EGYPT - ICF 2022 & African Ministers Meeting

PANEL 5: ON THE ROAD TO COP27: PRE-FINANCE DAY – INNOVATIVE CLIMATE FINANCE & ACCESS

The Finance Day is an annual event held during COP with the objective of mobilizing public and private resources to support countries that are most vulnerable to climate change and help them adapt to the impacts of climate change and build their resilience to future climate events.

Tackling climate change requires going beyond traditional financing approaches and sources to meet the challenge at scale: at a global and grassroots level. In this context, the main objective of this panel is to exchange insights about innovative mechanisms and instruments to provide suitable financing for projects related to climate change adaptation and mitigation. Innovative financing models aim to unify the efforts of all the relevant stakeholders such as Governments, the private sector and civil society organizations, and philanthropies among others. Therefore, blended finance and debt swap agreements to implement green projects are among the key tools for innovative climate financing. The discussion will therefore focus on how to create enabling environments, and incentives to confidently invest in emerging economies in order to contribute to de-risking private investments in climate action.