Mediterranean leaders to launch climate change initiative on Friday

(ADPnews) - Oct 20, 2010 - Government officials from around the Mediterranean on Friday will officially launch the Mediterranean Climate Change Initiative (MCCI) in a bid to strengthen environmental collaboration between their countries and to promote and facilitate investment in low carbon development projects throughout the region.

“Green development will provide tremendous growth opportunities and has the potential to create much-needed jobs and new areas of competitive advantage for our region,” said Greek Prime Minister George Papandreou, who proposed the initiative.

On Friday, the government offificials will sign a political declaration on the initiative in Athens. The event will be followed on Saturday by the first Mediterranean Green Development Investors Forum (Med GDIF), organised by the European Investment Bank (EIB) and the Institute for Climate and Energy Security. The subject of the forum is “Financing profitable green initiatives and investments across the Mediterranean.”

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