With extreme weather events shining a spotlight on widely held concerns about the potential dangers of climate change, an expert forum took place in the Moroccan capital Rabat last week, aimed at discussing ways to mobilise finance for climate-resilient infrastructure.
Organised by the Standing Committee for Finance of the United Nations Framework Convention on Climate Change (UNFCCC), in partnership with the European Bank for Reconstruction and Development (EBRD) and the Union for the Mediterranean (UfM), the conference brought together various experts, including policy-makers from emerging and advanced economies, industry representatives and delegates from international financial institutions and rating agencies.
A significant part of the conference was dedicated to sharing best practice, lessons learned and discussing how to create an environment supportive of climate resilience.
The discussions at the forum also touched on donor support for climate-resilient infrastructure through international climate finance mechanisms.
Since 2010, the EBRD has invested over €1.1 billion in dedicated climate adaptation measures in support of 140 infrastructure projects with a total investment volume of more than €3.1 billion.