Pilot Auction Facility: How do Climate Auctions Work?
Format:Full/partial remote access
Date:Nov 12, 2019 10:00AM to 11:00AM EST
Who Should Attend?
About this Event
The World Bank’s Pilot Auction Facility for Methane and Climate Change Mitigation (PAF) has successfully piloted climate auctions, an innovative financial mechanism that stimulates private investment in projects that reduce greenhouse gas emissions. Climate auctions transparently allocate public finance to the most cost-competitive mitigation projects. The PAF’s results-based finance model disburses funding to projects only upon delivery of verified emission reductions, thus helping to ensure delivery of climate outcomes. This webinar will present an overview of the Pilot Auction Facility, its auctions, and results.
- Stephanie Rogers is a Financial Specialist at the World Bank, focusing on the development and implementation of innovative financial instruments to address climate change. Stephanie leads the World Bank’s Climate Auctions Program, including the Pilot Auction Facility for Methane and Climate Change Mitigation, and co-leads the Carbon Markets and Innovation team’s work on operationalizing new market instruments under the Paris Agreement. Before joining the World Bank, Stephanie worked on corporate sustainability and risk management at the International Finance Corporation and as an attorney in government and private practice.
- Tanguy de Bienassis is a Financial Specialist in the Carbon Markets and Innovation Unit at the World Bank in Washington, DC. His work focuses on innovative climate finance initiatives such as the World Bank Climate Auctions Program. Prior to joining the World Bank Group in 2012, Tanguy worked in investment banking and strategy consulting and graduated from ESSEC Business School in Paris.