Minister for the Middle East and North Africa James Cleverly today announced £50m UK funding for the High Impact Partnership on Climate Action (HIPCA). The EBRD-managed Partnership aims to unleash investments and solutions that reduce or prevent greenhouse gas emissions, strengthen resilience and reduce vulnerability to climate change, and protect the environment. The UK’s funding will be used to mobilise private sector funds to support work across North Africa and the Middle East, including in Morocco, Algeria, Egypt, Tunisia, Jordan and Lebanon. This funding will be used to support energy transition and green infrastructure and growth in the region. That’s why the UK is making a £50 million contribution to HICPA, whose work to mobilise funds and support green infrastructure projects in the Middle East and North Africa is vital for both economic growth and a greener future for the region.

Source: The North Africa Journal November 02, 2021 19:59 UTC