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Page 1: 3GF Report Resource Efficiency and Growth

ReportGlobal Green Growth Forum 8-9 October 2012, Copenhagen

Resource Efficiency and Growth

Page 2: 3GF Report Resource Efficiency and Growth

3GF Secretariat:E-mail: [email protected]: +45 33 92 00 00www.globalgreengrowthforum.com

Postal address:Ministry of Foreign Affairs of DenmarkAsiatisk Plads 2DK-1448 Copenhagen K

Publisher:Ministry of Foreign Affairs of Denmark

Design: Monokrom

3GF PartnersOfficial Corporate Partners Government Partners

Corporations Institutional

Media Partners 3GF Organisers

2

Page 3: 3GF Report Resource Efficiency and Growth

The Global Green Growth Forum 2012 confirmed its

strength as a forum for exchanging ideas and foster-

ing concrete cooperation on speeding up the transi-

tion to a green growth path. On October 8-9 2012,

250 leaders from around the world, representing

government, business, international organizations,

and civil society, came together to discuss how to ad-

vance this transition. Against the backdrop of the

global economic slowdown, focus was naturally on

new sources of growth and job creation and clearly

green growth offers such a potential while at the

same time reducing the negative impact on the envi-

ronment and resources. The Global Green Growth Fo-

rum in Copenhagen showed that there is a strong

commitment and leadership amongst some of the

world’s key public and private decision-makers on

driving the green transition forward.

In this report we have the pleasure of sharing with

you the highlights from the nearly 40 interactive

sessions that took place during the 2-day forum, all

focussing on how to achieve better resource effi-

ciency through public-private cooperation across

sectors and countries at the national and interna-

tional level. I would like to extend my sincere grati-

tude to the many people who came to Copenhagen

and contributed to bringing forward green growth

through concrete action. Together with our partner

countries the Republic of Korea, Mexico, China, Ken-

ya and Qatar, Denmark is committed to continue to

follow up on the many recommendations and actions

arising from the Forum including in relevant interna-

tional processes.

The Danish Government looks forward to working

with our many partners over the next 12 months and

to once again welcome green growth leaders in Co-

penhagen for 3GF 2013 that will take place 21-22

October 2013.

Preface

Villy SøvndalMinister for Foreign AffairsDenmark

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Page 4: 3GF Report Resource Efficiency and Growth

Index 3 Preface

5 Programme 3GF2012

6 Summary of Proceedings

10 PPP Sessions

26 Plenary Sessions

34 In Conversation Plenaries with Green Growth Leaders

46 Country Sessions

54 Breakfast Sessions

62 Opening Statements

• Ms Helle Thorning-Schmidt, Prime Minister, Denmark

• Mr Hwang-sik Kim, Prime Minister, Republic of Korea

• Mr Juan Rafael Elvira Quesada, Minister for Environment and Natural

Resources, Mexico

• Mr Liu Qi, Vice Minister National Energy Administration, China

• H.E. Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister, Chairman of

the Administrative Control and Transparency Authority, Qatar

• Hon. Prof. Peter Anyang’ Nyong’o, Minister of Public Health, Kenya

78 Official 3GF Dinner speech

• Mr Jeremy Oppenheim, Director, McKinsey& Company

86 List of participants

Page 5: 3GF Report Resource Efficiency and Growth

DAY

MONDAY8 October 2012

1

Opening session

Resource Efficiency and Growth : Plenary Hall

Break

Country sessions:

Morocco

China

Turkey

Indonesia

Germany

Brazil

Break

In Conversation Plenaries with Green Growth Leaders: Making Resource Efficient Growth Inclusive

Green Finance

Sustainable Cities

Innovative finance for energy efficiency in buildings

International Cooperation

Energy for All

Green Job Creation

Break

PPP Strategy Sessions

C40 Cities and Green Growth

Energy Efficiency Finance

Water - action in developing countries

Bio-based Growth

Natural Capital Accounting

Break

Technology and Green Growth: The quantum change

Programme

A

A

A

B

B

B

C

C

C

D

D

E

E

E

F

F

F

09:00-10:00

10:00-11:30

11:30-12:00

12:00-13:30(Lunch served in sessions)

13:30-13:45

13:45-14:45

14:45-15:15

15:15-17:00

17:00-17:45

17:45-18:45

Breakfast Sessions

Food Futures

Green Innovation Project

Biofuels for Aviation

Green Business Models

Green Growth Best Practices Initiative

Hydrogen for TransportOdd Fellow Palace (Across the road from Moltkes Palace)

Mega-Partnerships: Blending International and Local Collaboration for Scaled Impact

Break

PPP Strategy Sessions

Cities and Urban Water Leakage

Power System Transformation

Energy Efficiency Indicators (Motor Systems)

Trade to Scale up Renewable Energy

Financing Green Growth

Procurement and Private Finance Initiatives

Break

In Conversation Plenaries with Green Growth Leaders: Breakthroughs for Resource Efficient Growth

Water Security

Renewable Energy and New Business Models

Capital Markets

Economic Growth Strategies

Closing session: Reflexions on the way forward

A

A

B

B

C

C

E

D

R

E

F

O

A

C

D

F

08:00-09:30

09:45-11:00

11:00-11:30

11:30-13:15(Lunch served in sessions)

13:15-14:00

14:00-15:00

15:15-15:45

DAY

TUESDAY9 October 2012

2Programme

5

Page 6: 3GF Report Resource Efficiency and Growth

The 2nd Global Green Growth Forum took place on

8-9 October, bringing together 250 business, public

and civil society leaders committed to advancing in-

clusive green growth. The fragile global economic re-

covery remains an important and challenging back-

drop, but the assembled leaders recognise that as

growth picks up again across the globe, there cannot

be a return to business as usual. Acknowledging the

deliberations and outcomes of 2012 G20 Summit in

Los Cabos and in particular Rio +20, the discussion

focused on concrete actions to contribute to the im-

plementation of “The Future we want”. Sustainable,

inclusive growth patterns must be rapidly established

to ensure that prosperity can be sustained also in the

long run.

The Global Green Growth Forum is a unique platform

to catalyse partnerships that can rapidly bring to

scale green growth opportunities. Realizing the po-

tentials of green growth requires the effective mobi-

lization at scale of financial, technological and human

capital. This will only be possible if governments and

the private sector collaborate at the local, national

and the international levels to overcome barriers, and

create the right incentives for actors to innovate and

invest.

The Global Green Growth Forum was opened by the

Prime Minister of Denmark, Helle Thorning-Schmidt,

and by the partner countries represented by the

Prime Minister of the Republic of Korea, Hwang-sik

Kim, and the Minister of Environment and Natural Re-

sources from Mexico, Juan Rafael Elvira Quesada.

Then followed speeches by the new partners: Vice

Minister National Energy Administration from China,

Liu Qi; Chairman of the Administrative Control and

Transparency Authority of Qatar and the Incoming

President of COP18, HE Abdullah bin Hamad Al-Atti-

yah; and the Minister for Medical Services from Ken-

ya, Peter Anyang’Nyong’o. The broad geographical

composition of the partner countries underscores the

global relevance of the issues discussed at the 3GF

and the interest in pursuing sustainable solutions

through international collaboration and building of

new alliances.

The overarching theme of the 3GF 2012 was resource

efficiency and growth. Recognizing that a return to

higher growth rates and employment continue to be

at the forefront of politics across the globe, the 3GF

2012 explored the economics and the broader politi-

cal economy of green growth. The Forum found that

greening the global economy offers opportunities for

businesses, communities and nations. This is under-

pinned for example by the growing markets in clean

technology and renewables. Furthermore, going

green through enhancing resource efficiency and pro-

ductivity is increasingly seen as important parts of

improving competitiveness both at company and na-

tional level. The need to work with green growth is-

sues at the city and regional level was highlighted,

such as the suggestion from IADB to collaborate with

the Global Green Growth Forum to boost green

growth also in the Caribbean and the Latin-American

region.

There was a need to increase the sense of urgency to

act. Arguments for postponing the transition efforts

until after the current economic crises were dis-

missed by compelling evidence, presented by various

institutions during 3GF, that the cost of inaction

would be even greater.

Leadership from all stakeholders is needed to speed

up the transition to green growth, taking into account

national priorities. In particular political leadership

was needed to create an enabling framework for

businesses to act. The political economy of green

economy will need to be understood when moving

forward to ensure broad support. The importance of

social mobilization in support of green growth was

underlined.

Closing the gap in financing for the transition to a

green growth pathway was highlighted as one of the

most urgent needs. Key is to catalyse private invest-

ment through financial innovation, and leverage

scarce public finance and ensure investment grade

public policies. The need to reduce fossil fuel subsi-

dies and divert investments currently flowing into

carbon intensive development into green growth was

Summary of Proceedings

6

Page 7: 3GF Report Resource Efficiency and Growth

highligted. Several partnerships launched and pro-

gressed at the 3GF were specifically about financial

innovation, with particular focus on energy efficiency

financing and the design of more effective financial

instruments for ensuring country and political risk.

Climate change and natural resource depletion dispro-

portionately impact poorer countries with developing

countries facing the gravest consequences whilst

lacking resources to address these impacts of upscale

opportunities. The 3GF emphasised the inclusiveness

aspects of the green growth agenda when designing

new initiatives.

Technological innovation and in particular disruptive

innovations are essential elements in the transition

to green growth, as well as diffusion and adaption of

green technologies, particular in developing coun-

tries. Key is new ways of bringing known and new

technologies together, changing services provided,

and use ICTs more effectively to advance integration

e.g. smart cities, smart girds etc. The importance of

good framework conditions was highlighted. It was

pointed out that carbon pricing remain essential in

promoting low carbon technologies and technologies

to enhance resource efficiency.

The 3GF also offered an opportunity to review recent

years’ experience with mega-partnerships involving

private and public actors also at a global scale. These

Mega Partnerships, that include Sustainable Energy

for All (SE4All), the Green Growth Action Alliance

(G2A2), the Global Dry Land Alliance (GDLA) and the

Water Resources Group (WRG), exemplify how to cre-

ate large scale partnerships, international impacts

and outcomes. At the same time, the discussion em-

phasized the importance of local solutions and local

implementation, the need to have a dedicated core of

public and private organisations involved, to stay fo-

cused on where the partnerships can make a differ-

ence, keep flexible and ensure broad distribution and

uptake of lessons learned.

Recognizing that there is not one model for achieving

green growth, the Forum featured discussions of rel-

evant experiences from six countries: Brazil, China,

Germany, Indonesia, Morocco, and Turkey. In order to

exploit the unique character of the 3GF, the focus

was on public private partnerships in bringing forward

sustainable solutions at country level. The sessions

facilitated cross country learning and pointed to com-

monalities for advancing green growth at country lev-

el, including political leadership, private sector entre-

preneurship, and innovative financing schemes.

3GF provided an exceptional opportunity to engage

directly in dialogue between high-level business and

political leaders through a number of smaller plenary

settings. High level speakers `stepped off the stage`

and spent 60 minutes probing, and being probed, on

their role, experience and hopes for advancing green

growth through public-private collaboration across

sectors. These smaller plenaries was staged in two

series over the two days, focusing on the following

themes, Day One: “Making Resource Efficient Growth

Inclusive” and Day Two: “Breakthroughs for Resource

Efficient Growth”.

3GF 2012 featured Public Private Strategy Sessions

designed to explore and bring forward concrete sug-

gestions and recommendations on aspects of green

growth where public and private action is needed. 11

Public Private Partnerships were discussed and

brought forward. They are all presented in the annex.

Highlighted outcomes from the sessions include:

3GF launched a public private partnership to ac-celerate policy innovation in support of power sector transformation. This Partnership is based on

the 21st Century Power Partnership (21 CPP). Recog-

nizing the critical role that the power sector plays in

achieving green growth, the Partnership will engage

the private sector in advancing policies for reliable,

affordable, equitable, and clean electricity systems.

National Renewable Energy Laboratory (NREL) is

leading this initiative.

3GF pioneered a European PPP on promoting sustainable bio-based growth through securing fi-

nance for shared research and innovation facilities to

7

Page 8: 3GF Report Resource Efficiency and Growth

the amount 3.8 billion EUR. The importance of reach-

ing to civil society was recognised. The partners in-

clude the European Commission, Novozymes and oth-

er bio-based industries.

3GF launched a new PPP on energy efficiency finance. This aims to create a new market for energy

efficiency services in industries through the banking

system. This will facilitate senior management’s deci-

sion making on concrete energy efficiency invest-

ment. Key partners are Institute for Industrial Produc-

tivity, Global Green Growth Institute and HSBC.

3GF progressed a PPP on procurement and pri-vate finance initiatives that will put in place pro-

jects to position public procurement as a driver for

green growth. The PPP is led by International Insti-

tute for Sustainable Development and includes part-

ners from public sector (i.e. State Government of Sao

Paulo, Brazil), private sector (i.e. Philips, Danfoss, Abu

Dhabi Sustainability Group).

3GF launched a new PPP on Energy Efficiency Indicators in the area of motor systems, which rep-

resent a huge and largely untapped, cost-effective

source for industrial energy savings. Development of

indicators will help decision-makers and industry in

rapid deployment of EE measures. UNIDO and Global

Green Growth Institute is leading this initiative and

reaching out to private sector.

Possibilities for new public private partnerships were

explored in a number of informal breakfast sessions.

There was great interest in exploring further possibil-

ities for establishing partnerships in the areas of food

future to reduce food loss and waste; green innova-

tion, biofuels for aviation and green business models.

These potential partnerships will now be further de-

veloped with a view to bringing them forward in the

context of the 3GF. Moreover, the sessions also illus-

trated and discussed best practises and show-cased a

concrete green solution: Hydrogen cars.

The Way Ahead The conclusions and insights from the 3GF 2012 will

be brought into high level international discussions

and forums on sustainable development and green

growth. This includes the UNFCCC COP 18 to take

place in Doha, Qatar; and the further development of

the Mega-Partnerships. Particular emphasis will be on

bringing sustainability aspects and green growth

knowledge and practices into the process initiated to

develop sustainability development goals.

The participants agreed to continue the work to con-

cretize and bring into action the many recommenda-

tions arising from the 3GF 2012 green growth agenda

and to meet again 21-22 October 2013 to review pro-

gress and devise new actions.

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PPP SessionsOutcome from the PPP Strategy Sessions at 3GF2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12

C40 Cities and Green Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14

Energy Efficiency Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15

Water - Action in Developing Countries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16

Biobased Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Natural Capital Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18

Cities and Urban Water Leakage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19

Power System Transformation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Energy Efficiency Indicators (Motor Systems) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21

Trade to Scale up Renewable Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22

Financing Green Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23

Procurement and Private Finance Initiatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

10

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Outcome from the PPP Strategy Sessions at 3GF2012C40 Cities and Green Growth: The C40 Green

Growth Network chaired by the City of Copenhagen

had its first gathering at 3GF. The aim is to promote

best practices to cities around the world on how cit-

ies, the private sector and knowledge institutions can

work together to attract investments and create jobs

while addressing environmental challenges. Going

forward from this meeting, the partners agreed on

cities’ key role in advancing green growth and the im-

portance of political leadership and emphasising the

need for support at the national level.

Energy Efficiency Financing: Building on a Europe-

an Bank for Reconstruction and Development (EBRD)

model, the PPP initiative led by The Institute for In-

dustrial Productivity and the Global Green Growth In-

stitute, will create a new market for energy efficiency

services in industries through the banking system – a

model that, in principle, can be developed and applied

in any country or region. The PPP will address a num-

ber of key barriers to energy efficiency awareness in

industries that utilize bank finance: at management,

financing, and technical levels, with the aim of inte-

grating EE finance into standard banking operations.

Water – Action in Developing Countries: Partici-

pants explored how national water partnerships in

the least developed economies can be supported by

best-practice economic analyses, water management

activities and public-private partnerships in industri-

alised and emerging economies. Drawing on the col-

lective experience of participants, examples of suc-

cessful pilot projects and business models operating

in developing countries, key elements and successful

factors were identified to help define and develop a

PPP strategy that will support governments of devel-

oping countries in managing water while respecting

the need for sustainable growth. The Water Resourc-

es Group will champion further development of such a

strategy as it moves into its next phase of activities.

Bio-based Growth: A European PPP for accelerating

transition to a bio-based economy is being pioneered

between a large range of bio-based industries and

the European Commission with the aim of accelerat-

ing innovation and research, boosting market uptake

and public awareness of bio-based products. The in-

tension is to secure financing for shared research and

innovation to the amount of 3.8 billion EUR. Partici-

pants discussed overall objectives and long term vi-

sion as well as key milestones and prerequisites for

effective realization of the PPP.

Natural Capital Accounting: Participants discussed

possible ways in which the public and private sectors

can collaborate to include natural capital value in the

accounting and decision-making of financial institu-

tions and companies. It was agreed to continue the

formulation of a framework and methodology to ac-

count for and report on natural capital to ensure that

what preserves the value of nature does not impede

economic growth of business. The International Fi-

nance Corporation (IFC) of the World Bank Group,

World Business Council for Sustainable Development

(WBCSD), Brazilian Development Bank (BNDES), Al-

stom and DSM, agreed to further the continued pro-

cess.

Cities and Urban Water Leakage: Urban water

managementhas been identified as an area in which

public-private partnerships have significant potential

to accelerate resource efficiency. The key partners for

establishing a partnership to demonstrate best prac-

tice on cities and urban water leakage were dis-

cussed. Following from this a Memorandum of Under-

standing is expected to be signed between

Copenhagen and Hanoi within a few months with the

purpose of significantly reducing water leakage in

Hanoi

Power System Transformation: The 21st Century

Power Partnership (21 CPP) – an intergovernmental

initiative on the power sector - was launched in April

2012 and taken a step further at the 3GF. The aim of

the partnership is to facilitate the transformation of

the power sector - a key objective in achieving green

growth. Parallel deployment of renewable energy and

energy efficiency will constitute 65% of avoided

PPP SESSION

12

Page 13: 3GF Report Resource Efficiency and Growth

emissions by 2035, an ambitious goal requiring tar-

geted investments in smarter grids and dedicated col-

laboration between electricity providers, grid opera-

tors, regulators and equipment manufacturers. The

aim of the PPP is to address the key barriers, help

identify and promote smart policy and regulation, en-

courage investment and facilitate much needed mul-

tilateral public-private information sharing and ex-

change of best-practice green growth solutions.

Participants particularly focussed on how to effec-

tively engage the private sector in the transforma-

tion.

Energy Efficiency Indicators (Motor Systems): A

PPP initiative was launched by the Global Green

Growth Institute (GGGI) and the United Nations Indus-

trial Development Organization (UNIDO) on energy

efficiency indicators in the area of motor systems to

promote the rapid deployment of EE measures and

guide effective policy measures. Motor systems rep-

resent a huge and largely untapped, cost-effective

source for industrial energy savings that could be re-

alised with existing technologies. Potential savings

amount to 10-15% corresponding to 120 billion USD

in annual savings by 2030. The overall objective of

the PPP is to develop indicators and promote the up-

take of indicator-based systems for monitoring and

benchmarking performance and progress over time at

industry as well as country/regional level. Participants

discussed how best to engage the private sector and

how to secure speedy adoption at scale of motor-sys-

tem EE indicators.

Trade to Scale up Renewable Energy: A sustaina-

ble energy to trade initiative was launched at 3GF in

2011 by ICTSD, the Green Growth Institute and part-

ners in cooperation with the Government of Denmark.

Since then progress has been made at intergovern-

mental level. At this session participants examined

possible co-operations at operational level between

companies, civil society, and governments. The pur-

pose of this is to advance rules-based international

frameworks on trade to enable efficient chains of

supply in sustainable energy goods and services. This

again is aimed at boosting the use of renewable ener-

gy sources and making access to energy for all, viable.

Financing Green Growth: Significant investments

are required to support a green growth transition that

meets emerging energy and infrastructure needs sus-

tainably. For this to happen new strategies are re-

quired to overcome the numerous risks which impede

green capital investments. Participants discussed real

and perceived risks associated with green capital in-

vestments, the effectiveness of existing and poten-

tial instruments to mitigate risks and sought to pro-

pose a concrete process or product to stimulate green

infrastructure investments. The session also explored

areas of possible collaboration between the Climate

Policy Initiative and the Green Growth Action Alliance

(G2A2), a coalition of over 50 businesses, public- and

private finance providers launched at the 2012 G20.

Procurement and Private Finance Initiatives: The Partnership for Procurement and Green Growth

was initiated at 3GF 2011 with the aim of encourag-

ing governments to use their purchasing power to

stimulate green investment, production and innova-

tion across domestic and global value chains. Its flag-

ship report ‘Procurement, innovation and green

growth: The story continues’ was launched to identify

lessons learnt and determine the effectiveness of

green public procurement as a growth driver. The aim

of the partnership is to influence laws, policies and

programmes to make them act as catalysts for green

innovation and growth. Participants discussed ex-

plored how the Partnership needs to work to scale up

public procurement as a green growth driver.

PPP SESSION

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C40 Cities and Green GrowthParticipants discussed how cities can and must lead

the green growth transformation. Mayors control sig-

nificant assets, they have an ability to tailor the exact

needs of their city and they hold high credibility to-

wards their citizens in terms of ensuring basic life qual-

ity. However interaction with the national regulatory

framework is important. A case in point are the nation-

al procurement rules, which can limit the possibility of

cities to initiate innovative approaches.

Participants agreed that cities need to use their strong

political visions and ambitions in the climate area as a

starting point for engaging with private stakeholders

to develop both best practices and next practices. Fur-

ther, it was agreed that involvement and ownership

from the citizens is a key prerequisite to achieve longer

term support for green growth initiatives.

The GGGI study on existing green growth solutions in

cities, presented in the session, revealed that 95 % of

the 90 surveyed cities interviewed believe that green

investments will generate economic growth. However,

more than 50 % feel that their national framework

poses barriers to allow them to fully pursue this poten-

tial. Among the cities 32 % perceive themselves as

green, while 45 % are in early phases.

Participants agreed that the economic potential of

green growth can be of value to advance the political

case for green investments. However, it can be difficult

to quantify all advantages and Participants warned

against a development where issues which cannot be

quantified are not recognized as being of any value. It

was pointed out how green growth is value based and

requires political leadership and visionary goals.

The business sector recognized growing urbanisation

as a Megatrend with future business potential, and

confirmed that they are starting to adapt their compa-

nies to deliver to this Megatrend. The private sector

should consider how it can support cities in finding

solutions.

Case studies were presented from the cities of Copen-

hagen and Yokohama on their experiences of pursuing

a green growth strategy. Both mayors testified to the

need for a strong dialogue and cooperation with the

private sector. In Copenhagen this was achieved

through the Copenhagen Cleantech Cluster that could

work as a mediator between the public needs and the

private solutions.

Participants agreed on the following recommenda-

tions/actions:

• Political leadership is key both at the local and national level: National framework need to

enable cities to show leadership. Cities experi-

ence first mover advantages.

• Finance is key: Public spending is needed to gear

and secure private funding. The private sector is

looking for long term engagement and political

commitment.

• Regulation is key: National regulatory frame-

work must facilitate green development. Compact

city planning – strong regulation. City must set

high standards.

• Partnership building is key: City governments

can act as matchmakers – help building the part-

nerships, and these partnerships are key for ac-

tion to happen.

Moderator: Mark Watts, Director, ARUP

Panellists:Frank Jensen, Lord Mayor, Copenhagen

Fumiko Hayashi, Mayor, Yokohama

Graham Floater, Director, Climate Centre

Rohit Aggarwala, Special Advisor to C40 Chair Mayor

Michael Bloomberg

Jukka Pertola, CEO, Siemens, Denmark

Matthew Lynch, Project Director, World Business

Council on Sustainable Development (WBCSD)

Organiser and contact persons City of Copenhagen

Claus Bjørn Billehøj, Head of Divison, City of

Copenhagen, [email protected]

Signe Gaarde, Senior Advisor, City of Copenhagen,

[email protected]

14

PPP SESSION

Page 15: 3GF Report Resource Efficiency and Growth

Energy Efficiency FinanceParticipants discussed the EE financing PPP initiative

led by The Institute for Industrial Productivity (IIP),

which builds on a European Bank for Reconstruction

and Development (EBRD) model and will create a new

market for energy efficiency services in industries

through the banking system ; a model that, in principle,

can be developed and applied in any country or region.

Participants underscored the need for engaging a

broad range of relevant actors including financial insti-

tutions, project developers, private sector companies,

utilities and industry associations. Participants dis-

cussed a number of key barriers in the field of energy

efficiency awareness in industries that utilize bank fi-

nance and suggested integrating EE finance and indus-

trial EE opportunity assessments into existing stand-

ard management, technical and lending operations.

Participants deliberated on how to deliver timely and

cost-effective know-how to potential EE financing

transactions in a simple and scalable way.

Participants agreed on the following recommenda-

tions/actions:

• Addressing regulatory issues: Improving the

regulatory environment, for instance through re-

moval of energy subsidies. Establishment of a

strong carbon price and enhancing energy effi-

ciency financial services, goes in tandem with the

efforts to increase the private sector’s involve-

ment through innovative financial instruments

(with public backing and public support for energy

audits) and increasing awareness for EE potential.

• Presentation of case study: IIP will finalize the

case study on the EBRD programme and use it as

material for engagement with banks regarding

potential piloting.

• Roadmap to replication of EBRD model: IIP

will continue working with HSBC India and a Chi-

nese bank to replicate an adapted version of the

EBRD programme within the partner banks’ or-

ganizational structure, corporate culture and pro-

cedures. This work can subsequently be extended

to an additional bank in the US.

• Feasibility and implementation of pilot: To-

gether with each bank, IIP will assess their actual

and potential industrial client base in order to un-

derstand the sectors from which business oppor-

tunities are likely to arise.

• Operational support: IIP will assist in the identi-

fication and screening of local EE experts in the

identified sectors to support the banks’ EE financ-

ing initiatives (especially to help identify EE meas-

ures). In addition, IIP and the local experts will

evaluate ESCOs, equipment suppliers, contractors

and consultants in the identified sectors capable

of implementing the suggested measures.

Moderator:Julia Reinaud, Policy and Programs Director, Institute

for Industrial Productivity (IIP)

Panellists:Martin Lidegaard, Minister for Climate, Energy and

Building, Denmark

Josue Tanaka, Managing Director, Energy Efficiency

and Climate Change, European Bank for Reconstruc-

tion and Development (EBRD)

Patrick D’Addario, Financial Products Director,

Institute for Industrial Productivity (IIP)

Michael Liebreich, Chief Executive, Bloomberg New

Finance

Simon Brooks, VP, European Investment Bank (EIB)

Nena Stoiljkovic, VP Business Advisory Services,

International Finance Corporation (IFC)

Organisers and contact persons: Institute for Industrial Productivity (IIP)

Global Green Growth Institute (GGGI)

Danish Ministry of Climate, Energy and Building

Patrick D’Addario, Financial Products Director,

Institute for Industrial Productivity (IIP),

[email protected]

Hans Jakob Eriksen, Director, Global Green Growth

Institute (GGGI), [email protected]

Pernille Vejby Nielsen, Danish Ministry of Climate,

Energy and Building, [email protected]

15

PPP SESSION

Page 16: 3GF Report Resource Efficiency and Growth

Water - Action in Developing CountriesParticipants discussed the challenges and opportuni-

ties of building public-private-civil society partner-

ships at scale in the water sector to support all three

key pillars of sustainable growth and natural resource

management: social, environmental and economic.

These challenges can in particular be evident in de-

veloping countries, where capacity, financing and in-

vestment and experience in working across sectors

are constraints. The Water Resources Group (WRG) is

a global PPP designed to support governments who

face this challenge of planning sustainable growth

amidst severe national water constraints. WRG is en-

joying successful collaboration with newly industrial-

ising countries such as Mexico, South Africa and India,

however in its next stage; the focus of WRG will seek

to support poorer countries.

Participants drawn from all sectors engaged in lively

discussion sharing successful models and partnership

cases from developing countries to help shape a

strategy for the WRG in its next stage of work, includ-

ing how to overcome the potential barriers and ad-

dressing the political aspects of water management.

Participants agreed on the following recommenda-

tions/actions:

• Water resource management and investment

must incorporate three key pillars: social (access

and quantity), environment (quality) and eco-

nomic (efficiency) to secure long term sustaina-

ble growth – as also noted and agreed in the re-

cent Rio+20 summit outcomes

• There exist successful models of public-private

partnerships in water in developing countries,

where the experience and learnings must be har-

nessed and shared as a necessary next step to

support taking them to scale

• New models of regional cooperation on water are

emerging where multiple countries are coalesc-

ing around the common threat of water insecuri-

ty and committing support when called upon (i.e.

the Dryland Alliance)

• There are opportunities for PPP in water also

in LDC countries but investment agreements

and partnership models must be designed ap-

propriately, taking into account the poorest

sections of the population with reduced capac-

ity to pay for water (i.e. BRAC model of tired

financing)

• There was a call for both North-South and

South-South exchange to share knowledge on

fostering enabling environments and legal

frameworks to incentivize private sector invest-

ment and engagement

• Investments in water must take in the broader

agenda of overall water planning for food secu-

rity, industrial development and consumer

needs – water people must stop talking only to

water people

• Public sector capacity building is required in

many developing countries so that public-pri-

vate partnerships can be developed and imple-

mented most effectively, whether at a project

specific level or broader engagement as nation-

al planning discussions with private sector and

other stakeholders. This calls for close collabo-

ration between donor financed development

assistance and business investments and a fo-

rum to allow for such constructive debate.

Moderator:Dominic Waghray, Senior Director of Environmen-

tal Initiatives, World Economic Forum (WEF)

Panellists:Ida Auken, Minister for the Environment, Denmark

Fazle H. Abed, Founder and Chairperson, BRAC

Aly Abou-Sabaa, Vice President, Sector Opera-

tions, African Development Bank (AFDB)

Anders Berntell, Executive Director, Water

Resources Group (WRG)

Organiser and contact person:Water Resources Group (WRG)

Dominic Waghray, Senior Director of Environmen-

tal Initiatives, World Economic Forum and Co-Chair

of the Water Resources Group Steering Board,

[email protected]

16

PPP SESSION

Page 17: 3GF Report Resource Efficiency and Growth

Biobased Growth

Participants discussed how and why to make the

transition to a bio-based economy. There is a great

potential for new markets, new products and new

jobs, especially in rural areas, and more importantly,

huge environmental benefits - the Globe needs it.

Reaching a bio-based economy, however, is not easy

and cannot be done by making small, isolated pro-

jects. There is a need for a coordinated effort from

policy makers, industries and public opinion.

Participants pointed out that while second genera-

tion technology is now all in all in place, scaling up

is a challenge. An integrated approach addressing

multiple levels - supply (feedstock, agricultural resi-

dues and waste products), large scale demonstration

(refineries), policies, market and products - is impor-

tant. Taking the European Union led PPP initiative

Horizon 2020 as a point of departure the Partici-

pants discussed key focus areas or challenges that

need to be addressed.

Participants agreed on the following recommenda-

tions/actions:

• Establishment of a regulatory framework:

The existing regulatory framework reflects the

current oil based paradigm. Policy makers should

develop appropriate regulatory frameworks in

order to remove regulatory roadblocks and pave

the way for private initiative. An example was

the Danish ban of burning straw in 1991 which

provided an added incentive for alternative use

of residual straw.

• Lack of supply chain for biomass - how to mobilize the farmers: With farmers being key

suppliers of biomass (agricultural residues) it

was crucial to mobilize this group and to create

appropriate collection systems. The potential for

new markets, new products and new jobs

should be highlighted and explored, e.g. in PPP

Horizon 2020. A strategic use of the European

Union Common Agricultural Policy (EU CAP)

could also play a role in mobilizing farmers and

overcoming the “chicken-egg problem” where

lack of an established market and demand pre-

vents the development of necessary infrastruc-

ture.

• Develop sustainability criteria: Policy makers

should develop sustainability criteria making it

easier to navigate and avoid possible negative

environmental impacts with regard to e.g. sus-

tainable land use, supply of feedstock and food

security and climate change. For instance, how

much focus should be put on more efficient

land use versus more and better use of waste

and residues? What are sustainable extraction

rates? These aspects should also be included in

Horizon 2020.

• Important to ensure public opinion: A posi-

tive public opinion towards a bio-based econo-

my is essential for mobilizing stakeholders and

creating incentives. The trend is already there;

both at the private consumer and company lev-

el, but public dialogue is important to maintain

public confidence in the bio-based economy.

This is also a central element of Horizon 2020

where public consultations are currently ongo-

ing. Reliable standards are also a way to main-

tain public confidence.

Moderator:

David Baldock, Executive Director, Institute for

European Environmental Policy (IEEP)

Panellists: Mette Gjerskov, Minister for Food, Agriculture and

Fisheries, Denmark

Jerzy Bogdan Plewa, Deputy Director General,

Directorate General for Agriculture and Rural

Development, European Commission

Maive Rute, Director, Directorate General for

Research and Innovation, European Commission

Steen Riisgaard, CEO, Novozymes

Organiser and contact person: Novozymes

Anders Lyngaa Kristoffersen, Manager of Public

Affairs, Novozymes, [email protected]

17

PPP SESSION

Page 18: 3GF Report Resource Efficiency and Growth

Natural Capital AccountingThe discussion focussed on ways for the public and pri-

vate sectors to collaborate in setting the parameters

for the inclusion of natural capital in business account-

ing, reporting and decision-making. Natural Capital Ac-

counting has been on and off the agenda over the last

30 years or more. While there may be a broad recogni-

tion of the need to supplement traditional growth indi-

cators with indicators which account for the negative

impact on the environment and the use of natural re-

sources, a valuation of the social costs and benefits of

the externalities has not yet been identified. Partici-

pants agreed that while most actors would be in favour

of valuing externalities, pricing would depend on local

country and region conditions.

Participants agreed on the following actions and rec-

ommendations:

• The work going on in the UN Statistical Commis-

sion and the WAVES programme was well recog-

nised, but there was agreement that accurately

accounting for the stock of natural capital is prob-

lematic.

• A panellist drew the attention to the definition of

“capitalism” which today only focuses on the re-

turn of the financial capital. There is a need to also

include environmental and social capital.

• Private sector participants emphasized the need

for private sector to engage with public policy of-

ficials and regulators to develop a level playing

field through public reforms and regulations. It

was additionally recognised that such regulatory

frameworks will vary from country to country.

• Participants agreed that the debate underlined

the urgency of getting started with natural capital

accounting, developing a tool kit for politicians

that shows the impact of economic growth on so-

cial capital, and in particular to develop a method-

ology of pricing the use of natural resources in-

cluding land, water etc.

• Participants agreed that a smaller group consist-

ing of representatives of the World Bank Group

(WBG), national development banks (e.g. BNDES),

WBCSD, PwC and private sector companies to fur-

ther refine the current approaches to Natural Cap-

ital Accounting. Specifically, the group would work

on creating a small number of “proof points” of

companies and governments incorporating natu-

ral capital into their accounting frameworks.

Moderator: Usha Raó-Monari, Director, Advisory Services on

Sustainable Business, International Finance Corpora-

tion (IFC)

Panellists: Malcolm H. Preston, Partner and Global & UK Leader,

Sustainability and Climate Change, Price Waterhouse

Coopers (PwC)

Fokko Wientjes, Global Director Sustainability, DSM

Peter Bakker, President, World Business Council for

Sustainable Development (WBCSD)

Organiser and contact person: World Bank Group

Hannah Behrendt, World Bank, hbehrendt@

worldbank.org

18

PPP SESSION

Page 19: 3GF Report Resource Efficiency and Growth

Cities and Urban Water LeakageParticipants discussed drivers and challenges regard-

ing urban water leakage in light of the future water

scarcity that will affect cities and countries globally re-

gardless of their stage of economic development. Pro-

jections show that by 2030 50% of the world’s popula-

tion will live in regions with water shortage.

At the same time reductions in urban water leakage

could provide up to $170 billion in resource benefits

globally by 2030 (McKinsey, 2012, ‘Accelerating Green

Growth through Public Private Partnerships’). The neg-

ative effects of scarce water resource impact societies

socially, environmentally and economically and threat-

en to limit potential growth. Participants agreed that

the issue is of great importance to both public and pri-

vate sector, and that solutions need to involve both

public and private efforts.

While the problems concerning water leakage are easi-

ly identified, the solutions are harder to pin down. Dis-

cussions raised the issue of how to best engage the

private sector, such as performance based service con-

tracts with utilities or other forms of public-private

partnerships. The Participants discussed the need for

pricing water as a resource and the subsequent chal-

lenges pricing entails concerning accessibility of water

for poor people and the need for securing a degree of

public control with the water utilities.

Participants agreed on the following actions and rec-

ommendations:

• Political leadership: The political role is essen-

tial, whether pushing ambitions through goal set-

ting, bringing in efficiency standards, providing

regulations, helping to forge partnerships by play-

ing the role of an honest broker for PPPs, and link-

ing issues of water savings with new business and

pricing models.

• Water management accountability: Utilities

should be made accountable for water loss and

performance on their water management sys-

tems. Accountability needs to be implemented

through regulations and by securing transparency

on water data.

• Incentives: There has to be incentives for utili-

ties and long-term commitment to ensure that

water leakage is addressed. This also requires the

needed technical capacity both equipment and

qualified personnel.

• Community awareness and engagement:

Prices have to make sense locally. Even if poor

people might be ready to pay for water, the prices

have to be feasible. Some Participants suggested

considering a new approach to the PPP model

adding another P (people).

• Suggestions for how to move forward: Sug-

gestions included: i) Engagement with the Water

Resource Group to help identify which cities are

getting ready for political ownership thus helping

to make investments and goals more achievable.

One option is to engage the C40 Cities network to

increase political awareness and to encourage

sharing of best practices among cities; ii) Pursue

partnership with BRAC on how to address urban

water leakage in Bangladesh; iii) Pursue partner-

ship with Inter-American Development Bank on

financing urban water leakage initiatives in Latin

America; and iv) Engagement with the Danish Wa-

ter Forum to establish accountability in water util-

ity networks (benchmarking and good practice).

Moderator:Peter Harry Woodward, Director, Quest Associates

Panellists:Ida Auken, Minister of the Environment, Denmark

Fomiko Hayashi, Mayor of Yokohama

Carsten Bjerg, CEO, Grundfos

Peter Brabeck-Letmathe, Chairman, Nestlé

Anders Berntell, Executive Director, WRG.

Organisers and contact persons:City of Copenhagen, Danish Nature Agency, Danish

Ministry of the Environment

Claus Bjørn Billehøj, Head of Division, City of

Copenhagen, [email protected]

Jacob Møller Nielsen, Head of Division, Danish

Nature Agency, [email protected]

19

PPP SESSION

Page 20: 3GF Report Resource Efficiency and Growth

20

PPP SESSION

BPower System TransformationThe global energy landscape is changing dramatically.

In 2011, global investments in renewable energy ex-

ceeded a quarter trillion USD, comprising more than a

third of all new capacity additions. Under IEA’s New

Policy Scenario, between 2011 and 2035 almost 17

trillion USD will be spent on transmission, distribution,

and generation assets. The bulk of this investment will

take place in non-OECD countries, reinforcing the need

for global partnerships focusing on smart policies and

regulationsin support of the deployment of renewa-

bles and energy savings. Participants discussed oppor-

tunities and barriers for ensuring power system trans-

formation on regional and global scales, engaging the

private sector through the 21st Century Power Part-

nership (21CPP) – a Clean Energy Ministerial intergov-

ernmental initiative on the power sector. The Partner-

ship was advanced at 3GF through the launch of the

Private-Public Leadership Forum, which will serve as a

platform for governments and businesses to address

key challenges and develop, share, and encourage

best practices in the area of power system transforma-

tion.

Participants put forward the following recommenda-

tions/actions:

• Globally, the power system is one of the most im-

portant areas of focus for achieving green growth.

The pathway to 21st century power systems will

requiresmart policy, rapid technological innova-

tion, and massive investment. The 21CPP repre-

sents an important forum to developinternational

collaboration in support ofintegrated policies to

promote variable renewable energy, energy effi-

ciency, and grid modernization.

• Governments should set strategic directions, pro-

vide reliable and credible policy frameworks, and

apply appropriate incentives to stimulate power

sector investment. It is vital for these frameworks

to be long-term, as continuity reducesrisks and

attracts a broader base of investors.In addition to

providing long-term visibility, policy and regula-

tion should account for distinct regional contexts

and the dynamic nature of technological evolu-

tion.

• Improved power market design is needed, with or

without high penetration of variable renewable

energy. Existing power markets are often not de-

signed to effectively operate under either large

shares of variable renewable energy or demand

response. International collaboration can acceler-

ate the transfer of market design principles that

ensure reasonable prices for consumers while

achieving 21st century power systems.

• There is an urgent need for multilateral public-pri-

vate information sharing and exchange of

best-practice green-growth solutions in the pow-

er sector. Specifically there is a need to bring to-

gether utilities, grid operators, and other private

sector market participants facing similar chal-

lenges to encourage shared approaches to power

system transformation. Policies that align the in-

centives along the entire power system value

chain are central.

Moderator:Douglas Arent, Executive Director, National Renewa-

ble Energy Laboratory (NREL)

Panellists: Martin Lidegaard, Minister for Climate, Energy and

Buildings, Denmark

Graham Pugh, Director, Office of International

Climate Change Policy and Technology, U.S. Depart-

ment of Energy

Thomas Dalsgaard, Executive Vice President, DONG

Energy

Eoin Lees, Senior Advisor, Regulatory Assistance

Project

Zhu Lingzhi, Vice Chief Engineer, Smart Grid

Corporation of China, China Electric Power Research

Institute

Ian Simm, CEO, Impax Asset Management Group

Organisers and contact persons: National Renewable Energy Laboratory (NREL), Global

Green Growth Institute (GGGI), Danish Ministry of

Climate, Energy and Building

Mackay Miller, Technology Innovation Analyst,

National Renewable Energy Laboratory (NREL),

[email protected]

Nikolaj Svensson, Advisor, Danish Ministry of

Climate, Energy and Building, [email protected]

Page 21: 3GF Report Resource Efficiency and Growth

21

PPP SESSION

B Energy Efficiency Indicators (Motor Systems)Participants explored how to develop the PPP fur-

ther and discussed the potential in optimizing motor

systems and how best to approach the challenge of

developing energy efficiency indicators for motor

system. Furthermore, it was briefly discussed how

to ensure a speedy up-take of motor-systems indi-

cators by industry leaders and policy makers. All

partners/presenters made their channels of promo-

tion and capacity building programs available for the

scaling and speedy up-take of indicators developed

and coordinated under the PPP going forward.

Participants put forward the following recommenda-

tions/actions:

• Indicators are needed: Indicators are the

strongest market penetration tool available to

promote awareness on energy efficiency and to

guide policy makers and industry in their deci-

sion making. In order to develop indicators a lot

of data collection is needed with the view of

creating a common understanding of the issue.

Furthermore, help is needed to create the right

methodology and to agree on definitions i.e.

what is understood by “motor systems”. Like-

wise, in all the work it should be kept in mind

whois the end-users of the indicators.

• Demand structures and regulation are needed: Having the right energy efficient

technology does not do the trick alone. The

right policies create the needed incentives. In

developing these policies industry should be in-

vited early in the process. Participants support-

ed a holistic approach of looking at motor-sys-

tems, with a particular focus on the systems’

abilities to accommodate and respond to vari-

ous demand/load situations and identified this

as the area where the biggest savings could be

obtained (even if only applied to a single mo-

tor).

• Global standards needed: We should aim at

developing global standards for motor systems

rather than national or regional standards. Com-

mon indicators are important in this respect.

(This goes for both top-down/policy makers and

for industrial leaders being both users and pro-

ducers of motor-systems).

• UNIDO and GGGI will allocate resources to bring the PPP forward: To ensure the contin-

ued development of the PPP and to facilitate

the work of developing energy efficiency indi-

cators, UNIDO and GGGI will allocate resources

to the project and drive the process forward.

Moderator:Hans Jakob Eriksen, Director, Global Green Growth

Institute (GGGI)

Panellists: Hans Jørgen Koch, Deputy Director General,

Danish Energy Agency

Marina Ploutakhina, Director, United Nations

Industrial Development Organization (UNIDO)

Thibaud Voïta, Energy Policy Analyst, IPEEC

Bo Diczfalusy, Director, International Energy

Agency (IEA)

Conrad Brunner, Operation Agent, IEA’s 4E EMSA

Kim Christensen, President, Danfoss

Jeung-soo Huh, President, Korean Energy Manage-

ment Cooperation (KEMCO)

Claus Madsen, Managing Director and Country

Manager, AAB

Organisers and contact persons:Global Green Growth Institute (GGGI), United Nations

Industrial Development Organization (UNIDO),

International Energy Agency (IEA), International

Partnership for Energy Efficiency Cooperation

(IPEEC), Danish Ministry of Climate, Energy and

Building

Hans Jakob Eriksen, Director, Global Green Growth

Institute, [email protected]

Marina Ploutakhina, Director, United Nations

Industrial Development Organization (UNIDO),

[email protected]

Pernille Vejby Nielsen, Danish Ministry of

Climate, Energy and Building, [email protected]

Page 22: 3GF Report Resource Efficiency and Growth

22

PPP SESSION

Trade to Scale up Renewable EnergyThis initiative highlights the needs as well as the op-

portunity for Sustainable Energy Trade Initiatives

(SETIs), including a possible ‘Sustainable Energy Trade

Agreement’ (SETA), to promote a trade-led market ex-

pansion of sustainable energy goods and services by

addressing trade barriers and providing for supportive

international governance. The vision is to get a critical

mass of countries to reach an agreement which can ef-

fectively address the obstacles, foster robust markets,

provide enabling governance, and thus provide the

ground for a scale up of renewable energy. While gov-

ernments must drive the policy reform process, there is

a need to understand the concerns of firms at different

levels of the supply chain, in different countries and in

different sectors.

Participants at this session discussed how to advance a

rules-based international framework on trade to ena-

ble efficient chains of supply in sustainable energy

goods and services through trade reform. This again is

aimed at boosting the use of renewable energy sourc-

es and making access to energy for all viable. It will ul-

timately alleviate climate change, lower the cost of

relevant technologies and thus making them competi-

tive, increase technology transfer to developing coun-

tries, improve energy security and promote innovation

and development of new technologies.

Participants agreed on the following actions:

• The Executive Director of UNIDO/chair of the UN

Sustainable Energy for All expressed his interest

in the initiative, which he assessed as carrying an

important potential in particular for Africa. He

pledged to assess the African interest in green

trade liberalisation at upcoming meetings with

leading Africans policymakers.

• The Danish Minister for Trade and Investment will

follow up in the European Union on the recent

APEC decision to reduce applied tariffs on a selec-

tion of environmental goods to a maximum of 5

percent including the possibility of the European

Union joining the decision. Domestically, the Min-

ister will look further into the issue of subsidies on

green energy products.

• ICTSD will seek to formalize the increasing sup-

port for the SETA in a multi-stakeholder support

mechanism, a SETI Alliance, which will create a

platform for private sector, governments, inter-

governmental organizations, research institu-

tions and think tanks to work together to advance

the SETA-concept.

• Proponents of the SETA, such as Vestas and the

WRI, underlined that there is a need to make infor-

mation about the initiative available to a broader

audience, both by formulating the key messages

in a less technical manner and by stepping up the

efforts in terms of outreach. This is something

which will be taken forward by ICTSD, inter alia

through the creation of the above-mentioned

SETI Alliance.

• Companies will continue to engage with policy-

makers regarding the need to advance a rules

based international framework on sustainable en-

ergy goods and services.

• ICTSD and other partners will continue to inform

the conception of an eventual SETA through re-

search and multi-stakeholder dialogue, as well as

through country- and regional consultations.

Moderator:Ricardo Meléndez-Ortiz, Chief Executive, Interna-

tional Centre for Trade and Sustainable Development

(ICTSD)

Panelists:Pia Olsen Dyhr, Minister for Trade and Investment,

Denmark

Kandeh K. Yumkella, Executive Director, United

Nations Industrial Development Organization (UNIDO)

Ditlev Engel, CEO, Vestas

Rick Samans, Executive Director, Global Green Growth

Institute (GGGI) and Vice Chair, World Energy Council for

Latin America

Andrew Steer, President, World Resources Institute

(WRI)

Organiser and contact person:The International Centre for Trade and Sustainable

Development (ICTSD)

Ricardo Meléndez-Ortiz, Chief Executive, ICTSD,

[email protected]

D

Page 23: 3GF Report Resource Efficiency and Growth

23

PPP SESSION

D Financing Green Growth

Participants discussed how the increasing global need

for green financing at large scale calls for alternative

capital sources and for developing new innovative

ways of sharing of risks. There is a major gap between

global demand and supply for green investments due

to the high risks associated with the nature of green

investments, rising public debts and tight fiscal con-

straints in many parts of the world.

Participants agreed on the following recommenda-

tions/actions:

• Alternative sources of capital: The institutional

investors market is a potential source of large

scale green investments.

• New classes of effective risk mitigating instru-

ments: It is important to distinguish between real

and perceived risks. New measures were pro-

posed such as shielding investors from predefined

amount of financial loss, developing policy risk in-

surance instruments, blending funding sources

and bundling projects etc.

• Political leadership is important: To encourage

global green investments on a large scale it is im-

portant to align public policy with private inter-

ests in public-private partnerships. The Danish

wind farm examples which were financed by pen-

sion funds coupled with state guarantees can

serve as inspiration.

• Continuing the discussions: The discussions will

be continued in close interaction between public

and private actors to share knowledge and experi-

ences as well as explore and develop new financ-

ing schemes and new public-private partnerships.

It was acknowledged that there is a need to broad-

en the group and reach out to additional investors

such as more pension funds and banks to improve

the effectiveness of risk coverage.

• Next steps: Next steps will be to incorporate the

feedback and excellent ideas into the future work

and explore how to continue the discussions with

the Green Growth Action Alliance, an international

public private mega-partnership with over 50

business, public finance and private finance pro-

viders launched at the 2012 G20.

Moderator:Barbara K. Buchner, Director, Climate Policy

Initiative (CPI) Europe

Speaker:Ole Sohn, Minister of Business and Growth, Denmark

Panellists:Simon Brooks, Vice President, European Investment

Bank ( EIB)

Michael Liebrich, CEO, Bloomberg New Energy

Finance

Torben Møger Pedersen, CEO, Pension Denmark

Usha Raó-Monari, Director, Advisory Services on

Sustainable Business, International Finance Corpora-

tion (IFC)

Dominic Waughray, Senior Director of Environmen-

tal Initiatives, World Economic Forum (WEF)

Michael Dithmer, Permanent Secretary of State for

Business and Growth, Denmark

Organisers and contact persons:Climate Policy Initiative (CPI), Ministry of Business and

Growth, Denmark

Barbara K. Buchner, Director, Climate Policy

Initiative ( CPI) Europe, barbara.buchner@CPIVenice.

org

Markus Bjerre, Head of Section, Danish Ministry of

Business and Growth, [email protected]

Page 24: 3GF Report Resource Efficiency and Growth

24

PPP SESSION

Procurement and Private Finance InitiativesDelegates discussed the effectiveness of public pro-

curement and PFIs in stimulating green growth and

how they could be re-engineered to achieve greater

value for money, deliver more resource efficient public

assets/services and initiate wider economic multipli-

ers for green industrialisation.

The moderator outlined three key questions for the

debate: How can green public procurement and public

partnerships be scaled up over the next 2 years? What

is impeding such scaling across industrialised, emerg-

ing and lower income countries? And what will it take

to remove these constraints?

Participants agreed on the following:

• The potential of sustainable public procurement

to bring about a green economy is undisputed.

Compelling evidenced is presented in the report“

Procurement, Innovation, Green Growth, the Story

So Far” published by the International Institute for

Sustainable Development (IISD). There is a need

to explore how risks are accounted for in sustaina-

ble procurement and PFIs and work with the fi-

nancial sector to address these risks.

• Transparency is important in the process of public

procurement. This is critical to enable procure-

ment processes to be designed and positioned as

triggers for innovation and green growth.

• The Partnership needs to demonstrate how pro-

curement and PFI can trigger innovation and

green growth. Moreover, the partnership needs to

undertake pilot projects to demonstrate how

pre-qualification, technical specifications and

award criteria can be designed to trigger green in-

vestment and innovation across companies that

do business with the government.

• Tender and PFI procedures need to be re–de-

signed to allow for environmental and social con-

siderations to be effectively built into the pro-

curement project cycle.

Next steps:• Input from the session will be used in the develop-

ment of a two-year work programme focusing on:

• Pilot projects to demonstrate how procurement

and PFI can be designed to trigger green innova-

tion and green growth and increase domestic in-

dustrial capacities in emerging and lower income

economies.

• Advisory services and technical assistance to low-

er income countries on how to develop policies

and programmes on green procurement and PFI

and how to use these as an incentive for foreign

investments.

• Development of better models to estimate envi-

ronmental, social, and financial risks into procure-

ment and PFI projects and putting in place risk

management strategies across the project live

cycle.

• Investigation of how to increase transparency and

accountability in public procurement processes.

• Development of a dedicated focus on procure-

ment and PFI in relation to energy, water, and in-

frastructure.

Moderator:Mark Halle, Executive Director, International

Institute for Sustainable Development Europe (IISD)

Opening remarks: Ida Auken, Minister for the Environment, Denmark

Panellists:Nelson Sam, Global Managing Director, Thomson

Reuters Advisory Services Commodities and Energy

Valeria D’Amico de Lima, Deputy Associate

Secretary of State, Government of Sao Paulo, Brazil

Jan Willem Scheijgrond, Senior Director Environ-

ment Health & Safety, Philips

Oshani Perera, Programme Leader, International

Institute for Sustainable Development (IISD)

Organisers and contact persons: International Institute for Sustainable Development

(IISD) and the Partnership for Procurement and Green

Growth.

Oshani Perera, Programme Leader, International

Institute for Sustainable Development (IISD), oper-

[email protected]

Tilmann Liebert, Project Officer, International

Institute for Sustainable Development (IISD), tliebert@

iisd.org

Page 25: 3GF Report Resource Efficiency and Growth
Page 26: 3GF Report Resource Efficiency and Growth

Plenary SessionsResource Efficiency and Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Technology and Green Growth: The Quantum Change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Mega-Partnerships; Blending International and Local Collaboration for Scaled Impact 30

Closing Session . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32

26

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Resource Efficiency and Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

Technology and Green Growth: The Quantum Change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Mega-Partnerships; Blending International and Local Collaboration for Scaled Impact 30

Closing Session . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32

Page 28: 3GF Report Resource Efficiency and Growth

Resource Efficiency and Growth Panellists: Angel Gurria, Secretary General, Organisation for

Economic Co-operation and Development (OECD)

Rachel Kyte, Vice President, World Bank

Caio Koch-Weser, Vice Chairman, Deutsche Bank

Group

Moderator: Achim Steiner, Executive Director, United Nations

Environment Programme (UNEP)

Session SummaryThe first plenary session focused on where policy and

market failures are preventing green growth opportu-

nities from being realized despite ample evidence that

inaction will be by far the most expensive option in the

long run. Among the main issues discussed was the fi-

nancial crisis dragging the attention away from long

term green growth investments both among policy

makers and CEOs, the need for new financial instru-

ments to facilitate access to finance, and the need for

leadership to ensure long term predictable framework

conditions and to move ahead despite not having a

global climate agreement.

Investment in green growth - the cheapest solu-tion in the long runThe Panellists agreed that there is an urgent need to

invest in green growth solutions to avoid costly conse-

quences. As highlighted in the recent ‘OECD Environ-

mental Outlook for 2050’ report ‘Consequences of Inac-

tion’ focusing on climate change, water, biodiversity

and health consequences of pollution the cost of inac-

tion is more expensive than any of the known costs. The

choice between growth and green is false. Future chal-

lenges are not only about carbon emissions but also

about natural resource scarcity. Tomorrow’s competi-

tive companies will be those who best manage the tran-

sition of enhancing resource efficiency and productivi-

ty. The material intensity of production has already

decreased significantly over the past two decades.

Barriers to green growthThe lack of access to finance was highlighted by panel-

lists as the most important barrier to green growth at

this point in time with financial circumstances being

much harder now than just a year ago. The financial cri-

sis is dragging away attention from green growth both

among policy makers and CEOs. Private investment in

developing countries is 50% down with the World fac-

ing a decade of lower potential growth and shorter and

more erratic business circles even in the BRIC countries.

There is a need for a new generation of financial instru-

ments, which can catalyse private investment and lev-

erage scarce public finance.

Panellists highlighted the critical role Africa has to play.

Despite high returns in Africa at the moment- higher

than any other place, African countries still struggle to

attract investment. The thinking among investments

banks seems to be to sort out existing markets before

engaging into new ones.

Subsidies of fossil fuels were highlighted as the single

most important source of distortion in the world affect-

ing both developed and developing countries and di-

verting huge amounts of resources to the detriment of

the environment, the economy and social justice.

Way aheadPanellists raised a number of suggestions for how to

move on despite the challenges:

• Committed leadership is necessary to ensure long

term, enabling and predictable framework condi-

tions for businesses to act.

• Carbon pricing is an important instrument to make

green solutions more financially viable. Political

leadership could be essential in driving the carbon

price issue. Rather than wait for a global climate

agreement, a coalition of willing carbon market

countries could go ahead. This requires critical

mass, transformational ambition, and targets for

action, but could eventually link back into the UN

process.

• Remove fuel subsidies and redirect the money to-

wards the poor.

• Link the trade and environmental agenda.

• Need to work with green growth issues at the city

and regional level. Suggestion of building on the

C40 network of mayors to share most effective

policies, create sustainable energy clubs and work

through peer pressure.

28

PLENARY sEssioN

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Technology and Green Growth: The Quantum Change

Panellists: Frans van Houten, CEO, Philips

Bob Collymore, CEO, Safaricom

Ditlev Engel, CEO, Vestas

Niels B. Christiansen, CEO, Danfoss

Moderator:Kathy Sierra, Senior Fellow, Brookings Institute

Session Summary Will disruptive technologies drive the next wave of change?Technological innovation and in particular disruptive

innovations are essential elements in the transition to

green growth. Previous waves of change over the past

three to four decades have been driven by govern-

ments coming together and changing the enabling en-

vironment through pricing, regulation, policy targets

etc. and by civil society pushing for change. In this ple-

nary a panel of four top CEOs provided their perspec-

tives on what it will take for the next wave of change to

be driven by disruptive technologies. What are the ma-

jor trends, emerging technologies, current driving forc-

es, and new champions?

What is a disruptive technology?Panellists pointed out how innovation is often driven

by necessity and crisis – the need to find a solution to a

pressing problem. Disruptive technologies need not be

based on new leapfrog technologies but also on the

way in which new and known technologies are com-

bined. An example mentioned was the combination of

a solar panel, a lithium battery and a battery, which

plugged together can give a rural based person access

to light and enable children to do homework at night

and thus pursue an education - a simple invention but

with huge impact. Telecommunication was mentioned

as an example of a disruptive technology in itself dra-

matically improving the access of rural based popula-

tions to information, services and decision makers.

What drives innovation? Panellists highlighted a number of issues which are key

in driving forward innovation.

These included:

• Good framework conditions: Governments

need to put the necessary infrastructure in

place, to encourage new development, and to

secure the longevity of investments.

• Subsidies in the initial phase: Disruptive

technologies are not invented overnight; they

are the result of a long process with new tech-

nologies typically starting out as alternative

technologies, eventually ending up becoming the

main technologies. Subsidies might be necessary

at the outset but must deteriorate over time as

the technology develops and the use is brought

to scale.

• Standard setting: Ambitious standards will

push the private sector to innovate and thus

speed up innovation.

• Carbon pricing: Carbon pricing is essential in

promoting a new way of looking at all costs in-

volved in a given production including the costs

to society. The example of electricity production

in Colorado was mentioned, with a coal based

production having lower up front and running

costs, but being more expensive than wind gen-

erated electricity when taking into account the

health and environmental costs. Carbon pricing is

therefore key in helping promote low carbon

technologies.

• Consumer demand: Several panellists pointed

out how consumers are likely to play a key role in

the development of disruptive technologies in

the future. Demand from consumers will increase

and consumer behaviour will play a fundamental

role in building policies. This also applies to de-

veloping countries where many young people are

living in a very connected world, demanding to

be treated in the same way, and with social pres-

sure driving the private sector.

• Learning: There was a concern that learning is

not being transferred effectively. A lot of knowl-

edge is available in universities and must be har-

nessed when developing new technology. This

could be promoted through the criteria used in

grant processes.

29

PLENARY sEssioN

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Mega-Partnerships; Blending International and Local Collaboration for Scaled ImpactPanellists: Kandeh K. Yumkella, Director, United Nations

Industrial Development Organization (UNIDO)

Andrew Steer, President, World Resource Institute

(WRI)

Fahed Bin Mohammed Al-Attiya, Chairman, Qatar

National Food Security Programme and Organizing

Sub-Committee

Peter Brabeck-Letmathe, Chairman, Nestlé

Moderator: Simon Zadek, Senior Fellow, Global Green Growth

Institute (GGGI)

Session Summary A new generation of ‘mega-partnerships’ is emerging.

The session tapped into the experience of four cham-

pions in this area, four mega partnerships covering

Sustainable Energy for All, the Global Dry Land alli-

ance, the Green Growth Action Alliance and the Water

Resource Group. Panellists shared learning from initi-

ating and scaling up mega partnerships emphasizing

the importance of local solutions and local implemen-

tation, the need to have a dedicated core of public and

private organisations involved, to stay focused on

where the partnership can make a difference, to keep

flexible and temporary, and to ensure broad distribu-

tion and uptake of lessons learned.

Sustainable Energy for All (SEFA) –seeking ap-proval and leverage through the UNKandeh Yumkellah identified the lack of access to en-

ergy as a crucial constraint to development efforts.

The concern lead the United Nations General Assem-

bly to designate 2012 as the International Year for

Sustainably Energy for All (SEFA) an initiative high-

lighting the need for universal access to energy, in-

creased energy efficiency and enhanced deployment

of renewable resources in developing countries. Yum-

kellah explained the strategies: creating a clear narra-

tive on the link between energy and development;

building a small but dedicated coalition of willing gov-

ernments and a few other players who could push the

agenda, motivate and provide strategic guidance;

identifying the objectives; costing the ideas; generat-

ing strong political leadership through the support of

the UN Secretary General who picked it up as his own;

and being persistent also in the face of initial set-

backs. The challenge now is to deal with 61 countries,

as solutions have to be found locally, to maintain a fa-

cilitating rather than an implementing role, and to

find an existing fund with the financing engineering

knowledge to administer the funding side.

Global Dry Land Alliance – a risk sharing mecha-nism with responsibilitiesThe Qatar National Food Security Programme (QNFSP)

is working to establish a Global Dry Land Alliance - an

international alliance of 10-15 dryland nations facing

similar problems of food security due to scarce water

resources.Fahed Bin Mohammed Al-Attiya informed

that the idea is to create a multi country model with a

shared risk mechanism - a strategic alignment be-

tween countries able and willing to commit. Commit-

ments include significant investments in research and

development, sharing new knowledge and technolo-

gy, and most significantly committing to assist anoth-

er member country if faced with a severe drought/

water problem. A key challenge is to develop the nec-

essary technology which can enable dryland nations

to become self sufficient.

Water Resources Group –decentralization and clear ownershipThe aim of the Water Resource Group is to help ad-

dress the imbalance between water supply and water

demand. Peter Brabeck-Lemathe explained that the

strategy is to keep the ambitions high, the central ad-

30

PLENARY sEssioN

Page 31: 3GF Report Resource Efficiency and Growth

ministration small (only 3 people in NY head office for

a 50 million dollar fund), to limit the involvement to

just a handful of clearly committed countries at a

time, and to work in a decentralized manner with WRG

helping establish inclusive partnerships between rele-

vant local stakeholders and helping work out solu-

tions, but not being in charge of actual implementa-

tion. In order to ensure ownership and efficiency, WRG

only works with governments where either the Presi-

dent or the Prime Minister has a personal interest in

the issue, always operates through one appointed

government interlocutor, expects governments to pay,

and only remain involved as long as efficiency is main-

tained and goals achieved (two year commitments at

a time).

Green Growth Action Alliance (G2A2) – the pri-vate sector pulling togetherThe Green Growth Action Alliance, is a new partner-

ship launched at the Business 20 (B20) Summit in Los

Cabos, Mexico in June 2012, mainly business lead, ad-

dressing the estimated $1 trillion annual shortfall in

green infrastructure investment, by calling for actions

in five target priority areas over the next three years:

promote free trade in green goods and services;

achieve robust carbon pricing; end inefficient subsi-

dies and other forms of fossil fuel support; accelerate

low-carbon innovation; and increase efforts to target

public funding to leverage private investment. The

idea is to propose very specific ideas and hold govern-

ments accountable. Andrew Steer warned that not all

mega partnerships work and there are lessons to be

learnt from earlier partnerships on health and educa-

tion. He advised that you need a strong issue, strong

leadership, should avoid trying to solve every problem

immediately, but go where there is real passion,

where there are CEOs willing to go the extra mile. Po-

litical leadership is important – true world leaders who

want an issue to be their legacy.

31

PLENARY sEssioN

Page 32: 3GF Report Resource Efficiency and Growth

Closing Session Panellists: Villy Søvndal, Minister of Foreign Affairs, Denmark

Peter Brabeck-Letmathe, Chairman, Nestlé

Kandeh K. Yumkella, Director General, United

Nations Industrial Development Organization (UNIDO)

Moderator: Tomas Anker Christensen, Senior Advisor for

Partnerships, UN Office for Partnerships

Session Summary A ‘Summary of the proceedings’ was provided.

3GF is unique in bringing key decision makers from the

public sector, the private sector, and international or-

ganisations and think tanks together to share experi-

ences and find concrete solutions for how to promote

green growth through private public partnerships. The

aim is to facilitate – not to implement.

With the three new member countries, 3GF now has an

impressive and diverse combination of participants,

spanning four continents, bringing together countries

very different in size, economic development and eco-

nomic significance but all representing governments

committed to the cause of green growth. The coalition

of 3GF member states and the Global Green Growth In-

stitute and its range of countries behind it constitutes

a good ‘coalition of the willing’ to promote action on

green inclusive growth.

32

PLENARY sEssioN

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A brand has been established and a space carved out

by 3GF which helps give content to a new narrative of

opportunities stressing the economic benefits of going

green and promoting the transition to a green, inclu-

sive economy. Sustainable development is often pro-

filed as a losing agenda, but 3GF helps to demonstrate

that it can also be a winning game.

The meeting demonstrated an impressive amount of

commitment to the PPPs and a pragmatic approach in

finding solutions to problems. However, as stated at

the UN meeting in Rio de Janeiro the world is too com-

plex to only see it though one lense. Sustainability is a

three dimensional issue – environmental, economic

and social - with changes in one area having implica-

tions for the other two. The inclusiveness aspect needs

to be strengthened in the future.

When discussing green growth as a model for sustaina-

ble growth, there is a need to discuss dematerialised

growth, resource efficiency and the distorting influ-

ence of intransparent subsidies - all of them issues

which could be relevant to pursue in future 3GF high

level meetings.

33

PLENARY sEssioN

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In Conversation Plenaries with Green Growth Leaders:

Green Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

Sustainable Cities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37

Innovative Finance for Energy Efficiency in Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

International Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

Energy for All . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

Green Job Creation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41

Water Security . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Renewable Energy and New Business Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

Capital Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

Economic Growth Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

34

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Green FinancePanellists: Sergio Eduardo Weguelin Vieira, Deputy Managing

Director of Environmental Division, Brazilian Develop-

ment Bank (BNDES)

Niels B. Christiansen, CEO, Danfoss

Moderator:Simon Brooks, Vice President, European Investment

Bank (EIB)

Framing contentIn this session participants discussed to what extent

effective green finance is critical to the success of the

transition to a green growth economy and how the per-

ceived high risks associated with green investments

restrict access to funding.

The development banks have increased their focus on

catalysing investments into the green growth sectors.

One of the drivers behind this development is an in-

creased awareness of the responsibility for future

generations and social inclusiveness. In addition to the

green effect of a project, it is considered important to

include social impact considerations, i.e. who is bene-

fitting from a specific green project. A number of green

markets have emerged as a result of increased public

and private investments and innovation in financial in-

struments. However, there are still significant chal-

lenges in mobilizing financial resources for green

growth projects, one being the high risk perceptions on

green markets

Opportunities The transition to a green economy requires substantial

resources in terms of financing. Green financing is es-

sential in creating green growth as it offers companies

and developers funds to catch the business opportuni-

ties in the green markets. Participants agreed on the

importance of developing innovative financial instru-

ments and processes which can accelerate the move-

ment towards a green growth economy. In this context,

the development of guarantee schemes that address

the perceived higher risk for green projects should also

be considered.

Challenges Participants representing the private sector highlight-

ed the difficulties in securing financing for developing

and manufacturing products to the green markets as

banks and other financial providers perceive the risks

associated with green projects as much higher com-

pared to their traditional portfolio projects. Thus, the

perception of risk implies that green projects in effect

are imposed a “risk penalty”.

Panellists also stressed the importance of due dili-

gence when rolling out the green growth approach in

the relevant financial institutions’ organisations – both

on the strategic as well as the operational level.

Recommendations Participants highlighted the following points:

• Develop innovative financial instruments that can

accelerate the movement towards green growth;

• Develop models and operational methods than

can reduce the financial investors´ perception of

risk associated with green growth projects;

• Present concrete business cases to the financial

investors documenting the realistic risk of green

growth projects compared to the perceived inves-

tor risk;

• Ensure that social impact and inclusiveness are

addressed in green growth projects;

• Ensure access to capital for small green growth

projects in Africa, below the multilateral develop-

ment banks´ threshold of around 50 million USD.

36

IN CONVERSATION

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Sustainable CitiesPanellists: Rohit Aggarwala, Special Advisor to C40 Chair

Frans van Houten, CEO and Chairman, Philips

Ida Auken, Minister for the Environment, Denmark

Moderator:Andrew Steer, President, World Resources Institute

(WRI)

Framing contentBy 2050, up to 80 per cent of the global population is

expected to reside in cities, which are increasingly be-

coming the focus of sustainability efforts. Cities will

be the key figures of the 21st century; the success of

our generation will be measured against our efforts in

creating sustainable cities. In this session Participants

reflected on how effective solutions to sustainability

challenges in cities require innovative collaborations

and policies across industry and government.

OpportunitiesCities encompass all the elements needed for devel-

oping green economies; efficiency, density, shared

space and recycling. Cities are spaces for more effi-

cient transportation, shared recreational assets and

new technologies exist which can help us to provide

resilient solutions in terms of efficient urban lighting.

Thus cities have to grow in a sustainable and inclusive

way.

Participants agreed that public procurement has a lot

of potential if it goes green. An example from the

Netherlands illustrated how using tenders in an inno-

vative way by keeping prices fixed on new public and

asking bidders to compete on finding the best solu-

tions in terms of social and environmental.

ChallengesPoliticians need to find the balance between giving

freedom to cities to develop their creative spaces,

while at the same time providing the political frame-

works and standards. Participants also highlighted the

challenges in terms of getting governments’ and par-

liaments’ support for urban leaders and new green

ideas at city level. Another challenge to creating sus-

tainable cities are the difficulties in making people ac-

cept the initial high costs of green growth investments

and accept that the benefits may not necessarily go to

the same unit, which invested in the first place.

RecommendationsThe following points were highlighted:

• Financing: Focus on green public procurement and

development of creative financing tools for mobi-

lizing investment towards sustainability;

• Leadership: Dynamic leaders are needed to drive

the process forward. Mayors with similar man-

dates around specific issues to create green

growth networks similar to C 40;

• Tools: Need for new tools to assess urban sustain-

ability strategies and solutions (taking into ac-

count both environmental, social and economic

aspects)

37

IN CONVERSATION

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Innovative Finance for Energy Efficiency in Buildings

Panellists: Peter Bakker, President, World Business Council for

Sustainable Development (WBCSD)

Torben Möger Pedersen, CEO, PensionDanmark

Moderator:Martin Lidegaard, Minister for Climate, Energy and

Buildings, Denmark

Framing contentDuring the session possibilities for mobilizing funds for

energy efficient building and the complementary roles

of public and private actors in this major endeavour

were explored. Estimates show that the global stock of

buildings, including homes as well as commercial and

industrial buildings, accounts for around 40 % of the

total consumption of energy. Various studies have also

shown that improved design of new buildings and ret-

rofitting of existing buildings could result in very sig-

nificant energy savings and reductions in greenhouse

gas (GHG) emissions. However, finance is required for

new energy efficient construction and for retrofitting

and upgrading the building stock. The WBCSD has esti-

mated that 150 million USD per year invested in energy

conservation in buildings could lead to 40 % reduction

in GHG emissions. According to the International Ener-

gy Agency (IEA), there are around 200 million buildings

to be upgraded in the OECD countries. The Agency will

release a report on the issue in the near future.

Opportunities Based on examples briefly outlined by the panellists

and participants, initiatives underway in Australia,

Denmark, France, Mexico, the Netherlands and the US

were highlighted. It was pointed out that governments

have a key role to play in setting standards for “green

buildings” and establishing the regulatory framework.

Furthermore, given the demand for energy in publicly

owned buildings in many countries (offices, schools,

etc.), raising energy efficiency standards in the public

sector is an important step. Businesses, real estate

agents and financial institutions, as well as energy

supply utilities, also need to explore innovative means

of mobilizing the funds required for improvements. It

was also pointed out that there are considerable em-

ployment effects (job creation) through “greening

buildings.”

Challenges The WBCSD has prepared an energy efficiency roadm-

ap that shows how governments (including local and

city administrations), occupants, businesses, builders,

material suppliers etc., can align and enhance their ef-

forts in order to encourage greater investment in ener-

gy conservation. Financial institutions also need to

develop loan packages and other instruments to sup-

port investment in conservation. Risk aversion is a par-

ticular problem. Important additional measures in-

clude: improved measurement of energy losses and

efficiency gains, the introduction of systems to classi-

fy buildings according to agreed standards and apply

differential taxes on real estate (just as vehicles are

taxed according to emissions), as well as improved

quality control (in terms of building materials) and

training in energy efficient solutions.

Recommendations Participants concluded that the way forward with pub-

lic private partnerships in energy efficient building will

include:

• Government “raising demand” for energy conser-

vation by setting appropriate standards and tar-

gets;

• Education and information campaigns on energy

savings;

• Design of incentive packages involving financial

institutions, utilities, etc;

• Investment in public sector building improve-

ments;

• Establishing codes of conduct for private inves-

tors in the real estate sector.

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IN CONVERSATION

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International DevelopmentPanellists: Fazle Abed, Chairman, BRAC

Christian Friis Bach, Minister for Development

Cooperation, Denmark

Moderator:Rachel Kyte, Vice President, World Bank.

Framing contentThe session dealt with the identification of public/pri-

vate strategies to overcome barriers for and promote

resource efficient green growth in the field of interna-

tional development. Poverty alleviation requires eco-

nomic growth, but growth must be green and inclusive.

Partnerships between governments, companies and

not-for-profit organisations, such as BRAC, are part of

the solution to ensure green growth. Engaging the pri-

vate sector in development activities is crucial since

businesses drive innovation, transfer green technolo-

gy and create jobs.

OpportunitiesParticipants identified three key roles for official de-

velopment assistance (ODA):

1. ODA as a catalyst for private funding which may

ultimately ten-double the impact on poverty. To

this end, ODA should be risk-ready and provide

seed money for projects that may attract pension

funds and equity investments from private com-

panies at a later stage.

2. ODA as a facilitator of technology transfers,

knowledge dissemination and policy advice. Part-

nering with aid agencies also ensure access to

best practices and policy advice (even if it does

not attract additional funds).

3. ODA as a contribution to the building of state ca-

pacity. Green growth requires enabling environ-

ments which cannot be ensured by civil society or

business alone. Stronger state administrations,

reliable framework conditions, rule of law and re-

spect for fundamental rights are preconditions for

the private sector to create economic growth.

Participants agreed that public procurement has a lot

of potential if it goes green. An example from the Neth-

erlands illustrated how using tenders in an innovative

way by keeping prices fixed on new public and asking

bidders to compete on finding the best solutions in

terms of social and environmental.

ChallengesParticipants noted that sustainable green growth will

only happen if markets are transparent and if accurate

information is available. Getting prices right is neces-

sary to generate investments in green technologies.

E.g. as long as governments continue to subsidize elec-

tricity, it is difficult to make businesses invest in solar

energy. Participants agreed that getting rid of subsi-

dies is difficult as it severely impacts the poor (even

though the subsidies primarily benefit the middle

classes who consume more energy). However, no blue

print has yet been found for careful, poverty-sensitive,

ways to eliminate market distorting subsidies.

As ODA is increasingly focusing on partnerships with

businesses, it may severely hamper development op-

portunities in the poorest or most conflict affected

countries which already have difficulties in attracting

foreign direct investment. Thus, participants generally

agreed that it will be necessary for aid agencies to

work with fragile states using other modus operandi.

RecommendationsParticipants agreed on the following:

• More multi-stakeholder partnerships and trilater-

al cooperation between middle-income countries,

traditional donors and developing countries

should be explored in order to stimulate green

growth through technology transfer and knowl-

edge dissemination. (Such partnerships could be

based on models like the memorandum of under-

standing between Denmark and Brazil and Den-

mark and the Republic of Korea);

• Governments to reallocate the funds previously

spent on energy subsidies towards building social

security nets with similar poverty alleviating ef-

fects;

• Revisiting of the often cumbersome procedures of

aid agencies;

• Finally, Participantd agreed that it remained a

general challenge to build and strengthen state

capacity to create national frameworks conducive

for green growth.

39

IN CONVERSATION

Page 40: 3GF Report Resource Efficiency and Growth

Energy for All

Panellists: Juan Rafael Elvira Quesada, Minister for Environ-

ment and Natural Resources, Mexico

Ditlev Engel, CEO, Vestas

Steen Riisgaard, CEO, Novozymes

Moderator:Christoph Frei, Secretary General, World Energy

Council

Framing contentThe focus of the discussion was the challenges of pro-

viding developing countries with clean sustainable en-

ergy. Accessing reliable energy is one of the greatest

obstacles the developing world faces. 1.3 billion people

go without electricity. Twice that number - nearly 40%

of the world’s population - lack modern energy servic-

es. Providing these people with energy is a difficult

task - and ensuring that it occurs in a sustainable and

cost-effective way makes the task even more challeng-

ing. Participants agreed that fulfilling the SE4ALL

energy access target by 2030 will require increased in-

vestments in the energy sector in the developing

world, focussing on both existing and new technical

capacities.

Opportunities Access to energy is one of the key drivers for social and

economic development. Without access to sustainable

and modern energy services there can be no real social

or economic development. Sustainable energy fosters

enterprise activities that can break the cycle of pover-

ty. Participants agreed that private-sector investment

is key to building and serving those markets. Through

innovation in energy products and investment in de-

ployment, businesses can create jobs and supply mil-

lions of people with the tools they need.

Challenges Achieving energy for all is becoming increasingly af-

fordable with the advance of new technologies. How-

ever, we cannot rely on technology alone to bring in

the investments needed. Developing countries face

the challenge of fostering investments by getting their

policies right and providing a business enabling envi-

ronment to catalyse investment. Participants agreed

that a key element to drive development forward is

governments’ ability of creating conducive environ-

ments for investments in renewable energy. Further-

more, it is essential that projects are able to integrate

and build on existing local markets and create in-

creased income for every supplier along the value

chain.

Recommendations Participants agreed on the following:

• Ensuring universal access to modern energy ser-

vices is vital; however increased access to renew-

able energy must be prioritised;

• Energy efficiency provides a key issue in deliver-

ing energy for all;

• Delivering energy for the poorest entails the abili-

ty to integrate the supply chain, hence projects

must use the entire value chain as entry points;

• Developing countries need to work to develop an

encouraging investment environment by facilitat-

ing access to enterprise capital.

40

IN CONVERSATION

Page 41: 3GF Report Resource Efficiency and Growth

Green Job Creation

Panellists: Luis Alberto Moreno, President, Inter-American

Development Bank (IDB)

Lars Løkke Rasmussen, Chairman, Global Green

Growth Institute (GGGI)

Keung Hwan Kim, Executive Vice President & CTO,

Samsung C&T Corporation.

Moderator:Achim Steiner, Executive Director, United Nations

Environment Programme (UNEP)

Framing contentIn this session Participants explored opportunities and

challenges for the creation of “green jobs” in the tran-

sition towards a green economy. There was a general

agreement amongst participants that the debate must

be part of an overall focus on ensuring countries´ and

companies´ general competitiveness.

OpportunitiesGreen growth can create new sectors and new mar-

kets, triggering new jobs, but it is a matter of striking

the balance right between technology push caused by

policy regulations and market-driven innovations. A

global transition to a low-carbon and sustainable econ-

omy can create large numbers of green jobs across

many sectors of the economy, and indeed can become

an engine of development. Policymakers around the

world increasingly recognize that adopting sound envi-

ronmental policies can promote.

ChallengesMuch of the attraction of ‘green’ growth to politicians

and policy-makers is the apparent promise of job crea-

tion. Throughout the discussions Participants empha-

sised the complexities in defining green jobs and

measuring to what extend these are actually “new

jobs” or rather “old jobs” redefined. In the case of Ko-

rea’s green transition, Mr Kim referred that the Korean

Labour Institute estimates that only 1/3 of jobs are

new, green jobs, while 2/3s are jobs where the role has

just changed. Thus the creation of new green jobs

should be measured against the total net jobs.

Another challenges brought to the table was the con-

cern for loss of competitiveness in the transition to

green growth and green jobs. In the case of Denmark,

Mr Løkke Rasmussen argued, the many costly green in-

vestments made over the years have resulted in a situ-

ation where Denmark now suffers from lack of compet-

itiveness. Therefore, there is a need for more

international cooperation on regulation to create equal

level playing field.

RecommendationsParticipants agreed on the following:

• Policy regulations and sustainable growth strate-

gies are key to leverage green investments and a

green path way;

• Call for further international cooperation to create

equal level playing field for national businesses.

For instance investing in a truly European frame-

work for a single energy market/European smart

grid;

• Developing a business model for green growth is

extremely important to positively push business-

es to create greener investments and thus green-

er jobs;

• We must not look at green job creation apart or

isolated from general competitiveness discus-

sions. We need to link it to creation of skills, define

general business environment, competition and

free trade in general to create a net pool of new

jobs.

41

IN CONVERSATION

Page 42: 3GF Report Resource Efficiency and Growth

Water Security

Panellists: Peter Brabeck-Letmathe, Chairman, Nestlé

Fahed Bin Mohammed Al-Attiyah, Chairman, Qatar

National Food Security Programme and Organizing

Sub-Committee

Moderator:Dominique Waughray, Senior Director, World

Economic Forum (WEF)

Framing contentWater security is one of the most tangible and fast-

est-growing social, political and economic challenged

faced today. It plays an important catalysing role in the

growth of a country, enabling the development of key

economic pillars, such as food production, energy sup-

ply and industrial growth. During the session partici-

pants sought to address the complex challenges and

opportunities of water security and explore how it is

intrinsically linked to economic growth across a nexus

of issues.

Opportunities Governments can play a role in setting frameworks, but

many other stakeholders have a role to play in deliver-

ing solutions. This challenge means that coalitions are

required: public private partnerships focused on meet-

ing the water security challenge. Sustainable water

saving technologies are available and - with the right

incentives - ready to be applied. The agricultural sec-

tor, being the biggest consumer of water resources,

already has the technologies available to dramatically

reduce water consumption. However, wrong policies

and wasteful incentives, are delaying the introduction

of these new technologies. Participants agreed that

there are great opportunities for public private part-

nerships in the water area – also in developing coun-

tries. However, the appropriate regulatory framework

must be in place in order to encourage such coopera-

tion.

Challenges Water will be our biggest challenge over the next few

decades, not because of climate change, but because

of population growth and economic development.

Whether and how a government chooses to tackle

these difficult questions has important implications

for economic growth, development and long-term

competitiveness of a country. Political systems are

slow in responding and responses can be inadequate

or directly harmful. Panellist agreed that silo-thinking

in governments and institutions is hampering sustain-

able utilisation of water resources. For far too many

years “water people” have been talking to “water peo-

ple” only.

Recommendations Participants reached the following conclusions:

• We have the technologies to overcome water

shortages but policies are not in place to facilitate

the needed investments;

• The water-energy-food nexus approach is an im-

portant step forward ;

• There must be political commitment at the high-

est level to increase water efficiency to attract

the required investments;

• Governments must improve their regulatory

framework and get better organised on the water

agenda.

42

IN CONVERSATION

Page 43: 3GF Report Resource Efficiency and Growth

Renewable Energy and New Business Models

Panellists: Betty Maina, CEO, Kenya Association of Manufacturers

Vineet Mittal, Co-founder and Managing Director,

Welspun Energy

Moderator:George Kell, Executive Director, UN Global Compact

Framing contentThe renewable energy sector is expanding rapidly and

new business models are developing whereby the pri-

vate sector becomes an important partner in the provi-

sion of especially small and micro-scale solutions, in-

cluding off-grid electricity supply. In developing

countries with low energy access these systems offer

large social impacts for poor people. Incentives for fur-

ther expansion and larger scale investments from the

private sector and banks are highly dependent on na-

tional energy policies and regulations in order to se-

cure investments and remove barriers for expansion of

non-traditional energy sources.This session was draw-

ing primarily on examples from India and Kenya.

OpportunitiesAt the level of energy policy and regulations there are

many opportunities for incentivizing the expansion of

renewable energy. An example brought up from Kenya,

where the government is currently revising its regula-

tions in relation to feed-in tariffs, which will allow the

connection of decentralized energy systems to the

grid. Other opportunities lie in servicing remote areas

where the rapid expansion of mobile telephones has

spurred the installation of small, privately owned solar

power systems.

On a larger scale, industries which can make a profit

from decreasing the ‘environmental footstep’ of their

products have incentives for increasing the share of

cleaner energy in the production, as the example from

one of India’s largest textile industries showed.

Govern ment policy can also spur the expansion of re-

newable energy through cross subsidizing as the case

in India, where investments in traditional thermal en-

ergy based on coal is ‘bundled’ with requirements for

investments in renewables.

ChallengesThe energy policies and regulations in many countries

do not provide the required incentives and security for

investors in the renewable energy sector. A major bar-

rier to the expansion of renewable energy and for in-

vestments in energy efficiency therefore lies in the

challenge of financing. Other issues pertain to land

ownership in areas where the installation of for exam-

ple large scale solar power plants may be feasible. In

remote areas the installation of basic infrastructure, as

for example in Kenya, where plans to install large scale

wind power face difficulties due to poor or no access

roads for transport of equipment. The choice of energy

solutions may in some cases be influenced by powerful

agents such as the oil industry leading to a bias against

renewables. In terms of access to technology, a chal-

lenge in India lies in local governments’ requirements

to ‘local content’ whereby the technology used must

be (full or partly) based on local products. This may

prevent the use of latest technology and prevent

access to finance.

RecommendationsParticipants reached the following conclusions:

• Governments play a big role in ensuring that ener-

gy policies and regulations do not discriminate

against the expansion of renewable energy in the

overall energy supply matrix, and in ensuring that

the sector becomes attractive for private sector

investments;

• The concept of ensuring energy for all holds large

potential for renewable energy expansion and has

many social impacts. Focus on energy should

therefore be placed high on the overall develop-

ment agenda and we should look further at how to

spur local economic development;

• Further research in renewables (both technology

and mapping of e.g. potentials for solar and wind

power) is required in order to provide cost-effi-

cient solutions.

43

IN CONVERSATION

Page 44: 3GF Report Resource Efficiency and Growth

Capital MarketsPanellists: Michael Liebreich, CEO, Bloomberg New Energy

Finance

Morgan Herve-Mignucci, Senior Analyst, Climate

Policy Initiative (CPI)

Moderator:Mark Halle, Executive Director, International

Institution for Sustainable Development (IISD)

Framing contentThe transitioning to a green, climate resilient economy

will require significant investment. The financing

sources from public sectors are limited and there is an

urgent need to attract financing from the private sec-

tor. In this session Participants examined the challeng-

es in mobilizing capital flows for the transition towards

a green economy, focusing on how to change the cur-

rent environment, in order to incentivize private-sec-

tor financing from banks and capital market for green

growth.

Opportunities Sustainability is an asset; sustainably is becoming an

important part of companies’ core strategies and in-

vestors are looking for opportunities to develop sus-

tainable businesses. However, green financing often

tends to be seen as an environmental factor only. Par-

ticipants agreed that there is a need to combine the

economic, social and environmental aspects of these

drivers. Sustainability is not only about the environ-

ment, but about taking into account the triple bottom

line of economic, social and environmental factors.

Challenges The public investments are not going to have the suffi-

cient effect alone, and thus there is a need for private

funding – engagement of the capital markets. This

needs to be driven mobilized by innovative financing

mechanisms and smart public policy. Despite the ever

emerging interest in green initiatives asset allocation

of capital markets to such green investments remains

low. Participants agreed that the high risk perceptions

of green markets are still hampering green investment

at scale. It is crucial that these (real or perceived) risks

need to be addressed and risk mitigation strategies de-

veloped in order to reassure investors. The risk assess-

ment must show an upside to an investment. Other-

wise the private sector will never have the sufficient

incentives to engage and invest in green growth.

Recommendations Participants agreed that in order to engage the capital

markets in green growth the following needs to be ad-

dressed:

• The risks: Important to clearly define who will

bear the risk. It must become safer – thus more at-

tractive- for business to invest in green growth.

One possible solution is to share the risk between

the public and the private sector such as the Dan-

ish case of PFA-Pension, Siemens and the Danish

Government;

• The incentive environment: Incentives need to be

altered to get the capital market interested in in-

vesting in green growth. At the moment the risks

are too high;

• The policy environment: Policy and regulatory re-

forms must shift the incentives and the risk pro-

files of the capital markets so that financing of the

green economy becomes commercially viable;

• Innovations in financing systems: There is a need

for more knowledge on capital markets and inno-

vative financing models. This knowledge needs to

be mainstreamed. Calls for in depth examining in

future 3GF-sessions.

44

IN CONVERSATION

Page 45: 3GF Report Resource Efficiency and Growth

Economic Growth StrategiesPanellists: Connie Hedegaard, Commissioner for Climate

Action, European Commission

Soogil Young, Chairman, Presidential Committee on

Green Growth, Republic of Korea

Moderator:Mattia Romani, Director, Global Green Growth

Institute (GGGI)

Framing contentThe session brought together business and political

leaders in an informal dialogue on the possibilities for

reconciling growth and global environmental con-

cerns. Discussions focused on the question of how to

cope with the needs and requirements of an ever

growing population without depleting global resourc-

es, how to ensure job-rich growth, and how to en-

courage investments in green growth technologies.

The panellists agreed that the increasing needs of

the global population – such as the need for 50 pct.

more food, 35 pct. more energy and 30 pct. more wa-

ter by 2030 – can only be met through green growth.

Several examples were given - including air pollution

levels in Mexico City and the melting of glaciers in the

past 50 years - to prove that the current “brown-

growth” model is collapsing. It was generally agreed

that governments and politicians have the obligation

to move their economies beyond the “short-term’ism”

of the current growth model and enforce a stronger

focus on long-term sustainability through policies,

rules and regulations.

OpportunitiesThe participants felt that green growth is not a con-

tradiction in terms, as argued by some. Rather, strong

synergies exist between “green” and “growth”. Gov-

ernment regulation to protect the environment will

often generate business opportunities and create the

foundation for new comparative advantages in the

longer term. This is increasingly recognized - also by

businesses - and the export successes of first-mover

countries were highlighted to prove the point. Such

green growth models require, however, that govern-

ments get targets right, get prices right, get incentive

structure right and get policy frameworks right. Only

then will investments in green innovations and tech-

nology be attractive to the private sector.

ChallengesParticipants and panellists alike felt that the current

economic crisis poses a major challenge to the con-

cept of green growth as it reduces the funds available

for investments in green technologies. However, it

was also argued that the real challenge is not how to

end the current economic crises, as this will happen

sooner or later due to the general economic cycles.

Rather, it was felt that the real challenge will be to

ensure a job-rich recovery. Research has shown that

the green sector – renewables, waste and energy ef-

ficiency – has the potential to create 5 million jobs in

the EU alone, thus highlighting the need to kick-start

investments in this sector.

The panellist also questioned whether it will be

possible to ensure continued growth as countries

grow richer. World Bank figures were cited to prove

that annual average growth rates in rich countries

have declined since the 1960s. In these rich coun-

tries, it was argued, it might be better to change

focus from economic growth as measured by GDP

towards improvements in the quality of life and gen-

eral well-being.

RecommendationsKey recommendations from the session were the fol-

lowing:

• The notion of growth might need to be revised.

GDP-measurements cannot stand alone; parame-

ters such as pollution costs need to be taken into

account as well ;

• The current economic crisis needs to be over-

come, not by focusing on growth alone, but by

ensuring investments in the green economy,

thereby creating high-quality, job-rich and sus-

tainability growth;

• Time has come to turn the burden of proof to

those arguing for business as usual, not on those

advocating for green growth: Is there any evi-

dence that the brown economy will be able to

ensure continued growth?

45

IN CONVERSATION

Page 46: 3GF Report Resource Efficiency and Growth
Page 47: 3GF Report Resource Efficiency and Growth

Country SessionsMorocco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48

China . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

Turkey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

Indonesia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .51

Germany . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52

Brazil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .53

47

Page 48: 3GF Report Resource Efficiency and Growth

Morocco

Panellists: Musthapha Bakkoury, President and Chief Execu-

tive Officer, Moroccan Agency for Solar Energy

(MASEN)

Saïd Mouline, Director General, Agency for Energy

Efficiency and Renewables (ADEREE) and President of

the Green Economy Commission of the General

Confederation of Moroccan Enterprises

Najib Saab, Secretary General, Arab Forum for

Environment and Development (AFED)

Nena Stoiljkovic, Vice President, International

Finance Cooperation (IFC)

Moderator:Adnan Z. Amin, Director General, International

Renewable Energy Agency (IRENA)

With a new renewable energy law and a national re-

newable energy plan in place, the stage is set for a

massive green growth transition in Morocco. Besides

focusing on energy efficiency and grid development,

the government will mainly focus on greening the pow-

er generation sector. The new production capacity will

be based on national resources, which mainly implies

hydro-, wind- and solar power. Participants agreed that

Moroccan green growth transition will only be possible

through partnerships involving public, private, institu-

tional and financial investors across all levels.

Participants discussed the following points:

Morocco as a first mover in the MENA region: Broad recognition of the visionary moves by Morocco.

The country has started its transition to green growth

from the right point of departure by looking at policies

and regulative frameworks. Participants highlighted

the need to focus more on the opportunities and pros-

pects for furthering the regional collaboration. A coor-

dinated regional approach would also mitigate some of

the social, economic and political risks that are often

associated with going green and removing inefficient

and unsustainable subsidies. A coordinated approach

was considered particularly relevant in the wake of the

Arab spring and the current global economic crisis.

The Ourzazate case: The Ouarzazate solar power

plant is an excellent example of a public-private part-

nership, also including bilateral and multilateral part-

ners, financial institutions and wealth funds. Partici-

pants shared best practices on designing, planning and

financing a project of this scale.

Financing: The variety of, and complexities in, nation-

al concessional loans and grants was discussed in de-

tail. Participants examined how international coopera-

tion can enhance the quality of public-private

partnerships similar to the Moroccan examples. It was

highlighted that the issue was most often not lack of

finance, but rather lack of coordination, capacity and

know-how. The International Finance Cooperation sig-

nalled interest in contributing more to educating fi-

nancial institutions on risks, space, schemes and in-

struments available for doing green growth

investments.

Potential partners: There was a general interest in

learning from the Moroccan experiences across the

value chains. Representatives from the Ivory Coast

showed interest in visiting Morocco to discuss and

share best practices. The African Development Bank,

The International Finance Cooperation and the Inter-

national Renewable Energy Agency where all keen to

explore the possibility of partnering up with Morocco

and other interested partners.

Innovations in financing systems: There is a need

for more knowledge on capital markets and innovative

financing models. This knowledge needs to be main-

streamed. Calls for in depth examining in future

3GF-sessions.

48

Country session

Page 49: 3GF Report Resource Efficiency and Growth

China

Panellists: Wang Zhongying, Deputy Director General, Energy

Research Institute, National Development and Reform

Commission (NDRC)

Qin Haiyan, Secretary General, Chinese Wind Energy

Association (CWEA) and General Director of China

General Certification Center (CGC)

Xie Zhengwu, Vice General Manager, CECEP Consult-

ing Company

Wang Gang, Vice General Manager, Yingli Group

Wang Yao, General Manager, Longyuan (Beijing) Solar

Engineering Technology Corporation

Bi Yaxiong, Executive Vice President, China Three

Gorges Corporation

Zhang Zhengling, Director, Development and

Planning Department, State Grid Corporation

Moderators:Shi Lishan, Deputy Director General, National Energy

Administration (NEA)

Jonathan Sinton, China Programme Manager, Interna-

tional Energy Agency (IEA)

The panel presented and discussed China’s plan to

push ahead in greening its energy system, the associ-

ated business opportunities and the experiences of

public-private interaction in planning and implementa-

tion.

Participants discussed the following points:

New energy demands: After many years of conven-

tional energy sources, China’s growth has challenged

the country to find ways to green its energy system to

stem the resulting rise in carbon emissions. Its drive for

renewables has led to a remarkable growth in installed

capacity as well as the development of an associated

industry. China’s 12th Five-year Plan presents signifi-

cant goals for more sustainable energy solutions fo-

cusing on renewable energy. There was agreement

that it was not only a question of securing supply – de-

mand must also follow and energy consumers, includ-

ing businesses, must be encouraged towards a more

sustainable energy mix.

Need for coordinated action to live up to ambi-tious goals: Although progress has been made to

transform China’s energy mix towards more sustaina-

ble solutions, the progress is too slow – renewable en-

ergy accounts for only 8 % of China’s energy consump-

tion. Obstacles include problems of scale, distribution

and guaranteeing the sources. With growing industries

it will be difficult to reduce current energy consump-

tion. Significant action is needed and the speed of the

current power structure transformation must be in-

creased to meet the 12th Five-year Plan.

New Energy Demonstration Cities as specific ini-tiatives: As part of its energy strategy in the 12th

Five-year Plan, China plans to have 100 new energy

demonstration cities (NEDCs) by 2015. To become a

NEDC, a city must make full use of local renewable en-

ergy sources including solar (PV), wind, geothermal or

biological. The energy consumption must be a bal-

anced mix with a high proportion coming from local re-

newable energy sources. Possible microgrid systems to

complement the current systems. Examples of NEDCs

include Dezhou (solar), Wuhu (biomass) and Huheha-

ote (mixed). Partnerships between local government

and business key to success as well as cooperation

with overseas companies and governments.

49

Country session

Page 50: 3GF Report Resource Efficiency and Growth

50

Country session

Turkey

Panellists: Mehmet Ceylan, Deputy Minister of Development,

Government of the Republic of Turkey

Rachel Kyte, Vice President, World Bank

FeyhanYaşar, Chairperson, Turkish-Danish Business

Council under the Foreign Economic Relations Board of

Turkey and Vice Chairperson, Hedef A.S

Moderator:Sibel Güven, Managing Director, Economic Policy

Research Foundation of Turkey (TEPAV)

The term green growth is rather new in Turkey. Howev-

er, this does not mean that nothing has been done on

this front so far. The government has championed ef-

forts in greening the Turkish economy and increasing

the implementation of PPPs in several areas. Framing

the session, the Deputy Minister for Development of

Turkey, Mehmet Ceylan, presented key points from Tur-

key’s coming 10th National Development Plan, which is

currently under preparation. Special attention was giv-

en to the place of renewable energy and energy effi-

ciency.

Participants discussed the following points:

Potential for green growth in Turkey: The inclu-

sion of sustainable development as a cross cutting is-

sue in Turkey’s national development has led to green

growth even though it was not the explicit purpose.

The government has set the target to increase the

share of renewable sources to 30% in Turkey’s total

electricity production and increasing energy efficiency

by 20% until 2020. In order to reach these targets the

government offers generous incentives for green in-

vestments.

Strengthening public-private partnerships: The

ambition of Turkey to be among top 10 economies and

its plans to turn towards renewable energy cannot be

realized by the government alone but necessitates

partnerships with the private sector. Participants high-

lighted that there is a need for targeted public invest-

ments to prepare the field for private actors. Most PPPs

have been undertaken with central government agen-

cies, but it is important to include the regional level

into the green growth agenda alongside with the pri-

vate sector. The establishment of the Turkish Regional

Development Agencies was mentioned as possible

platform for accelerating green growth through pub-

lic-private collaboration.

Some barriers to be overcome: The green growth

agenda has important lessons to learn from experi-

ences with trade liberalization around the world: There

will be winners and losers and changes can be espe-

cially hard on rigid labour markets. Participants empha-

sized that it is essential to prepare and enhance the

skills of the work force in Turkey to adjust to green

growth in order to reduce the negative effects. The

cost of doing business and the low capacity of the pub-

lic sector were also mentioned as barriers to the green

growth transition.

Increased sectorial approach: There is already a

history of PPP’s in Turkey to build on. Public-private

collaborations have been carried out in energy produc-

tion, transmission, transportation, municipal services

(water supply and sanitation), and agricultural sector.

However, the current legal framework needs to be

strengthened and new sectors need to be included,

e.g. the mining sector.

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51

Country session

Indonesia

Panellists: Balthasar Kambuaya, Minister for the Environment,

Government of the Republic of Indonesia

Bapak Gusrizal, Senior Vice President, Pertamina

Seethapathy Chander, Director General, Asian

Development Bank (ADB)

Moderator:Jeremy Oppenheimer, Director, McKinsey and

Company

The Indonesian Minister for the Environment present-

ed the country’s regulatory framework and policy ob-

jectives for the energy sector, including the Vision

25/25 on energy diversification and energy mix (25 %

renewables by 2025). State-owned Pertamina, Indo-

nesia’s integrated oil, gas and petrochemical company,

presented the Integrated Renewable Energy Roadmap

and outlined concrete initiatives in support of the gov-

ernment’s Vision 25/25 in areas such as biofuels, geo-

thermal, CBM, wind energy potency mapping, and

waste to energy technologies. Asian Development

Bank highlighted some of the main opportunities and

challenges for Indonesia in years to come, including

demographic and social pressures and rising energy

demands.

Participants discussed the following points:

Development of the energy sector: The Indonesian

government has already shown a clear political com-

mitment at the highest level to pursue clean energy

objectives - both at the policy level and in terms of con-

crete initiatives. Thus the regulatory framework is in

place.

Challenges: Challenges remain in terms of existing

energy subsidy schemes, capital allocation, and de-

mands for expanded energy infrastructure. Oil and gas

will continue to be the main energy source in years to

come.

Public-Private Partnerships: Participants agreed

that PPP’s can be an important instrument in pursuing

the Indonesian government’s clean energy objectives.

However, it was also raised, that Indonesia will not

reach renewable energy target without support from

international partners.

Urbanization: Indonesia is facing continuing urbani-

zation and demographic pressures. There was a gener-

al agreement that it is important to find sustainable

solutions to increasing demands for infrastructure and

electricity. Furthermore Participants agreed that coop-

eration on ‘Green Cities’ could be an important way for-

ward for Indonesia.

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Country session

Germany

Panellists: Karsten Sach, Deputy Director General, German

Ministry of Environment, Nature Conservation and

Nuclear Safety

Caio Koch-Weser, Vice Chairman, Deutsche Bank

Group

Simon Brooks, Vice President, European Investment

Bank (EIB)

Moderator:Rick Samans, Executive Director, Global Green

Growth Institute (GGGI)

The session focused on the German power sector

transformation plan, locally known as Energiewende.

Germany has started phasing out the use of nuclear

energy, and the reasoning behind this decision was

presented as a threefold strategy: The German Gov-

ernment wishes to 1) maintain energy security and at

the same time 2) improve the climate situation. Finally

the strategy is to 3) maintain long term economic

growth and employment. The session also shared best

practices on how the political and financial support for

Energiewende was developed.

Participants discussed the following points:

The importance of “popularization”: There was

general agreement that in order to accomplish a task

as monumental as the German project it is necessary

to communicate the project to and attain the support

of the population as well as the private sector/inves-

tors. The project must come across as attractive and a

national consensus for change should be built. The

German Government is investing a large amount of re-

sources to this end.

Investments: Annual investments in renewable en-

ergy are needed to the tune of 30 billion Euros.

The importance of ensuring a politically stable environment: There was a general consensus that a

stable political environment is of crucial importance for

the implementation of a project of the German magni-

tude.

The need to expand electricity transmission nets: A central challenge is to expand the German

transmission nets and storage capacities to reflect the

foreseen increase in the reliance on renewables.

Public-private partnerships: The German project

offers new opportunities for PPP’s. Many semi-official

enterprises have already become involved.

Nightmare scenario: A nightmare scenario would un-

fold if by 2015 – 2016 no major results have been

achieved under the project and energy prices rise.

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53

Country session

Brazil

Panellists: Carlos Augusto Klink, Secretary of Climate Change

and Environmental Quality, Ministry of Environment,

Brazil

Oded Grajew, General Coordinator of the ‘Our Sao

Paulo Network’ and of the Sustainable Cities Program

and President Emeritus of Ethos Institute of Business

and Social Responsibility

Sergio Eduardo Weguelin Vieira, Deputy Managing

Director of Environmental Division, Brazilian Develop-

ment Bank (BNDES)

Luis Alberto Moreno, President, Inter-American

Development Bank (IDB)

Moderator:Tom Heller, Executive Director, Climate Policy

Initiative (CPI)

The panel presented and discussed Brazil’s policies

within the area of green growth and highlighted strat-

egies to include and engage relevant sectors, not least

the private and financial sectors in the efforts to pro-

mote green growth. The importance of technology de-

velopment and change of production methods was also

emphasized.

Participants discussed the following points:

A targeted political effort is needed to make the change to green growth: Brazil is a principal global

player in food and energy production that are funda-

mental to climate change. Brazil should work to reduce

its 2020 projected emissions by between 36 – 39%,

through: plans to reduce deforestation and forest deg-

radation in the Amazon and Cerrrado biomes; sector

plans for energy efficiency, low carbon agriculture, in-

dustry, mining, transportation, and health; the estab-

lishment of a climate change fund; the creation of a

Brazilian market for reduction of emissions.

Technology development is key: The introduction

of new technologies and new production methods in a

range of sectors is a key factor for ensuring green

growth. It was raised by Participants, that Brazil has

the scale needed for the introduction of new technolo-

gies and for testing new approaches. Moreover new

technologies and methods have an added value in

making industries more efficient and competitive. Ac-

cess to financing is very important, and south-south

cooperation can help the dispersion of new technolo-

gies and methods.

New incentives important to attract partners for green growth: In order to promote green growth it is

necessary to get a range of new players on board, in-

cluding the private and the finance sectors. This calls

for new approaches to making green growth actions

attractive, including both push and pull incentives.

Among the approaches discussed were 1) the need for

a more realistic resource pricing 2) making sustainabil-

ity a factor in the competition for political office 3) and

higher ranking of companies that do well on green

growth factors.

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Page 55: 3GF Report Resource Efficiency and Growth

Breakfast SessionsFood Futures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52

Green Innovation Project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .53

Biofuels for Aviation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

Green Business Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55

Green Growth Best Practices Initiative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56

Hydrogen for Transport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57

List of Participants 3GF2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .75

55

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breakfast session

56

Food FuturesA staggering 24 % of all food calories grown today is

lost or wasted between the farm and the fork. But a

“war on food waste” has yet to be fully waged. Now is

the time to do so, particularly as global demand is rising

and food prices are hitting historic highs. Participants

discussed how cooperation between the public and

private sectors will be an important part of that strate-

gy. They asked themselves “how can public-private

partnerships be leveraged to reduce food loss and

waste? What lessons can be learned from PPP experi-

ence on other issues? And what role could organisa-

tions in the audience play?”

Participants highlighted the following points:

We need a movement: Reducing food loss and waste

is one of those issues that “seems like a win-win-win”

for the economy, environment, and people (producers

and consumers), but there is not a rallying cry to move

on it like there is on some other issues. The opportuni-

ty seems ripe for a “movement” to tackle food loss and

waste.

Some key success factors to keep in mind: Partici-

pants described a number of key success factors on

PPPs that would be applicable to a PPP to tackle food

loss and waste, namely: Find partners with comple-

mentary competencies, set a shared target (even if you

don’t know yet how to get there), measure progress,

tackle both production and demand sides of the equa-

tion, capture the imagination of those who need to act

(via images, statistics), engage policymakers, leverage

private sector (e.g., food manufacturers, retailers) to

influence behaviours of consumers and farmers, mobi-

lize people via social networks and more.

What gets measured gets managed: Although

some basic figures on food loss and waste exist, data is

still sparse by country and by company/value chain.

What is needed is the development and widespread

use of a protocol for quantifying food loss and waste.

Once countries and companies measure how much

(and where in the value chain) food is lost or wasted,

they are likely to be motivated to take steps to curtail

the loss/waste. Developing such a protocol would be a

good PPP, akin to what WRI did on greenhouse gases

with the WBCSD.

A few words of caution: Participants shared a few

words of caution when it comes to entertaining a new

PPP on food loss and waste:Only do a partnership if it is

absolutely necessary. Transaction costs of partnerships

can be high.

• One needs to scope the boundaries of such initia-

tive tightly; otherwise it gets too broad and un-

wieldy. Participants mentioned biofuels (a use for

food waste), off-farm food harvesting (e.g., wild

game), the food quality (nutrition) issue, etc.

• Be able to identify what value to the table a global

PPP would bring that isn’t being met by the local

efforts that exist

Moderator:Andrew Steer, President and CEO, World Resources

Institute (WRI)

Panellists:Mette Gjerskov, Minister for Food, Agriculture, and

Fisheries, Denmark

Peder Tuborgh, CEO, Arla Foods

Fokko Wientjes, Director of Sustainability, DSM

Dominic Waughray, Senior Director, World Economic

Forum (WEF)

Craig Hanson, Director, People & Ecosystems

Program, World Resources Institute (WRI)

Organiser of the initiative:Craig Hanson, Director, People & Ecosystems

Program, World Resources Institute (WRI), chanson@

wri.org

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breakfast session

57

Green Innovation ProjectParticipants discussed cultivating innovation ecosys-

tems and looking beyond technology transfer to en-

courage greater levels of innovation in developing

countries. Various national and regional initiatives

were highlighted, and discussion focused on how to

integrate these initiatives into formal processes.

Participants highlighted the following points:

Supporting developing country innovation should focus on cultivating ecosystems: Projects

need to go beyond technology transfer and build on

existing programs in the areas of trade, standards,

subsidies, research, collaborative efforts, patent

pools, etc. More support is needed for disseminating

best practices, catalysing entrepreneurship, de-risk-

ing investments, and promoting monitoring and evalu-

ation.

Danish initiatives are taking steps to fill these gaps, but constraints still exist: The Government

of Denmark aims via its bilateral development assis-

tance to inject more innovation and entrepreneurship

into the development process by facilitating develop-

ment of partnerships and combining universities, civil

society and businesses to focus on needs. The Climate

Innovation Center in Kenya was highlighted as an inno-

vative example. Constraints for these initiatives in-

clude intellectual property, trade barriers, and creating

ownership among local partners.

Mexican diplomacy and national initiatives seek to bolster formal international institutional pro-cesses: Meetings held at COP16 in Cancun under-

scored the need for technology centers. As a result, an

independent center for sustainable development was

created in Mexico, with a focus on understanding prac-

tical problems.Next steps for similar initiatives will be

to establish networks/incubators, and create better

engagement with the private sector.

There is a need to understand how innovation happens, and experiment with alternative mod-els: Need to understand how policy, technology and

markets work in conjunction with one another, and de-

termine how they fit into new markets and new areas.

The US has been experimenting with alternative mod-

els through its ARPA-E program (mainly for defence),

but also through energy innovation hubs focused on

universities, and national labs which are responsible

for translating ideas to marketplace with varied suc-

cess.

What should a technology mechanism look like to be most effective: The focus should move away from

process and toward institution, and examine the ele-

ments that need to form a top down structure for bet-

ter consistency and coverage. Important to look at ex-

isting national initiatives that are already doing this

successfully and build on best practices.

Closing discussion on integrating ideas into formal pro-

cesses: Suggestions were put forward to use the UN-

FCCC COP meetings as a platform for adopting new ide-

as; the OECD was also offered as a body that could

potentially house discussions on cooperation policies.

Moderator:Rick Samans, Executive Director, Global Green

Growth Institute (GGGI)

Panellists:Christian Friis-Bach, Minister for Development

Cooperation, Denmark

Katherine Sierra, Senior Fellow, Brookings Institu-

tion

Juan Rafael Elvira Quesada, Minister for Environ-

ment and Natural Resources, Mexico

Graham Pugh, Director, Office of International

Climate Change Policy and Technology, United States

Department of Energy

Organisers of the initiative:Katherine Sierra, Senior Fellow, Brookings

Institution, [email protected]

Rick Samans, Executive Director, Global Green

Growth Institute (GGGI), [email protected]

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breakfast session

Biofuels for AviationAfter preliminary discussions on the current state of avia-

tion biofuels and the need for the aviation sector to look at

this energy source in the medium- and long-term, the sus-

tainable aviation biofuels group concluded on the follow-

ing action-items:

Participants highlighted the following points:

It would be beneficial for the aviation industry to formulate

a long-term road map including mapping the biofuel feed-

stock and production possibilities in numerous locations

worldwide. The roadmap should outline the key challenges

that need to be overcome in each location and clearly state

the expected timeframes for development. Importantly, it

should also determine the regulatory framework needed

to ensure the required investments and production capac-

ities to meet both aviation’s biofuel quantity demand and

price level, competitive with fossil kerosene.

The Nordic Sustainable Fuels Initiative will be used as an

inspiration for what is required on a broader basis, consid-

ering local capabilities and needs. More involvement of

multinational oil companies is a vital step to determining

the feasibility of producing, delivering and storage of large

quantities of sustainable biofuels to aviation and should

be explored further.

Different regulatory sustainability standards exist world-

wide, using incompatible methodologies e.g. for determi-

nation of lifecycle greenhouse gas emissions. In order to

allow international airlines to get recognition of their bio-

fuel use in all relevant countries, it is desirable to harmo-

nise or at least agree on mutual recognition of sustainabil-

ity standards.

Governments should be encouraged to provide incentives

for the use of sustainable fuels by the aviation sector – in-

cluding de-risking the investment of fuel partners in feed-

stock production, technical production solutions and infra-

structure development.

Governments and scientific research organisations should

be encouraged to support and provide fundings for pilot

projects, new feedstocks and production pathways.

Both intermediate and long-term framework should be

considered, taking into consideration the presently availa-

ble technologies as a stepping stone towards new technol-

ogies that provide the ultimate solution for sustainable

energy for aviation.

The PPP initiatives are imperative to reach a combination

of economic and practical solutions that assure a realistic

road map towards a sustainable aviation industry.

Some form of prioritisation of biofuels for use by aviation

(and other sectors which have no alternative to liquid fuels

in the foreseeable future) should be explored. At the very

leas t, aviation biofuels should be allowed to compete on

an equal basis with biofuels for road transport, which they

currently cannot do in, for example, Europe.

The participants agreed to set to work on formalising

these initiatives during the next 12 months, firstly within

the Nordic region but with the possibility to be expanded

towards a broader area.

Moderator:Robert Arendal, Chairman, Sustainable Biofuels

Network

Panellists:Henrik Bindslev, Vice Dean for Research, Aarhus

University

Haldane Dodd, Head of Communications, Air Transport

Action Group (ATAG)

Kristine het van Erve Grunnet, Head of Secretariat,

Danish Bioenergy Association

Jesper Nerlov, Executive Vice President,

HaldorTopsøe A/S

Martin Porsgaard, Director of Sustainability and

Environment, Scandinavian Airlines (SAS)

Seungwook Yang, President, Hyundai Motor Europe

TechnicalCenter GmbH

Organisers of the initiative:Robert Arendal, Chairman, Sustainable Biofuels

Network, [email protected]

Martin Porsgaard, Director of Sustainability and

Environment, Scandinavian Airlines (SAS), martin.

[email protected]

Haldane Dodd, Head of Communications, Air Transport

Action Group (ATAG), [email protected]

Kristine het van Erve Grunnet, Head of Secretariat,

Danish Bioenergy Association, [email protected]

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breakfast session

Green Business ModelsParticipants discussed and showed how companies

can change the way they do business to focus on

sustainability and environmental protection and

make a good business case. Barriers to greening

companies were identified as well as potential meas-

ures that can support the transformation of compa-

nies’ business models.

Participants highlighted the following points:

Companies are starting to change the way they do business: There is a new global trend that is

moving fast where companies are changing the way

they do business by focusing on being socially and

environmentally responsible. However, there are still

many companies which are continuing to do business

as usual.

New ways of doing business require new val-ue-chains: As focus shifts towards the new para-

digm of a circular economy, it will be necessary to

build new value-chains. In order to reduce resources

or use them in a new way, companies and govern-

ments will have to build and act according to a new

business infrastructure.

Long-term solutions must be addressed: Markets

tend to think short-term but policy can assist in en-

hancing long term thinking through setting targets

on renewables, creating standards to promote green

solutions and regulation to encourage green busi-

ness models. New criteria for a growth model (GDP)

should be set forth to support the new paradigm of

green growth. This will require systems thinking

from governments and the development of new in-

frastructure and systems.

Scaling up and financing: In order to scale up the

use of green business models, it will be necessary to

enhance access to finance. Capital markets think

short term and are less willing to invest in costly ma-

chinery or processes in companies that want to re-

use resources or green themselves in other ways.

New business models must be developed in the fi-

nance sector to enable a green transition of compa-

nies.

Moderator:Dirk Pilat, Head of Structural Policy Division,

Directorate for Science, Technology & Industry,

Organisation for Economic Co-operation and Develop-

ment (OECD)

Panellists:Georg Kell, Executive Director, United Nations Global

Compact

Connie Hedegaard, Commissioner for Climate

Action, European Commission

Michael Dithmer, Permanent Secretary of State for

Business and Growth, Ministry of Business and

Growth, Denmark

Peter Bakker, President, World Business Council of

Sustainable Development (WBCSD)

Ellen MacArthur, Founder, Ellen MacArthur

Foundation

Peter Madden, CEO, Forum of the Future

Henk de Bruin, Senior VP and Head of Sustainability,

Philips

Stef Kranendijk, CEO, Desso

Steen Riisgaard, CEO and President, Novozymes

Organisers of the initiative:Kristian Henriksen, Special Advisor, Ministry of

Business and Growth, Denmark, [email protected]

Natalia Glette, Senior Advisor, Nordic Innovation,

[email protected]

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breakfast session

60

Green Growth Best Practices InitiativeThis session shared success stories and lessons from

green growth initiatives around the world by govern-

ments and the private sector. It also included a short

overview of the Green Growth Best Practices and dis-

cussion across the participants on priority topics for

in-depth assessment and peer learning on green

growth.

Participants highlighted the following green growth best

practices and issues where comparative analysis and

peer learning across government and business programs

could have high value.

Strong Institutional Frameworks and Political Sup-port: Denmark and the Republic of Korea have enjoyed

success with their green growth programs in large part

due to the commitment of their political leaders and to

the establishment of well-developed processes for inte-

gration of green growth into planning and budgeting pro-

cess for government agencies.

Competitiveness Value of Green Transformation.

Several businesses and governments have recognized

that green transformations of systems are required to

catalyse sustained economic growth. There is a need for

enhanced analysis and documentation of the impacts on

competitiveness of the long-term investments that busi-

nesses and governments are making in green technolo-

gies, systems, and infrastructure. This could include

compiling the best available information from around the

world on the current and projected market positioning of

these leading businesses and governments relative to

their peers who are pursuing more traditional paths. This

will also help overcome the arguments of doubters on

the cost of green growth investments.

Fostering Leadership through Innovation and Peer Pressure. Green transformation often requires a com-

mitment to policy, technology, and business innovation.

Government innovation policies, horizontal business in-

tegration, and education and recognition / peer pressure

programs are key elements for success.

Communication of Benefits. Significant effort needs

to be devoted to communicating the value proposition

for and benefits of green growth to all stakeholders to

build their support and to overcome resistance from en-

trenched interest groups.

Global Best Practice Assessment of High Value.

The participants noted strong interest in the planned as-

sessment of green growth best practices, sharing addi-

tional specific suggestions for the analysis and noting

interest in contributing as authors and in peer learning

and exchange forums.

Moderator:Ron Benioff, Director, Green Growth Best Practice

(GGBP) Initiative

Panellists:Pia Olsen-Dyhr, Minister for Trade and Industry,

Denmark

Soogil Young, Chairman Presidential Committee on

Green Growth, Republic of Korea

Michael Liebreich, CEO, Bloomberg New Energy

Finance

Dickson Giles, Vice President, Alstom

Howard Bamsey, Special Government Advisor on

Green Growth, Australia

Organiser of the initiative:Ron Benioff, Director, Green Growth Best Practice

Initiative (GGBP) and Program Manager, U.S. National

Renewable Energy Laboratory (NREL) and Global

Green Growth Institute (GGGI), [email protected]

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breakfast session

61

Hydrogen for Transport

Signing of Nordic Agreement on market introduction of

hydrogen for transport

As part of the session a number of leading car manufac-

turers and Nordic organizations signed Memorandum of

Understanding (MoU) on market introduction of hydro-

gen for transport in the Nordic countries during the peri-

od 2014-2017. The MoU Partners will actively pursue

planning of fuel cell electric vehicle deployment and roll-

out of a network of hydrogen refuelling stations in the

Nordic countries.

The signing was witnessed by the Danish Minister for

Transport, Henrik Dam Kristensen & Director of the In-

ternational Energy Agency, Bo Diczfalusy.

Soichiro Okudaira, Managing Officer Toyota Motor

Corporation states:

“The Nordic countries are already recognised as world

leaders in advanced renewable green energy such as hy-

droelectricity and wind energy. I am pleased that Toyota

has the opportunity to participate in this collaboration

seeking to advance hydrogen fuel cell technology, some-

thing we see as a vital part for the future of automobiles.

As an automotive manufacturer, we not only aim to de-

velop ever-better products to meet the needs of our cus-

tomers, our dedication to eco-mobility also stems from

our company’s fundamental principles to contribute posi-

tively to society.”

Further quotes from the MoU partners are available in the

press release:

www.scandinavianhydrogen.org/shhp/press/toyota-

nissan-honda-hyundai-sign-mou-on-market-

introduction-of-fuel-cell-vehicles-in-nord

Session included the following speakers:Introduction by Mikael Sloth, Scandinavian Hydrogen

Highway Partnership (SHHP) Chairman

Statement by Henrik Dam Kristensen, Danish Minister

for Transport,

Statement by Bo Diczfalusy, Director, International

Energy Agency (IEA)

Short statement by selected MoU partnersBy car manufacturers: Toyota, Hyundai, Honda & Nissan

By infrastructure companies: HyOP AS and H2 Logic A/S

Organiser of the initiative:Scandinavian Hydrogen Highway Partnership

www.scandinavianhydrogen.org

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Opening Statements

63

Ms Helle Thorning-Schmidt, Prime Minister, Denmark . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

Mr Hwang-sik Kim, Prime Minister, Republic of Korea . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66

Mr Juan Rafael Elvira Quesada, Minister for Environment and Natural Resources, Mexico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68

Mr Liu Qi, Vice Minister National Energy Administration, China . . . . . . . . . . . . . . . . . . . . . . . . 70

H .E . Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister, Chairman of the Administrative Control and Transparency Authority, Qatar . . . . . . . . . . .73

Hon . Prof . Peter Anyang’ Nyong’o, Minister of Public Health, Kenya . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .75

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64

Opening statements

Ladies and Gentlemen,

Welcome to the second Global Green Growth Forum in

Copenhagen. I am very pleased that so many prominent

representatives from governments, businesses and or-

ganizations have accepted our invitation. As we all

know, there is a need to act.

The world is moving too slowly towards a green

economy. In recent years all nations have come to-

gether on several occasions to provide common an-

swers to a common challenge: To ensure inclusive

economic growth while promoting a sustainable use

of resources.

On those occasions we have agreed on the headlines,

but we have failed to agree on specific goals and the

way ahead. The Rio+20 conference is a case in point:

we agreed on the notion of green economy, but failed

to agree on the targets that would lead us there.

We need to deal with problems such as water scarcity,

climate change and pollution. One fifth of the world’s

population is faced with scarcity of water. This year we

had the warmest summer on record in the Northern

Hemisphere. And the Arctic sea ice has shrunk to a re-

cord low. In some of the biggest cities in the world, pol-

lution prevents you from seeing the blue sky. We can-

not ignore these facts.

I want to make three observations on the way forward

towards a green economy.

Firstly, we need an action-oriented approach. At a time

where the green agenda seems to have lost momen-

tum, we want to get the process back on track and turn

good intentions into action. The top down approach

has failed to define sufficient regulation and specific

targets that will push the greening of our economies

forward.

The Danish government will continue to push for multi-

lateral solutions, but at the same time we want to act

bottom up.

That is why we are gathered once again in Copenhagen

for the Global Green Growth Forum. Because we be-

lieve it is time for action. 3GF offers a unique platform

for governments, businesses and organizations to

form coalitions that will drive the green transition for-

ward.

A Danish humorist Storm P – he is world-famous in

Denmark – once said: “Everybody is talking about the

weather; nobody is doing anything about it.” The Glob-

al Green Growth Forum is doing something about it. My

second observation is that we need to bring the private

and public sector together. I am very pleased to see so

many private sector representatives at the Forum.

CEOs from all over the world are present today and that

is a token that you share our hope and vision for a

greener and more sustainable future. And it demon-

strates the economic potential of public-private part-

nerships. The private sector is absolutely critical for

turning words into deeds. To ensure sustainable eco-

nomic growth.

My final observation is that we need to forge alliances

on green growth that bridge the divide between the

developed and developing world. The 3GF partner

countries underline my point.

The governments of Denmark, Mexico and Korea

launched the 3GF last year. Today, I am proud to wel-

come three new partners: China, Qatar and Kenya. At a

quick glance, we might not seem to have a lot in com-

mon: we cover the whole spectrum of development.

We are situated on four different continents. And our

energy mix varies substantially. But we share a com-

mon ambition: to ensure sustainable economic growth.

I look forward to the debates today and tomorrow. And

the dialogue will continue, including in the framework

of new partnerships that will be launched in the com-

ing days. I already look forward to welcoming you back

next year in order to follow up on the work and discus-

sions initiated at the Green Growth Forum.

Thank you.

Opening Statement by Ms Helle Thorning-Schmidt, Prime Minister, Denmark

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66

Opening statements

Your Excellency, Ms. Helle Thorning-Schmidt, Prime

Minister of Denmark, Excellencies,

Distinguished Participants,

I am veryhonored to be here to witness and celebrate

with all of you the remarkable advance and spread of

green growth.

To date, green growth has certainly become an exem-

plary strategy to simultaneously address climate

change and achieve economic growth.

In the course of pursuing green growth, the Republic

of Korea and the Kingdom of Denmark/ have further

consolidated our relations. During President Lee

Myung-bak’s state visit to Denmark last year, our two

countries established the Green Growth Alliance. It is

an alliance based on common perception of the prob-

lem, common sense of direction and common view for

the future.

This has led our two countries to collaborate, beyond

the bilateral level, on a global scaleby initiating the

Global Green Growth Forum and through our partner-

ship in the Global Green Growth Institute.

I would like to take this opportunity to convey my sin-

cere congratulations to the Danish government for

having successfully organized the second 3GF meet-

ing.

Distinguished participants,

The main theme of this forum, “Resource Efficiency,” is

very relevant and timely. It is not by chance that “Re-

source Efficiency” has been referred to as the fifth en-

ergy source. It represents a realistic but powerful

measure for addressing resource exhaustion, mitigat-

ing climate change and, ultimately, contributing to the

achievement of green growth.

The implementation of resource efficiency, of course,

requires concerted efforts of all stake-holders, includ-

ing governments, companies, and civil societies. In this

sense, allow me to share with you the efforts each

stakeholder is making in Korea to improve resource ef-

ficiency.

The Korean government has included resource effi-

ciency as a major element in its green growth policies.

The Korean Presidential Committee on Green Growth,

which I chair, worked out the ‘Five-year National Plan

for Green Growth’ and the ‘Roadmap for 27 Core Green

Technologies’ with much emphasis on this element.

The government has also set up the ‘Energy Efficiency

Bureau’ in the Ministry of Knowledge Economy to coor-

dinate relevant national efforts. In response to these

government initiatives, Korean companies have been

exerting many efforts on their part/ to develop a wide

range of energy efficient technologies. These include

LEDs, secondary batteries, low emission green cars,

eco-friendly buildings and smart grids. Many of them

are now more than prototypes and are applied at an

industrial and commercial scale.

Also, Korean companies have taken considerable ef-

forts in cooperation with the government to develop

Eco-Industrial Parks where one industry’s waste

stream can be used as raw materials by another.

All of these efforts by the government and companies

are being supported by enhanced public conscious-

ness on resource efficiency. Increasing number of our

citizens are adopting a low-carbon green lifestyle.

Carbon labels are found on almost all products, while

many citizens are now familiar with green cards and

green stores.

Opening Statement by Mr Hwang-sik Kim, Prime Minister, Republic of Korea

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67

opening statements

I am happy to discuss with you all these efforts we are

making in Korea.

At the same time, I look forward to learning more from

you about your efforts, achievements and best prac-

tices.

Distinguished participants,

Let me now turn my perspective from national to glob-

al level.

Resource efficiency, a crucial element for Green

Growth, is an agenda that should be addressed not

only domestically but also through global efforts and

mechanisms, such as this 3GF and the GGGI.

I am very pleased to observe that these global mecha-

nisms for Green Growth are working well.

The Global Green Growth Institute will be converted

into a full-fledged international organization with its

17 founding member countries participating in the in-

augural meeting to be held in Seoul on 23 October.

I would like to express my sincere gratitude to all

like-minded countries who share the vision and com-

mitment of the GGGI, and would also like to request

your continued support for its success.

In particular, I hope the 3GF will work more closely with

the GGGI.

For instance, it would be excellent for all of us if the

GGGI hold a session in the 3GF next year to share its

best practices to promote public-private partnership

for green growth in developing countries. Talking

about global mechanisms, let me turn briefly to the

Green Climate Fund/ agreed upon at the 16th Confer-

ence of Parties of the UN Framework Convention on

Climate Change which was held in Cancun in 2010. Ko-

rea is firmly committed to the cause of the Climate

Change Convention and believes that it can make a

unique contribution as a bridge among developing,

emerging and advanced economies.

It is by the same token/ that Korea now wishes to host

the Secretariat of the GCF. We often talk about synergy

we can get from putting together policy, technology

and finance. We already have the GGGI and the Green

Technology Center in Korea, standing for policy and

technology, respectively. If we can host the GCF Secre-

tariat in Korea, we will be able to complete the green

triangle which will create synergyof policy, technology

and finance.

Excellencies,

Distinguished Participants,

It was only last month that President Lee Myung-bak

came to visit this beautiful country and Greenland.

One of the things President Lee observed in Green-

land, unfortunately, was the unmistakable signs of the

climate change in progress.

It falls upon all of us to slow and stop such a progress.

Let me conclude by expressing my hope that the ideas

and commitments emerging from our discussions at

this second 3GF will inspire us to take concrete actions

to cope with this global challenge together and achieve

‘The Future We Want’ for us, for our children/ and the

generations to come.

Thank you very much!

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68

Opening statements

Honorable Ms. Helle Thorning-Schmidt, Prime Minis-

ter of Denmark,

Honorable Mr. Hwang-sik Kim, Prime Minister of South

Korea,

Honorable new members of the 3GF,

Ladies and gentlemen,

I am honored to address you again this year at the

Second edition of the Global Green Growth Forum, on

behalf of President Calderon. -He regrets not being

with you and sends his best wishes for a successful

event.

I thank the government of Denmark for their kind invi-

tation, and congratulate the Organisers for succeed-

ing again in gathering leading actors who are paving

the way to make inclusive green growth the standard

way of life.

The current economic and environmental crises have

inspired leading visionaries from all over the world, to

launch and pursue innovative initiatives to tackle both

crises.

Inclusive green growth offers diverse opportunities

for win-win gains from the economic, social and envi-

ronmental perspectives.

Amongst the different answers, the 3GF stands today

as one of the most important forums to pursuit green

growth from a public-private approach.

Mexico joined this initiative last year convinced of the

great potential of the 3GF. The 3GF has been opera-

tional to build up collaborative nets of action for pub-

lic and private sectors to transit to low carbon econo-

mies. It has also been influential for catalyzing

synergies amongst different processes and initiatives,

to embrace the path towards green growth.

Mexico´s presence in this initiative is a reflection of

our belief that through this Forum we build action to

fight climate change and transit towards a greener

economy.

In December 2010, Mexico hosted the Cancun Cli-

mate Change Conferences, which provided an oppor-

tunity for the international community to reach cru-

cial agreements such as the formalization of the

Green Climate Fund and the fast start financing

commitment. COP-16 appealed also to formulate na-

tional Low-Emission Development Plans, recognized

REDD+, decided to create technological and adapta-

tion instances, and committed to keep the average

increase in global temperature below two degrees

centigrade.

During its Presidency to the G20 this year, Mexico in-

cluded inclusive green growth as a priority. Amongst

the different outcomes from Los Cabos Summit, we

now have:

• A report that incorporates green growth and sus-

tainable development in structural reform agen-

das and reaffirms our commitment to reduce fos-

sil fuel subsidies;

• Methodological packages to help developing

countries design their own green policies accord-

ing to their circumstances; and

• A proposal for a partnership with the private sec-

tor to promote financing initiatives for sustaina-

ble development.

Mexico is as well an active promoter of other initia-

tives as the OECD Green Growth Strategy; the UN

green economy initiative; the Green Growth Knowl-

edge Platform launched in Mexico City in 2012, and

the Green Growth Action Alliance (G2A2) launched by

the Business 20 (B20) in Los Cabos, Mexico last June.

Opening Statement by Mr Juan Rafael Elvira Quesada, Minister for Environment and Natural Resources, Mexico

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69

opening statements

Walking firmly towards a green economy in Mexico has

been at the center of our National Development Plan

2007-2012, and different public policy instruments

have been implemented.

For instance, we have built a strong institutional basis

to addressing climate change through the creation of

an Inter-ministerial Commission on Climate Change

(2005), a Special Program on Climate Change (2009-

2012) and lately the enacting of a new legislation that

has brought Mexico to the forefront of climate change

legal frameworks.

Mexico’s General Law on Climate Change coordinates

actions from public and private sectors, as well as civil

society to tackle this challenge. The law also confirms

our target of reducing Green House Gas Emission 30%

by 2020, and 50% by 2050 from the 2000 level, condi-

tional to international financial support.

A few days ago, President Calderon announced the fi-

nalization of our Fifth National Communication to the

UNFCCC. We report to the international community that

we are decupling our greenhouse gases emissions from

economic growth: between 1990 and 2000 the Mexican

economy grew 2.5% while our emission only grew 1.5%.

The business sector has been key in bringing our

greenhouse gas emissions down. Our Leadership for

Environmental Competitiveness Program involves the

participation of over thirty five hundred companies in

eco-efficiency practices. Between 2006 and 2011

these companies avoided 19.6 million tons of CO2, rep-

resenting 10% of the total emissions from the private

sector identified in our Climate Change Program.

One of the most valuable contributions of the 3GF is

the richness of bringing together forefront-runners in

the promotion of a more sustainable path of growth. I

would like to take this opportunity to welcome China,

Kenya and Qatar as new partners to this relevant fo-

rum. Their participation will enrich our dialogue from a

developing country perspective.

Mexico shares and promotes the 3GF vision to boost

synergies between forums and processes.

Only by adding, combining and coordinating efforts we

will accentuate the progress.

I wish you all a very fruitful second 3GF.

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70

Opening statements

Honorable Ms. Helle Thorning-Schmidt, Prime Minister

of Denmark,

Deepen Renewable Energy Industry Cooperation,

Achieve Green Growth by Joint Effort

Dear Guests, Ladies and Gentlemen,

I am very pleased to be invited for the 3GF. As the

whole international community jointly addressing fi-

nancial crisis and green economy, today we are here

again in Copenhagen, with representatives from politi-

cians, enterprises, and international organizations, to

discuss the strategy for global green growth, and the

plan for the green industry development. Because we

know such an important forum will greatly and signifi-

cantly contribute to global economy recovery, and to

the global economic, social and environmental sustain-

ability.

As we can understand, the key theme of green growth

shall extend the integration, harmonization and sus-

tainability of the economic development, social culti-

vation and ecological improvement. Green growth shall

not only need to transform the energy production and

utilization patterns, but establish the matched eco-

nomic and social activity patters, finally achieve the

harmonization between human being and nature. To-

day, we are confronted with severe challenges of ener-

gy and environment globally. It already becomes the

global trend and common understanding to keep to-

ward green growth. Many of the countries in the world

put renewable energy into a very high priority and re-

gard it as important measures for green low carbon de-

velopment, integrating green concept and connotation

into energy policy development process. As I know,

some countries have developed energy transition

strategy and planned the future development. Den-

mark is the most advanced country among the EU

members to improve green industry regarding renewa-

ble energy technology and renewable energy industry,

always as a world leading country. In the last few years,

China and Denmark have developed very close and

deep cooperation in the field of renewable energy, esp.

significantly for the wind energy resource assessment,

wind power grid integration, etc.. We witnessed the re-

newable energy cooperation achievements in both

countries. We also believe that such cooperation will

certainly contribute to global green growth.

Currently, China is in the process of economic develop-

ment pattern transformation. China government will

pay a high attention to renewable energy develop-

ment. And it will regarded as one of the most measures

to address energy development pattern transition, en-

ergy mix adjustment, green house gas emission reduc-

tion, and sustainable development. China keeps accel-

erating the renewable energy market liberalization

through legislation such as publicizing the Renewable

Energy Law, renewable energy development planning,

as well as economic incentive instruments. Now, re-

newable energy already played a very important role in

energy supply system and important new strategic in-

dustry in China. Currently, China is the most significant

country for wind power growth. By the end of 2011,

the accumulative wind power installation has reached

47GW, with annual electricity production 71.5 billion

kWh. In the year 2012, China wind power keeps stable

increase, with an estimation of new installation about

15GW. Therefore, accordingly, by the end of 2012, wind

power installation will exceed 60GW in China with an-

nual electricity production about 100 billion kWh. Solar

power market quickly response in China with feed-in

tariff and economic instrument, supporting the solar

energy product and technology utilization. By the end

of 2011, the accumulative application for solar PV has

reached 3 GW, and over 5 GW new installations annual-

ly in the last few years. In the same time, we actively

support national demonstration projects in different

areas. We conduct the new energy city demonstration

project and green energy county demonstration pro-

ject to promote renewable energy application both in

Opening Statement by Mr Liu Qi, Vice Minister, National Energy Administration, China

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71

opening statements

city and rural areas. To address the grid integration is-

sues, we conduct the micro grid demonstration project.

All these projects have demonstrated the advantages

of renewable energy to green growth among different

areas in China.

With the fast growth of renewable energy develop-

ment in size, the industry and market has formulated in

China. For wind power, many Chinese enterprises re-

searched more than 5MW wind turbines, and the main

components, gear box, generators, blades etc. have

also been industrialized and localized. For solar PV,

pulled by national and international market, the solar

PV cell manufacturing and industry chain was quickly

established, and the PV modules and power cost went

down significantly. Therefore, solar PV power become

more and more competitive and started scale up. It

shall be acknowledged that China’s renewable energy

development did contribute greatly to global renewa-

ble energy development and prosperity.

We just publicized the 12th five year planning for re-

newable energy development. This Planning identifies

the priorities and tasks of renewable energy develop-

ment during the year 2011 to 2015. By 2015, we devel-

op the objectives for renewable energy. Wind power

will reach 100GW, solar power will reach 21GW and the

total non-fossil fuel will reach 478 million tons of

standard coal equivalent, increased by 200 million

tones of standard coal equivalent compared with the

year 2010. We are quite confident that China will be-

come one of the largest countries regarding the devel-

opment and utilization size for new installed renewa-

ble energy in the world.

China is a large developing country and at the critical

stage of industrialization and urbanization.Also China

is faced with severe energy and environmental issues.

Therefore, China is making every effort to achieve

green growth through controlling energy consumption

cap in a reasonable way, increasing energy utilization

efficiency, developing renewable energy. And relevant

policy making and project development are adopted

and implemented. We are so pleased many countries in

the world is willing to and also they do proceed with

the same objectives and hand in hand. However, there

is also some non-harmonized voice in the process. The

trade issues surrounding China’s renewable energy

product come out in an endless stream. We are sure

such issues have already hit the global renewable en-

ergy scale up at a deep and wide level. Obviously, nei-

ther are various trade protection actions in line with

the global efforts to promote green growth, nor inter-

national free trade codes, even more direct harm to

their civil benefits. Some countries ignore the fact that

China’s economy is highly marketized and industry is

emerged into international system. They abused trade

protection tools and as result, they harm others but

still cannot benefit themselves. The only thing they

can get is hinder the international enabling environ-

ment to support green growth.

Renewable energy is a great career for all the human

being’s benefits. At its early stage, small scale and

weak risk abatement capacity need joint efforts by in-

ternational community and establish the fair market

order. In the context of prosperous renewable energy

development in the world, we hope all the countries

jointly be active and provide substantial actions to sup-

port renewable energy development, contribute to

green growth.

Here I would suggest in the following three points:

1. develop technology cooperation and speed up the

global economy and industry integration. Globali-

zation is the main stream in the world economic

development. The international specialization

and cooperation in various sectors is continuous-

lystrengthened. The need for the international

technology transfer and the commodity interna-

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72

Opening statements

tionalization is accelerating the global economy

and industry integration. To strengthen the inter-

national technology cooperation for shall greatly

benefit the international flow of the essential

productive factors and efficiently allocate the re-

sources, speed up the global economic and indus-

trial integration and improve the sustainable and

healthy economic development.

2. remove trade protection barriers and promote

free move of renewable energy technology and

product in the global market. Free and easy trad-

ing system shall be promoted and various trade

protectionism shall be opposed. Policy and regula-

tions for free trade shall be developed and imple-

mented globally, trade protection barriers shall be

removed, the advanced and economical renewa-

ble energy technology and product shall be pro-

moted to create a strong global renewable energy

industry.

3. speed up and improve the global cooperation

mechanism, and create an enabling environment

for global technology transfer. The global cooper-

ation system shall be established and improved

quickly and an enabling environment for global

technology transfer shall be created, to promote

technology innovation and technology transfer,

flow and circulation. The developed countries

shall implement the commitment of technology

transfer and financial grant under the global cli-

mate change framework, help the developing

countries to develop clean energy technology and

industry, accelerate global renewable energy

technology transfer. Therefore, renewable ener-

gy industry could be blooming quickly in the world,

and contribute to global energy system transition

as well as economic development.

Ladies and gentlemen, to develop renewable energy is

the important option to address global climate change,

create new and strategic industry, and achieve eco-

nomic strategy transition, as well as the guarantee to

global economic and social sustainability. We do need

make efforts hand in hand to promote renewable ener-

gy industry development and achieve global green

growththrough wide and effective international coop-

eration and actions.

Exchange generates common understanding, which

promote cooperation, which in turn results in all-wins. I

sincerely hope all the representatives make full use of

the Forum for wide exchanges and deep discussions.

All your knowledge and intelligences will transfer the

creative ideas and actions plans to promote global

green growth.

Finally, wish the success of the Forum!

Thank you.

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73

opening statements

Prime Minister THORNING-SCHMIDT,

Prime Minister KIM,

Minister ELVIRA QUESADA,

Minister MURUNGI,

Vice-Minister LIU QI,

YourExcellencies,

Distinguished guests,

Ladies and Gentlemen,

It is a great pleasure for me to participate today in the

opening ceremony of the 2012 Global Green Growth

Forum.

Please allow me to first thank our host, the Govern-

ment of Denmark, for their warm welcome in this beau-

tiful city of Copenhagen.

Madame Prime Minister, it is really wonderful to see

you.

Thank you also to the Organisers of 3GF for putting to-

gether such an impressive event.

The State of Qatar is honored to be joining as a partner

country and looks forward to supporting this important

initiative in the future.

In just over a year, 3GF has established itself as a lead-

ing platform for discussion and collaboration around

green growth.

In fact, the Forum has already made an outstanding

contribution to the way we conceptualize the neces-

sary transition towards a more sustainable global

economy.

Most importantly, 3GF is acting as a real catalyst in ex-

ploring how leading businesses, investors and key pub-

lic institutions can come together and deliver on the

promise of green growth.

As a veteran of the energy and water sectors, I can only

underscore the necessity of involving the private sec-

tor in solving the huge social and economic challenges

that lie ahead of us.

Whether it be in developed, developing or emerging

countries, it is now apparent that the public sector sim-

ply cannot and will not do it all alone.

Equally, it is crucial to recognize that sustainable de-

velopment should be everyone’s obligation and con-

cern – not simply that of national governments or pub-

lic institutions.

Business and industry indeed have a lot to contribute

to an effective transition towards a green economy:

skills, know-how, R&D, or even implementation capa-

bilities.

Potentially, they also have a lot to gain from it.

In my eyes, green growth represents both a responsi-

bility and an opportunity for the private sector.

And I congratulate the Global Green Growth Forum for

reminding us of that.

But I am also speaking to you this morning as the in-

coming President of COP18/CMP8.

As you all know, Doha will be the host of this year’s Con-

ference.

Very much in line with the spirit prevailing here today, I

can assure you that “outcomes” will be our top priority.

For the time of implementation has come.

And the optimism coming out of Bangkok needs to be

Opening Statement by H .E . Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister, Chairman of the Administrative Control and Transparency Authority, Qatar

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74

Opening statements

sustained through concrete action and clear commit-

ments now.

Ladies and gentlemen,

What is true for green growth is certainly true for cli-

mate change.

The private sector, industry leaders and investors have

to play a more active role in the COP process.

Climate change is a global challenge that will require

creative and bold answers: answers that rise above the

borders of nation states; the boundaries between aca-

demia and industry; and the walls isolating the public

and private sectors.

I am here to assure you that the State of Qatar will con-

tinue to work diligently to bring together all interested

parties in a manner that is transparent, inclusive and

pragmatic.

We look forward to welcoming you to Doha at the end

of November.

Thank you very much, once again.

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75

opening statements

Your Royal Highness Frederik Andre Henrik Christian,

The Crown Prince of Denmark;

Your Excellency, Helle Thorning-Schmidt, The Prime

Minister of Denmark;

Your Excellencies, Heads of State and Governments

present;

Ladies and Gentlemen;

I would like to thank the Government of Denmark for

inviting me to this Forum. Kenya has embarked on an

ambitious low carbon growth programme with an ex-

tensive green economy programmes being currently

implemented.

Kenya continues to be challenged by the impacts of cli-

mate change which are now devastating our economic

base and causing untold harm to our populations. Cli-

mate change has not only caused rising temperatures

and drastic changes in weather patterns; it has also

brought new challenges in disease control thereby

hampering our match towards a green economy. These

challenges have forced Kenya to seriously begin to ad-

dress the issue of climate change in the context of

green growth. In mitigating these adverse climatic im-

pacts, Kenya is undertaking the following:

1. 1. Continued to create awareness on mitigation

and adaptation to enable us assume a low carbon

development pathway.

2. 2. Operationalized Climate change action plans af-

ter the promulgation of a Climate Change Re-

sponse Strategy;

3. 3. Reviewed the Feed in Tariffs Policy on renewa-

ble sources of electricity.

4. 4. Engaged the private sector in addressing the

need to grow green, create jobs and sanitize our

population.

5. 5. Invested on new green energy generation pro-

jects using geothermal, wind, solar and minihy-

drogenerations.

6. 6. Increased investments on off grid solar and

minihydro generation and

7. 7. Increased our expenditure in capacity building

8. In doing all these, the government is mindful of

the critical role of private sector and the need to

conserve our environment for sustainable devel-

opment.

Excellencies,

Ladies and Gentlemen:

In our attempt to follow a low carbon development

pathway, we have encountered a number of challeng-

es. These include:

1. The comparatively higher initial costs of taking up

green growth pathways and therefore their ina-

bility to compete with present conventional activ-

ities especially in the context of a weak economy

like Kenya’s.

2. Limited access to capital by the entrepreneurs,

and where they can access it, our inability as a

government to issue sovereign guarantees.

3. Low returns on green investments.

4. Lack of a national valuation methodologies for

green economy generated goods and services to

enable their value relative to conventional natural

resources like gas, oil, gold etc. and modalities of

factoring them decision making sought.

5. Lack of capacity to plan, develop and implement

green economy projects in all sectors of our econ-

omy and ;

6. Lack of incentive methodologies to attract actors

in public and private sector to invest in green

economies.

Excellencies,

Ladies and Gentlemen;

There is immense opportunity for us to sustainably de-

velop our countries and regions by embracing Green

Growth economic models. But we cannot do so by

Opening Statement by Hon . Prof . Peter Anyang’ Nyong’o, Minister of Public Health, Kenya

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76

Opening statements

chance but by choice and the time is now. Our efforts

must be cooperative and collaborative. Business and

other private sector actors must work with govern-

ment to bring about this very positive change. The

governments on their part must put in place the legal,

and policy frameworks that provide the enabling envi-

ronment for business to thrive in the renewed ap-

proach of growing green economies. The promise is

that there are plenty of business opportunities and

money to be made. We should be prepared to hand our

future generations a better tomorrow by embracing a

green growth pathway. It will require focus, patience

and long term planning.

The international community will have to move in a co-

ordinated and consistent manner if we are to realize

Global Green Growth. Trade policies must support ef-

forts to ensure sustainable use of natural resources.

Modalities of minimizing exploitation of natural re-

sources, but maximizing the recurrent benefits must

be sought. Developing countries must lead the way in

this approach and if need be incentives be provided to

stimulate green growth projects; savings from reduced

resource exploitation should be used to balance the

deficit accruing from incentive provision. We request

our development partners in our modest efforts to

“Grow Green”.

These efforts need to start now, and we should move

together as partners in this noble effort. We should

develop workable and a clear support schemes for

those countries that want so desperately to adapt

green economic growth; more so the developing econ-

omies.

I Thank You For Your Attention

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3GF Dinner speechBy Mr . Jeremy Oppenheim, Director, McKinsey & Company

78

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3GF Dinner Speach

This is an abridged version of an address delivered by Jeremy Oppenheim at the 2012 Glob-al Green Growth Forum

The adverse consequences of pursuing an economic

growth model that is heavily dependent on the Earth’s

natural resources are often rehearsed. It is widely con-

ceded that the escalating cost of extracting many re-

sources could threaten future growth—harming the

prospects of the world’s poorest most—and that irre-

versible environmental effects are likely.

Less rehearsed is the evidence that a new, resource-ef-

ficient model is taking shape. Around the world there

are exciting examples of how to decouple growth from

resource consumption, drive penetration of renewable

energy, and reduce pressure on land by boosting agri-

cultural productivity. Just ten years ago these ideas

were barely conceivable. The “green economy” was a

notion cherished mostly by environmentalists, the

technologies were still in the lab, and investors who

cared about the environment were restricted largely to

ethical funds. But slowly and surely, a new, resource-ef-

ficient model is going mainstream.

Therein lies the problem. The speed of the transition

from the twentieth-century growth model is far too

slow. It is slow because of the weight of legacy capital—

both financial and political—invested in the old model.

But the world economy and the environment cannot

spend another 50 years in transition, locking in an in-

frastructure of resource-intensive buildings, power

plants, and transport systems. A step change is needed

in resource productivity, from carbon and energy

through to water. The good news is that a quicker path-

way from the old economic model to a new one is al-

ready apparent, with the green economy’s early suc-

cesses helping to show the way. But great leadership

will be required to ensure that this path is taken.

The Twentieth-Century Model of GrowthAs the global economy expanded some 20-fold through

the twentieth century, resource requirements expand-

ed anywhere between 600 to 2,000 percent, depend-

ing on the resource. Consider the demand for energy,

which sits at the heart of all resource systems. In 1900,

the world used 35 exajoules of energy: the equivalent

of the annual electricity consumption of South Korea,

or the annual supply of power from 35 GW nuclear

plants. By 2000, the world was using more than 500

exajoules a year. And if the global economy continues

to grow at its current rate, it will use 670 to 700 exa-

joules a year by 2030. This would require the world

economy to invest in about 3,000 additional GW power

stations.

How did the world get hooked on such a resource-in-

tensive model of growth? Simply, because it was

fuelled by a century of declining resource costs. As de-

mand for resources expanded, supply expanded even

more.

Technology, as ever, played a big role. Exploration, pro-

duction, transportation, and conversion technologies

all improved by 1 to 2 percent year-on-year in terms of

their efficiency. In agriculture for example, grain yields

increased by just over 2 percent per annum from 1961

to 2000, largely as a result of greater use of fertilizers

and capital equipment, and the diffusion of better

farming technologies and practices. Over 100 years,

that makes a huge difference in resource supply, with

supply-side productivity increasing anywhere from

two to seven times over the period.

There was also a massive expansion in the “resource

frontier”. In the twentieth century, the world doubled

the amount of land under cultivation, largely at the ex-

pense of forests. Massive new oil fields came on-

stream, especially in the Middle East but also in Alaska,

the North Sea, and Mexico. The Ghawar oil field in Saudi

Arabia, which came on stream in 1948, has alone pro-

duced more than 6 percent of the world’s oil supply for

50 years. And in the mining sector, the development of

the Pilbara iron ore deposits and major Chilean copper

reserves underpinned relatively low metals prices

through the second half of the twentieth century.

A Roadmap for Making Green Growth the New Normal

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Moreover, resource production has been persistently

subsidized, at a cost of $1 trillion to $3 trillion a year—

the lower end of the scale if only direct subsidies to

energy, agriculture suppliers, and fishing fleets are

considered, but well over $3 trillion if the depletion of

natural capital, whether through unsustainable deple-

tion of aquifers, over-fishing, accelerated loss of bio-

diversity, or un-priced carbon emissions are taken into

account. Given the interests at stake, public and pri-

vate, unwinding these subsidies will be a herculean

task.

The result of these three factors is that the world

economy, and particularly advanced economies, got

hooked on low resource prices. Policy makers and

business leaders took their eye off the resource pro-

ductivity ball.

Last year, McKinsey produced a report under the title

“Resource Revolution: meeting the world’s energy,

materials, food and water needs”. Its aim was to un-

derstand whether the twentieth-century model of

economic growth could be played again in the twen-

ty-first century. Could the world just repeat the trick?

The report examined the potential to meet ever-grow-

ing demand for resources and discovered a simple

problem. Even though exploration keeps on finding

more resources in the ground or under the ocean

floor, they are increasingly expensive to extract. The

great resource finds of the 1950s and 1960s have all

peaked. And as remaining resources become less and

less accessible, the costs of supply increase, steeply.

The marginal cost of oil production today is estimated

at around $60 a barrel, with prices pushed significant-

ly higher owing to the way the oil market works. By

2020, if demand were to grow in line with historic

trends, to about 95 million barrels a day, the marginal

cost of production would be more than $100 a barrel.

Unless oil markets were to be fundamentally restruc-

tured, the market price would be closer to $150 a bar-

rel, with a significant risk of prices spiking to more

than $200 a barrel. There are large uncertainties in

these estimates. But at this price, oil would place such

a tax on economic growth that the twentieth- century

model could come under considerable pressure.

The same picture is true for just about every major re-

source. Even where, in theory, there is abundant sup-

ply—in iron ore, for example—sources are often locat-

ed far from the markets and in poor, remote, and

environmentally challenged regions. Over the past

decade, mining costs across major commodities in-

creased on average by 15 percent a ton, owing to

higher energy prices and geological factors such as

declining ore grade, increasing strip ratios, and deep-

er mines. The marginal cost of production for many

mining commodities could be three times higher in

2020 than it is today. And to those who argue that

iron ore prices have fallen significantly over the past

year—and decreased during the financial crisis by

about 30 percent—the riposte is that they are still

more than 5.5 times higher than they were at the turn

of the century.

Increased energy and mineral prices (including for the

phosphates critical for agriculture), coupled with more

variable weather conditions, will also affect food pric-

es. For poor rural households, which typically spend

more than two-thirds of their income on energy and

food, higher prices can make the difference between

the chance to save just a little, to send their children

to school for an extra year, to try out a new seed – or

not do so and stay at subsistence level. For the 50 mil-

lion new entrants to the urban middle class worldwide

each year—people who spend about $10 per capita a

day, 40 to 50 percent of it on food and energy—higher

prices knock them all the way back into urban poverty.

High and volatile prices are only one challenge to the

twentieth-century model of resource-dependent eco-

nomic growth. Another is the scale and speed with

which we are eroding our natural capital.

With respect to the climate, we are on track to reach

CO2 concentration levels of 600 to 700 parts per mil-

lion (ppm) by the end of the century, way above the

450 ppm, 2 degree “stabilisation” target the Intergov-

ernmental Panel on Climate Change (IPCC) has put for-

ward. The consequences of climate change are al-

ready visible in the Arctic, which this year reached its

lowest level of summer ice cover (4.3 million square

km) since formal records began, lowering its reflective

power and hence exacerbating global warming driv-

ers.. At the same time, the Arctic ice is thinning by 17

percent a year (according to the latest NASA data) and

more generally oceans are acidifying, weakening the

regenerative capacity of the coral reefs.

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These are not the only environmental and natu-

ral-capital challenges that we face.

• According to the UN Food and Agriculture Organ-

ization (FAO), some 25 percent of fish stocks are

over-exploited and another 50 percent are fully

exploited. For the one billion poor people who

depend on fish for protein, this spells an enor-

mous risk.

• Our forests are challenged. Aside from on-going

deforestation, prolonged drought—as experi-

enced in Brazil in 2005—has the potential to turn

forests from carbon sinks into carbon sources.

• There is continued soil erosion. Land degradation

affects more than 20% of the world’s arable

land. The severity of the degradation varies, and

therefore the extent of yield loss. We estimate

that 30 million hectares would be needed to

compensate for an overall loss of productivity.

• The current rate of species extinction is approxi-

mately 1,000 to 10,000 times the natural “back-

ground” rate . There are only five other periods in

the planet’s history when species extinction has

been this high, all during mass extinction events

such as that which hit the dinosaurs.

The reason for this kind of depredation of the planet’s

natural capital is straightforward: a resource-inten-

sive model of economic growth. In future, society will

need to learn to operate a global economy in which

there is a direct clash between what it takes, in terms

of resource supply, to secure continued economic

growth and improve the prospects of those who still

live in poverty, and the need to avoid the potentially

irreversible environmental damage that will arise

from further exploitation of those resources. We live

on the knife-edge between these two competing

forces.

The Transition EconomySociety always adapts, and an economic response to

the dilemma is already under way. The world is be-

coming more resource-efficient, and simultaneously

is on the cusp of a wave of new, clean-technology in-

novation.

First, resource efficiency:

• The energy required to produce a ton of steel

has fallen by more than 30 percent over 25 years

(Wirtschaftsvereinigung Stahl).

• The CO2 required for 1 KWh of European power

production has fallen by 20 percent over 15

years (IEA).

• The efficiency of water-use in agriculture – the

global “drop-per-crop”— has halved over 50 years

(FAO).

• In US aviation, fuel requirements per passenger

mile have halved over 25 years (US Department

of Transportation).

• A fridge in the United States is 50 percent big-

ger than it was 30 years ago, but its annual en-

ergy consumption has more than halved (US As-

sociation of Home Appliance Manufacturers).

• Computing efficiency in terms of energy used —

computations per KWh—has doubled every two

years (Stanford University).

• The fuel economy of vehicles has increased on

average over the past 30 years from about 20

miles a gallon to about 30 miles a gallon. Over

the next 15 years it is possible that the new

CAFE (corporate average fuel economy) stand-

ards in the United States will mean that fuel

economy will increase from 30 to almost 50

miles a gallon—an improvement worth 7 million

to 10 million barrels of oil a day if the standards

were deployed globally. If it were possible to

achieve that level of productivity improvement

across the whole economy—in buildings, data

centres, industry, and agriculture—we would

have a productivity revolution on our hands.

Second, clean-tech innovation:

• Last year, over $250 billion was invested in re-

newable energy, more than 45 percent of total

investments in new capacity in the power sec-

tor.

• The cost of solar power is falling dramatically,

following its own version of Moore’s law. Ten

years ago, it cost more than $5 per watt. Now, it

is fast approaching $1 per watt, a price point at

which, at least in high insolation regions, it will

be competitive, unsubsidized, with other sourc-

es of retail power supply.

• LED lighting uses less than 20 percent of the

power of incandescent light bulbs. If the whole

world were to switch overnight to LED light

bulbs, the world’s total power requirements

would fall by about 6 percent, the equivalent of

300 GWs of installed capacity.

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• Batteries are plunging in price. Today, they cost

more than $500 per KWh. In ten years, they are

likely to have halved in price. When that happens,

and energy storage becomes cheap, the impact

will be comparable to that of rechargeable batter-

ies on mobile telephones.

• Agriculture is experiencing the start of a green

revolution, with new seeds, microbial fertilizers,

bio-pesticides, and soil regeneration technolo-

gies, not to mention the expanded use of geneti-

cally modified organisms.

• More controversially, the world is entering what

the International Energy Agency calls the “golden

age of gas”, owing to rapid advances in horizontal

drilling and artificial stimulation. The benefit, as

evidenced by declining US greenhouse gas emis-

sions, is that relatively clean, cheap gas can dis-

place coal in power systems around the world. The

danger, aside from local environmental risk, is

that the world remains locked into a fossil-fuel de-

pendent economy.

Efforts to increase resource productivity, allied with

better-performing technology, are likely to spawn a

dozen or more new markets worth more than $100 bil-

lion by the mid-2020s. For example:

• The low-carbon power market, which combines

renewable energy with smart grids, is set to be

worth more than $1 trillion by 2025.

• The energy storage market, for the electrification

of transport and network modernization, should

be worth at least $100 billion by the mid-2020s.

• The building efficiency market, from smart win-

dows to passive heating and cooling systems, is

likely to be worth well over $100 billion a year by

2020.

• The market for more resource-efficient agricul-

tural production systems will likely be worth at

least $100 billion by the mid-2020s.

• In almost every sector, new business models will

emerge based on the logic of a “circular economy”,

with less waste throughout product life-cycles.

Collaborative consumption could become the

norm rather than the exception over the coming

decades. For example, car clubs such as Zipcar

work well in more compact, urban settings with

decent mass transit systems. The Ellen MacArthur

Foundation estimates that in the European Union

alone, the shift to a circular economy could be

worth up to half a trillion dollars a year, a massive

opportunity for business innovation.

The prospect of resource-efficient markets of this size

is evidence that the economic growth model is in tran-

sition. The challenge is to supercharge that transition.

LEADING THE NEW GROWTH MODEL – A PRACTICAL

ROADMAP

There is no secret about what is required: the right

technology and a great deal of capital to develop and

deploy it. But how can these things be brought to bear

at speed?

Answers can be found within the examples of large-

scale, resource-efficient infrastructure projects that

already exist, or are in the process of being built, and

new, sustainable business models that are being oper-

ated. For example:

• Germany has helped to create a global market for

solar power.

• South Korea is driving the smart grid deployment

on the island of Jeju.

• Mexico has transformed its domestic appliances

market by encouraging households to dispose of

inefficient fridges.

• Brazil is building the world’s most advanced

bio-fuels industry, 1,000 km away from the Ama-

zon.

• China is investing $125 billion over the next five

years to build metro systems in 25 high-density,

resource-efficient cities.

• Denmark continues to pioneer electric vehicles

and wind power.

The success of such programs typically depends on

three, closely related mechanisms: faster technology

development, which by necessity often means a high

degree of public-private collaboration; a revised view

of the risks of resource-efficient investments; and pol-

icies that reward resource productivity.

Faster technology development, often through pub-

lic-private collaboration

The sooner resource-productive technologies are de-

veloped and deployed, the sooner they will become

more efficient, and hence cheaper and more widely

used, making old assets and business models redun-

dant. This scale-up pattern is not the sole preserve of

resource-efficient technologies, of course. But what

marks these out is the amount of capital often re-

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3GF Dinner Speach

quired, tending to rule out reliance on venture capital

or private equity. The finance required to build 500 or

1,000 offshore wind turbines is of a different order

than, say, investing in a new social media platform.

McKinsey’s Resource Revolution report estimated that

investments worth $3 trillion per annum would be re-

quired to build a resource-efficient growth model.

A high degree of public-private collaboration may

therefore be required to raise enough capital for a rap-

id transmission to a new growth model. The Climate

Policy Initiative, an organization that supports low-car-

bon growth, assessed the characteristics of some $350

billion of climate finance in 2011, and found that al-

most all of it was funded by public-private collabora-

tions.

A revised perception of riskClosely related to the challenge of raising the neces-

sary capital is, of course, the perceived risk of investing

in resource-productive technologies at scale. As long

as they are regarded as high-risk projects—because the

technology is not well understood or future govern-

ment policy is uncertain—old-model thinking puts them

out of bounds for many institutional investors. That

thinking needs to change. Investors need to consider

the longer-term prospects of resource-hungry assets,

and whether investments in the new growth model

display superior risk-return characteristics. The chal-

lenge lies in accelerating the transition.

Public-private collaboration will help. The participation

of public bodies, which can cover the highest-risk

tranches of an investment, signals their commitment

to the future success of the technology, lowering the

perceived risk for private investors. Even in the United

Kingdom, which has some of the world’s deepest capi-

tal markets, the government has set up the Green In-

vestment Bank to lower perceived risks and leverage

private sector funds into green infrastructure projects.

The investment community also has a leadership, ac-

tivist role to play. Investors and analysts need to pro-

vide a sharper analysis of the financial risks (including

stranded asset risk) associated with resource-heavy,

polluting assets and infrastructure. They can also push

for new accounting standards and higher transparency

on these risks (e.g. contingent carbon liabilities), and

for greater emphasis on resource productivity bench-

marks when analyzing corporate performance. The

more trenchant the analysis, the faster the thinking

will take hold. But it will also be abetted by the third

transition requirement: public policies that reward re-

source productivity.

Policies that reward resource productivityIt is incumbent upon business leaders and entrepre-

neurs to drive resource productivity throughout the

supply chain, and to design business models that de-

ploy new, cleaner technologies at scale. But business

needs the backing of policies that send strong, consist-

ent signals about this agenda. The rules of the game

need to be designed so that resource productivity is

rewarded, resource-efficient companies and business

models can out-compete those that waste resources,

and resource-efficient infrastructure crowds out inef-

ficient infrastructure. This will happen only with the

right market incentives, be they pricing arrangements,

mandates that support early-stage market develop-

ment, or tax regimes that allow for a more rapid depre-

ciation of new clean assets. These market incentives

need to extend all the way through into stronger prop-

erty rights, valuation mechanisms and other forms of

protection for the natural capital on which our civilisa-

tion depends.

Leading the transitionIt is likely that much of the drive to establish a new eco-

nomic model will come from countries that are experi-

encing the fastest economic growth, as argued by Pro-

fessor Benjamin Friedman in his 2005 book, The Moral

Consequences of Economic Growth. These “new

growth” economies, which are less attached to the old

growth model, are growing up with a different set of

technological opportunities and are still relatively free

to shape their physical infrastructure. They do not

have to put down resource-heavy, polluting assets that

bind them to the past. Their fast growth also means

they have more scope to persuade established inter-

ests to invest in more resource-efficient technologies.

And many are more willing to use state institutions,

such as national development banks, to invest in na-

tion-building, to shift risk perceptions, and to help

overcome coordination failures, having a more flexible

view of the respective roles of the state and private

sector. In short, they have an astonishing opportunity

to mobilize capital, entrepreneurs, and technology

from around the world as partners in building the new

economic model.

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3GF Dinner Speach

None of this should suggest that those in “old growth

economies” can sit back and watch. They will need to

challenge some of the deepest assumptions underpin-

ning the twentieth-century growth model, and use

their institutional and technological capabilities and

financial firepower to be effective partners in building

a global economy fit for the challenges of our time.

Throughout history, great challenges have inspired

great, transformative leadership. And what could be a

greater, world-class challenge than the task of estab-

lishing a model of economic growth that can deliver

both widespread prosperity and responsible planetary

stewardship? The roadmap for accelerating the transi-

tion to that model is clear. It needs to be followed by

governments, businesses, and the investment commu-

nity.

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Participants

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Company / organisation Firstname Lastname Job Title

22030 Water Resources Group Anders Berntell Executive Director

44E EMSA Conrad Brunner Operating Agent

AABB Mats Holmberg Head of Public Affairs/N Europe

ABB A/S Claus Madsen Managing Director & Country Manager

Accenture Bruno Berthon Global Managing Director

ADEREEE, Morocco Saïd Mouline Director General

African Development Bank (AFDB) Aly Abou-Sabaa Vice President Sector Operations

Agency for Energy Efficiency and Renewables (ADEREE)

Said Mouline Director General

Air Transport Action Group Haldane Dodd Head of Communications

Alcatel-Lucent, Bell Labs Thierry Van Landegem Vice President

Alstom Dickson Giles Vice President of Environmental Policies and Global Advocacy

Arab Forum for Environment & Development (AFED).

Najib Saab Secretary General

Arla Foods amba Peder Tuborgh CEO

Arup Mark Watts Director

Asian Development Bank (ADB) Seethapathy Chander Director General, Regional and Sustainable Development Department

Ateneo de Manila University Manuel A. J. Teehankee Ambassador / Professor

Australia, Government of the Commonwealth of

Howard Bamsey Special Advisor on Green Growth

BBangkok Metropolitan Admin. Panyalaln Thawonrat Senior Advisor

Bloomberg New Energy Finance Michael Liebreich Chief Executive

Bogota, City of Suwana Muhamad Secretary of Environmental Affairs

BRAC Fazle Hasan Abed Founder and Chairperson

BRAC Asif Saleh Senior Director

Brazil, Ministry of the Environment, Government of the Federative Republic of

Carlos Agusto Klink Secretary for Climate Change and Environmental Quality

Brazil, the Embassy of, in Copenhagen Paulo F. Pinheiro Machado Second Secretary

Brazilian Development Bank (BNDES) Sergio Eduardo Weguelin Vieira Deputy Managing Director of Environmental Division

Brookings Institution Katherine Sierra Senior Fellow

87

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Company / organisation Firstname Lastname Job Title

CC40 Cities Amanda Eichel C40 Director of Initiatives

C40 Cities Terri Wills Director of Global Initiatives

C40 Climate Leadership Group Rohit Aggarwala Special Advisor to the C40 Chair

Carbon Trust James Wilde Innovation and Policy Director

CECEP Consulting Company Xie Zhengwu Vice Manager

Céspedes Juan Manuel Diosdado Managing Director

Children's Investment Fund Foundation (CIFF)

Kate Hampton Executive Director

Children's Investment Fund Foundation (CIFF)

Michael Jacobs Advisor, Climate Change

Chile, Government of the Republic of Jose Luis Balmaceda Ambassador and Director General for Environmental Affairs

Chile, Government of the Republic of Waldemar Coutts Minister Counsellor

China Development Bank Zaixing TAN

China Electric Power Research Institute (CEPRI)

Jian SU Vice President

China Electric Power Research Institute (CEPRI)

Lingzhi ZHU Vice Chief Engineer

China Electric Power Research Institute (CEPRI)

Kang MA R&D Engineer

China General Certification Center Haiyan QIN Director

China National Renewable Energy Centre (CNREC)

Zhongying WANG Deputy Director General

China National Renewable Energy Centre (CNREC)

Kaare Sandholt Chief Expert

China National Renewable Energy Centre (CNREC)

Yu HAN Researcher

China National Renewable Energy Centre (CNREC)

Ye TAO Ph.D, Research Assistant

China Three Gorges Corporation Yaxiong BI Executive Vice President

China Three Gorges Corporation Lei ZHANG Secretary to Executive Vice President

China Three Gorges Corporation Feng WANG General Manager, Solar Energy Department

China Three Gorges Corporation Di LIU Deputy Chief Economist

China Three Gorges Corporation Ang QU Assistant Business Manager

China, Department of Dev. & Planning Zhengling ZHANG Deputy Director general

China, Department of Dev. & Planning Jing WU Deputy Division Director

China, National Energy Administration (NEA)

Qi Liu Vice Minister

China, National Energy Administration (NEA)

Lishan SHI Deputy Director General

China, National Energy Administration (NEA)

Xiufen DONG Director

China, National Energy Administration (NEA)

Shuli QI Deputy Director

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Company / organisation Firstname Lastname Job TitleChina, National Energy Administration (NEA)

Xiaowei WEI Deputy Director

Chinese Wind Energy Association Haiyan Qin Secretary General

CII-ITC Centre of Excellence for Sustainable Development

Sachin Joshi Director

Climate Policy Initiative (CPI) Thomas Heller Executive Director

Climate Policy Initiative (CPI) Barbara Buchner Director, CPI Europe

Climate Policy Initiative (CPI) Morgan Hervé-Mignucci Senior Analyst

Coalition for Affordable Solar Energy Jigar Shah President

CONCITO Thomas Færgeman Managing Director

Confederation of Danish Industry Karsten Dybvad CEO

Confederation of Danish Industry Lisbeth Heyde Chief Consultant

Confederation of Indian Industry Sachin Joshi Director

Copenhagen Economics Helge Sigurd Næss-Schmidt Partner and Director

Copenhagen, City of Frank Jensen Lord Mayer

Copenhagen, City of Robert Seier Arendal Goodwill Ambassador

Copenhagen, City of Carsten Krabbe Special advisor

Copenhagen, City of Jakob Elkjær Press Officer

Copenhagen, City of Rikke Houkjær Press Officer

Côte d'Ivoire, Government of the Republic of

REMI ALLAH-KOUADIO Minister for Environment & Sustainable Development

Côte D'Ivoire, Ministry of Env. & Sustainable Dev.

ALAIN SERGES KOUADIO DIRECTOR

Côte d'Ivoire, the Embassy of, to Denmark VOLKANAUD N'GUESSAN COUNSELLOR

DDanChurchAid Mattias Söderberg Climate Advisor

Danfoss Niels Bjørn Christiansen President & CEO

Danfoss Kim Christensen President, Heating Solutions

Danfoss Mikkel Holm-Pedersen Executive Assistant

Danfoss Mads Gyldenkærne Communication advisor

Danfoss China Ming Tong PR Manager

Danish 92 Group Troels Dam Christensen Coordinator

Danish Agriculture & Food Council Jan Mousing Executive director

Danish Bioenergy Association Kristine van het Erve Grunnet

Head of secretariat

Danish Energy Agency Peter Bach Chief Adviser

Denmark, Government of Helle Thorning-Schmidt Prime Minister

Denmark, Government of Villy Søvndal Minister for Foreign Affairs

Denmark, Government of Henrik Dam Kristensen Minister for Transport

Denmark, Government of Ole Sohn Minister for Business and Growth

Denmark, Government of Mette Gjerskov Minister for Food, Agriculture and Fisheries

Denmark, Government of Martin Lidegaard Minister for Climate, Energy and Building

Denmark, Government of Pia Olsen-Dyhr Minister for Trade and Investments

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Company / organisation Firstname Lastname Job TitleDenmark, Government of Ida Auken Minister of the Environment

Denmark, Government of Christian Friis-Bach Minister for Development Cooperation

Denmark, Ministry of Climate, Energy and Building

Hans Jørgen Koch Deputy State Secretary

Denmark, Ministry of Employment, National Labour Market Authority

Jan Hendeliowitz Chair of the OECD LEED Directing Committee & Senior Policy Advisor, Danish National Labour Market Authority

Denmark, Ministry of Foreign Affairs Claus Grube Permanent Secretary of State

Denmark, Ministry of Foreign Affairs Carsten Staur Ambassador

Denmark, national delegation to the OECD Poul Erik Dam Kristensen Ambassador

Denmark, Parliamant's Environmental Committee

Lone Loklindt Committee chair and Member of Parliament

Denmark, political party 'Dansk Folkeparti' Mikkel Dencker Member of Parliament

Denmark, political party 'Liberal Alliance' Villum Christensen Member of the European Parliamant and Danish Parliament

Denmark, political party 'Venstre' Lars Christian Lilleholt MF (MEP)

Denmark, Prime Minister's Office Lea Juel Henriksen Press Secretary

Denmark, the Embassy of, in Beijing Liqun LI Programme Coordinator

Denmark, the Embassy of, in Kenya GEERT AAGAARD ANDERSEN AMBASSADOR

Denmark, the Embassy of, in Seoul Peter Lysholt Hansen Ambassador

Denmark, the Embassy of, in Seoul YEON JOO SUH Green Growth Officer

Department of Economic and Social Affairs, United Nations (DESA)

Nikhil Seth Director

Desso Stef Kranendijk CEO

Deutsche Bank Group Caio Koch-Weser Vice Chairman

Deutsche Bank Group Murray Birt Assistant Vice President

DHI Jørn Rasmussen Director, R&D

DONG Energy Henrik Poulsen CEO

DONG Energy Thomas Dalsgaard Executive Vice President

DONG Energy Henrik Maimann Vice President

DONG Energy Filip Engel Head of Stakeholder Relations

DONG Energy Cilla Harpsøe Bråten Head of Sales, China

DONG Energy Kathrine Westermann International PR Advisor

DSM Fokko Wientjes Director Corp.Sustainability

EEcologic Institute Berlin Martin Hirschnitz-Garbers Fellow and Coordinator of Resource

Efficiency

Economic Development Board (EDB), Singapore

Joseph Tay Centre Director

Economy Green Growth, GEGG Myanmar Nay Htun "Founder

"

EDF Group Claude Nahon Senior Vice President, Sustainable Development

EKF - Denmark's export credit agency Anette Eberhard CEO

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Company / organisation Firstname Lastname Job TitleEKF - Denmark's export credit agency  Kim Richter Senior Director, Head of SMV and Cleantech

Ellen MacArthur Foundation Ellen MacArthur Founder

Ellen MacArthur Foundation Jocelyn Blériot Head of Ed. Research & Content

Energinet.dk Peder Østermark Andreasen President and CEO

Energinet.dk Hans Erik Kristoffersen Head of Executive Secretariat

Energy Innovation: Policy and Technology LLC

Hal Harvey CEO

Ericsson Ulf Ewaldsson Senior Vice President, Chief Technology Officer, Head of Group Function Technology

Ethos Institute/Instituto Sao Paolo Sustentavel

Oded Grajew President

European Bank for Reconstruction and Development (EBRD)

Josue Tanaka Managing Director, Operational Strategy and Planning

European Climate Foundation Bert Metz Fellow at ECF and member of the Advisory Council

European Commission Connie Hedegaard Commissioner for Climate Action

European Commission Michael S. CHRISTENSEN Deputy Head of Cabinet

European Commission Guido Castellano Member of Delegation

European Commission, Directorate General for Agriculture and Rural Development

Jerzy Bogdan Plewa Deputy Director General

European Commission, Directorate General for Energy

Marie Donnelly Director for new and renewable sources of energy, energy efficiency and innovation

European Commission, Directorate General Research and Innovation

Maive Rute Director, Biotechnologies, Agriculture, Food

European Environment Agency Jacqueline McGlade Executive Director

European Investment Bank (EIB) Simon Brooks Vice-President

European Investment Bank (EIB) Christopher Knowles Head of Division

FFaroe Islands, Representation of Government of the, in Copenhagen

Sigmundur Isfeld Head of Representation

Forum for the Future Peter Madden Chief Executive

France, Government of Delphine Batho Minister for ecology, sustainable development and energy

France, Ministry of Ecology Paul-Bertrand Barets Diplomatic adviser

France, Ministry of Ecology Laurent d'Aumale Interpreter

France, Ministry of Ecology Nathalie Graziani Security officer

France, Ministry of Foreign Affairs Guy-Cédric Werlings Advisor

France, the Embassy of, to Denmark Véronique Bujon-Barré French Ambassador to DK

GGCL-Poly Energy Holdings Limited Hua SHU Executive Director/Executive President

GCL-Poly Energy Holdings Limited Bing DAI CTO PhD

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Page 92: 3GF Report Resource Efficiency and Growth

Company / organisation Firstname Lastname Job TitleGCL-Poly Energy Holdings Limited Li Wei Chief Representative, Beijing Office

GCL-Poly Energy Holdings Limited Cai Qing -

General Electric Fabian Delcros Director Gov. Affairs & Policy

Germany, Bundesministerium für Umwelt (BMU)

Karsten Sach Deputy Director-General for International Cooperation

Germany, Bundesministerium für Umwelt (BMU)

Sonja Röder Advisor

Global Energy Basel Daniel Wiener Founder and CEO

Global Green Growth Institute (GGGI) Lars Løkke Rasmussen Chairman

Global Green Growth Institute (GGGI) Rick Samans Executive Director

Global Green Growth Institute (GGGI) Hans Jakob Eriksen Director

Global Green Growth Institute (GGGI) Mattia Romani Director

Global Green Growth Institute (GGGI) Jason Eis Deputy Director - London Office

Global Green Growth Institute (GGGI) Jung Hwan KIM Senior Program Manager

Global Green Growth Institute (GGGI) Simon Sadek Senior Fellow

Great River Corporation Eleanor Chan CEO

GREEN ECONOMY & GREEN GROWTH (GEGG), Myanmar

Nay HTUN Founder & Hon. Patron

Green Growth Knowledge Platform Benjamin Simmons Head of Secretariat

Greenberg Traurig James Bacchus Chair, Global Practice Group

Greenpeace Mads Flarup Christensen Executive Director of Greenpeace Nordic

Grundfos Carsten Bjerg CEO and Group President

HHaldor Topsøe Jesper Nerlov Executive VP & CTO

Haldor Topsøe Ulrik Federspiel Vice President for Global Affairs

Ho Chi Minh City Dao Anh Kiet Director of Department of Natural Resources and Environment

Hyundai Motor Company Kiho Yoo Director

Hyundai Motor Company Tiger (Lim Ho) Jeong Senior Research Engineer

Hyundai Motor Europe Technical Center Seungwook Yang President of Hyundai Motor Europe Technical Center

IIBM Guido Bartels CEO

IBM Anders Norström Christiansen

Director

Impax Asset Management Group Ian Simm CEO

INCHEON METROPOLITAN CITY PYUNG RYUN YU Director-General

Incheon Metropolitan City Young-gil Song Mayor of Incheon

Indonesia, Government of the Republic of Balthasar Kambuaya Minister for the Environment

Indonesia, Ministry of Environment Rasio Sani Director

Indonesia, Ministry of Industry WIDHIANTO SAKRI Special Assistant to the Minister

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Page 93: 3GF Report Resource Efficiency and Growth

Company / organisation Firstname Lastname Job TitleIndonesia, Ministry of Industry Mohammad Nur Haviadi Staff

Indonesia, Presidential Working Unit for Supervision and Management of Development (UKP4)

William Sabandar Expert Assisstant

Indonesia, the Embassy of, to Denmark Bomer Pasaribu Ambassador

Institute for European Environmental Policy (IEEP)

David Baldock Executive Director

Institute for Industrial Productivity (IIP) Jigar Shah Executive Director

Institute for Industrial Productivity (IIP) Patrick D'Addario Director, Financial Products

Institute for Industrial Productivity (IIP) Julia Reinaud Director, Policy & Programs

Inter-American Development Bank (IDB) Luis Alberto Moreno President

Inter-American Development Bank (IDB) Orla Bakdal Alternate Executive Director

Inter-American Development Bank (IDB) Bernardo Guillamon Manager, Outreach & Partnerships

Inter-American Development Bank (IDB) Carlos de Paco Principal Outreach & Partnerships

Inter-American Development Bank (IDB) Walter Vergara Divison Chief

Inter-American Development Bank (IDB) Ignacio Corlazzoli Senior Operations Specialist

International Centre for Trade and Sustainable Development (ICTSD)

Ricardo Melendez-Ortiz Chief Executive Officer

International Centre for Trade and Sustainable Development (ICTSD)

Ingrid Jegou Manager

International Energy Agency (IEA) Bo Diczfalusy Director

International Energy Agency (IEA) Jonathan Sinton China Programme Manager

International Finance Corporation (IFC) Nena Stoiljkovic Vice President, Business Advisory Services.

International Finance Corporation (IFC) Usha Rao-Monari Head, Water and Utilities

International Institute for Environment and Development (IIED)

Camilla Toulmin Director

International Institute for Sustainable Development (IISD)

Mark Halle Executive Director

International Institute for Sustainable Development (IISD)

Oshani Perera Programme Leader

International Institute for Sustainable Development (IISD)

Samuel Colverson Consultant

International Partnership for Energy Efficiency Cooperation (IPEEC)

Amit Bando Executive Director

International Partnership for Energy Efficiency Cooperation (IPEEC)

Thibaud Voïta Energy Policy Analyst

International Renewable Energy Agency (IRENA)

Gauri Singh Director

International Renewable Energy Agency (IRENA)

Adnan Z. Amin Director-General

International Road Federation Susanna Zammataro Acting Director General

International Synergies Peter Laybourn CEO

International Union for Conservation of Nature (IUCN)

Poul Engberg-Pedersen Managing Director

Investment Fund for Developing Countries (IFU), Denmark

Finn Jønck Managing Director

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Company / organisation Firstname Lastname Job Title

JJakarta, City of Vera Revina Sari Director

Jakarta, City of Priyadi Priyautama Special Advisor to the Governor

Japan, Ministry of Economy, Trade and Industry

Jun ARIMA Special Advisor

Japan, the Embassy of, to Denmark Toshio Sano Ambassador

KKenya Association of Manufacturers Betty Maina CEO

Kenya, Government of the Republic of Peter Anyang Nyongo Minister for Medical Services

Kenya, PM's Office Peter Amenya Nyakundi Renewable Energy Expert

Kenya, the Embassy of, to Denmark Winnie Mwanjala Counsellor

Knowledge Centre for Agriculture Jan Mousing CEO

Korea Energy Management Corporation (KEMCO)

Jeung-Soo Huh President & CEO

Korea Energy Management Corporation (KEMCO)

Ki hyun Lee Assistant Manager

Korea, Government of the Republic of Hwang-sik Kim Prime Minister

Korea, PM's Office Hyungdu Choi Deputy Minister

Korea, PM's Office Hoyoung Lee Deputy Minister

Korea, PM's Office Sukmin Kim Vice Minister

Korea, PM's Office Daesik Kim Director-General

Korea, PM's Office Sunghwan Kim Director-General for Protocol

Korea, PM's Office KICHANG PARK Director for Protocol

Korea, PM's Office Jeongkwan Chon Secretary to the PM

Korea, PM's Office JOO YEUN PAEK Interpreter

Korea, Presidential Committee on Green Growth

SOOGIL YOUNG Chairman

Korea, Presidential Committee on Green Growth

HYUN YONG JUNG Director-General

Korea, Presidential Committee on Green Growth

CHUNG A PARK Intl. Cooperation Director

Korea, Republic of, Ministry of Foreign Affairs and Trade

Ho-young Ahn 1st Vice Minister

Korea, Republic of, Ministry of Foreign Affairs and Trade

KICHEON CHOI 2nd Secretary of Protocol

Korea, Republic of, Ministry of Foreign Affairs and Trade

SANGPYO SUH Director

Korea, Republic of, Ministry of Foreign Affairs and Trade

Jaebok Chang Deputy Chief of Protocol

Korea, the Embassy of the Republic of Byungho Kim Ambassador to Denmark

Korea, the Embassy of the Republic of HONG-GEUN JEONG Counsellor

Korea, the Embassy of the Republic of Jin-hwa Song First Secretary

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Page 95: 3GF Report Resource Efficiency and Growth

Company / organisation Firstname Lastname Job TitleKorea, the President's office for Climate and Environment

Sungbin Yim Secretary to the President

KPMG Barend van Bergen Partner

LLawrence Berkeley National Laboratory (LBNL)

Aimee McKane Senior Program Manager

London School of Economics Graham Floater Director

London School of Economics, Cities Research Centre

Philipp Rode Executive director

London, Greater Stephen Tate Assistant Director of Transport and Environment

Longyuan (Beijing) Solar Engineering Technology Co., Ltd.

Yao WANG General Manager

Los Angeles, City of Avid Boustani Director for Economic and Business Policy

MMaersk Oil Jakob Thomasen CEO

Maersk Oil Troels Albrechtsen Head of Coporate Technology and Projects

Maersk Oil Anders Würtzen Head of Public Affairs

Maersk Oil Sisi Cohrt Executive Secretary

Maersk Oil Qatar Sheik Faisal Al-Thani Deputy Managing Director

Mandag Morgen Erik Rasmussen Editor in Chief

MASEN, Moroccan Agency for Solar Energy Mustapha Bakkoury President and CEO

MASEN, Moroccan Agency for Solar Energy Nabil Saimi Directeur

McKinsey & Co Johannes Lüneborg Partner

McKinsey & Co Jeremy Oppenheim Director

Mexican States Senate, Government of the United

Ninfa Salinas President Environment Comm.

Mexican States, Government of the United Juan Rafael Elvira Quesada Minister for Environment and Natural Resources

Mexico, the Embassy of Martha Barcena Ambassador

Morocco, the Embassy of Raja Ghannam Ambassador

NNational Renewable Energy Laboratory (NREL)

Doug Arent Executive director of Joint Institute for Strategic Energy Analysis

National Renewable Energy Laboratory (NREL)

Ron Benioff Director

National Renewable Energy Laboratory (NREL)

Mackay Miller Research Analyst

Nestlé Peter Brabeck-Letmathe Chairman

Nestlé Herbert Oberhaensli VP Economic and International Relations

95

Page 96: 3GF Report Resource Efficiency and Growth

Company / organisation Firstname Lastname Job TitleNetherlands, Government of the Carla Moonen Special adviser to teh Prime Minister

Netherlands, Ministry of Economic Affairs, Agriculture, and Innovation, Government of the

Roel Bol Director, Biobased Economy

Netherlands, Prime Minister's Office Carla Moonen Senior Advisor to the Prime Minister

New York City David Gilford Assistant Director, Center for Economic Transformation

Nobel Sustainability Trust Gustaf Nobel Chairman

Nobel Sustainability Trust Soeren Kofoed Senior Partner

Nordic Innovation Petra Nilsson Andersen Senior Advisor Innovation

Nordic Investment Bank Henrik Normann President and CEO

Novitas Innovation Tanja Bisgaard Founder

Novozymes Steen Riisgaard President & CEO

Novozymes Kåre Riis Nielsen Head of Public Affairs EU

Novozymes Anders Kristoffersen Manager

OOffice Depot Yalmaz Saddiqui Senior Director Purchasing and

Environmental Strategy

Organisation for Economic Co-operation and Development (OECD)

Angel Gurría Secretary-General

Organisation for Economic Co-operation and Development (OECD)

LAMIA KAMAL-CHAOUI Advisor to the Secretary General

Organisation for Economic Co-operation and Development (OECD)

Simon Upton Environment Director

Organisation for Economic Co-operation and Development (OECD)

Dirk Pilat Head of Science and Technology Policy Division, Directorate for Science, Technology & Industry

Organisation for Economic Co-operation and Development (OECD)

Christina Martinez Senior Policy Analyst, OECD LEED Programme.

PPensionDanmark Torben Möger Pedersen CEO

Pertamina Bapak Gusrizal Senior Vice President

Philips Frans van Houten President & CEO

Philips Jan Willem Scheijgrond Senior Director Environment Health & Safety

Philips Henk de Bruin Global Head Sustainability Office

Philips Karen Sørensen CEO Philips Nordic

Politiken Bo Lidegaard Executive Editor-in-Chief

Portland, City of Noah Siegel International Director

POSCO Research Institute (POSRI) Jisun Kim Business Analyst

Price-waterhouse Coopers (PwC) Malcolm Preston Global and UK Leader, Sustainability & Climate Change

96

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Company / organisation Firstname Lastname Job TitlePROhumana Soledad Teixido Executive President

QQatar Solar Khalid Al-Hajri CEO

Qatar, Government of the State of Abdullah bin Hamad

Al Attiyah Deputy Prime Minister, Chairman of the Administrative Control and Transparency Authority

Qatar, Government of the State of Fahed Bin Mohammad Al-Attiya

Chairman of Qatar National Food Security Programme and Chairman, Organizing Sub-Committee.

Qatar, Government of the State of Samer R. Frangieh Senior Advisor to the Chairman

Qatar, Government of the State of Abdulaziz Bin Ahmad Al-Malki Director of Office of the President of Administrative Control and Transparency Authority

Qatar, Government of the State of Hamad Ali Jaber AL Hanzab Ambassador of The State of Qatar to the Kingdom of Denmark

Qatar, Government of the State of Khalid Bin Fahed Al Khater Ambassador Climate Change

Qatar, Government of the State of Antoine Artiganave Personal Assistant to the Chairman

Qatar, Government of the State of Nasser Al-Mesalam Protocol

Qatar, Government of the State of Mohammed Al-Naimi Private Secretary

Qatar, Government of the State of Hamad Merherb Editor

Qatar, Government of the State of Mohamed Abdulla

Quest Associates Ltd Peter Harry Woodward Co-founder and Director

RRAP - the Regulatory Assistance Project Eoin Lees Senior Advisor

Repsol Sebastiano Silvestri Researcher

Rotterdam, City of Paula Verhoeven Director of Sustainability and Climate Change

Russian Federation, Foreign Ministry Alexander Sviridov Second Secretary

SSafaricom Limited Bob Collymore CEO

Safaricom Limited Sanda Ojiambo Head of Corp. Responsibility

Saint-Gobain Nordic & Baltic Thierry Lambert General Participant

Samsung C&T Corporation Keung Hwan Kim Executive Vice President & CTO

Samsung C&T Corporation Jung-Hwan Moon Manager

Samsung C&T Corporation Hyungwoo Park Manager Green Tech. Research

São Paulo, City of Eduardo Jorge Sobrinho Secretary for Environment

São Paulo, City of Joo Hyun Ha Interpreter

São Paulo, State Government of Valeria D'Amico de Lima Deputy Associate Secretary of State

SEMARNAT - Mexico Enrique Lendo Fuentes Head of the Coordination Unit

SEMARNAT - Mexico Alfonso Zegbe Camarena Representative to the OECD

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Company / organisation Firstname Lastname Job TitleSeoul, City of Chi Young Hwang Director-general of Climate Change

Siemens Jukka Pertola CEO

Siemens Kersten-Karl Barth Director Corp. Sustainability

Singapore, PM's Office Benedict Chia Ag Director, National Climate Change Secretariat

Stockholm Business Region Anna Gissler CEO

Suzlon Energy Limited Nicholas Archer Vice President

Switzerland, Federal Department of Foreign Affairs

Lorenz Kurtz Policy Advisor

Switzerland, Federal Office for the Environment (FOEN)

Bruno Maria Carmelo

Oberle State Secretary

Switzerland, Federal Office for the Environment (FOEN)

Rolf Gurtner Deputy Head of Economics.Sec

TTEPAV - Economic Policy Research Foundation of Turkey

Sibel Güven Director

TEPAV - Economic Policy Research Foundation of Turkey

Ozan Acar Advisor

The Electronic Product Environmental Assessment Tool (EPEAT)

Sarah O'Brien Director

Thomson Reuters Nelson Sam Global Head - Advisory Services, Commodities & Energy

Turkey, Government of the Republic of Cevdet Yilmaz Minister of Development

Turkey, Government of the Republic of Mehmet Ceylan Deputy Minister of Development

Turkey, Ministry of Development Sema Bayazit Head of Department

Turkey, Ministry of Development Cem Galip Ozenen Head of Department

Turkey, Ministry of Development Abdullah Ridvan Agaoglu Principle Clerk

Turkey, Ministry of Development Abdullah Baysal SECURITY H.E. Yilmaz

Turkey, Ministry of Development Omer Serdar SECURITY H.E. Yilmaz

Turkey, the Embassy of, in Copenhagen Berki Dibek Ambassador

Turkey, the Embassy of, in Copenhagen Emel Derinoz Tekin Counsellor

Turkish-Danish Business Council under the Foreign Economic Relations Board of Turkey

Feyhan Yaşar Chairperson

UU.S. Department of Energy Graham Pugh Director

U.S. Department of Energy Matthew Wittenstein Fellow

UK Green Investments Ian Nolan Development Director

Unilever Thomas Lingard Global Advocacy Director

United Nations Environment Programme (UNEP)

Achim Steiner Executive Director

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Company / organisation Firstname Lastname Job TitleUnited Nations Environment Programme (UNEP)

Steven Stone Head of Branch

United Nations Environment Programme (UNEP)

Corli Pretorius Executive Assistant

United Nations Foundation Mark Hopkins Director of International Energy Efficiency

United Nations Global Compact Georg Kell Executive Director

United Nations Industrial Development Organization (UNIDO)

Kandeh Yumkella Director-General

United Nations Industrial Development Organization (UNIDO)

Marina Ploutakhina Director

United Nations Industrial Development Organization (UNIDO)

Byung Nae Yang Senior Green Growth Advisor

United Nations Office for Partnerships Tomas Anker Christensen Senior Advisor for Partnerships

United Nations, Department of Economic and Social Affairs

Nikhil Seth Director for Sustainable Development

University of Copenhagen Niels Elers Koch Head of Institute

University of Copenhagen Katherine Richardson Professor

University of Maryland Nathan Hultman Director

University of Aarhus Lauritz B. Holm-Nielsen Rector

University of Aarhus Henrik Bindslev Vice Dean for Research

VVestas Wind Systems Ditlev Engel President & CEO

Vestas Wind Systems Peter Brun Senior Vice President

Vestas Wind Systems Matt Whitby Communication Partner

Vestas Wind Systems Michael Zarin Director, Corporate Relations

Vestas Wind Systems Jens Alsbirk Director, Gov. Relations

Vietnam, Ministry of Industry & Trade Le Duong Quang Vice Minister

Vietnam, Ministry of Industry & Trade Nguyen Huy Hoan Vice Director

Vietnam, the Embassy of, in Copenhagen Lai Ngoc Doan Ambassador

WWater Resources Group Anders Berntell Executive Director

WBCSD - World Business Council for Sustainable Development

Peter Bakker President

WBCSD - World Business Council for Sustainable Development

Matthew Lynch Project Director

WBCSD - World Business Council for Sustainable Development

Philippe Joubert Senior Advisor

Welspun Energy Vineet Mittal Co-founder & Managing Director

World Bank, the Rachel Kyte Vice President

World Bank, the Jarl Krausing Global Climate Change Policy

World Economic Forum (WEF) Dominic Waughray Senior Director, Head of Environmental Initiatives

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Company / organisation Firstname Lastname Job TitleWorld Economic Forum (WEF) Alex Mung Associate Director

World Economic Forum (WEF) Zomo Fisher Project Manager

World Economic Forum (WEF) Edvina Kapllani Analyst

World Energy Council (WEC) Christoph Frei Secretary General

World Resources Institute (WRI) Andrew Steer President

World Resources Institute (WRI) Craig Hanson Director

World Resources Institute (WRI) Leo Horn-Phathanothai Director, Intl. Cooperation

World Steel Association Åsa Ekdahl Manager

WWF European Policy Office Tony Long Director

YYasar Group Feyhan Yasar Vice President

Yingli Group Gang WANG Vice General Manager

Yokohama City Tadahiro Saegusa Manager Office Intl. Policy

Yokohama, City Fumiko Hayashi Mayor

Yokohama, City Tetsuya Nakajima Deputy Executive Director

Media21st Century Business Herald Chuan Zhao Journalist

Al Jazeera English Charlie Angela Journalist

Al Jazeera English Neil Cairns Journalist

Alarab Newspaper, Doha, Qatar Mohamed Elmetwaly Ahmed Ibrahim

Azzam Journalist

Associated Press, freelancer Richard Steed Journalist

Berlingske Soeren Springborg Journalist

Berlingske Media Keld Navntoft Photographer

Berlingske Media Torkil Adsersen Photo-journalist

Bloomberg News Gelu Sulugiuc Journalist

China Business & Trade Ping Gai Journalist

china economic times liu hui Journalist

Chosun Jenn Junghyun Park Journalist

Dow Jones/The Wall Street Journal Niclas Rolander Journalist

DR Camilla Faurholdt-Löfvall Journalist

DR Christian Gundtoft Journalist

DR Nina Z. Munch-Perrin Journalist

Ecnomic Information Daily Xiaobin Chen Journalist

El Financiero María Esther Arzate Journalist

Forbes Contributor, freelance Justin Gerdes Journalist

Freelance Wan Yun Journalist

information jørgen steen nielsen Journalist

ITAR-TASS Morozov Nikolay Journalist

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Company / organisation Firstname Lastname Job TitleJoongangilbo Wonjean Lee Journalist

Korea, Prime Minister's Office Sung-Ju Byun Photographer

K-TV YOUNG SUK BAEK Camera man

K-TV MYEONGSHIN KIM Camera man

MAEIL BIZ NEWSPAPER SEOK-KI MIN Journalist

People's Daily Zhonghua Liu Journalist

Petróleo & Energía Milton Méndez Journalist

Politiken Ellen Andersen Journalist

Politiken Magnus Holm Photographer

Qatar, Government of the State of Ahmad Al-Benali Photographer

Ritzaus Bureau Jesper Ravn Journalist

San Lian Life Week Wang Hongliang Journalist

Self-employeed Fan Wang Journalist

Self-employeed Peter Hasse Ferrold Photographer

The Associated Press Jan OLSEN Journalist

Thomson Reuters Kristian Mortensen Journalist

TV2 Svenning Dalgaard Reporter

Wall Street Journal/Dow Jones Newswires Flemming Emil Hansen Journalist

www.china.org.cn, freelance Wen Ge Journalist

Xinhua News Agency Devapriyo Das Journalist

Xinhua News Agency Jingzhong Yang Journalist

Xinhua News Agency Bo Wu Photographer

Yokohama City, freelance Naoki Mimuro Journalist

YONHAP NEWS AGENCY JUNG AHRAN Journalist

3GF Secretariat3GF Susan Ulbaek Ambassador

3GF Eva Grambye Head of Secretariat

3GF Lisbeth Jespersen Deputy

3GF Jonatan Porsager Head of Section

3GF Gitte Robinson Technical Advisor

3GF Jule Helen Glaser Head of Section

3GF Jørgen E. Christensen Head of Section

3GF Ulla Payreen Lüders Event manager

3GF Josefine Urup Wolff Student Assistant

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