Jeddah, Saudi Arabia: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a multilateral credit and political risk insurer and a member of the IsDB Group, is set to take center stage at COP28, as it announces the launch of its groundbreaking Climate Change Policy & ESG Framework and an agreement to join the Energy Transition Accelerator Financing (ETAF) Platform, managed by International Renewable Energy Agency (IRENA). In addition to these significant milestones, ICIEC will host two compelling side events that will address crucial issues in climate finance and mitigation.

During COP28, ICIEC is set to host two prestigious high-level events that will delve deep into critical aspects of climate finance and mitigation.

The first event will be held on December 1st, 2023, titled “Aggregation and Scalability in Accelerating Climate Finance for Development“, and will provide an in-depth exploration of the vital themes of aggregation and scalability within climate finance. Esteemed panelists and experts will offer valuable insights and strategies aimed at expediting climate finance for sustainable development.

The second high-level event, to be held on December 2^nd, 2023, named “The Vital Challenges of De-risking in Bridging the Climate Finance Gap for Mitigation,” will shine a spotlight on the pivotal significance of de-risking in addressing the substantial climate finance gap for mitigation efforts. Our esteemed panel of experts will not only shed light on the complexities of mitigating climate risks but will also present innovative solutions to facilitate climate finance on a larger scale.

Mr. Oussama Kaissi, CEO of ICIEC, stated, “ ICIEC’s engagement at COP28 marks a momentous occasion in the global fight against climate change. The launch of the Climate Change Policy & ESG Framework, the commitment to ETAF, and the hosting of two influential side events exemplify ICIEC’s proactive role in fostering sustainability and resilience worldwide”.