Moroccan and French Climate Champions mobilize investor coalition in NYC to unlock climate finance for vulnerable countries ahead of COP22
New York, September 22: Moroccan and French High-Level Climate Champions Hakima El Haite and Laurence Tubiana announced preparations for a global investment initiative on climate adaptation and resilience in a meeting held in New York on September 22, during Climate Week, with nearly 70 impact investors, philanthropic organizations and development thought-leaders from the United States.
The meeting was held to support Morocco's goal of making COP22 one of action and innovation, with an important emphasis on innovative approaches and mechanisms to unlocking the flow, and access to, climate finance through catalyzing private sector investment in mitigation and adaptation initiatives around the world.
To help unlock climate finance, Morocco convened this global coalition of investors, entrepreneurs, foundations, philanthropists, family funds and other private sector actors to discuss how to best collaboratively develop and fund bankable adaptation projects, in order to benefit the world's most vulnerable populations.
This coalition will work closely in the coming weeks to announce a large and broad scale mechanism during COP22 to address their goals, as well as to convene at the Global Climate Finance Action Summit in Marrakech, November 12-13.
This action-oriented summit during COP22 seeks to bring together a diverse cross-section of stakeholders to answer the question of how to best drive climate finance innovation to meet the goals of the Paris Agreement. |
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