This webinar discussed which investment and financing priorities are needed for a proper green transition in African countries, considering both climate change and post-COVID economic recovery constraints.
Closing the webinar, the President of the EMEA Prof. Rym Ayadi highlighted: “To accelerate the green transition towards a net zero scenario, it is essential for the COP 26 to reach forceful and enforceable multi- stakeholders agreement that involves the public, private and academia. The agreement must be anchored in knowledge transfer, diversity, resilience and solidarity and must be explicit about a global financing strategy, instruments, institutions and standards (e.g. a global ESG)”
It should be noted that the Banking Stakeholders Group (BSG) of the European Banking Authority (EBA) which is chaired by Prof. Ayadi issued a statement on Sustainable Finance for COP26 which highlights that the BSG commits its resources and expertise to contribute to the work of the EBA to create an effective data set for ESG purposes and to encourage banks to adopt exposure classification criteria consistent with ESG objectives.
Link to EBA-BSG statement