IGF News | IIGF Green and Gold Institute of China University of Finance and Oxford University Collaborative Project Training Session Successfully Held in Cambodia and Indonesia
Two workshops were successfully held in Indonesia and Cambodia in March, in collaboration with the International Institute of Green Energy Finance (IIGF) and experts from the Oxford Sustainable Finance Group, Smith School Enterprise and the Environment, University of Oxford. The workshops were provided in collaboration with the Institute for Economic and Social Research, Faculty of Economics and Business Universitas Indonesia (LPEM FEB UI) in Indonesia and the NGO Forum on Cambodia (NGOF) in Cambodia, and aimed to engage policymakers, researchers/academics, and private sector stakeholders in the energy and financing sector to improve their understanding of the impacts of current and planned projects on the local environment and sustainable development.
The workshops focused on enhancing the understanding of stranded asset risks related to environmental change through lectures, trainings, tools, and one-on-one meetings with experts from the University of Oxford. The aim of the training was to provide professionals with an introduction to spatial finance and asset-level data analysis, and to lay the foundation for the subsequent promotion and training of assessment tools.
Participants at the workshops developed capacity in conducting original analysis using highly granular and novel datasets developed by Oxford University for understanding, compiling, and evaluating national, sub-national, and corporate-level physical climate risk and transition risk. They also had the option to develop further capacity in conducting other types of analysis using asset-level data for monitoring and alignment, carbon budget projections, and assessing the joint physical and transition value at risk.
As part of the China Energy and Low Carbon Economy Project (CELCEP), this collaborative project, supported by UK PACT, will extend the climate risk assessment tool developed in partnership to the four Belt and Road countries of Pakistan, Indonesia, Cambodia and Vietnam, and provide training to practitioners from financial institutions, policy makers and academics in these countries. The training was provided to financial institutions, policy makers and academics in these countries to support green energy planning and investment and financing decisions at the financial, industrial and policy levels, helping the Belt and Road countries to accelerate their green energy transition and low carbon development.