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The United Nations Conference on Climate Change is held in Egypt

The United Nations Conference on Climate Change, better known as COP 27, is held in Sharm el Sheikh (Egypt) November 6 -18 under the slogan “Together for implementation” and with focus on a new roadmap on climate finance.

The Multilateral Development Banks (MDBs) have an essential role in mobilising finance at scale to significantly increase climate action. Ahead of this meeting, a joint statement was issued affirming their commitment to expand financial support, reaching record levels in 2021 up to 123 billions dollars.