Towards COP27: Catalyzing the Flows of Climate Finance and Investment to Accelerate Climate Action and Advance the SDGs 2022 | United Nations Economic Commission for Africa | 1 August 2022 | TBA, Africa

The world is facing a triple crisis caused by the current COVID-19 crisis, the current geopolitical situation and the global climate emergency. In this context, the five regional forums will focus on access to finance through new public/private vehicles, channeling and scaling up investments, and the nexus between climate and debt to support a just transition for all and a holistic approach to sustainable development. . Each region will focus on specific areas most relevant to it, such as energy transition, infrastructure and the transition to a circular economy.

The main objectives of the round tables are:

• Facilitate engagement with a wide range of partners and stakeholders, to accelerate public and private investments in concrete initiatives, platforms and projects, and identify and encourage policy actions that correspond to the distinct needs of the five different regions to deal with climate change in a holistic approach. way and reduce the current gap in Paris-aligned financial flows.
• Identify and share climate finance and investment opportunities that also support accelerating access to clean energy, food security and digital transformations, which remain key enablers for achieving the Sustainable Development Goals ( SDGs).
• Highlight successful examples of countries leveraging investment opportunities for climate action as well as financial institutions and investors transforming climate commitments into actions and financial flows.
• Connect representative groups of development partners, governments and private sector investors to propose and consider concrete instruments and initiatives that accelerate action towards the goals of the Paris Agreement and the 2030 Agenda for the sustainable development.
• Advocate for a transparent process that allows developing countries to showcase their investments in climate action, responsible use of raw materials for green growth, and complementary measures of progress to GDP.