MCC at COP27

Climate change poses the greatest risk to developing countries, whose people, economies, and institutions are less able to adapt or afford its consequences.

MCC works together with our partner countries to deliver large grant packages that build infrastructure, meet critical development needs, and support country-led policy and institutional reforms aimed at driving longer term sustainability.

With more than $4 billion in total anticipated investments between 2021-2025, MCC is well-positioned to make a significant impact in advancing sustainable climate-resilient economic growth around the world.

Learn more about MCC’s expansive climate development work with our partner countries during COP27 in Egypt.

All U.S. Center events will be live-streamed on the U.S Center at COP27 homepage and the U.S. Center YouTube channel. All times listed are local time to Sharm El-Sheikh, Egypt.

Financing a Green Future: Leveraging Public and Private Sectors in Support of Climate Infrastructure and Decarbonization Efforts

MCC Event

Wednesday, November 9
1:30-2:30 PM EET (GMT+2)
Blue Zone, US Pavilion

Well-designed development assistance programs to address poverty are essential to spur economies – but they are not enough in the face of climate change challenges for those on the front lines. The public and private sectors must join forces, mobilize resources, and focus efforts on major climate-related infrastructure and decarbonization projects. Enter green bonds and other green blended finance solutions that MCC is using with our partner countries. Join MCC, the US Department of Treasury, USAID, The Nature Conservancy, and JP Morgan for a discussion on how green finance can contribute to meeting Africa’s $180-380 billion climate investment gap and how both the public and private sectors can push the envelope on green finance.

Advancing Adaptation, Equity, and Finance

MCC Event

Thursday, November 10
11:30 a.m.-12:20 p.m. EET (GMT+2)
Blue Zone, UN SDG Pavilion

This panel discussion facilitated by MCC CEO Alice Albright will showcase high level representation from MCC partner countries Mongolia, Mozambique, and Niger, to showcase how MCC investments in these countries are tackling systemic challenges in adaptation and driving long-term sustainability by supporting the climate and the UN Sustainable Development Goal ambitions of MCC’s partner countries. Our country partner’s approaches are expanding the definition of traditional infrastructure investment to support sustainable resource management, enhance opportunities to leverage climate finance, and development of tools to better integrate climate change considerations into project-level investments.

PREPAREing for Change: A Whole-of-Government Approach to Global Food and Water Security

USAID Event

Thursday, November 10
1:30-2:30 p.m. EET (GMT+2)
Blue Zone, US Pavilion

The US Government has a proven track record of supporting locally-led adaptation and helping countries enhance their resilience to future crises. USAID, USDA, MCC and DFC have been funding and operating food security and water security programs for decades using techniques like early warning systems, food loss and waste reduction, sustainable water resource management, improving trade and market access, and climate-smart agriculture intensification. This discussion will highlight the progress made on food and water security, market access and agriculture, and adaptation successes over the past year with a particular focus on programs that have benefitted Africa, as well as current and future commitments to do more under PREPARE.

Essential Data for Urban Resilience

COP Side Event

Thursday, November 10
5:00-6:15 p.m. EET (GMT+2)
Blue Zone,TCR Pathways to 1.5C Pavilion

In 2050, 80% of the world’s population will live in cities, that will look far different than today. There are a multitude of decisions that need to be made regarding city planning, new and existing infrastructure, and food, health, and energy systems, among others.
How can we plan for the changes needed, and secure needed financing, knowing these are long-term investments? What evidence and information are needed to lead the way to green resilient, vibrant cities of the future? Are there special considerations for conflict/post-conflict environments?

MCC, RTI International and the Cleveland Foundation will discuss how their organizations are approaching urban resilience.

Thursday, November 10
5:25-5:45 p.m. EET (GMT+2)

Devex will host a series of conversations on global development and climate change that will spotlight how low- and middle-income countries are included — or not — in these critical conversations while being the most impacted. MCC CEO Alice Albright will participate in a panel discussion with Raj Kumar, President of Devex.

Deploying Climate-resilient Infrastructure in the Developing World: the Adaptation Challenge

MCC ERM Event

Friday, November 11
7:30-9:00 a.m. EET (GMT+2)
Iberotel Palace

Climate resilient infrastructure is critical for developing economies. Several economic impact models suggest that 30-40% of direct impacts from extreme weather events comes from damage to infrastructure and the cost to rebuild. In addition, 35-85% of business interruption losses from extreme weather flow from disruption to transportation, agricultural systems, sanitation, and electricity supply. Since the developing world will continue to need upgrades to its infrastructure, and in light that many such countries are at higher risk of impacts from climate change, building adaptation into infrastructure design is now necessary to promote continued economic growth. Developing countries, international finance institutions, donors and private sector companies can contribute to a just transition through climate smart infrastructure aligned with true sustainable development.

This panel will discuss some of the work being undertaken by MCC and ERM how they are leveraging climate science, sustainable development and geospatial analysis to build a more resilient future for countries that are likely to face the brunt of climate change.

MCC CEO Alice Albright introduced the MCC-led panel “Financing a Green Future,” which featured Jonathan Richart, MCC Deputy Vice President, Infrastructure, Environment and Private Sector, Alexia Latortue, Assistant Secretary for International Trade and Development, US Treasury (and former MCC Deputy CEO), and participants from USAID, The Nature Conservancy, and JP Morgan.