The European Bank for Reconstruction and Development (EBRD) has announced an extensive program of events that it will organize as part of the UN Climate Change Conference (COP29) in Baku on November 11-22, 2024.

Report informs citing the EBRD that on the first day of the conference, the bank will join forces with other multilateral development banks (MDBs) such as the Asian Development Bank, African Development Bank, and World Bank Group to host an event titled “Partnership for Progress: MDB and Client Collaboration in Advancing Article 6 and Carbon Market Development”. This session will bring together key stakeholders to discuss how MDBs are supporting clients through cooperation in international carbon markets.

On November 13, the EBRD, in collaboration with other MDBs, will organize a session on “Measuring Climate Results: Common Indicators for MDBs”. Participants will explore how development banks assess results, reporting methods, and shared indicators.

The EBRD will partner with the International Energy Agency (IEA) on November 14 to host an event focused on “Scaling Up Energy Efficiency in Africa: Strategies and Partnerships for a Zero-Emission Future”. This session will delve into the financing of energy efficiency initiatives in developing countries, with a special emphasis on Africa.

November 15 will feature three events: “Greening Financial Systems: Challenges, Lessons, and Progress”, discussing the role of financial systems in decarbonizing economies; “Country Platforms for Climate Action: Common Understanding and Progress”, examining key principles and achievements of country platforms for climate action; and “Mobilizing for Climate Action: The Role of Countries, MDBs, and the Private Sector”, highlighting the importance of financing in the transition of energy, industrial, and financial sectors.