Later this year, Egypt will be hosting the COP27 Climate Summit. What does the gathering hope to accomplish at such an uncertain time for climate action?
It's time to go from pledges and commitments to implementation, Egyptian Minister for International Cooperation Rania al-Mashat says during a Global Stage livestream conversation hosted by GZERO Media in partnership with Microsoft.
"We want it to be an implementation COP," she explains. "And for that to happen, there needs to be a way for all the private-sector commitments that were made in Glasgow to make their ways to countries. And the only way to do that is if more climate finance ... is presented to actually de-risk some of the private-sector investments."
Despite the ongoing conflict in Ukraine, Al-Mashat believes climate is still a common-denominator issue for the entire world. For instance, the war is having a huge impact on food security.
The key, she adds, is nevertheless to show the private sector that it's safe to invest in things in climate partnerships with the private sector that can be scaled up.
Watch more of this Global Stage event: Live from Washington, DC: Financing the Future
