Challenges in Private Environmental Finance

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This plenary gathers panelists with extensive experience in building, advising on, and sustaining the environmental portfolios of philanthropic organizations, foundations, and other private actors. The session will center around Q&A on private sector financing toward meeting global environmental goals (not only mitigation but also adaptation, ecosystem management, biodiversity, etc.). The three key challenges we will address are: 1.) how to develop robust M&E systems that 1.a) capture meaningful changes over long time horizons - especially in the context of climate change, and that 1.b) address multiple scales by linking individual interventions to larger scale needs and changes; 2.) the limited models for early financing and (the lack of) financing for innovative start-ups, and 3.) the emergence and role of artificial intelligence (AI) and telemetric for measuring project results in real time and in a more disaggregated way.


Alan Miller
Alan Miller
Sustana Cooling Partners
Managing Director

Since retiring from the International Finance Corporation in December 2013, Alan has been doing a variety of work related to climate finance and policy for diverse clients, most recently several projects related to sustainable cooling including a chapter on finance for the Global Cooling Stocktake released by UNEP at COP28. He authored a chapter in "Sustainability: Business and Investment Implications," and regularly blogs on topics related to climate change finance and policy. Other post-retirement projects include: a UNDP project to improve weather and climate information services in 11 African LDCs including a UNDP publication: A New Vision for Weather and Climate Information Services for Africa; with Climate Finance Advisors, a report on financing adaptation for the Commission on Adaptation; through Crown Agents, working with US AID to promote increased private friendly investment in developing countries; a paper on coordinating the Montreal Protocol HFC phasedown with climate finance for energy efficiency for NRDC; with Stacy Swann, preparing six articles on climate risk, insurance, and development for the IFC (all available online) and a law review article, Climate Change and the Financial Sector: Risk and Opportunity; helping organize two days of climate change programs for a World Bank conference, Law, Justice and Development Week 2016. He continues to lecture on energy and climate change issues including courses at the Universities of MIchigan (environment and natural resources), Maryland (public policy), and American (business).


Erik Hedblom
Erik Hedblom
Vulcan (Paul G. Allen Family Foundation)
Senior Measurement and Evaluation Officer

Erik Hedblom is a Senior Measurement and Evaluation Officer for Partnerships & Programs at Vulcan (Paul G. Allen Family Foundation). Erik is a sector leader with 18+ years of experience in learning, program evaluation, strategic planning, International development and humanitarian affairs, and change management in the philanthropic and non-profit development sector. His specialties include strategic philanthropy, learning, evaluation & applied research, knowledge management, evidence informed decision-making.

Oscar A. Garcia
Oscar A. Garcia
The Global Energy Alliance for People and Planet (GEAPP)
Chief Impact Officer

Oscar A. Garcia has more than 25 years of experience in leading areas of strategic planning, evaluation, learning and results-based management. He is currently the Chief Impact Officer for the Global Energy Alliance for People and Planet (GEAPP). Prior to joining GEAPP, Oscar served as Director of the Independent Evaluation Office of the United Nations Development Programme Director of the Independent Evaluation Office of the International Fund for Agricultural Development (IFAD). He holds an MSc in Organizational Change Management, New School University, an MBA from the Bolivian Catholic University in association with the Harvard Institute for International Development.

Richard Margoluis
Richard Margoluis
Gordon and Betty Moore Foundation
Chief Adaptive Management

Richard is the chief adaptive management and evaluation officer and oversees a team dedicated to supporting the foundation’s four grantmaking programs, helping our staff and grantees use adaptive management to improve outcomes and results. Richard came to the foundation in 2016 from Foundations of Success, a small nonprofit organization he co-founded. Foundations of Success is dedicated to improving the practice of conservation and development through enhanced monitoring, evaluation, learning, and collaboration. Prior to co-founding Foundations of Success, he was the director of the Analysis and Adaptive Management Program and the Latin America and Caribbean Program at the Biodiversity Support Program in Washington, DC. Before the Biodiversity Support Program, Richard worked internationally as an assistant director of a biosphere reserve, founder and director of two community-based health and development organizations, field analyst for a food security information system, and evaluator of post-disaster interventions. Richard holds a Ph.D. in epidemiology and an M.P.H. in international public health from Tulane University. He also holds a bachelor’s in Latin American studies from Northwestern University.

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