2 September 2020 | In a continued effort to support climate change mitigation and adaptation in the Pacific Islands region, the European Union and the New Zealand’s Ministry of Foreign Affairs and Trade jointly invite you to a series of webinars (15, 22, 29 September 2020) bringing financiers, private sector players and public authorities together to discuss investment opportunities in renewable energy, energy efficiency and smart mobility.
The webinars are hosted by the Carbon and Energy Professionals (CEP), a New Zealand-based association of energy efficiency and carbon reduction professionals, and the Pacific Centre for Renewable Energy and Energy Efficiency (PCREEE), a regional centre of excellence to promote sustainable energy investments, markets, industrial development and innovation in Pacific Island Countries, supported by GET.invest in partnership with ElectriFI, the Regional Pacific NDC Hub, SPC, GGGI and GIZ.
It is widely acknowledged that private investment in the Pacific Island Countries (PICs) is perceived as high risk, with stakeholders citing remoteness, limited economies of scale and in some cases the regulatory environment. On the other hand, achieving the NDC targets, increasing energy security, energy access and reaping various energy-related socio-economic benefits while reducing dependency on fossil fuels, requires scaling up by leveraging private investments. While varying business models require a tailored approach, generally, where risks are (still) perceived to be high, innovative approaches combining technological advances, risk mitigation measures and flexible blended financing could balance the risk-return profile.
The webinars provide a platform to discuss opportunities in three sectors: renewable energy, energy efficiency and smart mobility. In addition, the EU Electrification Financing Initiative (ElectriFI) will present its € 8 million Pacific Window’s objectives, criteria and investment process.
GET.invest intends to build on ongoing efforts of active players in the region, including PFAN, PPA, IRENA as well as ADB, AIFFP, IFC and WB among others, and catalyse future collaborations.
Webinar participants also have the opportunity to ‘Meet the Advisor’: an online one-on-one meeting with an investment officer from ElectriFI and/or an advisor from the GET.invest Finance Catalyst. ‘Meet the Advisor’ is an opportunity for project and businesses developers to identify how support could be provided specifically to their venture/project. Contact can be established via the e-mail address: pacific@get-invest.eu
