Wednesday 27/Aug/2025 – 07:55 PM
The doctor emphasized Mahmoud MohiuddinThe Special Envoy of the United Nations Secretary -General for Sustainable Development Financing from the Secretary -General of the United Nations headed by a high -ranking expert team to provide solutions to the global debt crisis, that the world faces increasing challenges in climate financing and development, with the spaciousness of the annual gap to more than four trillion dollars, slowed global economic growth, and the escalation of debt crisis in developing countries.
Supporting innovation and startups, small and medium
This came during the keynote speech on “the agendas of the financial and private sectors with the approach of the year 2030” that he delivered in a session on climate financing within the framework of the Rio de Greero Climate Week, which was organized by the Global Climate Corporation, the United Nations Climate Pioneers team, the Institute of Climate and Society as well as a number of organizations and bodies concerned with the climate and sustainable development file.
He pointed out that the successive environmental crises led to the increase in financing gaps and the deepening of inequality, stressing that restoring confidence requires reform in the global financial structure and directing investments to developing economies where they have many opportunities, but the packed capital is limited.
The Special Envoy of the United Nations Secretary -General for Sustainable Development Finance called for expanding mixed financing tools and reducing risks to attract private investments to emerging markets, while reforming multilateral financing systems to reduce the cost of capital in developing countries, and stressed the importance of preparing clear national climate transmission plans, and the launch and development of carbon markets.
He praised the Brazilian “Permanent Tropical Fund” initiative, where the fund is a mixed financing mechanism with a size of $ 125 billion aimed at mobilizing private capital to protect tropical forests, and granting tropical countries a sustainable source of revenues in exchange for maintaining their forests, in order to enhance biological diversity and rational management of water and climate.
Muhyiddin concluded his speech by emphasizing that achieving the goals of 2030 requires a global financial system in which capital flows quickly and the size of the guarantors to confront climate and development challenges, calling on the public and private sectors to work together with boldness and inclusiveness to convert financing from an obstacle to a engine for change.
Muhyiddin also participated in a session entitled “Launching the capabilities of startups and supporting entrepreneurship in the field of climate” within the Rio de Geriro climate week, with the participation of a number of climate experts.
The Special Envoy of the United Nations Secretary -General for Sustainable Development said that the future of climate work will depend on supporting innovation and startups, small and medium, as it is able to devise low -emissions and more capable of climate challenges.
He added that economic systems in developed countries provide a fertile environment for innovation, while developing economies suffer from financing and structural gaps that limit the ability of these companies to grow and expand.
Muhyiddin pointed out that the small and medium companies, which represent 90%of the total business globally and provide more than 70%of the jobs, are only 10%of climate financing, despite their vital role in promoting societal resilience in the face of disasters, stressing that supporting these companies requires an integrated system based on five main columns: providing adequate financing through innovative mechanisms to reduce risks, and build The capabilities, facilitation of access to the markets, the development of enabling policies that include carbon pricing and tax incentives, and finally enhancing transparency in measuring climate impact.
The Special Envoy of the United Nations Secretary -General to finance sustainable development highlighted the National Initiative for Smart Green Enterprises in Egypt as a leading initiative in the field of climate financing for projects at the local level, and attracted more than twenty thousand projects within three years, including projects for small and medium companies.
