The EBRD participates in this year’s 2022 United Nations Climate Change Conference, also known as COP27, demonstrating its leading role among multilateral development banks (MDBs) as a pioneer in the delivery of climate finance. President Odile Renaud-Basso, First Vice President Jürgen Rigterink and Managing Director Climate Strategy and Delivery Harry Boyd-Carpenter are among EBRD figures expected to attend the event.
This conference is key to delivering enhanced ambition on climate action.
The EBRD has committed to increase the proportion of its green investments to at least 50 per cent of the total by 2025. It comes to COP27 as it finalises its pledge to align all its operations with the goals of the Paris Agreement by 1 January 2023.
A number of the events will be livestreamed on ebrd.com.
Date: 8 November
10:00-11:00 Egypt time/08:00-09:00 GMT
Location: Mediterranean Pavilion
Watch livestream
As part of COP27, the Union for the Mediterranean will coordinate a panel in the Mediterranean Pavilion on 8 November to discuss challenges and opportunities of the Sustainable Blue Economy in this European sea. Panellists will identify joint opportunities for further action and express political support for setting up a Blue Economy Mediterranean Partnership to reverse ecosystem degradation and foster sustainable Blue Economy development. Pledging for this partnership is expected in 2023.
Within the event, EBRD President Odile Renaud-Basso and her counterpart Werner Hoyer from the European Investment Bank will discuss why the Blue Economy is a strategic area of focus for international financial institutions, and how best to sustainably accelerate the Blue Economy agenda in the Mediterranean and attract in private investment.
Date: 8 November
13:00-14:30 Egypt time/11:00-12:30 GMT
Location: Joint MDB Pavilion
At COP24, MDBs announced a joint framework for aligning their activities with the goals of the Paris Agreement, thus, reinforcing their commitment to combating climate change. Policy dialogue, engagement, and technical assistance, under Building Block 4 (BB4) of the joint framework, are critical in facilitating achievement of the Paris Agreement and integral parts of the MDBs’ operating model. MDBs carry out a periodic stocktaking of relevant policy related initiatives under four categories of support: (i) NDC implementation; (ii) NDC enhancement; (iii) LTS development; and (iv) Just Transition. The event will feature a discussion on the experiences of supporting development and implementation of NDCs and LTSs, associated challenges and opportunities and how MDBs can better support the various stakeholders in this endeavor.
Date: 9 November
Time: 10:00 – 11:00 Egypt/ 8:00 -9:00 GMT
Venue: Hall B– Green Zone
Board members and senior executives from across the Egyptian economy join a global network of likeminded business leaders as part of the Climate Governance Initiative (CGI). This event will announce the development of a new chapter in Egypt to provide company decision-makers with the knowledge, tools and training opportunities to accelerate the net-zero transition and support their companies’ long-term sustainability impact.
The European Bank for Reconstruction and Development collaborates with the World Economic Forum’s endorsed CGI to build awareness and capacity of boards on climate-related risks and opportunities and their implications on business models.
Join us to learn how easy access to networking and knowledge through this initiative can improve boards’ climate governance and build their capacity to manage climate-related risks and opportunities in line with international climate disclosure frameworks and standards.
Moderator: Vesselina Haralampieva, Senior Counsel, Legal Transition, EBRD
High-level speaker: Mark Bowman, Vice President, Policy & Partnerships, EBRD
Pannellists:
- Mr Ahmed El Sewedy, Governing Board of CGI – Egypt; President of El Sewedy Electric
- Ms Karina Litvack, Chair, Climate Governance Initiative, Non-Executive Director, ENI
- Mr Ahmed El Sewedy, Governing Board of CGI – Egypt; President of El Sewedy Electric
- Dr Suzan F. Hamdy, Chief Financial Inclusion, Sustainability and Business Development Officer, Banque Misr -Member of ExCo
- Ms. Dalia Wahba, Deputy CEO and CIO, Hassan Allam Utilities
Location: Joint MDB pavilion
Time: 11:15- 12:30 Egypt time/ 9:15-10:30 GMT
Many financial institutions are undertaking actions to support a net zero future: setting net zero targets, developing their own climate action plans, engaging companies on transition planning and calling on policymakers and regulators to develop stronger policy frameworks.
This event will provide a view on climate change leadership for Banks from a number of different perspectives: leading industry organizations, regulators, multilateral development banks, and Banks themselves.
It will grapple with the challenges that Banks are facing in demonstrating leadership and how they are overcoming them and identifying opportunities. This includes issues such as a lack of harmonized regulatory standards, mainstreaming climate through banking practices, scaling up finance for climate solutions. It will focus on experiences of Banks in different regions drawing out similarities and differences.
For EBRD, the event will look to promote its own climate proposition for the finance sector – namely its Paris alignment approach and the Transition Planning approach it will use with its partner banks.
This is a follow up event from last-year’s ‘From ambition to transition’ panel.
Moderator:
Maya Hennerkes, Director, Climate Strategy and Delivery, EBRD
Speakers:
Jean Boissinot, Head of Secretariat, Network for Greening the Financial System NGFS
Antoni Ballabriga, Global Head of Responsible Business Sustainability, BBVA
Sally Hamdalla, Head of Financial Institutions& Correspondent Banking, QNB ALAHLI
Francis Malige, Managing Director, Financial Institutions, EBRD
Location: Joint MDB Pavilion
Time: 13:00-14:30 Egypt time/ 11:00-12:30 GMT
Moderator:
Preety M Bhandari, Senior Advisor, Global Climate Program and the Finance Center, World Resources Institute
Speakers:
Minister Franz Tattenbach, Ministry of Environment and Energy, Costa Rica
Dr. Mahmoud Mohieldin, UN Climate Change High-Level Champion for COP27 & UN Special Envoy on Financing the 2030 Agenda for Sustainable Development
Dr Vickie Gunderson, Director of Climate and Environment, US Treasury
Sir Danny Alexander, VP for Policy and Strategy, AIIB
Dr Barbara Buchner, Global Managing Director, Climate Policy Initiative
Closing remarks
Dr Kevin Kariuki, VP for Power Energy Climate and Green growth, AfDB
A joint ILO-LSE Event
Date: 10 November
10:00-11:15 Egypt time/08:00-09:15 GMT
Location: Just Transition Pavilion – COP27
The importance of connecting climate action with positive social outcomes is increasingly recognized by investors, banks and other actors. The notion of a just transition is gaining traction but concrete efforts are still at a nascent stage. The ILO and the LSE Grantham Institute will host at COP27 event to launch a new just transition tool on banking and investment and discuss how financial institutions can move beyond commitments and take practical steps for a just and ambitious climate transition. The event will address the following questions:
- What is the role of financial institutions in supporting a just transition?
- What can be leveraged from existing sustainable finance frameworks and instruments and where are the gaps?
- How can a just transition logic be integrated in financial institutions’ organisation and operations?
Reflections on actionable entry points will be complemented by experiences and learnings from financial sector practitioners and leading experts.
Format
- In-person event live-streamed ILO Live - COP27: Events at the Just Transition Pavilion
Agenda
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Introductory remarks (5 min)
- Eric Oechslin, ILO Decent Work Country Team/Country Office Director, ILO Cairo, Egypt
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Presentation of the ILO-LSE Just Transition Finance tool (10 min)
- Camilla Roman, Policy Specialist, Green Jobs, ILO
- Brendan Curran, Policy Fellow, LSE Grantham Research Institute
- Panel Discussion “Towards financing a just transition to low-carbon economies. A new tool for responsible banks and investors” (30 min)
Moderated discussion by Nick Robins, Professor in Practice - Sustainable Finance, LSE Grantham Research Institute with the following speakers:
- Mandy Rambharos, Environmental Defense Fund VP – Global Climate Cooperation
- Gianpiero Nacci, Director, Sustainable Business and Infrastructure, Climate Strategy and Delivery, European Bank for Reconstruction and Development (EBRD)
- Tamsin Ballard, Director of Climate & Environment, Principles for Responsible Investments
- Nazmeera Moola, Chief Sustainability Ninety One
- Q&A (20 min)
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Closing Remarks (10 min)
- Maria Selin, Head of Regional Development Cooperation, Embassy of Sweden in Amman, Jordan
Date: 10 November
11:30-13:00 Egypt time/09:30-11:00 GMT
Location: Blue zone - Area B - Side-Event Room 7 Thebes
Transitioning to net zero and resilient economies in line with the goals of the Paris Agreement requires scaled-up and accelerated investments. Public resources – significantly stretched by the multiple global shocks – are falling significantly short of the required levels. In this context, private climate finance is essential in driving innovation and climate-compatible transition. MDBs work with developing countries on enabling markets, catalysing supportive policy environments, and mobilizing private sector finance. To this aim, condition for success is strengthening climate financial risk assessment and tailoring green finance interventions.
The joint MDB event will bring together MDB practitioners, academics, country representatives, as well as private sector actors to discuss the role of MDBs in developing countries in mobilising climate finance from the private sector through strengthening of the enabling environment, catalysing markets and deploying innovative financing instruments. The event will highlight opportunities related to concessional finance raised by MDBs for climate investments in developing and emerging markets, and challenges related to risk assessment for capital allocation.
Moderator:
Maya Hennerkes, Director, Climate Strategy and Delivery, EBRD
Speakers:
H.E. Dr. Rania Al Mashat, Minister of International Cooperation, Egypt
Soha El-Turky, Vice President, Chief Financial Officer, EBRD
Sir Danny Alexander, Vice President, AIIB
James Scriven, CEO, IDB Invest
Dr. Sherif El Khouly, Partner, Head of the Middle East & Africa Infrastructure, Actis
Stefano Battiston, IPCC Lead author and Associate Professor, Ca' Foscari, University of Venice
Gertraud Wollansky, Co-chair of Standing Committee on Finance, UNFCCC"
Türkiye took a number of key climate action steps in 2021 and 2022, showing the Government’s ambition to catch up with the paradigm shift in the post Paris Agreement world. These changes are important first measure to rise to the challenge towards a low carbon and climate resilient Turkish economy and a many efforts are now in implementation stage to translate these high level commitments into real action.
Türkiye set 2053 net-zero emissions target, updating Nationally Determined Contribution (“NDC”), and adopted National Green Deal Action Plan to comply with the EU Green Deal and mitigate adverse impacts of the impending Carbon Border Adjustment Mechanism (“CBAM”).
The panel will discuss the enabling role of sustainable finance to achieve Türkiye’s national targets and decarbonisation of energy intensive industries, key risks and opportunities for private and financial sector, challenges to access finance, technology drivers, learnt lessons on successful examples.
Moderator:
Maya Hennerkes, Director, Green Financial Systems, EBRD
Speakers:
Harry Boyd-Carpenter, Managing Director, Climate Strategy and Delivery, EBRD
Kıvanç Zaimler, President, Sabancı Holding Energy Group
Hamdi Hakan Bulgurlu, CEO, Arçelik Global
Ebru Özdemir Kışlalı, Chairman, Limak Holding (virtual)
Abdullah Buğrahan Karaveli, Head of Energy Efficiency and Environment Department, Ministry of Energy and Natural Resources
Date: 12 November
10:30-11:30 Egypt time/ 08:30-9:30 GMT
Location: Ukraine Pavilion
Watch live
The panel will address how investments, partnerships and policy can support food security concerns in the short term, while also addressing the mid and long-term risk of climate change to food security. The panel will involve the private sector, public sector entities as well as multilateral institutions.
Moderator:
Gianpiero Nacci, Director, Sustainable Business & Infrastructure, EBRD
Speakers:
Vickie Gunderson, Director, Office of Climate and Environment, U.S. Department of the Treasury
Anish Jain, Chief Treasury Officer (CTO) & Head of Corporate Communications and Marketing, ETG
Inkar Kadyrzhanova, Senior Natural Resources Officer, Office of Climate Change, Biodiversity and Environment, FAO
Marta Trofimova, Sustainability Manager, KERNEL
Iride Ceccacci, Head of Advisory, Agribusiness, EBRD
Date: 14 November
11:00-12:00 Egypt time/ 09:00-10:00 GMT
Watch it live
Location: UNFCCC, Lotus room
Water scarcity due to under-investment, climate change and population growth has drawn attention to the need for sustainable management of water. The private sector plays a part by building desalination plants, but these need renewable energy supplies. Reducing water losses, reusing water, incentivising the efficient use of water, and supporting digitalisation and innovation are also vital to making water systems more reliable.
Moderator: Sue Barrett, Director, Infrastructure TMEA, EBRD
Opening Remarks: Nandita Parshad, Managing Director, Sustainable Infrastructure, EBRD
Panellists:
• H.E. Dr Rania Al-Mashat, Minister of International Cooperation, Egypt
• H.E. M. Nizar Baraka, Minister of Water & Equipment, Morocco
• Ayman Soliman, CEO, Sovereign Fund of Egypt
• Amr Allam, Co-CEO Hassan Allam, Egypt
• Reham El Beltagy, CFO, Orascom, Egypt
• Rami Ghandour, MD, Metito UAE
Date: 14 November
13:15-14:30 Egypt time/ 11:15-12:30 GMT
Location: Joint MDB Pavilion
Watch livestream
Under the leadership of Egypt, the European Bank for Reconstruction and Development (EBRD), in partnership with the French Development Agency (AFD) and the African Development Bank (AfDB) will bring together representatives of the private and public sectors as well as financial institutions to offer participants key insights on how to put forth a systemic approach to accelerate gender equality in climate action. The event will present a new digital Gender Equality in Climate Action Accelerator which will aim to support private sector companies to improve gender-responsiveness of their corporate climate governance. The Accelerator will also support governments to promote gender-sensitive climate sector policies, accelerating their green transition.
Date: 14 November
16:30-17:30 Egypt time/14:30-15:30 GMT
Location: IETA Pavilion
Following pledges to the Paris Agreement globally, the increased demand for climate finance is valued at USD 23 trillion in emerging markets alone by 2030. While gender-smart climate finance is relatively new, it is growing fast as more investors apply a gender-lens to their investments across sectors. From 2018 to 2020, G7 development financial institutions alone invested USD 7 billion in over 200 businesses, taking into account gender considerations. Private investors mobilised another USD 3 billion. The business case for gender smart climate finance is fully established. Now is the time for scaling up gender-smart climate finance, by both public and private sectors. The European Bank for Reconstruction and Development will bring together representatives of the private and public sectors as well as international and financial institutions to discuss good practices, share real-life examples of gender-responsive climate finance across sectors and insights on how key organisations and businesses already engaged on this nexus could lead as example to scale up efforts internationally.
Nandita Parshad, Managing Director, Sustainable Infrastructure Group, EBRD
Date: 15 November
09:30-10:30 Egypt time/ 07:30-08:30 GMT
Location: IETA Pavilion
EBRD Green Cities: Egypt Leading in Africa
6th of October City, Alexandria and Cairo are leading the way in Egypt for meaningful city action as part of EBRD Green Cities. EBRD has supported ‘trigger’ infrastructure investments to instigate the development of Green City Action Plans (GCAP) for each city. The purpose of this event is to showcase these cities’ leadership, and lessons learned from more than 40 EBRD Green Cities.
Keynote speaker:
Sue Barrett, Director, Head of Infrastructure Türkiye, Middle East and Africa, Sustainable Infrastructure Group, EBRD
Speakers :
Dr. Mohamed Abdel Gawad Allam, Head of Multilateral Cooperation, Ministry of International Cooperation (MOIC), Egypt
General Mohamed Taher El Sherif, Governor of Alexandria, Egypt
Eng. Ahmed El Sewedy, President & CEO, Elsewedy Electric
Dalia Wahba, Deputy CEO and CIO, Hassan Allam Utilities
Dr. Maged Mahmoud, Technical Director, Regional Centre for Renewable Energy and Energy Efficiency (RCREEE)
Moderator:
Lin O'Grady, Associate Director, Deputy Head Sustainable Infrastructure Policy and Project Preparation, EBRD
MC:
Nigel Jollands, Associate Director, Sustainable Business and Infrastructure, Climate Strategy and Delivery, EBRD
15 November
Location: Joint MDB Pavilion
Time: 11:15 -12:30 Egypt time/ 9:15- 10:30 GMT
In this event, representatives from leading companies and institutions will discuss growing gaps in corporate climate governance and disclosures between developed and emerging markets, highlight emerging global standards, reveal the challenges and benefits of improving climate governance, and share lessons and resources for accelerating corporate transitions towards net zero.
They will touch on how much low levels of climate governance are limiting corporate access to capital and international markets; how greening economies, rising fossil fuel prices, and changing regulations are putting climate-related risks and opportunities at the centre of corporate competitiveness; and how demands from regulators, lenders, and investors for better climate governance and higher quality climate-related information are increasing.
This event will include discussion of the support available through the EBRD Corporate Climate Governance Facility to build the capacity of financial institutions and corporates to manage climate-related risks, capture climate-related business opportunities, and unlock green investment.
Moderator
Vesselina Haralampieva, Senior Counsel, Legal Transition, EBRD
Opening Remarks
Heike Harmgart, Managing Director, SEMED, EBRD
Speakers
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Maha Hasebou, Deputy General Manager, Strategic Sustainability, National Bank of Egypt
• Burcu Turkay, Global Head of Sustainability for Nuts, ofi (Olam Food Ingredience)
• Dalia Wahba, Deputy CEO and CIO, Hassan Allam Investment Managers
• Hichem Anene, CEO, Tunisian Company of Electricity and Gas (STEG) – pre-recorded message
• Amir Sokolowski, Global Director, CDP
• Livia Rossi, Stewardship Specialist at the UN-Supported Principles for Responsible Investment
15 November 2022
13:00–14:30 Egypt time/ 11:00-12:30 GMT
Location: MDB Pavilion, International Convention Centre
Watch live: ADB Climate Change and Disaster Risk Management - YouTube
In 2019, the multilateral development banks (MDBs) collectively committed to support countries in transforming their economies towards low carbon and climate resilient development. Acknowledging that the unprecedented speed and scale of these transformations pose challenges but also opportunities to different social groups, sectors, regions, and economies, the MDBs also committed to supporting a just transition that promotes economic diversification and inclusion.
Building on these initial commitments, in October 2021, the MDBs developed a set of High-Level Principles to ensure that their support on just transition is consistent, credible, and transparent.
With the foundations firmly established, this event will feature how MDBs are translating these principles into concrete support that is consistent with their priorities and mandates, and responsive to the needs of their member countries and clients. It will discuss key issues and showcase experiences and lessons in operationalizing and driving the just transition agenda forward in diverse contexts.
Date: 15 November
17:30-18:30 Egypt time/15:30-16:30 GMT
Location: Mediterranean Pavilion
To elevate the importance and benefits of scaling private-to-private renewable markets in the Mediterranean region at COP27, EBRD and UfM are organizing a high-level panel to discuss the latest trends, potential and challenges in this segment in SEMED.
The EBRD has been active in promoting and financing the private-to-private renewables for C&I in SEMED and has success models that have high potential for expanding the market in the continent. The panel will be a discussion between hi-level decision makers of private sector and government on how the segment can be further developed and replicated specifically in Egypt, Morocco, Tunisia, and Jordan. Private sector is critical to the energy transition plans of these countries, and it is important to get their perspectives of the enabling ecosystems needed to mobilize large scale private finance for this market segment.
Objectives of the panel:
– Take stock of the progress to develop private-to-private renewable energy across the region.
– Regulation that is required to allow for scaling up of private-to-private renewable energy.
– Financing needed to scale private-to-private renewable market.
Welcome Remarks:
Nandita Parshad, Managing Director, Sustainable Infrastructure Group, EBRD
Moderator:
Aida Sitdikova, Director Energy Eurasia MEA, EBRD
Speakers:
Paddy Padmanathan, Vice-Chairman and Chief Executive Officer, ACWA Power
Mohamed Mansour, Chairman, Infinity Energy
Pakinam Kafafi, Chief Executive Officer, TAQA Arabia
Ahmed Niazy, Managing Director, ASCOM Carbonate and Chemicals Manufacturing
Daniel Morris, Clean Energy Lead, Climate Investment Funds
Closing remarks:
Grammenos Mastrojeni, Senior Deputy Secretary General for Energy & Climate Action, UfM
Time: 13:15-14:30 Egypt Time/ 11:15-12:30 GMT
Location: Joint MDB pavilion
Climate Action in Cities will determine our global ability to address climate change. MDBs play an essential role in mobilizing finance for climate action in cities at scale. This event will present MDB actions to support meaningful investments for low-carbon & resilient development jointly in Africa and across the globe.
Location: Joint MDB Pavilion
Time: 11:15 -12:30 Egypt/ 9:15 -10:30 GMT
Carbon pricing, within an integrated climate policy mix, is one of the most powerful tools available for guiding economies toward a low carbon pathway. The MDBs are committed to meeting increased demand by supporting countries with the design, piloting, and implementation of carbon pricing instruments. This event will provide an update on key initiatives to support the operationalization of Article 6 while pointing out opportunities to pilot first transactions through the MDB investment portfolio.
Moderator
Fenella Aouane, Head of Carbon Pricing Global Practice and a Deputy Director, Global Green Growth Initiative
Presentations
Chandra Shekhar Sinha, Adviser Climate Change Group, World Bank
Jan Willem van de Ven, Head of International Climate Policy and Engagement, EBRD
Virender Kumar Duggal, Principal Climate Change Specialist, Asian Development Bank
Gareth Phillips, Manager, Climate and Environmental Finance, African Development Bank
Panel discussion speakers
Juan Pedro Searle Solar, Head of Climate Change, Ministry of Energy, Chile
Mischa Classen, Director Carbon Procurement, KliK Foundation
Madeleine Diouf Sarr, Head of the Climate Change Division, Ministry of. Environment and Sustainable Development (MEDD), Senegal
David Newell, International Climate Policy Advisor/Negotiator, Swedish Energy Agency
