28 - 29 November | Shangri-La Eros, New Delhi

Sponsors

Supporting partners

Hydrogen Association
of India
 "[...] The developing world will need $5.9 trillion till
2030 for its Nationally Determined Contributions,
and an additional $4 trillion each year for clean
energy technologies to meet zero emission goals."
Amitabh Kant, G20 Sherpa, Government of India

Empowering Global South: The Revolution of

Climate Finance and Energy Transition
Championing Ambitious Climate Finance Paradigms
The Climate and Energy Transition Finance Summit serves as a global platform for
ground-breaking financing paradigms, enabling nations in the global south to fulfil their Nationally
Determined Contributions (NDCs) in their journey towards a net-zero future. Recognizing the need
for unprecedented funding, this summit redefines the financing landscape. Despite developed
countries nearing their commitment of providing $100 billion annually to developing nations, the
G20 Delhi Declaration calls for a paradigm shift. It proposes establishing a New Collective
Quantified Goal (NCQG) beyond 2024, emphasizing that $100 billion is merely the starting point,
not the limit.

Four Pillars of Transformative Financing

This summit introduces innovative approaches to climate finance, underpinned by four core
principles:
Constructing the new Investment Paradigm: A new financing framework is required that
underpins the NCQG, ensuring the delivery of the capital needs of the global south.
Unlocking Institutional Finance: The deepest capital pool in the world must play a crucial and
responsible role in energy transition and delivering finance for both mitigation and adaptation
measures.
Blended Finance to the Fore: Rather than the exception, blended finance must become the norm
to reduce the financing risks and corral private capital to accelerate decarbonisation.
Redefining Carbon Markets: The carbon credit, potentially the main instrument in the mitigation of
emissions needs complete redesign perhaps with the introduction of green credits.

Powering the Future with Ideas and Initiatives

Leading into COP-28, the Summit is set to release a series of papers, including the "Library of
Financial Structures and Instruments," "Blended Finance Approaches for the Global South," and
drafts on "Unlocking Institutional Capital" and "Carbon Financing and Green Credits for the Global
South." These innovative bodies of work shall collectively support global climate and energy
transition financing efforts.

A Collaborative Multistakeholder Initiative

This summit is a gathering of influential global financiers, policymakers, industry leaders, and
think-tanks. Together, they will deliberate on and initiate groundbreaking ideas in climate finance,
working towards a future powered by innovative financial solutions.
Key Outputs

Action-Packed Days
• Day 1 (Plenary Sessions): Unveils the pivotal shifts needed in climate finance, addressing the
trillions required to meet NDCs, the role of institutional capital, and the mainstreaming of
blended finance.
• Day 2 (Leaders’ Dialogue, Townhall and workshops):Multi-format and highly interactive
sessions led by key stakeholders from government, industry, civil society, and academia, pave
the way for actionable solutions.
• Closing Valedictory: Concluded in partnership with Brazil, South Africa and other nations from
the Global South reaffirming the commitment to a sustainable energy transition.
• Launch of Climate Finance and Energy Transition Impact Projects Group: Bring forth a shelf
of bankable projects with high degree of investment readiness levels.
• Networking Reception: A culmination of ideas, partnerships, and transformative energy.
• The Climate and Energy Transition Finance Summit heralds a new era in climate finance,
blazing a path for nations in the global south to leap forward in their sustainable development
journey.

Going into COP-28, the Summit will release the following papers, that will be
available exclusively to the Summit attendees:
• Library of Financial Structures and Instruments to enable climate finance and accelerate
green transition
• Blended Finance approaches for the Global South
• Working draft 1: Unlocking institutional capital
• Working draft 2: Carbon Financing and Green Credits the global south

Summit Participation
Is strictly by invitation only. To request your participation please submit your expressions of
interest here.

Summit Partnerships
Organisations that are keen to be a strategic partner to the 2023 Summit and subsequent
programme of activities should reach out to the Summit Secretariat on: india@gh2.org

Media
Media accreditations will open on 20th of October.
 Session Speakers

Mr. Atanu Chakraborty

HE Raj Kumar Singh* HE Amitabh Kant Mr. Tarun Kapoor HE Malcolm Turnbull HE Philip Green OAM HE May-Elin Stener*
Chairman,
Minister, MNRE G20 Sherpa, Special Advisor, Chairman, The Green Australia’s High Norwegian
HDFC Bank
Government of India PMO Hydrogen Organisation Commissioner Ambassador
to India to India and Sri Lanka.

Senator Dr. PKC Bose Mr. Vineet Mittal Mr. Erik Solheim Mr. KR. Jyothilal Mr. Rajat Seksaria Mr. Jonas Moberg Mr. Gagan Sidhu
Founder, Chairman Former Executive Additional Chief Secretary CEO, CEO, The Green Director
ENREGO Energy GmbH i.G. Avaada Director, UNEP Dept. of Energy Green Hydrogen and Hydrogen Organisation CEEW-CEF
Govt. of Kerala Derivatives Adani

Mr. Dhruba Purkayastha Mr. Dolf Jean Gielen Dr. Prasad Chaphekar Ms. Nivruti Rai* Mr. Subhash Kumar Mr. Rey Guarin Ms. Veronica Scotti*
Director, Climate Senior Energy Economist Deputy Secretary MD and CEO, Director Technical Advisor Chairperson, Public Sector
Policy Initiative and Hydrogen Lead, MNRE Invest India ACME Green Climate Fund, Solutions, Swiss Re
The World Bank Philippines Management.

Mr. Ravi Kapoor Mr. T.N. Giridhar Mr. Guneet Banga Ms. Katherine Dr. Vinod Tare Mr. Abhishek Sharma Mr. Hirander Misra
Partner Managing Director Director Stodulka* Founding Head Associate Director Chairman
cGanga, IIT-Kanpur Macquarie Asset GMEX Group, UK
Parinama Ventures Impactirr Caravel Group, HK Systemiq, UK Management

Mr. Amit Sengupta Ms. Olivia Oo* Mr. Anil Dhaka Mr. Jatinder Cheema Mr. P K Sinha Mr. Kavin Kumar Mr. Rolf Behrndt
Head of APAC Partner, Projects, Executive Director Kandaswamy Senior Hydrogen
Corporate Finance Managing Director Energy & Natural Resources, Power Finance
Avaada Group Partnerships at
RRECL CEO, Proclime Advisor, GIZ
Breakthrough Energy Cyril Amarchand Mangaldas Corporation Ltd

Mr. Anirban Kundu Mr. Sanmit Ahuja Mr. Nishaanth Mr. Wale Shonibare Mr. Amit Kumar Mr. Vivek Sharma Mr. Tarun Shankar
Co-Director, Senior Advisor Finance, Balashanmugam Director - Senior Investment Head-Energy Senior Investment Professional at
The Green Hydrogen Energy Financial Solutions, International Finance Corporation,
IGEF Country Manager - India, Operations Specialist, Strategy Group, The World Bank Group
organisation The Green Hydrogen Policy & Regulation
African Development Bank AIIB Adani
Organisation

Ms. Vibhuti Garg

Director,
South Asia at IEEFA
Day 1: Plenary Sessions

09:00-09:45

09:45-09:55 Mr. Sanmit Ahuja, Sr. Adviser - Finance, GH2

10:00-11:15

As there is a growing recognition that the quantum of capital required for the global south’s energy transition
is significantly higher than previously estimated, the need to look at financing through a different prism has
never been greater before. This session will put forth the following macro-arguments that will set the stage
for the Summit:

Institutional Capital De-Risking: Institutional capital is poised to provide the necessary financing, but it requires
de-risking.
Blended Finance for Emerging Economies: The global south requires blended finance and a range of financial
instruments as primary form of financing with a range of guarantee instruments and concessionary debt.
Establishing Carbon Pricing: Establishing and enabling the price of carbon is imperative for driving
climate finance.

11:15-11:30

11:30-12:45
Efforts have to be increased by all parties in developed and developing world to increase the flow of institutional
capital into the global south. This session will highlight the barriers and recommend solutions to stimulate the flow
of institutional funds:

Impact of Interest Rates and Inflation: What is the impact of global interest rates rise and high inflationary
environment on the propensity of institutional investors to fund high impact climate and energy transition projects
in India and other emerging economies?
Scaling Institutional Capital: Institutional capital requires scale. Is there a need for large aggregation platforms
to channel funds to developing markets?
Collaborative Roles: Is there less of transactional and more of a collaborative role that can be forged between
governments and institutional investors ?

Nearly two-thirds of the global emissions are generated in emerging markets. However nations in the global
south do not generate enough capital surpluses to finance their energy transition. Therefore mobilising private
capital will not only be essential, but mission-critical to the success of global energy transition agenda.
This session will cover:

Attracting Private Capital: Private capital requires returns commensurate with the risk it is taking. How can
global development finance institutions develop standard products that can make it attractive for a much larger
pool of investors to participate in the climate transition projects?
Policy Impediments: There are policy impediments in rolling out blended finance structures and instruments.
Central Banks, banking and insurance regulators will need to work together with development finance institutions
to facilitate ready availability of blended-finance.
New Climate Finance Architecture: Is there a need for a new climate finance architecture, where blended finance
becomes the norm?
Day 2: leaders’ Dialogue, Townhall and Workshops

09:30 - 10:30 Market Making for Green Hydrogen and Structures to

enable institutional capital
Taking cues from the first session of the Summit, this workshop will delve deeper into market-making
mechanisms and unlock institutional capital.

For the Green Hydrogen sector, the role of a “market-maker” has been identified as the most critical
intervention that Governments can make. This will jumpstart the market but requires careful structuring
and will put forth the framework for establishing such a platform.
For the wider energy transition sector, unlocking institutional capital is critical to attract financing
for decarbonisation of industries. What are the essential steps emerging market nations need to
take to become highly attractive to institutional investors?

10:30 - 11:15 Financing Technology Acceleration

The global community cannot solely rely on just paying carbon taxes in any form to mitigate greenhouse gas
emissions as it endeavours to decarbonize industries. Placing emissions reduction at the forefront is essential,
and the sole means to expedite the commercialization of climate technologies.

However, This session will cover:

- What are the impediments technology innovators face when commercialising their solutions?
Bringing technologies to market require a new investment asset-class as in “infrastructure venture investor”.
- What are the contours of this investment strategy?

This session with a high level panel will offer deep insights into the current thinking of the decarbonisation
strategy of policy makers, industry and investors

- Is India on target to achieve its 2030 renewable energy and green hydrogen goals?
- What are the major risks, both macro and micro that may hinder India’s ambitions to decarbonise?
- How can Government, industry and investor community collaborate to ensure that the decarbonisation
targets are met and impediments removed?

Lunch

Addressing risks through innovative financial structures and instruments is crucial for developing a
shelf of bankable projects. The session explores model constructs for green hydrogen and energy transition
projects, emphasizing India's potential as a hub for decarbonization lighthouse projects. It also considers
how India can showcase the pathway to decarbonization for the global south and explores global
collaboration models to accelerate project development cycles.

“For years, the World Bank Group, governments, and other multilateral institutions have tried -
and fallen short - to mobilize meaningful private investment in emerging markets. Given the
urgency and scale of our interwined challenges, we must try a new approach - and the World
Bank Group has a central role to play in this effort by using its resources, convening power and
knowledge to catalyze private capital more effectively.”

Ajay Banga, World Bank Group President

Steering Committee
Erik Solheim KR Jyothilal Sanmit Ahuja
Guneet Banga Nishaant Balashanmugam Simran Sinha
Inês Schjølberg Marques Prof. Naik Narayan Subhash Kumar
Jas Sohl Rajiv Kapahi Sujit Jena
Jonas Moberg Ravi Kapoor TN Giridhar
Kavin Kandasamy Kumar Rolf Behrndt Tobias Winter

To get your physical passes, click here

To get your virtual passes, click here
Email us at india@gh2.org

The Green Hydrogen Organisation’s members and partners in India include the state
governments of Tamil Nadu, Kerala, Karnataka, Rajasthan, Uttar Pradesh, Telangana, Fortescue,
International Solar Alliance, India Energy Storage Alliance, SEPA, Adani, ACME, Proclime, ReNew,
DSK Legal, Penguin Solar, NESFI, and Youth for India Foundation. We also work closely with our
friends at the World Bank, ADB, IFC, KFW, IGEF, GIZ,WRI, CEEW Innovation Norway and Hydrogen
Association of India.