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Energy & Environment

World Bank Clean Fund Chief Mafalda Duarte keynotes at World Geothermal Energy Summit 2015 in San Francisco, to talk about how private players can tap into $8.3bn fund to manage early exploration risk

Head of $8.3 billion World Bank Climate Investment Funds, Mafalda Duarte will speak at WGES 2015 this December 10-11 in San Francisco, California among other funding agencies and regulators, developers, and operators from the United States, Indonesia, Ethiopia, Kenya, the Philippines, Iceland, Costa Rica, Mexico, Turkey and Chile to talk about how private players can tap into $8.3bn fund to manage early exploration risk.
"Let's empower clean energy deployment," says Duarte.
"Let's empower clean energy deployment," says Duarte.
PR-Inside.com: 2015-09-30 15:07:49
(30 Sep 2015, San Francisco) Head of $8.3 billion World Bank Climate Investment Funds, Mafalda Duarte will speak at WGES 2015 this December 10-11 in San Francisco, California among other funding agencies and regulators, developers, and operators from the United States, Indonesia, Ethiopia, Kenya, the Philippines, Iceland, Costa Rica, Mexico, Turkey and Chile.

Mafalda Duarte is the Manager of the $8.3 billion Climate Investment Funds (CIF), whose Secretariat is located in the World Bank Group’s Climate Change Vice Presidency, in Washington, D.C. She has over 15 years of work experience and in-depth knowledge in development and climate change. She has been responsible for the design and implementation of several funding mechanisms and new thematic programs. She holds degrees in international relations, economic policy management and climate change.


Geothermal power is one of the leading alternatives to fossil fuel based generation given its affordability, its flexibility, and the fact it can operate 24 hours a day, seven days a week, unlike some other forms of renewable energy. As of 2014, total global geothermal power capacity was around 12.8 GW, with the US, the Philippines, Indonesia and Mexico leading in terms of generating capacity (REN21). This is more than the installed capacity of all electricity generation sources of Singapore or two times that of Nigeria. However, its development is marked by high upfront costs and resource risks which necessitates public sector engagement and can discourage private sector participation.

The World Geothermal Energy Summit 2015 is organised by the Center for Energy Sustainability Economics, an energy industry think tank within Arc Media Global. Other notable speakers include: Indonesia Power Geothermal CEO, Sugeng Triyono and Supreme Energy COO, Victor Van Der Mast.

Key things important to note at the World Geothermal Energy Summit 2015 in San Francisco include:

Public sector engagement, including the role of DFIs, is key to alleviating some of the early stage risks in order to facilitate additional sources of financing. It could be in various forms such as through innovative financial products like contingency grants, through targeted interventions like standard setting for licensing or streamlining institutional framework, among others.

Private sector engagement, both in terms of leveraging financing as well as reducing costs is critical to scale up geothermal development in a country.

Sharing of resource availability data is very important to reduce some of the barriers to entry and help design innovative instruments around the development process.

The private sector can play a key role here by actively sharing such information.

Technical assistance and policy level support play a vital part in addressing capacity constraints in some of the less mature markets.

Four things that will be tabled and discussed at the WGES 2015 conference are:

(i) the role of the public sector in creating enabling environment to support deployment;

(ii) the role of targeted financing and innovative financial instruments to mitigate risks and thereby encourage private sector participation;

(iii) existing data gaps highlighting local capacity constraints and,

(iv) private sector willingness to share key data to help bring costs down and support further market development.

Join the World Geothermal Energy Summit 2015 on 10-11 December 2015 in San Francisco by emailing geothermal@arcmediaglobal.com. Visit www.arcmediaglobal.com/geothermal for more info.

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About the Climate Investment Fund (CIF)

The Climate Investment Funds (CIF) is providing 63 developing and middle income countries with urgently needed resources to mitigate and manage the challenges of climate change and reduce their greenhouse gas emissions. Since 2008, the CIF champions innovative country-led investments in clean technology, renewable energy, sustainable management of forests, and climate-resilient development. Fourteen contributor countries have pledged a total of $8.1 billion to the CIF, which is expected to leverage an additional $57 billion from other sources. Visit www.climateinvestmentfunds.org/cif/node/11900 for more info.

About the Center for Energy Sustainability and Economics

The Center for Energy Sustainability and Economics works to bring top executives together in communities of learning and practice, act as a catalyst for generating high-value energy business insight, and channel top expertise to where you need it most. Visit www.think-energy.org for business-critical energy insights.

About Arc Media Global

Arc Media Global is the leading emerging markets specialist in B2B market entry, trade shows and conferences. We provide market insights and platforms to help decision-makers achieve greater differentiation, smarter decisions, better bottom line results and growth.

Find out more about who we are and how you can achieve your business development and process improvement objectives using AMG’s events, digital marketing capabilities and market entry solutions at www.arcmediaglobal.com.

Contacts:

Rex Ian Sayson

CALL +1 917 512 2878 |

FAX +1 646 513 4296 |

EMAIL geothermal@arcmediaglobal.com |

WEB arcmediaglobal.com/geothermal

Press Information
Center for Energy Sustainability and Economics c/o Arc Media Global
137 Market Street, #06-00 Singapore 048943

Rex Ian Sayson
Director
Tel +1 917 512 2878
email
www.arcmediaglobal.com/geothermal


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