This webinar will provide an in-depth exploration of the financial demands linked to climate transition initiatives, including investments in renewable energy, carbon capture technologies, and afforestation projects, with a particular emphasis on developments in Latin America and Asia—especially focusing on the case of China. Additionally, we will examine approaches to managing acute physical risks, with a particular emphasis on developments in in these regions. The discussion will delve into how both Latin America and Asia are currently tackling their climate financing needs, whether through public funding, blended finance solutions, or various forms of foreign private investment. By comparing these strategies, we aim to shed light on the unique challenges and opportunities each region faces in mobilizing resources for climate action.
Are the obstacles distinct between Latin America and Asia? Furthermore, are there any lessons that could benefit the EU and the US in their own climate financing approaches to mitigation and adaptation?
Looking ahead, we will explore the best path forward to address the financial needs in Latin America and Asia. Lastly, we will analyze the most significant financial risks involved.
Persaud is a member of the High-Level Expert Group on Climate Finance of the COP26, 27 and 28 Presidencies and a member of the Independent Expert group on Debt, Nature and Climate, established by the Governments of Colombia, France and Kenya. He previously served as Chairman of the Caribbean Community’s Commission on the Economy and Commissioner of the UN Commission on Financial Reform. Prior to his public policy roles, Persaud was a senior executive at several major banks including J. P. Morgan, State Street and UBS.
Persaud has authored multiple academic publications with particular emphasis on financial policy. An Emeritus Professor of Gresham College in the UK, he is 2024 Perry World Fellow at the University of Pennsylvania, former Nonresident Senior Fellow at the Peterson Institute and winner of the Jacques de Larosiere Award in Global Finance for his work on financial risk management and systemic crises.
Persaud is a member of the High-Level Expert Group on Climate Finance of the COP26, 27 and 28 Presidencies and a member of the Independent Expert group on Debt, Nature and Climate, established by the Governments of Colombia, France and Kenya. He previously served as Chairman of the Caribbean Community’s Commission on the Economy and Commissioner of the UN Commission on Financial Reform. Prior to his public policy roles, Persaud was a senior executive at several major banks including J. P. Morgan, State Street and UBS.
Persaud has authored multiple academic publications with particular emphasis on financial policy. An Emeritus Professor of Gresham College in the UK, he is 2024 Perry World Fellow at the University of Pennsylvania, former Nonresident Senior Fellow at the Peterson Institute and winner of the Jacques de Larosiere Award in Global Finance for his work on financial risk management and systemic crises.
Before joining AIIB in August 2021, he held important leadership posts at the national and international levels. He was a Visiting Professor at the Lee Kuan Yew School of Public Policy, Singapore. Prior to this role, he was Deputy Secretary-General at the Organization for Economic Co-operation and Development (OECD) and was previously Chief Economist and Director General of Germany’s Federal Finance Ministry. In this position, he served as the G20 Finance Deputy for Germany and Co-chair of the Infrastructure Investment Working Group of the G20. Schuknecht has extensive experience working with international financial institutions, including the International Monetary Fund (IMF), the European Central Bank and the World Trade Organization. He also acted as the Chief Negotiator for Germany in the founding of AIIB, making him one of the architects of AIIB and one of the drafters of its Articles of Agreement.
He holds a Vordiplom in Economics from Ludwig Maximilian University of Munich, Germany; an MA in Economics from George Mason University, USA; and a Ph.D in Economics and a Habilitation in Economics from Universität Konstanz, Germany. Schuknecht is from Germany.
She has cooperated as advisor with the International Monetary Fund and the Federal Reserve Bank of Atlanta for over 10 years and she serves on the advisory boards of the Journal of Financial Regulation and Compliance, the Journal of Financial Regulation, the Central Banking Publications Training Advisory Board (UK) as well as the Institute of International Monetary Economics (UK). She has a PhD from University Complutense de Madrid, an MBA in finance from the University of California, Los Angeles (UCLA), and is a Certified Public Accountant (CPA).
