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Meridiam pioneers climate resilience, renewable-energy projects in Africa at COP28
Investors - DECEMBER 13, 2023

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Meridiam pioneers climate resilience, renewable-energy projects in Africa at COP28

by Kali Persall

Meridiam has signed several agreements at COP28 in Dubai focused on improving climate resilience and renewable-energy production in Africa.

Last week, the European Investment Bank (EIB) and Meridiam presented an inaugural project to protect vulnerable cities in Africa from climate change. Located in Mauritania, the Nouakchott Coastline Development Project seeks to protect the capital city from coastal erosion and flooding while also developing new activities to the benefit of its communities. Meridiam believes the project could be a useful financing model for the challenge of adaptation in coastal cities highly vulnerable to climate change.

It is the first project to be developed and financed by The Urban Resilience Fund (TURF), a global blended finance impact fund launched by Meridiam in 2021 in partnership with The Rockefeller Foundation and the United Nations Capital Development Fund to support cities in delivering critical resilience infrastructure projects in Euro

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