1. Green IFSC Ireland’s Climate Change Financial & Administrative Services Centre The Green Economy – the real deal? LSCA, 20th September 2011

2. Mission Statement Facilitate, coordinate and accelerate the development of a global platform supporting the transition to a low-carbon economy where finance, trade and expertise can be developed, supported and exchanged.

3. Why Green Financial Services? Global transition to a low-carbon economy underway Transition drivers include: -Rapid demand growth from emerging economies -Increasingly scarce resources and expensive finite energy resources -Changing climate – extreme weather events -Growing, ageing, urban, richer population (est. global population of 9bn by 2050) Transition means investment (est. 4 – 6% global GDP pa) EU alone est. at €2.9 trillion spend over next decade

4. Background Government est. Green IFSC Steering Group early 2010. Cabinet Memo approved January 2011. New Programme for Government inclusion. Steering Group three-year plan to end 2014 developed and under final consideration Multi-sector initiative encompassing financial services, professional services and green enterprise sectors Last quarter 2011 launch

5. Green IFSC Enablers Memo/Government Programme Carbon – €6.8M Govt. investment for new international carbon standard/associated registry Dedicated project team - €1.5M private sector investment Regulatory – proposed green desk Legislation – Section 110/BES/Green eBrief Funds/insurance - repackaging Targeted marketing campaign Communciations/branding Business Specific Initiatives – under development Education – Postgraduate Cert. in Green Finance

6. Financial Services Ecosystem Venture Capital/ Private Equity Cleantech Funds Alternative Energy Funds Project Finance Innovative Financing (Securitisation, Bonds, Leasing) Green Asset Management Servicing of Green Funds Regional HQ activities (IP Management & Vendor finance) Carbon Markets activities: trade and management

7. Green IFSC Eco-system

8. Outcomes Leadership: position Ireland as a leader in this space Policy: implementation of Green/Smart economy goals Employment: generate new high quality employment Revenue: increase tax base (corporate, VAT, Income)