Speakers include Minister of International Cooperation of the Arab Republic of Egypt Rania Al-Mashat, EIB Vice-President Ambroise Fayolle, Director of the EUI School of Transnational Governance Alexander Stubb, Chief Executive Officer and General Manager of Enel Francesco Starace, and Chairman and Chief Executive Officer of Liebreich Associates Michael Liebreich.
The discussions will explore the best practices in the areas of a global just energy transition and innovation in new technologies that will determine the success of this make-or-break decade for climate change. The conference will also feature a special session on the upcoming COP27 in Egypt, which represents a pivotal moment for international climate negotiations, with issues like sustainable finance coming to the forefront. This session will provide insights into the key themes of COP27 and will discuss how financiers, businesses, policymakers and scientists can come together to make the best possible contributions and ensure COP27 is a success.
The conference is organised in the framework of the EIB Climate Chair at the European University Institute’s School of Transnational Governance.
“The COVID-19 pandemic and Russia’s war against Ukraine are a human tragedy and impact global energy and food security” said EIB Vice-President Ambroise Fayolle. “Both crises also have significant consequences for the global fight against climate change. This conference we are hosting with the European University Institute presents an important opportunity to take stock and discuss how businesses, cities, governments and financial institutions can collectively accelerate their support for a just energy transition, drive innovation in new technologies and support the successful outcome of the COP27 climate conference. I want to thank our partners at the European University Institute for the excellent cooperation in promoting best climate policy practices across the world.”
H.E. Dr. Rania A. Al-Mashat, Egypt’s Minister of International Cooperation, added that the main objective of the COP27 climate conference in Egypt later this year will be to move from pledges to implementation but that global climate financing is significantly lower than needed, and is also unevenly distributed, with Africa receiving less than 5.5 percent.
“Hence, innovative solutions, such as de-risking instruments and blended finance, are therefore more important than ever in attracting investment for green, sustainable, inclusive, and resilient development – particularly within developing countries and emerging economies” Dr Al-Mashat said. “This requires multi-stakeholder engagement, including cooperation between governments, multilateral development banks, and the private sector.”
For additional information:
European Investment Bank (EIB)