Egypt says it has nearly $10 bln in backing for projectsSHARM EL-SHEIKH, Egypt, Nov 22 - The biggest deal to date to forge the kind of private-public sector low-carbon collaboration sought atpromises $20 billion to shut down Indonesian coal-fired power plants - and it's a drop in the ocean.
Both are badged as a Just Energy Transition Partnership - one of the many types of financing that have been engineered by those trying to bridge the enormous climate financing gap. In 2020 it paid only around $83 billion, the Organisation for Economic Co-operation and Development's most recent estimate found.
Its plan, dubbed the Nexus of Water-Food-Energy, together with a second platform for transport and environment projects, has so farA global team of high-level climate champions, designated by the United Nations to lead change, is trying to involve investment banks and other private sector investors, as well as governments and aid bodies in more than 100 projects across four continents.
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