Client: European Union
Duration: 2018-2025
Region: Middle East and North Africa
Country: Regional
Solutions: Climate Environment
Identified as a a hotspot region for changes to climate, the Southern Mediterranean region is seeing increasing water scarcity, rising temperatures, and growing rates of desertification. The increasing frequency of severe weather impacts affects both socio-economic development and the geopolitical environment. The multidimensional nature of the changes call for a coherent and coordinated multi-sectoral response.
The ultimate objective of the Clima-Med project is to enhance the energy security and adaptive capacity of the partner countries, leading to more stable, efficient, competitive, and climate-resilient socioeconomic contexts, while increasing energy sovereignty and reducing emissions—in Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Palestine, and Tunisia.
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The Transforming Financial Systems for Climate (TFSC) program is part of a global €653 million effort of the Agence Française de Développement Group and the Green Climate Fund to develop a market for climate finance in 17 countries across Africa and Latin America. The TFSC is supporting the National Bank of Egypt in developing its Climate Change Strategy and Environmental and Social Risk Management System.
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