Aligning Private Finance with Sustainable Development (Mobilizing Finance Sector Leadership on Climate Change Risks and Opportunities, Resilience, and Adaptation, with a focus on Africa and the Middle East)
The project will facilitate collaboration between UNEP FI and CEDARE to accelerate financing for climate change adaptation and resilience alongside mitigation in Africa and the Middle East. Activities include knowledge sharing sessions for financial institutions on climate risks, engagement with banks, insurers and regulators on sustainable finance principles, awareness raising on emerging research and guidance, and supporting finance-related activities at COP28.
Partners
UNEP
Region / Country
Africa and Middle East
Objectives
The overall objective is to contribute to implementation of UNEP Fl’s work plan to define and mobilize finance sector leadership on climate change risks and opportunities, resilience, and adaptation, with a focus on Africa and the Middle East.
Timeline
From – To 2023 – 2024
Outcomes
- Knowledge shared on managing and disclosing climate risks,
- Awareness raised on emerging knowledge products and tools,
- Stakeholders engaged to adopt sustainable finance principles and initiatives,
- Collaboration on climate finance issues for COP28 and other events.
Publications/website/portal
Relevance to SDGs
The project’s focus on strengthening climate risk management and scaling up adaptation financing in the region will contribute to SDG 13 (Climate Action). The promotion of sustainable finance principles and capacity building of stakeholders aligns with SDG 12 (Responsible Production and Consumption). The knowledge sharing activities relate to SDG 17 (Partnerships for the Goals).
