A dedicated side event was held at the COP23 to showcase Spanish action for multi-stakeholder engagement, alongside EU-funded private sector initiatives in Lebanon and Morocco. Two initiatives supported by the ClimaSouth project, targeting the private sector, were featured in particular: the Lebanon Climate Act (LCA), and Climate Champions, promoting corporate climate action in Lebanon. A parallel initiative led by the Confederation of Moroccan Enterprises (CGEM), assisting Moroccan enterprises in turning climate risks into economic opportunities through awareness, training, and the development of climate projects eligible for funding by international financiers was also presented.
The European Commission moderator Federica Pesce said in her introduction : “The Paris Agenda and the Marrakech Partnership for Global Climate Action have provided governments, businesses, non-state actors and ordinary citizens many opportunities to seize, and many companies worldwide have already embraced the transition towards low-carbon economies and climate resilient societies. Yet enabling conditions still need to be reinforced and in some cases created”.