{"id":74770,"date":"2022-11-14T02:11:32","date_gmt":"2022-11-14T02:11:32","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/"},"modified":"2022-11-14T02:11:32","modified_gmt":"2022-11-14T02:11:32","slug":"today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/","title":{"rendered":"TODAY: Enterprise Climate X Forum is happening at GEM + KSA\u2019s climate pledges take center stage at COP27 day 8 + Brazil wants to host a COP, too"},"content":{"rendered":"<p><strong>Good morning, ladies and gentlemen, welcome to week two of COP27. <\/strong>It\u2019s day eight of the summit, and we have a roundup of all the news you may have missed over the weekend (or on your very well-earned \u2018day off\u2019 yesterday).<\/p>\n<p><strong>THE BIG CLIMATE STORY: <\/strong>Saudi Arabia came in hot with a slew of pledges at its Saudi Green Initiative Forum at COP27 over the weekend in a bid to position itself as more than just the world\u2019s top oil exporter. The kingdom has some 13 renewable energy projects in the pipeline worth a combined USD 9 bn.<\/p>\n<p><strong>Soundbit of the morning:<\/strong> \u201cThe world is hoping to crucify us. We want people to match us, and we want to make sure people put their money where their mouths are,\u201d Saudi Energy Minister Prince Abdulaziz bin Salman told <a href=\"https:\/\/www.reuters.com\/business\/cop\/world-hoped-crucify-us-top-liquids-exporters-saudi-energy-minister-says-2022-11-11\/\">Reuters<\/a>.<\/p>\n<p><strong>^^ We have the full rundown<\/strong> of what went down on Day 5 through to Day 7 \u2014 and what to look out for over the next few days \u2014 in the news well, below.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** MEANWHILE- WE HAVE A BIG ANNOUNCEMENT of our own to make:<\/strong><\/p>\n<p class='web-image' ><a href='https:\/\/climatexforum.enterprise.press\/'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Venue-reveal-1600-Eng.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>Our Enterprise Climate X Forum is happening at the brand new Grand Egyptian Museum: <\/strong>We are delighted to finally reveal that the Enterprise Climate X Forum is taking place at the Grand Egyptian Museum on Tuesday, 6 December 2022..<\/p>\n<p><strong>What\u2019s the Enterprise Climate X Forum? <\/strong>It\u2019s our first industry-specific conference, where CEOs, top execs, investors, bankers and development finance folks have the chance to talk about how to build a climate-centered business \u2014 and how to make sure your business continues to have access to the funds it needs to grow.<\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you? <\/strong>If you\u2019re a C-suite exec, business owner, climate professional, DFI staff, investor or banker, please email us at <a href=\"mailto:climatexrsvp@enterprisemea.com\">climatexrsvp@enterprisemea.com<\/a> to signal your interest, letting us know your name, title and where you work.<\/p>\n<p>Who\u2019s on board? The Enterprise Climate X Forum is taking place with the generous support of our friends, including:<\/p>\n<ul>\n<li>Banking partners: <strong>HSBC<\/strong> | <strong>Mashreq<\/strong> | <strong>Attijariwafa Bank<\/strong><\/li>\n<li>Telecom partner: <strong>Etisalat by e&<\/strong><\/li>\n<li>Event partners: <strong>Hassan Allam Utilities<\/strong> | <strong>Infinity<\/strong><\/li>\n<\/ul>\n<p><strong>HAPPENING TODAY-<\/strong><\/p>\n<p><strong>It\u2019s <\/strong><strong><a href=\"https:\/\/cop27.eg\/#\/presidency\/eventsThematicDetails\/water-day\">Water Day<\/a><\/strong><strong> at COP 27<\/strong>, with sessions on sustainable water resource management, water scarcity, drought, cross boundary cooperation, and the improvement of early warning systems. We\u2019re expecting the official launch of the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/db607b02-9fe9-4aa1-8cba-baa10e98c0ad\">Aware (Action for water adaptation and resilience) initiative<\/a>, in partnership with the World Meteorological Organization.<\/p>\n<p><strong>The next big things to look out for:<\/strong> Energy Day on Wednesday and Solutions Day on Friday.<\/p>\n<p><strong>REMEMBER- <\/strong>The key issues at play (loss and damage, emission reduction targets etc.) are being negotiated by government delegations over the next week <strong>so we\u2019ll likely have to wait until 18 November for a final agreement to come out of COP27.<\/strong><\/p>\n<p><strong>Also at COP27: Egypt\u2019s first smart, sustainable city: <\/strong>Egypt\u2019s Housing Ministry showcased <a href=\"https:\/\/www.palmhillsdevelopments.com\/\">Palm Hills Developments<\/a>\u2019 real estate project <a href=\"https:\/\/www.discoverbadya.com\/\">Badya<\/a> at its COP27 pavilion, as the country\u2019s first smart, sustainable city, according to a ministry <a href=\"https:\/\/www.facebook.com\/PalmHillsDevelopments\/posts\/pfbid02Ui5GnZgVZouvtrXxiLPjF31qsPmS6iYvV7T7sywywnPKFyiXF1tacmV6ZURa27dEl\">statement<\/a>.<\/p>\n<p><strong>Detailed schedule:<\/strong> <a href=\"https:\/\/cop27.eg\/assets\/files\/COP27-PRESIDENCY-VISION-THEMATIC-DAYS-FULL-PROGRAM-New.pdf\">Download as a pdf here<\/a> or check out <a href=\"https:\/\/bit.ly\/3Nm4VbG\">the website here<\/a>.<\/p>\n<p><strong>COP27 app for attendees:<\/strong> <a href=\"https:\/\/apps.apple.com\/gb\/app\/cop27\/id1632885226\">App Store<\/a> and the <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.mcit.cop27\">Google Play Store<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>WATCH THIS SPACE #1-<\/strong> <strong>Brazil is angling to host an upcoming COP<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/cop\/brazils-lula-cop27-will-offer-host-future-climate-summit-sources-2022-11-10\/\">Reuters<\/a> reports citing unnamed sources. Brazilian President-elect Luiz Inacia Lula da Silva will reportedly announce an overhaul of Brazil\u2019s environmental policies \u2014 including a new national climate authority overseeing all climate action work by ministries and agencies \u2014 at COP27 this week. Lula, who will take office in January, made climate a cornerstone of his campaign in the runup to his <a href=\"https:\/\/www.bbc.com\/news\/world-latin-america-63451470\">reelection last month<\/a>.<\/p>\n<p><strong>WATCH THIS SPACE #2- The World Bank Group plans to expand <\/strong><strong>electrification across Sub-Saharan Africa: <\/strong>The World Bank, the IFC, and the <a href=\"https:\/\/www.miga.org\/\">Multilateral Investment Guarantee Agency<\/a> launched an initiative to upscale distributed renewable energy projects in sub-Saharan Africa (SSA) by promoting public and private investment across the region, according to a <a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2022\/11\/09\/world-bank-group-announces-major-initiative-to-electrify-sub-saharan-africa-with-distributed-renewable-energy\">statement<\/a>. The initiative, the Distributed Access through Renewable Energy Scale-Up Platform, will use off-grid solar stations and mini-grids (among other infrastructure) to expand access to electricity.<\/p>\n<p><strong>SOUND SMART- Some 500 mn people across SSA will remain without electricity by 2030<\/strong> if current renewables project levels are not expanded threefold, the group warns, reducing the region\u2019s access to inclusive development.<\/p>\n<hr class=\"grey-line\">\n<p>***<br \/>\n <strong>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<p><strong>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<p><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">Subscribe to Enterprise Climate here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<\/p>\n<p>***<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong> THE DANGER ZONE- 45 mn people in 37 countries are at risk of<\/strong> <strong>famine due to war <\/strong><strong>and climate<\/strong>, according to a <a href=\"https:\/\/www.fao.org\/3\/cc2134en\/cc2134en.pdf\">joint report (pdf)<\/a> by the <a href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwjU4M7BwZ77AhUljGgJHRA0BYgYABAAGgJ3Zg&sig=AOD64_1O10REF2rRX6W_BVM6xiX7Z7eNpA&q&adurl&ved=2ahUKEwigwMXBwZ77AhXnSPEDHYEPBKwQ0Qx6BAgJEAE\">Food and Agriculture Organization<\/a> (FAO) and the <a href=\"https:\/\/www.wfp.org\/\">World Food Programme<\/a> (WFP). Up to 205 mn people face acute food insecurity and need urgent assistance, driven mainly by the effects of conflict, climate conditions and weather shocks, economic shocks, and outbreaks of animal and plant pests. Ukraine\u2019s prolonged conflict is also making food shortages worse, the report adds.<\/p>\n<p><strong>The Middle East and East Africa are especially at risk: <\/strong>The report identifies 17 countries and two regional clusters where food insecurity will worsen between now and January, largely due to climate change effects and increasing conflict, with 970k people expected to face catastrophic conditions this year if no action is taken. With the exception of Afghanistan and Pakistan, all of the hotspots identified in the report are in the Middle East and Africa. More than 50% of the population in South Sudan, Yemen, and Syria are in a crisis phase or worse.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.hawkamah.org\/event\/5233\">Hawkamah annual conference<\/a><\/strong><strong> will kick off tomorrow in Dubai.<\/strong> The conference will address governance from the perspective of investors including expectations and interaction with boards as well as the role of regulators and companies in preparing for IPOs to attract the right investors.<\/p>\n<p><strong>Saudi Arabia\u2019s Education Ministry will host the <\/strong><strong><a href=\"https:\/\/www.facebook.com\/moegov.sa\/posts\/pfbid0HSxtqnTELrfrK4xaL84pnTsP9w4mjPCiPdAH2LA81efe7UXPbvjX64zynsc4zBnUl\">Global Conference on Sustainable<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/moegov.sa\/posts\/pfbid0HSxtqnTELrfrK4xaL84pnTsP9w4mjPCiPdAH2LA81efe7UXPbvjX64zynsc4zBnUl\">Partnerships<\/a><\/strong> on Wednesday, 23 November to Thursday, 24 November in <strong>Riyadh<\/strong>, bringing together ministers and senior officials from the private and public sectors.<\/p>\n<p><strong>UAE will host<\/strong> <strong><a href=\"https:\/\/www.thebig5.ae\/global-construction-impact-summit\/\">The Big 5 Global Construction Impact Summit<\/a><\/strong> on Wednesday, 7 December at the Dubai World Trade Centre, bringing more than 2k exhibitors from 60 countries, as well as regional and global construction industry leaders together to discuss ways to meet local and global net zero and waste reduction targets.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">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":"<p>Good morning, ladies and gentlemen, welcome to week two of COP27. It\u2019s day eight of the summit, and we have a roundup of all the news you may have missed over the weekend (or on your very well-earned \u2018day off\u2019 yesterday). THE BIG CLIMATE STORY: Saudi Arabia came in hot with a slew of pledges [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44],"tags":[98,659,40,11,1255,64,164,625,159,223,876,43],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74770","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-carbon-markets","tag-cop27","tag-egypt","tag-enterpriseclimate","tag-esg-investments","tag-evs","tag-green-finance","tag-joe-biden","tag-saudi-arabia","tag-sustainability","tag-united-arab-emirates","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"a56d089a-2300-41ab-8bb3-ad3b4bddea06","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[74768],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TODAY: Enterprise Climate X Forum is happening at GEM + KSA\u2019s climate pledges take center stage at COP27 day 8 + Brazil wants to host a COP, too - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Enterprise Climate X Forum is happening at GEM + KSA\u2019s climate pledges take center stage at COP27 day 8 + Brazil wants to host a COP, too\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gentlemen, welcome to week two of COP27. It\u2019s day eight of the summit, and we have a roundup of all the news you may have missed over the weekend (or on your very well-earned \u2018day off\u2019 yesterday). THE BIG CLIMATE STORY: Saudi Arabia came in hot with a slew of pledges [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-14T02:11:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2022\/11\/Venue-reveal-1600-Eng.jpg\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TODAY: Enterprise Climate X Forum is happening at GEM + KSA\u2019s climate pledges take center stage at COP27 day 8 + Brazil wants to host a COP, too\",\"datePublished\":\"2022-11-14T02:11:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/\"},\"wordCount\":1221,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2022\/11\/Venue-reveal-1600-Eng.jpg\",\"keywords\":[\"carbon markets\",\"COP27\",\"Egypt\",\"EnterpriseClimate\",\"ESG investments\",\"EVs\",\"green finance\",\"Joe Biden\",\"Saudi Arabia\",\"sustainability\",\"United Arab Emirates\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/\",\"name\":\"TODAY: Enterprise Climate X Forum is happening at GEM + KSA\u2019s climate pledges take center stage at COP27 day 8 + Brazil wants to host a COP, too - 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It\u2019s day eight of the summit, and we have a roundup of all the news you may have missed over the weekend (or on your very well-earned \u2018day off\u2019 yesterday). THE BIG CLIMATE STORY: Saudi Arabia came in hot with a slew of pledges [&hellip;]","og_url":"https:\/\/enterpriseam.com\/climate\/2022\/11\/14\/today-enterprise-climate-x-forum-is-happening-at-gem-ksas-climate-pledges-take-center-stage-at-cop27-day-8-brazil-wants-to-host-a-cop-too\/","og_site_name":"Climate","article_published_time":"2022-11-14T02:11:32+00:00","og_image":[{"url":"https:\/\/ent.news\/2022\/11\/Venue-reveal-1600-Eng.jpg","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 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