MIGA at COP28
The UN Conference on Climate Change COP28 took place November 30 - December 12, 2023 in Dubai, UAE.
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 28
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Financing Adaptation through Regional Development Banks
Saturday, December 2, 1 pm Dubai/4 am ET
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How DFIs Can Foster Private Investment in Sustainable Infrastructure
Monday, December 4, 11:30 am Dubai/2:30 am ET
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Unlocking Private Capital for Green and Climate-Resilient Transportation
Monday, December 4, 3 pm Dubai/6 am ET
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Boosting Climate Action through State-Owned Enterprises
Wednesday, December 6, 11 am Dubai/2 am ET
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The Role of Banks in the Transition to Net-Zero
Friday, December 8, 5 pm Dubai/8 am ET
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Mobilizing Private Investment in the Energy Transition: The Role of Project Preparation Facilities
Saturday, December 9, 3:30 pm Dubai/6:30 am ET
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Scaling Up Climate Investments in Fragile and Conflict-Affected Situations
Saturday, December 9, 4 pm Dubai/7 am ET
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Driving Climate Resilience: Public-Private Insurance Partnerships for Development
Sunday, December 10, 11 am Dubai/2 am ET
MIGA's Climate Work
Feature
In 2023, MIGA is supporting Djibouti's transition to clean energy by guaranteeing its first independent power project.
Press Release
MIGA was instrumental in encouraging private sector participation in addressing DRC’s power deficits in an environmentally and financially sustainable manner.
Climate Project
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.
Blog
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.