The African Development Bank Group (AfDB), the European Bank for Reconstruction and Development (EBRD), and the French Development Agency (AFD), in partnership with the Egyptian government, have launched the Gender Equality in Climate Action Accelerator.
The Accelerator is aimed at helping private-sector companies improve the gender responsiveness of corporate climate governance.
It is also geared towards assisting governments in promoting gender-sensitive climate policies, thereby accelerating their green transition to meet Paris Agreement targets, the United Nations Framework Convention on Climate Change Gender Action Plan and key Sustainable Development Goals.
The launch took place 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 climate-related gender equality, stating that now is the time to show progress on the ground.
