The G20 Leaders in Bali acknowledged the need for a new global institution to address the $4.2 trillion annual funding gap toward meeting the UN Sustainable Development Goals (SDGs) aligned with the Tri Hita Karana values of social, ecological and spiritual harmonies. The G20 Bali Global Blended Finance Alliance is a new international organization borne out of the leaders’ meeting to address this significant financing gap impeding the achievement of the SDGs and the climate transition in developing countries through the use of blended finance. Blended finance is a strategic way to combine different types of funding sources from public, philanthropic and private sectors with varying risk levels to scale investment for climate actions and the SDGs. 

Held in the Indonesia Pavilion around the World Economic Forum in Davos, the G20 Bali Global Blended Finance Alliance Dialogue with the theme “Co-envisioning the new global Organization embracing the Tri Hita Karana Social, Ecological and Spiritual Harmonies” comprised a panel of speakers to share insights, explore best practices and perspectives on the role of blended finance to scale climate and development finance. The session will also provide an update on the G20 Bali Global Blended Finance Alliance’s progress while inviting dialogue on the potential role and collaboration needed to advance SDGs and better business better world. 

15.00 – 15.05

Opening Remarks & New Organisation G20 Bali Global Blended Finance Alliance Update

H.E. Rosan Roeslani, Minister of Investment and Downstreaming Industry, Republic of Indonesia 

15.05 – 16.00

Dialogue “Co-envisioning the new global Organization embracing the Tri Hita Karana Social, Ecological and Spiritual Harmonies” 

Dialogue on the potential role and collaboration needed to advance the SDGs and better business better world to support the G20 Bali GBFA and its 3 key pillars: 1) Country-led platform; 2) Institutional capacity building; and 3) Convening for partnership.   

Panel Discussion

Andreas Schaal, Director for OECD Global Relations and Co-operation, OECD

Focus: Facilitate G20 Blended Finance principles to strengthen blended finance ecosystem, and how OECD can contribute as Strategic Knowledge Partner

Andrew Steer, Chief Executive Officer, Bezos Earth Fund 

Focus: Importance of philanthropic capital and how Bezos Earth Fund can contribute.

Darmawan Prasodjo, President Director, PT PLN (Persero)

Focus:  Indonesia overall renewable energy landscape and PLN roles and HEAL Program

James Hooton, Managing Director, Green Finance Institute

Focus: How Green Finance Institute can support G20 Bali GBFA in its 3 key pillars.

Jon Creyts, Chief Executive Officer, RMI

Focus: How RMI might play a role in supporting the G20 Bali GBFA, in particular, the Happy

Energy Action Leadership (HEAL) Program proposed as a G20 Bali GBFA program

Peter Seligmann, Chairman Conservation International

Focus:  Share CI’s program in Indonesia, eg. Blue Halo S, and how CI can contribute to G20 Bali GBFA 3 key pillars

Tanja Havemann, Co-founder and Director of Clarmondial

Focus: Blended finance for Food Securities Fund and how Clarmondial can support the G20 Bali GBFA

Q&A and Reflection Session with Audience 

Facilitated by Cherie Nursalim, Co-founder United In Diversity Foundation/Tri Hita Karana Forum

16.00    

Closing group photo