{"id":162400,"date":"2022-11-16T09:09:21","date_gmt":"2022-11-16T13:09:21","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=162400"},"modified":"2022-11-16T09:09:21","modified_gmt":"2022-11-16T13:09:21","slug":"antigua-and-barbuda-co-chairs-meeting-as-private-sector-finance-and-climate-policymakers-discuss-bridging-the-gap-on-climate-finance-at-cop27","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/antigua-and-barbuda-co-chairs-meeting-as-private-sector-finance-and-climate-policymakers-discuss-bridging-the-gap-on-climate-finance-at-cop27\/","title":{"rendered":"Antigua And Barbuda Co-Chairs Meeting As Private Sector Finance And Climate Policymakers Discuss Bridging The Gap On Climate Finance At Cop27"},"content":{"rendered":"
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The urgency to drive private finance into addressing developing countries\u2019 climate needs was addressed at the second Private Climate Finance Policy Dialogue during the United Nations Climate Change Conference\u2014 COP 27\u2014held in Sharm El-Sheikh, Egypt.<\/p>

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The event was held as discussions on financing countries\u2019 climate priorities topped the agenda for COP27.<\/p>\n

The session brought together policy leaders, climate finance negotiators, and private sector finance leaders to enhance each other\u2019s understanding and awareness of national climate priorities and private sector perspectives.<\/p>

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They focused on the ongoing climate negotiations and the trillions of dollars needed per year globally of largely private-sector investment and finance.<\/p>

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These resources are needed by developing countries as they transition to a low-carbon society.<\/p>\n

Ambassador Diann Black-Layne co-chaired the meeting with the Vice President of CITI Mr. Ray Collins.<\/p>

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Ambassador Black-Layne acknowledged that having such dialogues was important, particularly, as losses and damages from climate change increase across the world resulting in countries struggling to adapt to the negative impacts.<\/p>\n

\u201cThe dialogue was helpful as the United Nations Framework Convention on Climate Change moves to set a new climate finance target from the USD100 billion already established in Paris in 2015,\u201d said Ambassador Black-Layne. \u201cThe meeting was designed to hear from investors, who are eager to be a part of the energy transition as well as adaptation projects and are looking for bankable projects to invest in world wide.\u201d<\/p>

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The latest data on international climate finance promised by developed countries to help developing countries address climate change by 2020, shows it fell USD 17 billion short of the USD 100 billion agreed.<\/p>

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The urgency to drive private finance into addressing developing countries\u2019 climate needs was addressed at the second Private Climate Finance Policy Dialogue during the United Nations Climate Change Conference\u2014 COP 27\u2014held in Sharm El-Sheikh, Egypt. The event was held as discussions on financing countries\u2019 climate priorities topped the agenda for COP27. The session brought together […]<\/p>\n","protected":false},"author":3,"featured_media":162401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-162400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nAntigua And Barbuda Co-Chairs Meeting As Private Sector Finance And Climate Policymakers Discuss Bridging The Gap On Climate Finance At Cop27 - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/antigua-and-barbuda-co-chairs-meeting-as-private-sector-finance-and-climate-policymakers-discuss-bridging-the-gap-on-climate-finance-at-cop27\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antigua And Barbuda Co-Chairs Meeting As Private Sector Finance And Climate Policymakers Discuss Bridging The Gap On Climate Finance At Cop27\" \/>\n<meta property=\"og:description\" content=\"The urgency to drive private finance into addressing developing countries\u2019 climate needs was addressed at the second Private Climate Finance Policy Dialogue during the United Nations Climate Change Conference\u2014 COP 27\u2014held in Sharm El-Sheikh, Egypt. 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