COP 29: UN Global Compact Hosts Successful Blended Finance Session

Private Sector Leadership Key to Unlocking Climate Finance in Africa

The recent COP29 conference was a significant milestone in the journey towards a more sustainable future. The event brought together key stakeholders, including the WTO, ITU, World Bank, Afreximbank, and the UN Global Compact, to discuss the crucial role of trade and investment in climate finance.

The conference featured a meeting with Dr. Ngozi Iweala, Director-General of the WTO, and Dr. Okey Oraima, President of Afreximbank, to discuss the importance of designing climate policies that incorporate trade principles, carbon pricing, subsidies, and regulatory policies.

The Global Compact Network Nigeria and Global Compact Network South Africa hosted a successful session on blended climate finance, adaptation, and resilience in Africa. This initiative was led by colleagues Tolulope Lewis Tamoka and Dr. Achieng Ojwang.

The event also celebrated the Times 100 Global Impact awardees, recognizing individuals who have made significant contributions to creating a more sustainable world. Awardees included Hafsat Abiola-Costello, Aadith Moorthy, and Vanessa Z. Chan.

Furthermore, the Africa Business Leaders Coalition released its annual climate report, highlighting the progress made by CEOs in accelerating climate actions. This report solidifies the work of the UN Global Compact in promoting private-sector leadership in sustainability and climate policies.

To read the report click. Here

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