00:00to the next speaker mr justin williams and mr justin he is the executive director of
00:08anglic organization from the united states so the floor is yours mr just uh justin
00:15thank you dr wasan and welcome everyone my name is justin williams and i am the executive director
00:21of tangelic and today i want to talk about something i believe is one of the most underutilized
00:26tools and development and that's ownership not access that participation but real ownership
00:34i'll share the story of how we're building a rural ghana and what it means for social
00:39entrepreneurship and green finance
00:44we've all seen it there have been billions spent infrastructure building programs launched
00:50then all of a sudden the funding stops and the community is left no better off sometimes even
00:55worse so i ask why does this keep happening and i believe the answer lies in one word ownership
01:03or rather the lack of it
01:08now on this slide we see the old model this is this is the default model in development
01:15external capital comes in something gets built and then the funders leave
01:21now the attention is definitely good but the outcome is often fragile because the community was positioned
01:27as a recipient not the owner when the project ends the knowledge the governance
01:33and revenue model disappear with it this model creates dependence
01:41now with the new model we have something different imagine a different sequence capital is invested
01:48to build local ownership from day local ownership i should say from day one the community is empowered
01:55with skills governance and enterprise tools then it owns the system not just uses it and because it
02:03owns it it can reinvest the returns this model creates resilience it shifts us from aid to enterprise
02:13and from projects to lasting institutions
02:21ownership framework at tangelic what we've learned is that ownership requires four interconnected pillars
02:29we know that infrastructure alone fails and governance without enterprise creates committees with no revenue
02:37additionally enterprise without finance cannot scale and lastly finance without the other three
02:44often creates debt or dependency when all four work together infrastructure governance enterprise and finance
02:53communities build institutions that last now that is real resilience
03:02in rural ghana women and girls walk hours every day for firewood the smoke damages their health and the forest
03:10disappear
03:11now this is usually framed as an environmental crisis but is also an economic one these challenges
03:18represent real market demand the communities living with them can't be the builders and owners of the solutions
03:24but these are markets that must build ethically this is where climate action and social entrepreneurship meet
03:36i personally know firsthand the good ideas exist and real demand exists what often is missing is the right kind
03:44of capital social enterprise and community-led initiatives in the global south are not starving for solutions
03:51they are starving for patient blended risk tolerant capital that understands last mile realities
03:58and is structured for ownership not extraction
04:04looking at this slide here this is how we think about moving capital from grants to sustainable community ownership
04:11it starts the foundation it starts with the foundation grants that provide the model
04:17capital capital then we move on to catalytic capital that absorbs the first losses concessional finance
04:25guarantees and helps scale lastly commercial capital can eventually participate because risk has been reduced
04:33at the bottom sits community revenue and reinvestment the ultimate sign of ownership this has helped this is
04:41the finance that actually works at the last mile
04:49now this is not a theory in three communities in ghana in the upper rest region natura banu
04:56capadiga and saru we are implementing this model right now in over 300 households
05:01we've provided solar home systems and clean cook stoves chosen by the communities which is a clear path to
05:07carbon revenue and local partnership with green for change ghana and as as you can see social opera
05:14social entrepreneurship and green fat finance were designed for ownership from the start
05:23what i've talked about is non-negotiable principle behind everything we do
05:27development happens with communities not to them when communities are treated as co-designers and co-owners
05:33instead of passive recipients the solutions are better and they last the principle should sit at the
05:40corner of social entrepreneurship and climate finance
05:47unfortunately women often carry the heaviest burden of energy poverty they also hold the greatest power to
05:53transform it in our model women are centered in enterprise governance and revenue sharing
05:59not as beneficiaries to be protected but as builders when women own part of the system the entire community
06:06becomes more resilient this is both value driven and strategically smart
06:15access vote access versus ownership access creates opportunity it opens doors but access alone keeps
06:22communities in permanent state of receiving ownership creates prosperity and when communities
06:28own the assets that's the enterprise and the revenue they move from being recipients of opportunity
06:35to creators of their own future this is the shift our work should be designed to enable from project
06:44to enterprise see we are trained to think in project cycles three years five years then exit but real
06:52development and real returns come from building enterprises and institutions that can survive and grow beyond
06:58any single funding cycle projects have timelines enterprises have futures the goal should be to build
07:07institutions that can stand on their own and compound value over time
07:16i'll leave you with this question just something to ponder what if ownership is the world's most underutilized
07:24development resource i'd like to say thank you and i hope this framework gives you something useful
07:31to think about in your own work if you're doing work similar challenges in social entrepreneurship
07:37or green finance i'd be happy to connect thank you thank you so much mr jeston again interesting presentation
07:46conversation with a lot of like good experiences from the ground
07:52you
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