UK announces £50 mln funding for climate, environment in Mideast, North Africa

Home World UK announces £50 mln funding for climate, environment in Mideast, North Africa UK announces £50 mln funding for climate, environment in Mideast, North Africa 03-11-2021 12:50 PM Ammon News - The United Kingdom announced £50 million funding to support energy transition and green infrastructure and growth in North Africa and the Middle East, including Jordan, according to a statement by the British Embassy in Amman on Wednesday. Minister for the Middle East and North Africa James Cleverly today announced £50m UK funding for the High Impact Partnership on Climate Action (HIPCA), the statement said, adding that the European Bank for Reconstruction and Development (EBRD) launched HIPCA on 2 November at an event during COP26 in Glasgow. "The EBRD-managed Partnership aims to unleash investments and solutions that reduce or prevent greenhouse gas emissions, strengthen resilience and reduce vulnerability to climate change, and protect the environment," it indicated. The UK’s funding will be used to mobilize private sector funds to support work across North Africa and the Middle East, including in Morocco, Algeria, Egypt, Tunisia, Jordan and Lebanon, the statement also pointed out, noting that this funding will be used to support energy transition and green infrastructure and growth in the region.

Home World

UK announces £50 mln funding for climate, environment in Mideast, North Africa

03-11-2021 12:50 PM

Ammon News - The United Kingdom announced £50 million funding to support energy transition and green infrastructure and growth in North Africa and the Middle East, including Jordan, according to a statement by the British Embassy in Amman on Wednesday.

Minister for the Middle East and North Africa James Cleverly today announced £50m UK funding for the High Impact Partnership on Climate Action (HIPCA), the statement said, adding that the European Bank for Reconstruction and Development (EBRD) launched HIPCA on 2 November at an event during COP26 in Glasgow.

"The EBRD-managed Partnership aims to unleash investments and solutions that reduce or prevent greenhouse gas emissions, strengthen resilience and reduce vulnerability to climate change, and protect the environment," it indicated.

The UK’s funding will be used to mobilize private sector funds to support work across North Africa and the Middle East, including in Morocco, Algeria, Egypt, Tunisia, Jordan and Lebanon, the statement also pointed out, noting that this funding will be used to support energy transition and green infrastructure and growth in the region.

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