Towards COP27: Regional Forums on Climate Initiatives to Finance Climate Action and the SDGs Economic Commission for Latin America and the Caribbean Round table on climate financing and productive transition in LAC

In preparation for COP27, the United Nations system, leveraging its convening power, network of experts and influencers at the regional level, will partner with the incoming Egyptian Presidency of COP27 and high-level climate change champions of the UN for COP26 and COP27 to host a series of five regional forums “Towards COP27: Regional Forums on Climate Initiatives to Finance Climate Action and the SDGs” bringing together key stakeholders from the public and private sectors, to catalyze investment of the private sector in climate mitigation and adaptation in line with the SDGs. Participants, including public and private financial institutions and countries, initiatives and organizations preparing projects, will work together to identify and address financial bottlenecks, showcase and learn from private sector investment success stories, and share climate initiatives. ready for investment in the Member States to drive even more investment.

The regional forums will focus on convening development cooperation partners and private sector representatives alongside countries, initiatives and platforms seeking to generate capital for climate investments to foster greater understanding, bridge the gaps between investors and the projects they need. investment and ultimately catalyze further investment in critical climate projects.

In this event, some priority axes for the region and their investment opportunities will be analyzed, such as the energy transition, electromobility, strategic minerals and the resilience of the small island developing States of the Caribbean. The Bureau will bring together government officials, policy and project makers, as well as high-level representatives from international organizations, financial institutions, and global and regional businesses.

What are the objectives of the event?

• Facilitate the commitment of a broad set of partners and stakeholders, to accelerate public and private investment in initiatives, platforms and concrete projects, and identify and encourage political actions that correspond to the sustainable energy transition of the region and reduce the current gap in financial flows aligned with the Paris Agreement.
• Address the barriers to access to financing for development in the different subregions of Latin America and the Caribbean and consider the current financing and debt challenges.
• Identify and share climate financing and investment opportunities that also support the acceleration of the region’s sustainable energy transition.
• Highlight successful examples of countries that are seizing investment opportunities for climate action, as well as financial institutions and investors turning climate commitments into actions and financial flows.
• Connect representative groups of development partners, governments and private sector investors to propose and consider concrete instruments and initiatives that accelerate action towards the goals of the Paris Agreement and the 2030 Agenda for Sustainable Development.