3rd UfM Energy and Climate Business Forum – Union for the Mediterranean – UfM
Jun 08 2023
The Mediterranean countries face today common challenges that require a high level of multilateral responses and collective actions. A reinforced cooperation in the energy and climate action fields is needed and represents an opportunity for both shores of the Mediterranean to achieve integration, social and economic development in the region. The Union for the Mediterranean (UfM) acts as a unique platform to facilitate and promote regional dialogue and cooperation, as well as concrete projects and initiatives in order to address the energy and climate change challenges in the region, while advancing towards more secure and sustainable energy models.
The Third UfM Energy and Climate Business Forum is a milestone in the promotion of the private sector role towards local authorities’ efforts in the energy transition as well as in their climate change adaptation and mitigation strategies. The 1st Business Forum was held in Cairo in 2017 and the 2nd Business Forum on Lisbon in 2019.
The objective of the Third UfM Energy and Climate Business Forum is two-fold:
– to support and showcase local authorities’ efforts towards a sustainable energy transition, by providing a networking space and promoting innovative and tangible financing solutions as well as private investment and public-private partnerships in the Euro-Mediterranean region.
– to offer a high-level platform for solution developers from public and private sectors and academia dealing with local authorities’ challenges in energy efficiency, renewable energy and climate change.
This year the Business Forum will take place at the margins of MedCoP 2023. The MedCoP was initiated in Marseille by the French Presidency in preparation for the COP21 (Paris). It was consolidated in the subsequent year by the Moroccan Presidency of the COP22 (Marrakesh) and took place in Tangier (2016), led by the Tangier Tetouan Al Hoceima Region. The relaunch of the MedCoP process is a major lever for structuring the cooperation framework between the countries of the two shores and an occasion to facilitate a regional stock take exercise ahead of COP28 in Dubai.