Scaling private sector climate finance in the MENA region

Presented by

Nuran Atef, Paul Smith (UNEP FI), Khaled Ezzeldin (Envision ESG), Anton Gigov (Ikigai Advisors)

About this talk

The MENA region is particularly vulnerable to the impacts of climate change with rising sea levels, rising temperatures, and water scarcity threatening social and economic stability in the region. With the release of two reports, UNEP FI explores the current state of climate action by banks in the region and the challenge for financial institutions in adapting to climate change.

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United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them. UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.