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__December 1, 2023, 4:00PM - 5:00PM GST__

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__Background__ 
The economies of the Indo-Pacific and Southeast Asia regions are highly indebted, and climate vulnerable. Traditional climate finance flows are nowhere near the levels they need to be to reach climate targets. While blended finance is a proven tool for channeling private capital to places where it typically doesn’t flow, Convergence finds that climate blended finance flows have been declining; climate blended finance deal volume decreased by 55% in 2022 compared to 2021, and institutional investors are yet to take a strategic approach to blended finance. Blended finance will be an essential tool in reaching regional targets for net zero and supporting the region’s energy transition.

This panel discussion provides a venue to explore the factors behind the trends, to better understand experiences on both the supply (investors) and demand (recipients) side of capital. 

__About the panel discussion__ 
The session will explore:
- How to utilize blended finance to mobilize capital for climate finance - including transition finance - in the Indo-pacific and Southeast Asia
- What are the primary barriers to more consistent and scaled climate finance investment from institutional investors in these regions?
- What are successful examples of innovative climate blended finance structures and instruments deployed to mitigate risks and mobilize private investments in these regions and how can they be scaled or replicated?

__Agenda__ 

| Time | Description |
| ---------- | ---------- |
| 4:00PM-4:05PM | Welcoming Remarks by __Cate Rogers__, Assistant Secretary for Climate Resilience and Finance, Australian Department of Foreign Affairs and Trade |
| 4:05PM-4:10PM | Opening Remarks by __Joan Larrea__, CEO, Convergence|
| 4:10PM-4:40PM | Panel Discussion, moderated by __Joan Larrea__, CEO, Convergence __Panelists include__: - __Dana Barsky__, Global Head of Sustainability Strategy and Net Zero, Standard Chartered Bank - __Kitty Bu__, Vice President, Asia,Global Energy Alliance for People and Planet (GEAPP) - __Lori Kerr__, CEO, FinDev Canada - __Mason Wallick__, Managing Director/CEO, Clime Capital, Southeast Asia Clean Energy Facility (SEACEF) |
| 4:40PM-4:55PM | Open Discussion |
| 4:55PM-5:00PM | Closing Remarks by __Joan Larrea__, CEO, Convergence |

COP28 Panel Discussion: The State of Blended Finance in the Indo-Pacific and Southeast Asia Regions

Join this panel discussion at COP28 to learn about the State of Blended Finance in the Indo-Pacific and Southeast Asia regions

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