World Bank's funding arm is focusing attention on green businesses in Africa, Middle East in climate business

Rimini, 11 November 2018 - Ecomondo, the international exhibition organized by Italian Exhibition Group (IEG) helps the companies of the green sector to enter foreign markets, particularly those in emerging countries.

The opportunity was offered by the meeting hosted on inauguration day in the Noce Room, organized by the Ministry for the Environment and Land and Sea Protection along with the International Finance Corporation (IFC), the finance arm of the World Bank Group, entitled “Climate Sector:
business opportunities in the Middle East, North African and Sub-Saharan regions". An opportunity not only for listening to the experts from the IFC and the Ministry for the Environment, but also for b2b meetings at which participants included several dozen companies attending Ecomondo in this period.

A recent IFC report estimates at over a thousand billion dollars the value of business opportunities the Paris agreement on the climate will be able to launch in Middle East, North African and Sub-Saharan African countries from now until 2030.

In particular, for the Middle East and North Africa, potential investments in climate in Egypt, Jordan and Morocco are estimated at 265 billion dollars, of which a third is for renewable energy, 55% (146 billion) green building and the transport and waste sector.

For Sub-Saharan Africa, on the other hand, the estimate is 783 billion dollars of potential investments, particularly in the Ivory Coast, Kenya, Nigeria and South Africa, in the clean energy sector.