‘Toothless’ sanctions
Why the world’s largest waste management company made a $3 billion bet on the US.
Current Access Level “I” – ID Only: CUID holders, alumni, and approved guests only
Past Event
November 8, 2022
1:00 pm - 2:00 pm
Please note: To attend in person in Sharm el-Sheikh, Egypt, attendees are required to register to attend the event and register to enter the Climate Action Innovation Zone.
Nearly 600 million people across Africa lack access to energy. At the same time, developed nations are falling short on their promise to deliver US$100 billion a year in climate finance to less wealthy countries. According to the International Finance Corporation (IFC), the financing gap for climate in developing economies amounts to $23 trillion between now and 2030—or roughly $1.5 trillion per year. To make matters worse, countries around the world are facing the greatest energy crises since the 1970s, forcing many European energy companies to scramble and find new sources like Africa for energy supply.
Please join Columbia University’s Center on Global Energy Policy, along with the United States International Development Finance Corporation (DFC) and the Mo Ibrahim Foundation, for a special event to explore concrete actions that can be taken to mobilize private capital for energy opportunities in Africa and other emerging markets while pushing forward with aggressive climate action.
The discussants will explore a range of ideas and issues including: tools for de-risking emerging markets investments; novel approaches to blended finance to unlock and mobilize capital; and how the decision makers can ensure equitable solutions in finance.
Moderator:
Speakers:
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This event will be hosted in person in Sharm el-Sheikh, Egypt. All in-person attendees are required to register to attend the event and register to enter the Climate Action Innovation Zone. Please note: these are two separate registration pages and all attendees will need to register via both forms to access the event. We encourage you to explore the other event offerings taking place in the Climate Action Innovation Zone during COP27.
Advance registration for in-person attendance is required. Upon registration, you will receive a confirmation email.
The event will be live streamed on the CGEP website. Registration is not required to view the live stream. The video recording will be added to our website following the event.
This event is open to press, and registration is required to attend. For media inquiries or requests for interviews, please contact Natalie Volk ([email protected]).
For more information about the event, please contact [email protected].
Register to attend the event in person in Sharm el-Sheikh, Egypt
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Last month, the Trump administration imposed fresh sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, signaling a renewed desire to drive Moscow to the negotiating table in its war against Ukraine. But although these measures have the potential to harm the Russian economy, just how much damage they inflict will depend largely on one actor: Beijing. China bought almost half the oil Russia exported in 2024, evading Washington’s existing restrictions in the process. And new sanctions alone will do little to push China into significantly reducing its purchases.
Connecticut needs an honest debate, and fresh thinking, to shape a climate strategy fit for today, not 2022.