[ad_1]
Although the concept of transition finance is gaining momentum globally, its practical implementation is complex and difficult, especially in developing countries.
Indeed, in many countries across Africa, mainstreaming transition finance, which bridges the gap between traditional and sustainable financing as companies transition to net-zero carbon emissions, is difficult for a variety of reasons. It turns out that there is. Among other things, there is a lack of uniform definitions and regulations. and investment framework.
These elements are fundamental to the growth and development of transition finance, allowing banks, investors and policymakers from Cairo to Cape Town to strengthen support for companies to adjust and decarbonize, especially in hard-to-abate sectors. Do it like this.
Challenges in transition are inevitable. However, the pursuit of net zero also presents an opportunity for financial institutions and businesses.
To discuss both opportunities and challenges, Euromoney and the Commercial International Bank of Egypt (CIB) convened a virtual roundtable with subject matter experts from key public and private sector institutions.
-
Dr. Dalia Abdel Kader, CIB Chief Sustainability Officer
-
Sonja Gibbs, Managing Director and Head of Sustainable Finance, International Finance Association
-
Dr. Mahmoud Mohiruddin, UN High-Level Climate Change Champion at COP27 and UN Special Envoy on Financing the 2030 Agenda for Sustainable Development
-
Dr. Hoda Sabry, Advisor to the Egyptian Ministry of Environment and Investment
-
Eric Asher, United Nations Environment Program (UNEP) Financial Initiative
[ad_2]
Source link
