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Rio+20 Business Focus: Strengthening Financial Institutions towards a Low Carbon Economy

By Sabrina Heckler & Marjan Stojiljkovic Climate change poses a global fundamental challenge. Measures to facilitate the necessary structural changes of energy supply and use around the world are manifold and require the engagement of the financial industry. Through its International Advisory Services Department the Frankfurt School of Finance and Management aims to embed UNEP’s green economy agenda in financing institutions’ operations. This led to the creation of the Frankfurt School – UNEP Collaborating Centre for Climate and Sustainable Energy Finance (the Centre). As the public sector’s financial input is quite limited, it is one of the Centre’s main goals to support the private sector in developing countries, transition countries and least developed countries (LDCs) to finance mitigation and adaptation measures. The Centre’s overall approach to prepare Financial Institutions (FIs) to serve the rapidly growing market for energy efficiency and clean energy production is to address internal deficiencies and barriers. These often include a lack of ‘know-how’ and capacities, (e.g. a lack of competencies and abilities of people and organizations) preventing engagement in clean energy production. In order to help FIs overcome these obstacles the Centre provides custom solutions reflective of the local conditions and the individual aims and goals of the FIs, taking into account their future strategic positioning. To encourage practicing greener business models among Micro, Small and Medium Enterprises (MSMEs) the Centre places a strong focus on analysing the unique challenges of the MSME sector considering the needs and requirements of individual countries. Market studies and assessments provide the backbone for the Centre’s aim to [...]

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