Bonn, 1 September 2022 (TDI): Mahmoud Mohieldin, a high-level COP27 champion and the World Bank Group’s Senior Vice President for the 2030 Development Agenda, UN Relations, and Partnerships, discussed his efforts to mobilize resources and funding for practical climate projects during Africa Climate Week.
This was shared by the official Twitter account of United Nations Climate Change.
🫱🏾🫲🏽”Unprecedented Matchmaking” 🫱🏾🫲🏽
At #AfricaClimateWeek, COP27 High-Level Champion for Climate Action @UNenvoyMM explained how he’s working to harness finance and assets for real-world climate projects.@hlcchampions | @Cop27P | #ClimateCrisis pic.twitter.com/erFc5AGljW
— UN Climate Change (@UNFCCC) August 31, 2022
Mahmoud Mohieldin, while addressing the conference, said, “We have done some good preparation for COP27 to do unprecedented matchmaking. So the idea here is basically to bring the supply of projects close to the supply of finance and assets.”
Furthermore, he also added that
“Unfortunately, I have seen it in the past myself that you get the finance people talking to each other and then the line ministers and those who are preparing projects in real economy, in the agricultural sector, in the water management, in the energy sector and in the overall infrastructure. We talk together but in an isolated room.”
Along these lines, Mohieldin continued,
“So these regional, economic partnerships that we are having with the COP27, with the champions to have these regional roundtables which have been really producing a very promising list, that could be start of building pipelines for investable and bankable projects.”
COP27: An Overview
COP27 is a UN Climate Change Conference 2022 that discusses the development agenda for the world. From November 6–18, 2022, in Sharm el-Sheikh International Convention Center, Egypt the Climate Change Conference will be held.
Moreover, COP27 concentrates on climate impacts and adaptation in Africa, which is currently dealing with the blended effects of climate change.
These also include the food, fuel, and fertilizer shocks brought on by Russia’s invasion of Ukraine, and the COVID-19 pandemic.
ACW 2022: An Overview
Africa Climate Week (ACW) 2022 takes place from 29th August till 2nd September. To advance climate action across nations, communities, and economies, Africa Climate Week 2022 promotes and empowers stakeholders.
Also Read: Egypt at Africa Climate Week ACW 2022
Besides this, ACW meetings are a crucial time of year for organizations to get together to exhibit cutting-edge climate initiatives and talk about how to act more quickly. Also, it has played a significant role in accelerating global climate action.
