Date and Time: 8 November 2021 at 10:15 – 11:15 GMT
Venue: 3rd Capacity Building Hub at COP26
Watch the event online here
Summary report
Private sector action, including small and medium-sized enterprises (SMEs), will be critical actors in addressing climate change. Private sector involvement is essential for multiple reasons. First of all, given the scale and pace of emissions reductions needed, it is critical that companies across the board urgently act to reduce carbon emissions both in their direct operations and in their supply chains. Secondly, climate change presents material risks to business operations e.g. through infrastructure damage from flooding, droughts and severe weather systems, which in turn introduces new challenges to a fragile and vulnerable enterprise system, in particular for the SMEs. Thus, it is critical for SMEs to both find ways to mitigate emissions, and to be prepared to deal with future climate impacts to increase resilience.
UN Climate Change Secretariat and its Regional Collaboration Centres in Bangkok, Dubai and Kampala in collaboration with other partners are organizing a joint event to
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Present the results of the studies conducted to identify capacity-building gaps and needs in relation to climate action of SMEs from mapping studies in the different regions
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advance understanding of existing initiatives on climate engagement with the SMEs to address the gaps and needs and formulate forward looking recommendations.
Read more about the UNFCCC Bodies, Entities, & Processes Day at the 3rd Capacity-building Hub here
