The study and dialogue program is organised in cooperation with the KAS Regional Program Energy Security and Climate Change Middle East and North Africa and the team for interior programs of the Konrad-Adenauer-Stiftung in Berlin.
The Regional Program Energy Security and Climate Change Middle East and North Africa has a strong focus on sustainable use of resources (energy, water, etc.). In this context, Sustainable Finance is an innovative approach to international climate, development and economic policies, which plays an important role in the implementation of the Paris Climate Agreement. As part of a strategy to promote green economic growth, public and private investment will have to consider possible benefits for the environment and society. Low-carbon and resource-efficient economies, as well as potential adaptation to the impacts of climate change, have to be at the forefront of sustainable development.
Many countries in the region are still subsidizing the use of fossil fuels, even though there is an urgent need of investment in renewable energy and energy efficiency. Thus, on the one hand, the financial system needs to be adapted to implement sustainable investment through suitable projects and, on the other hand, private capital must be acquired in addition to government sources in order to finance a more sustainable economy and way of life.
This, in turn, can only be generated in an environment that promotes Sustainable Finance. For instance, the rule of law and related policy frameworks can facilitate sustainable investment decisions. In addition, governments could promote sustainable finance by strengthening other related policy frameworks, most of all the Sustainable Development Goals (SDGs) and the Paris Agreement.
Although the MENA region is already seeing an increasing shift towards Sustainable Finance, the existing potential must be exploited and expanded even more. In view of the declining availability of resources in the region, sustainable development is playing an increasingly important role.The participants will gain insight into the implementation of Sustainable Finance in Germany and Europe. They expand their knowledge of the implementation of appropriate measures, identify opportunities for cooperation and inform themselves about new approaches to sustainable financing.