Within the framework of holding COP22 in Marrakech, Casablanca Finance City announced today the international high-level event “Climate Finance Day* ” (CFD) which will be held next 4thNovember in Casablanca.
Casablanca Finance City takes over from Paris EUROPLACE, which had organized the last edition of this important event in 2015 as part of the COP21.
In this respect, during press conference held on Monday 16thMay in CFC headquarters, organizers have disclosed the main themes to be discussed at the CFD Casablanca which is expected to bring together international investors, representatives of international organizations and multilateral agencies, members of think tanks as well as associative actors committed to sustainable development.
Among the latter: “The general conditions required for the massification of green financing and the role to be played by the private sector in the climate agenda with special focus on the African continent “. The conference will also propose a focus on the issue of green funding in the fields of energy and sustainable land use in agriculture.
” CFD 2016 will have major international partners such as Paris EUROPLACE, the African Development Bank (ADB), the European Investment Bank (EIB), the IDFC (International Development Finance Club), UNPRI (United Nations Principles for responsible Investment) …
The event, labeled COP22, aims to present at the end of its work pragmatic recommendations to help financing theinternational climate agenda. Casa Finance City leads the ambitious project in line with the Moroccan presidency of the COP22, with the support of partners present in the Scientific Committee, including Paris
1 The International Development Finance Club (IDFC) is a broad and unique coalition of 23 banks of developments including the German KfW, ADB, the French Development Agency, AFD, the Development Bank of Latin America – CAF, the Brazilian development bank BNDES, the Japan international cooperation Agency JICA, the Moroccan CDG, etc. These institutions represent a total balance sheet of more than 2,100 billion and nearly $ 100 billion annual commitment to “green” investments (2015).
2 Principles for Responsible Investment of the United Nations: international network of nearly 1,400 investors having 59 Trillions of dollars under management (latest figures available: April 2015) and working on the implementation in practice of the principles for responsible investment. Signatories, thus contribute to the development of a more sustainable global financial system.
EUROPLACE, the African Development Bank, the European Investment Bank and the think tank I4CE Institute for Climate Economics.
Devoted to the role of private finance with the participation of public banks, the CFD will be followed the next day by a day dedicated to the specific role of development banks, organized by the IDFC club.
Said Ibrahimi, CEO of Casablanca Finance City Authority said on this occasion “Casablanca takes over the “agenda for action “in the field of finance for climate. Our goal is to maintain the “momentum” created during the last two years and especially by the COP 21, by giving it a new impetus towards concrete action and towards the South and Africa in particular. In this way, we take part in the ambitions of Moroccan presidency of the COP22. “
Arnaud de Bresson, Managing Director of Paris EUROPLACE, said: “The commitment of the financial sector as a whole – investors, banks, insurance companies, management companies – and particularly French actors, was very strong at the time of COP21 and of Climate Finance Day 2015. The objective today must be to move from principles decided at the COP21 to achievements and to mobilize all public and private actors at international level. The priority actions include notably the development of Green Bonds and investments in energy transition, continuation of decarbonization movement of asset portfolios, and to expand the focus of the energy transition / adaptation in developing countries particularly in African countries and their funding.
Casablanca Finance City Authority (CFCA), a public-private limited company established in 2010, has been legally empowered to develop and manage the Casablanca Finance City (CFC) status. Casablanca is a regional economic and financial hub, hence a preferred gateway to the African continent, particularly to North, West and Central African countries.
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Paris EUROPLACE is the organization in charge of developing and promoting internationally Paris financial marketplace and, in general, the French financial industry to which it federates all stakeholders: issuers, investors, banking and financial intermediaries, legal and accounting professions, consulting companies, market authorities, it counts more than 400 members.
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