MIGA at COP27
The 27th United Nations Climate Change Conference of the Parties (COP27) is taking place in Sharm El-Sheikh, Egypt from Nov. 6-18, 2022. Egypt’s vision as COP27 President is to move from negotiations and planning toward “full, timely, inclusive, and at-scale action on the ground.
Private sector involvement in climate action is key to closing the climate finance gap, which by some estimates ranges in trillions of dollars. MIGA's ability to mobilize private capital is essential for unlocking private sector potential for addressing climate finance needs in developing countries.
MIGA has made climate change a priority area of its strategy, along with low-income countries and fragile and conflict-affected situations, and has sought to implement the commitments made in the World Bank Group Climate Change Action Plan.
MIGA Events at COP 27
[Flagship] Accelerating Sub-Saharan Africa Energy Access with Distributed Renewable Energy
Wednesday, Nov. 9, 9 am Egypt/2 am ET
Climate-Resilient Infrastructure: The Role of the Private Sector
Thursday, Nov. 10, 2 pm Egypt/7 am ET
[Flagship] Innovative Credit Structures to Scale Private Climate Finance
Friday, Nov. 11, 3 pm Egypt/8 am ET
[Flagship] Insurance Solutions for Climate and Disaster Resilience
Saturday, Nov. 12, 3 pm Egypt/8 am ET
Greening the Financial Sector: Innovative Approaches
Monday, Nov. 14, 11 am Egypt/4 am ET
Mobilizing Private Capital in Challenging Markets: Blended Finance for Climate
Tuesday, Nov. 15, 11 am Egypt/4 am ET
De-Risking Carbon Markets to Scale Up Private Sector Impact
Thursday, Nov. 17, 10 am Egypt/3 am ET
MIGA's Climate Work
In North Macedonia, 230 workers use solar power to bake cakes and sweets. In Kosovo, the ABI Group uses solar to light two shopping malls.
In Peru, Mivivienda Verde provides financing for the acquisition of properties certified as sustainable green housing.
MIGA’s guarantees will support the provision of electricity and logistical services to power existing and future cell phone towers in Liberia and Sierra Leone.
A core part of MIGA’s priorities is to draw attention to the challenges women working in the energy sector face and facilitating more equitable access to energy for all.
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