{"id":73834,"date":"2022-09-07T01:58:28","date_gmt":"2022-09-07T01:58:28","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/09\/07\/today-egypt-icf-and-euromoney-saudi-arabia-kick-off-pakistan-floods-could-hit-you-in-the-supermarket-shelves\/"},"modified":"2022-09-07T01:58:28","modified_gmt":"2022-09-07T01:58:28","slug":"today-egypt-icf-and-euromoney-saudi-arabia-kick-off-pakistan-floods-could-hit-you-in-the-supermarket-shelves","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/09\/07\/today-egypt-icf-and-euromoney-saudi-arabia-kick-off-pakistan-floods-could-hit-you-in-the-supermarket-shelves\/","title":{"rendered":"TODAY: Egypt-ICF and Euromoney Saudi Arabia kick off + Pakistan floods could hit you in the supermarket shelves"},"content":{"rendered":"

Good morning, friends. <\/strong>We hope you\u2019re ready for a very busy day \u2014 as the climate diplomacy is accelerating ahead of COP and industry events are really ramping up, suggesting a we\u2019re all in the early days of a wild ride.<\/p>\n

HAPPENING TODAY- <\/strong><\/p>\n

<\/a> US climate envoy John Kerry <\/strong>(Twitter<\/a>) is arriving in Egypt today<\/strong> for the Egypt-International Cooperation Forum (Egypt-ICF)<\/a>, which runs through Friday at Almasa Convention Center in the new administrative capital. The three-day event will bring together global policymakers, ministers, development partners and other participants ahead of COP27 to discuss climate action and green transition, food security, and others with a focus on Africa. Check the full agenda here (pdf)<\/a>.<\/p>\n

Also attending the meeting is Odile Renaud-Basso, head of <\/strong>the European Bank for Reconstruction and Development (EBRD)<\/strong>, who will meet with Egypt\u2019s President Abdel Fattah El Sisi, Finance Minister Mohamed Maait and International Cooperation Minister Rania Al Mashat, according to an EBRD statement. Look for climate finance to be at the top the agenda for the meetings alongside the practicalities of COP27.<\/p>\n

Sticking with Egypt, we have a <\/strong>symposium on water sustainable solutions<\/a><\/strong>, with day two of the two-day gathering taking place in Alexandria, today. The event is organized by the American University in Cairo (AUC), the United States Agency for International Development (USAID) and Alexandria University\u2019s Water Symposium. The aim is to showcase findings and research output of scientists and engineers in water use efficiency, integrated water resources management, treated water and reuse, and non-conventional water resources and desalination.<\/p>\n

The 2022 <\/strong>Euromoney Saudi Arabia Conference<\/a><\/strong> runs in Riyadh today.<\/strong> Besides discussing Saudi Arabia\u2019s economy in the context of the global macro-outlook, it will also host a workshop on ESG and climate change.<\/p>\n

\n

Climate change is threatening the future of Egypt\u2019s dairy farms \u2014 here\u2019s how. <\/strong>Hotter temperatures in Egypt are lowering dairy output of Egypt\u2019s cows \u2014 likely as a result of dehydration and a decline in their immunity, farmers tell Enterprise. While declines in milk production aren\u2019t unusual during the summer (with expected decreases of 10-20%), evidence suggests production dropped by more than half this summer. Making things worse: rising costs in animal feed.<\/p>\n

^^ You can read the full story in yesterday\u2019s Going Green<\/a><\/strong> \u2014 EnterpriseAM\u2019s weekly dive into the green economy in Egypt.<\/p>\n

PSA #1- You can now get certified in ESG investing from PwC and CFA: <\/strong>PricewaterhouseCoopers\u2019 (PwC) Middle East launched an ESG investing certificate<\/a> that it says is accredited by the Chartered Financial Analyst (CFA) Institute. The course covers environmental and social factors of ESG investment, ESG analysis, valuation and integration, and portfolio analytics. You can find out more here<\/a>.<\/p>\n

PSA #2- <\/strong>Today is the last<\/strong> day to submit proposals for green projects to Egypt\u2019s <\/strong>Initiative<\/a><\/strong>for<\/a><\/strong>Smart Green Projects<\/a><\/strong>.<\/strong> The government program aims to build an investment map for green projects and companies in a bid to channel private investment to them. Companies looking to get on the map can apply here<\/a><\/strong>.<\/p>\n

PSA #3- You have until 23 September to apply for the annual UNFCCC\u2019s <\/strong>capacity building<\/a><\/strong>hub<\/a><\/strong> at COP27.<\/strong> You can apply here<\/a>.<\/p>\n

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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

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\n YOU\u2019RE READING ENTERPRISE CLIMATE, the essential regional publication for senior execs who care about the world\u2019s most important industry. <\/strong>Enterprise Climate covers everything from finance and tech to regulation, products and policy across the Middle East and North Africa. In a nod to the growing geographical ambitions of companies in our corner of the world, we also include an overview of the big trends and data points in nearby countries, including Africa and southern Europe.<\/p>\n

Enterprise Climate is published at 4am CLT \/ 5am Riyadh \/ 6am UAE Monday through Thursday by Enterprise<\/strong>, the folks who bring you Enterprise Egypt, your essential 6am and 3pm read on business, finance, policy and economy in Egypt and emerging markets.<\/p>\n

Subscribe to Enterprise Climate here<\/a><\/strong> or reach out to us on climate@enterprisemea.com<\/a> with comments, suggestions and story tips.
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THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><\/p>\n

<\/a> Catastrophic floods in <\/strong>Pakistan continue to dominate global climate news<\/strong>, with outlets around the world covering the ongoing efforts to stem rising waters in the Indus River basin and counting the costs of the flooding. The UN has warned of further damage to flooding that has seen at least 1,343 people dead and around 33 mn impacted. Not to mention the over USD 10 bn in damage and the destruction of world heritage sites. Reuters<\/a> | AP<\/a> | Bloomberg<\/a>.<\/p>\n

The flooding is going to reshape the global agriculture market \u2014 and <\/strong>possibly make everything from wheat to cotton and rice more expensive<\/strong>, according to this widely shared thread<\/a> from Nathan Carson, VP of operations at US fertilizer blender Chemical Dynamics. The floods are disproportionately hitting Pakistan\u2019s main agricultural hubs. The country produces 5% of global cotton, 2.5% of the world\u2019s wheat and 9% of rice exports. Flooding has hit during planting and harvest season.<\/p>\n

So you can more upward pressure on global food prices,<\/strong> exacerbating the spike of resulting from the ongoing Russia-Ukraine war. That cooling off of prices we\u2019ve seen recently? Don\u2019t expect it to last.<\/p>\n

\n

WORTH READING- Europe\u2019s dependency on fossil fuels could get heavier: <\/strong>European governments are expected to spend at least EUR 50 bn this winter on developing new and expanding old fossil fuel infrastructure and supplies as a result of the Russia-Ukraine wat, Alice Hancock writes for the FT<\/a>, citing data from energy think tank Ember Climate.<\/p>\n

CIRCLE YOUR CALENDAR- <\/strong><\/p>\n

The UN Economic and Social Commission for Western Asia<\/strong> is hosting its Towards COP27:<\/a><\/strong>Arab regional forum on climate finance<\/a><\/strong> on 15 September<\/strong> in Beirut<\/strong>. The forum will explore the climate finance needs of Arab countries to ensure water, energy and food security, while showcasing projects that can accelerate climate action<\/p>\n

The Wetex and Dubai solar show<\/a><\/strong> will run 27-29 September<\/strong> at the Dubai World Trade <\/strong>Center<\/strong>.<\/p>\n

Dubai will host <\/strong>World Green Economy Summit<\/a><\/strong> on 28-29 September.<\/strong> The summit wants to provide a platform to build consensus around the potential of technologies, policies and youth that could drive the green economy transformation.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends. We hope you\u2019re ready for a very busy day \u2014 as the climate diplomacy is accelerating ahead of COP and industry events are really ramping up, suggesting a we\u2019re all in the early days of a wild ride. 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