Egypt

Millennium Challenge Corporation Media Advisory November 7, 2022 Please join the Millennium Challenge Corporation’s (MCC) Deputy Vice President of the Infrastructure, Environment and Private Sector (IEPS), Mr. Jonathan Richart, and the U.S. Agency for International Development’s (USAID) Chief Climate Officer and Deputy Administrator, Ms. Gillian Caldwell, for a Press Conference on Wednesday, November 09, 2022, at 9:00am (Cairo Time) in the Cairo Room, Area E, as they announce the launch of a Joint Green Finance Pilot Program for low- and lower-middle income countries. The press conference will be available for all registered COP27 participants on the COP 27 virtual platform. MCC and USAID will invest in technical assistance that enables the use of green bonds and other blended finance tools, potentially unlocking billions in new climate finance for developing countries. The Green Bond market has grown rapidly in the past decade with an aggregate market value that reached 1.6 trillion in 2021.  Although Green Bond issuances have occurred across the globe, most occur in high-income countries. This is where MCC and USAID will leverage partnerships and programs, creating inroads for investments in emerging markets while strengthening the resilience of developing economies. In total, MCC has invested roughly $1.5 billion in climate-related activities between FY15-FY20 and expects to invest an additional $1 billion between FY21-FY24. The Millennium Challenge Corporation is an independent U.S. government agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants and assistance to countries that meet rigorous standards for good governance, fighting corruption and respecting democratic rights. DETAILS: Speakers:                  Mr. Jonathan Richart, MCC’s Deputy Vice President of the Infrastructure, Environment and Private Sector (IEPS), and Ms. Gillian Caldwell, USAID’s Chief Climate Officer and Deputy …

Media Note Office of the Spokesperson November 8, 2022 Today, U.S. Special Presidential Envoy for Climate John Kerry and Michael R. Bloomberg, Special Envoy to the UN Secretary-General on Climate Ambition and Solutions and Founder of Bloomberg LP and Bloomberg Philanthropies, jointly announced $3 million in support of the Subnational Climate Action Leaders’ Exchange (SCALE), a first-of-its-kind initiative to support cities, states, and regions in the development and implementation of net-zero, climate-resilient targets and roadmaps. SCALE will empower subnational champions to drive ambition at the national and international level and will leverage action and advocacy organized around a set of high-level thematic and sectoral goals needed to keep a 1.5-aligned, climate-resilient future within reach. The initiative will expand the number of subnational entities committed to ambitious climate targets; connect them to relevant tools and resources and support the development of additional programs and technical assistance; showcase the efforts of leading cities, states, and regions and facilitate peer-to-peer exchange and capacity building; and promote multi-level and cross-sector dialogue, including on opportunities to mobilize finance for subnational action at scale. In its first phase, it will focus on accelerating implementation of the Global Methane Pledge and its call for a 30 percent reduction in methane emissions by 2030. The State Department intends to provide $1.5 million in support of SCALE, subject to Congressional notification and the completion of domestic procedures, which will be matched by $1.5 million from Bloomberg Philanthropies. For media inquiries, please contact ClimateComms@state.gov. CLICK HERE to submit your press release to MyPR.co.za International/. U.S. State Department and Bloomberg Philanthropies Announce Support for the Subnational Climate Action Leaders’ Exchange Submission Details Author: Africa Media from …

Media Note Office of the Spokesperson November 8, 2022 The Department of State’s Bureau of Energy Resources Assistant Secretary Geoffrey R. Pyatt will travel to Sharm El-Sheikh, Egypt, November 8-12 to participate in the 27th Conference of the Parties (COP27) to the United Nations Framework Convention on Climate Change (UNFCCC). While there, he will participate in events and dialogues to promote global cooperation on the clean energy transition, emissions reductions across sectors, critical supply chains, and technology innovation. He is part of the U.S. delegation led by Special Presidential Envoy for Climate John Kerry to reiterate our commitment to tackling the climate crisis while also advancing our energy security goals through a range of concrete initiatives and partnerships. For further media information, please contact ENR-PD-Clearances@state.gov. CLICK HERE to submit your press release to MyPR.co.za International/. Assistant Secretary Pyatt’s Travel to Egypt for COP27 Submission Details Author: Africa Media from . More Info link: Images: For a high res version of THIS image please contact Facebook: Twitter: …