Promoter: Direção-Geral de Energia e Geologia (DGEG)

Synopsis: Climate change is a global and transversal challenge, with the financing component and the adaptation of budgetary processes being decisive, to the requirements of the commitments and goals established by each country towards the energy transition. The transition to a sustainable, low-carbon economy requires rethinking the way we carry out our activities and opting for climate-sensitive projects, infrastructures and technologies, to redirect capital flows towards green assets. Climate action funding, in line with the Paris Agreement, has been fundamental to the realisation of Portugal's climate policy. At COP28, Portugal signed agreements with Cape Verde and São Tomé to convert public debt into climate finance.

This event seeks to address climate finance and debt conversion agreements, publicising the initiatives implemented by those countries and sharing successful projects that could lead to more debt conversions between CPLP countries, thus promoting fair and sustainable development and strengthening international cooperation.

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