COP26: Clima-Med will demonstrate innovative funding models mainstreaming climate action in the South Mediterranean region

On November 2, 2021 (14:00-15:00 CET), in the framework of the Union for the Mediterranean (UfM) event – “Climate Action in the Mediterranean”, the Cyprus Climate Change Initiative and Clima-Med Innovative climate funding strategies will be presented. Co-orgnaisers of the side event are the Ministry of Agriculture, Rural Development and Environment of Cyprus, the Clima-Med project and the Network of Mediterranean Experts on Climate and Environmental Change (MedECC).

Clima-Med – Acting for Climate in South Mediterranean will be part of the side events at the EU Pavilion to demonstrate the progress of our work and partnerships with local authorities and organisations committed to addressing climate change in the South Mediterranean (MENA Region).

Opening remarks and introductions will be made by H.E. Constantinos Kadis, Minister of Agriculture, Rural Development and Environment of Cyprus, H.E. Dr. Muawieh Khalid Radaideh, Minister of Environment of Jordan, UfM Co-Presidency, (Jordan), Mrs. Silvia Crescimbeni, UfM Co-Presidency, Directorate-General for Climate Action (DG CLIMA). Mr. Grammenos Mastrojeni, UfM Secretariat, Senior Deputy Secretary General will be moderator  for the event.

In a session on the state of play of climate change, Dr. Fatima Driouech, Associate Professor at the University Mohammed VI Polytechnic and Coordinator of MedECC will present a scientific assessment on the impact of climate change in the Mediterranean:

Pr. Costas Papanikolas, Advisor of the President of the Republic of Cyprus and Special Envoy on Climate will then present the Cyprus Climate Change Initiative.

Clima-Med Senior Banking and Climate Finance Expert Vanni Puccioni will present on “Finding solutions for innovative climate funding strategies in the Mediterranean”. Clima-Med’s team are reviewing seven pilot financing models for the eight countries covered by the project (Algeria, Morocco, Tunisia, Lebanon, Egypt, Israel, Jordan and Palestine). The project is also in the process of developing a Finance Guidebook for MENA countries.

This year, the EU Pavilion programme at the COP26 (31 October – 12 November 2021) will include physical side events in Glasgow, a studio in Brussels, as well as digital side events. They will be accessible through an online platform to reach out to broader audiences around the globe and allow enhanced virtual participation.

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Agenda for the event