European Bank for Reconstruction and Development (EBRD), African Development Bank Group (AfDB) and French Development Agency (AFD) launch tool to support private businesses and public sector improve gender responsiveness

European Bank for Reconstruction and Development (EBRD), African Development Bank Group (AfDB) and French Development Agency (AFD) launch tool to support private businesses and public sector improve gender responsiveness

The European Bank for Reconstruction and Development (EBRD), the African Development Bank Group (www.AfDB.org) and the French development agency AFD, in partnership with the Egyptian government, have launched the Gender Equality in Climate Action Accelerator (https://bit.ly/3TS57Bh).

The Accelerator will support private sector companies improve the gender responsiveness of their corporate climate governance. It will also help governments to promote gender-sensitive climate sector policies, thereby accelerating their green transition to meet Paris Agreement targets, the UNFCCC’s gender action plan and key Sustainable Development Goals.

The launch ceremony took place on Gender Day, Monday, 14 November, on the sidelines of the 27th annual global climate summit (COP27) in Sharm El-Sheikh, Egypt. It brought together global leaders, heads of development finance institutions and private sector business representatives.

Egypt has called the global community to action on gender equality in climate action, stating that now was the time to show progress on the ground.

In introductory remarks, Egypt’s Minister of International Cooperation, Rania Al-Mashat, stressed “commitment clarity, and credibility” as the important features of this initiative. The Minister said: “COP27 strengthens international effort to move from pledges to implementation and achieve the goals of the Paris agreement. The launch of this accelerator in collaboration between the Government and