faster & more flexible in response
  4. Risk Mapping (weighted)
    • Holistic
    • Multi-hazard
    • Meaningful, not fragmented
    • Disaster risk joined with DPS
    • SIDS
  5. Defining Terms:
    • Risk
    • Resilience
    • Democratize
  6. ADB — Interface — DMCs

MARKETS

1. Creating market opportunities and using full suite of products to address market failures

2. Extreme collaboration between SOV-NSO 

3. Deeper capital markers with a wider range of instruments for climate

4. Legal / regulatory frameworks for climate financing

5. Readiness of Asian DMCs for global carbon initiatives (eg CBAM)

6. Vibrant market forums established in DMCs

7. Tailoring strategy to country context

STRATEGY

  • Long-term Outcome:
    • Identify low-carbon and climate resilient opportunities using differentiated approaches
  • What can we do now?
    • Share good practices among DMCs (e.g. field trips)
    • Convene at different levels
    • Support climate proof strategies in DMCs
    • Identify key countries and time frames
    • Faster delivery (process reform)
    • More & right people in the right places


NATURE

1. DMCs seek advice from ADB how to invest in nature “ADB the nature bank”.

2. ADB becomes the home of the “nature capital lab” for Asia and provides nature accounting data and tools: “ADB counts nature”.

3. ADB is known for its awareness raising and capacity development program “Nature counts” and leverages sub-regional RCI platforms for that.

4. DMCs have nature accounts as part of Public Financial Management. “Nature as capital”

5. ADB is the “go to” place for vetted and tested innovative financing solutions for nature. This includes short-team solution related to debt sustainability and long-term sustainable solutions that keep nature in DMCs the planning and  investment agenda.

ENERGY

  • Long-term Goals for DMCs
    • Development of Legal, Policy, and Market Environment that drives private investment in clean energy (and other goals)
    • Enhance Regional Coordination and Integration
  • Short-Term Goals for ADB Energy Team
    • Vastly increase commitment to knowledge services, e.g. TA resources for improving legal and market environment for energy investments
    • Advocate for more capital resources to support energy projects that will crowd in private capital
      • ADB halo, skin in the game
    • Be a trusted regional standard-setter and thought leader

FINANCE

  • Enhance ADB’s financing capacity through
    • expanding our shareholders base and bringing in more capital
    • (mobilize private sector capital through structured finance and capital markers
  • Take on more risks, including offering products such as climate risk insurance, setting up and growth of carbon markets
  • Help a common set of best practices in disclosure standards, impact assessment in our member countries
  • Facilitate progress on carbon pricing as well as incorporate climate risk in our project pricing