CONTENTS 4/2022
EDITORIAL 4-5 Climate Finance: How to bridge the gap in funding SPECIAL FEATURE 6-33 New Approaches to Climate Action 6-13 The OPEC Fund and climate action: An ambitious, yet realistic plan 14-15 Interview Tarek Sherlala: “If your
DEVELOPMENT NEWS 36-41 36 Supporting small businesses in Uzbekistan 37 Improving food security and agricultural resilience in Jordan
6-13
The OPEC Fund's Climate Action Plan
Closing the inequality gap in Ghana
38
Promoting private sector develop- ment and international trade Building a development pipeline in Latin America Joint trade finance facility for food security in Uzbekistan
39
PHOTO: Media Lens King – stock.adobe.com
40
20-21
Microfinance in the developing world
41
focus is development, everything now has to be climate-focused”
SPOTLIGHT 42-53 42-47 The OPEC Fund @ COP27:
16-17 Giving quickly to give twice: The OPEC Fund Grant Program 18-19 “What's in a container?”: Trade Finance and Climate Action 20-21 “Money is the oxygen for entrepreneurship”: How microfinance can help those otherwise left behind 22-25 Interview Preeti Sinha: Decade of action... or lost decade? 26-29 Defining “Game changer”: New approaches to finance 30-31 Interview Shonali Pachauri: “In short, the polluter pays” 32-33 In search of a silver lining: Latest reports highlight opportunities and action IN THE FIELD 34-35 How the OPEC Fund
Doubling climate funding while meeting the world halfway 48-49 Interview Ibrahim Matola: “Storms
PHOTO: VG Foto/Shutterstock.com
cost lives – but so do blackouts”: The case for early warning systems
41
Supporting SMEs in Uzbekistan
50-53 Fountain of youth: The world’s youngest citizens make a critical plea on the UN’s biggest climate stage EVENTS 54-55 The OPEC Fund in Washington Director-General Dr. Alkhalifa leads a delegation to the World Bank/IMF Annual Meetings OPEC FUND 56-58 56-57 New development funding 58
PHOTO: MehmetO/Shutterstock.com
50-53
Young citizens at COP27
is helping farmers in Latin America to boost
sustainable agriculture
“Our business is development cooperation”: The OPEC Fund featured in Frankfurter Allgemeine Zeitung
PHOTO: UNFCCC
3
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