{"id":579556,"date":"2022-11-07T13:24:09","date_gmt":"2022-11-07T13:24:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/this-evening-guterres-warns-of-highway-to-climate-hell-on-day-two-of-cop27-come-talk-to-us-about-building-a-climate-centered-business-at-the-enterprise-climate-x-forum\/"},"modified":"2022-11-07T13:24:09","modified_gmt":"2022-11-07T13:24:09","slug":"this-evening-guterres-warns-of-highway-to-climate-hell-on-day-two-of-cop27-come-talk-to-us-about-building-a-climate-centered-business-at-the-enterprise-climate-x-forum","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/this-evening-guterres-warns-of-highway-to-climate-hell-on-day-two-of-cop27-come-talk-to-us-about-building-a-climate-centered-business-at-the-enterprise-climate-x-forum\/","title":{"rendered":"THIS EVENING: Guterres warns of \u201chighway to climate hell\u201d on day two of COP27 + Come talk to us about building a climate-centered business at the Enterprise Climate X Forum"},"content":{"rendered":"<p><strong>Happy Monday, wonderful people. <\/strong>It\u2019s a busy, busy day here in Omm El Donia as the leaders\u2019 summit gets underway at COP27 in Sharm El Sheikh, while the global business press still has one eye on the US midterm elections. But before we get started\u2026<\/p>\n<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>We\u2019re delighted to let you all know that the Enterprise Climate X Forum, our first <\/strong><strong>industry-specific conference, is taking place on Tuesday, 6 December. <\/strong>It\u2019s a C-suite event for CEOs and top execs, investors, bankers, and development finance folks.<\/p>\n<p><strong>You\u2019re going to love the venue when we unveil it next week. <\/strong><\/p>\n<p><strong>DO YOU WANT TO ATTEND? The first wave of invites is going out today. <\/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><strong>The Enterprise Climate X Forum takes place a bit after COP27 for two simple reasons: <\/strong><\/p>\n<ul>\n<li>To give us all time to catch our collective breaih before we ask: <strong>Now what? <\/strong><\/li>\n<li>And to serve as a bridge to COP28, <strong>keeping the industry in the spotlight<\/strong> for the 11 months before the world heads to the UAE.<\/li>\n<\/ul>\n<p><strong>Make no mistake: Climate will be the world\u2019s largest and most important industry for <\/strong><strong>decades to come<\/strong> \u2014 and is the defining challenge of our generation. It cuts across every sector, from banking and finance to infrastructure, urban planning, real estate, FMCG and beyond. <strong>Enterprise Climate and the Enterprise Climate X Forum are the regional hub for news, views, discussion and debate about how we build this industry.<\/strong><\/p>\n<p>In panels, live interviews and networking sessions, <strong>the Enterprise Climate X Forum will give <\/strong><strong>insiders and newcomers alike the chance to talk about how to build a climate-centered business <\/strong>\u2014 and how to make sure your business continues to have access to the funds it needs to grow. Expect it to be <strong>heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/strong><\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you? <\/strong>The Enterprise Climate X Forum is taking place with the generous support of our friends, including:<\/p>\n<ul>\n<li><strong>Banking partners: <\/strong>HSBC | Mashreq | Attijariwafa Bank<\/li>\n<li><strong>Telecom partner:<\/strong> Etisalat by e&<\/li>\n<li><strong>Event partners:<\/strong> Hassan Allam Utilities | Infinity<\/li>\n<\/ul>\n<p><strong>Want to reach our audience? <\/strong>Ping a note to Moustafa Taalab, our head of commercial, <a href=\"mailto:mtaalab@inktankir.com\">here<\/a>.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>THE BIG STORY TODAY- <\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Day two of COP27 in Sharm El Sheikh is still going strong <\/strong>as we dispatch this afternoon\u2019s edition of EnterprisePM. Heads of states are currently delivering their national statements, with UAE President Sheikh Mohammed bin Zayed Al Nahyan starting things off. We\u2019ve also heard some stark warnings and a reiteration of our shared climate goals moving forward from UN Secretary General Antonio Guterres \u2014 who said we are on a \u201chighway to climate hell\u201d \u2014 while former US Vice President and climate activist Al Gore reminded us that Africa has the natural resources to unlock massive global potential for renewables. Barbados\u2019 Prime Minister Mia Amor Mottley, among other global leaders, also stressed on the issue of climate financing, including loss and damage.<\/p>\n<p><strong>This portion of the day is set to wrap up at 6:30pm.<\/strong> There are also a handful of open and closed meetings happening in parallel.<\/p>\n<p><strong>^^We\u2019ll have the full rundown<\/strong> of the day in tomorrow morning\u2019s editions of <strong>Enterprise<\/strong><strong> Climate <\/strong>and <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Picking up where we left off this morning, the climate summit is still getting pushed down<\/strong><strong> the front pages<\/strong> of the international business press. Among the stories getting front-page play this afternoon: Eleventh-hour campaigning in the US midterms (<a href=\"https:\/\/www.wsj.com\/articles\/candidates-make-last-pitches-in-final-hours-of-midterms-campaigning-11667817002?mod=hp_lead_pos5\">Wall Street Journal<\/a>) as Republicans appear to be in good shape to take back control of the House of Representatives (<a href=\"https:\/\/www.ft.com\/content\/0a5a40ae-ab95-4c95-8523-712d61061639\">Financial Times<\/a>), while Russia is hammering Ukraine with \u201crelentless\u201d drone attacks (<a href=\"https:\/\/www.cnbc.com\/2022\/11\/07\/ukraine-needs-more-air-defense-weapons-to-fight-russian-drone-strikes-.html\">CNBC<\/a>).<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Nations will discuss loss and damage financing for the first time at COP27:<\/strong> A \u201cbreakthrough\u201d agreement allowing diplomats to officially debate for the first time who should pay for damage sustained by the countries most vulnerable to climate change <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9f457215-5220-419a-9c98-790523c4b303\">was announced<\/a> on the first day of COP27 yesterday.<\/li>\n<li><strong>IFC money for 500 MW wind project?<\/strong> The International Finance Corporation (IFC) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75c61041-1d5c-4844-8040-9ace5f358057\">could provide<\/a> USD 83 mn to an Emirati-Japanese consortium to part-fund their planned 500 MW wind farm in Ras Ghareb.<\/li>\n<li><strong>EGX teams up with Agricultural Bank, Enara Group to form carbon credit company:<\/strong> An Egyptian Exchange (EGX) subsidiary has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b570f5c3-cd03-4c17-a92e-ca6c18e21f0d\">signed an agreement<\/a> with the Agricultural Bank of Egypt and Enara Group\u2019s Libra Capital to establish Libra Carbon, the first Egyptian company to develop, manage and issue carbon certificates.<\/li>\n<\/ul>\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=\"egypt\/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><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/alex.technesummit.com\/2022\">Techne Summit<\/a><\/strong><strong> continues at the Bibliotheca Alexandrina<\/strong>, bringing together entrepreneurs and investors from various sectors in the Mediterranean region. The global multi-industry gathering runs until tomorrow as a hybrid event.<\/p>\n<p><strong>New int\u2019l wheat tender:<\/strong> Grain suppliers have until today to respond to <a href=\"http:\/\/bit.ly\/3T91rLb\">an international wheat<\/a><a href=\"http:\/\/bit.ly\/3T91rLb\">tender<\/a> from GASC. It\u2019s unclear how many tons the state grains buyer is seeking. Shipping is set for 15-30 December and\/or 1-15 January.<\/p>\n<p><strong>Global golf is coming to Egypt:<\/strong> The Asian Tour\u2019s International Series is making a stop in Egypt this Thursday, 10 November through next Sunday, 13 November. The first International Series Egypt will take place at Madinaty Golf Club, with a generous purse of USD 1.5 mn on offer.<\/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>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong> The mercury is set to reach 25\u00b0C during the day tomorrow in the capital city before dipping to 16\u00b0C at night, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy Monday, wonderful people. It\u2019s a busy, busy day here in Omm El Donia as the leaders\u2019 summit gets underway at COP27 in Sharm El Sheikh, while the global business press still has one eye on the US midterm elections. But before we get started\u2026 We\u2019re delighted to let you all know that the Enterprise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7213],"tags":[147,228,633,1095,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579556","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-climate-change","tag-cop27","tag-enterprisepm","tag-russia-ukraine-war","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"1d047093-1e67-4148-a300-1f44a1a2dc48","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[579554],"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>THIS EVENING: Guterres warns of \u201chighway to climate hell\u201d on day two of COP27 + Come talk to us about building a climate-centered business at the Enterprise Climate X Forum - EnterpriseAM Egypt<\/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\/egypt\/2022\/11\/07\/this-evening-guterres-warns-of-highway-to-climate-hell-on-day-two-of-cop27-come-talk-to-us-about-building-a-climate-centered-business-at-the-enterprise-climate-x-forum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Guterres warns of \u201chighway to climate hell\u201d on day two of COP27 + Come talk to us about building a climate-centered business at the Enterprise Climate X Forum\" \/>\n<meta property=\"og:description\" content=\"Happy Monday, wonderful people. 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It\u2019s hump day, and with COP27 well in the swing of things, it is most definitely a news dump day. THE BIG STORY TODAY There\u2019s a whole lot of renewable and green energy news coming out of COP27: Another 10 GW wind farm: The UAE\u2019s Masdar,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603549,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/15\/this-evening-a-torrential-downpour-of-earnings\/","url_meta":{"origin":579556,"position":1},"title":"THIS EVENING: A torrential downpour of earnings","author":"enterpriseam admin","date":"15 August 2023","format":false,"excerpt":"Good afternoon, ladies and gentlemen. We\u2019re getting over the midweek hump as earnings season here in Omm El Donia is going strong. THE BIG STORY TODAY There\u2019s a downpour of earnings today as the 2Q season draws to a close. Among the companies out with earnings: Edita, Rameda Pharma, E-Finance,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/moneymoneymoney-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579783,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/20\/cop-makes-strides-on-loss-and-damage-but-disappoints-developed-nations-on-mitigation\/","url_meta":{"origin":579556,"position":2},"title":"COP makes strides on loss and damage \u2014 but disappoints developed nations on mitigation","author":"enterpriseam admin","date":"20 November 2022","format":false,"excerpt":"Good afternoon, wonderful people. We are delighted to say this afternoon that COP27 is officially over, after delegates stayed up through the night and into the morning to finalize an agreement. The pact has good news for EMs on loss and damage but is getting mixed coverage in the international\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577017,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/this-morning-the-cop27-leaders-summit-starts-today-meta-is-preparing-a-job-cull-of-epic-proportions\/","url_meta":{"origin":579556,"position":3},"title":"THIS MORNING: The COP27 leaders\u2019 summit starts today + Meta is preparing a job cull of epic proportions","author":"enterpriseam admin","date":"7 November 2022","format":false,"excerpt":"Good morning, friends, and welcome to day two of COP27 in Sharm El Sheikh. The UN climate change summit is not the big story globally this morning \u2014 it\u2019s largely been edged off the front pages by the US midterm elections (voters head to the polls tomorrow), the prospect of\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554860,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/tonight-egx-trading-fees-are-getting-slashed-by-20-cabinet-members-are-talking-up-egypts-cop27-agenda-plus-charles-and-camilla-land-tomorrow\/","url_meta":{"origin":579556,"position":4},"title":"TONIGHT: EGX trading fees are getting slashed by 20% + Cabinet members are talking up Egypt\u2019s COP27 agenda. Plus: Charles and Camilla land tomorrow","author":"enterpriseam admin","date":"17 November 2021","format":false,"excerpt":"An uncharacteristically slow November news day, ladies and gentlemen, with both the local and foreign press appearing to take a chill pill. That said, the meeting of our financial regulators is casting a long shadow, especially in light of the FRA\u2019s statement today.THE BIG STORY TODAY- EGX trading fees are\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579682,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/this-evening-cabinet-issues-rules-and-regs-for-expat-car-import-scheme-climate-x-is-happening-at-the-gem\/","url_meta":{"origin":579556,"position":5},"title":"THIS EVENING: Cabinet issues rules and regs for expat car import scheme + Climate X is happening at the GEM","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"Good afternoon, wonderful people. We have a relatively calm day on the local news front, after COP27 took a mandatory day off yesterday.THE BIG STORY TODAY Cabinet is out with the rules and regulations for the expat car import scheme: The cabinet has published a detailed list of the rules,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=579556"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579556\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/579554"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579556"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579556"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}