There is a pressing global need to address climate change, which remains very high on international agendas amid other geopolitical issues and the pandemic. Private sector development is one of the main pillars of the IsDB President’s five-year programme (P5P), and embedding the commercial opportunities and helping corporates and banks make a material difference to support positive climate outcomes is something that can be facilitated by risk mitigation tools.
Egypt has a bold Vision2030 agenda that has sustainability at its heart. It also has the responsibility of hosting COP27 in November in which water poverty, protection of coastal areas, development of sustainable cities and waste management, and other sustainability-related issues will be discussed. Under the Glasgow Pact from COP26, countries have agreed to pledge further carbon cuts with the aim of reaching the 1.5°C goals as set out in the Paris Agreement. All OIC members face similar challenges. This session will highlight how CPRI can underpin infrastructure projects that can improve the environment and social outcomes, with a particular focus on Climate Action.
Private Sector Forum participants will share their related experiences, success stories, and best practices and explore investment and trade opportunities. This is a unique platform to network and establish business relations and partnerships with other leading representatives and counterparts from the business community, banks, development partners, and governments.