Press Release

MCC Partners with White House Council on Environmental Quality for Private Sector Climate Change Roundtable

For Immediate Release

November 12, 2009

Washington, DC The U.S. Governments Millennium Challenge Corporation (MCC) today hosted a listening session in partnership with the White House Council on Environmental Quality to solicit views from private sector stakeholders on international climate change adaptation and resilience.

The session is intended to inform the work of an interagency workgroup charged with developing policy recommendations on incorporating climate considerations into U.S. Government development assistance. The session provided an opportunity for the private sector to express its views about critical climate risks and needs, as well as about the types of services and technologies being successfully deployed to address these needs.Additionally, private sector stakeholders provided suggestions on policies and programs that the U.S. Government should consider to enhance participation in public-private partnerships designed to increase developing countries adaptive capacity and protect natural resources that are vital to peoples livelihoods and wellbeing.

Todays roundtable is part of a larger series of listening sessions being organized by the Interagency International Climate Change Adaptation Workgroup. These listening sessions represent the early stages of the consultative process for the workgroup, and there will be continued opportunities for stakeholder feedback. Participants in todays session included representatives from engineering and consulting firms, financial service providers, technology companies, and agribusinesses familiar with the challenges of addressing international climate vulnerability.

MCC recognizes that climate change is an increasingly important part of the international development agenda. Developing countries are in danger of suffering disproportionately from the effects of climate change and are faced with the challenge of preparing for, and responding to, the effects of a shifting climate and natural resource base, including sea-level rise, extreme weather events, increased disease burdens, biodiversity loss, and water scarcity. Climate change is an environmental and a development issue that MCC considers important in assessing and ensuring the effectiveness and sustainability of its programs.