{"id":561823,"date":"2021-04-22T03:31:57","date_gmt":"2021-04-22T03:31:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/22\/this-morning-ebrd-boss-in-town-for-second-day-italys-recovery-program-looks-a-lot-like-egypts\/"},"modified":"2021-04-22T03:31:57","modified_gmt":"2021-04-22T03:31:57","slug":"this-morning-ebrd-boss-in-town-for-second-day-italys-recovery-program-looks-a-lot-like-egypts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/22\/this-morning-ebrd-boss-in-town-for-second-day-italys-recovery-program-looks-a-lot-like-egypts\/","title":{"rendered":"THIS MORNING: EBRD boss in town for second day + Italy\u2019s recovery program looks a lot like Egypt\u2019s"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>One last sprint and we run headlong into the weekend. We\u2019re unlikely to know before this afternoon whether we have a three-day weekend this weekend \u2014 or a five-day break next weekend. We\u2019ll have the answer for you in this afternoon\u2019s edition of EnterprisePM.<\/p>\n

It\u2019s a busy news day in the meantime<\/strong>, so strap in and let\u2019s get started.<\/p>\n

WHAT\u2019S HAPPENING TODAY- <\/strong><\/p>\n

It\u2019s the second and final day of European Bank for Reconstruction and Development<\/strong> President Renaud-Basso\u2019s first official visit to Egypt.<\/strong> We have the rundown on her first day in Egypt \u2014 and the bank\u2019s plans to continue supporting our development over the next decade \u2014 in the news well, below.<\/p>\n

IT\u2019S A BIG WEEKEND FOR: Climate, as 40 world leaders gather in the United States <\/strong>for the Biden administration\u2019s Leaders Summit on Climate<\/a>. US President Joe Biden could pledge to \u201chelp less wealthy countries combat climate change\u201d and is expected to announce a new target to cut US greenhouse gas emissions in half by 2030, relative to 2005 levels, the Wall Street Journal<\/a> reports, citing a personal familiar with the matter. The US and China have also signaled their plans to work together to set more ambitious goals to tackle the climate crisis.<\/p>\n

REMINDER: Egypt has been left out of the summit, despite the US Chamber of<\/strong> Commerce <\/strong>encouraging<\/a><\/strong> the Biden administration to invite us<\/strong> to the summit in a bid to bolster Egypt-US ties in the energy, digital economy, health, education, and environmental sectors.<\/p>\n

PICKING UP WHERE WE LEFT OFF YESTERDAY- The EU took another major green <\/strong>policy step by defining what it means for business to be \u201cgreen\u201d<\/strong> in a new set of rules<\/a>(pdf)<\/a> announced yesterday by the European Commission. The regulation is expected to make it easier for investors to channel investments into sustainable activities and help the EU achieve its goal of climate-neutrality by 2050. The new rules come as part of the EU\u2019s wider climate strategy, which saw lawmakers reaching a provisional agreement on the European Climate Law yesterday<\/a>.<\/p>\n

So, what\u2019s a \u201cgreen\u201d business?<\/strong> The new classifications define an activity as climate friendly or green if it reduces or prevents the adverse impact of climate change. Nuclear power and natural gas could be included at a later date<\/strong>, the commission said. The classifications will be discussed with member states and European lawmakers before becoming law. CNBC<\/a> has the story.<\/p>\n

***CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n