Good morning, friends. We hope you’re ready for a very busy day — as the climate diplomacy is accelerating ahead of COP and industry events are really ramping up, suggesting a we’re all in the early days of a wild ride.

HAPPENING TODAY-

US climate envoy John Kerry (Twitter) is arriving in Egypt today for the Egypt-International Cooperation Forum (Egypt-ICF), which runs through Friday at Almasa Convention Center in the new administrative capital. The three-day event will bring together global policymakers, ministers, development partners and other participants ahead of COP27 to discuss climate action and green transition, food security, and others with a focus on Africa. Check the full agenda here (pdf).

Also attending the meeting is Odile Renaud-Basso, head of the European Bank for Reconstruction and Development (EBRD), who will meet with Egypt’s President Abdel Fattah El Sisi, Finance Minister Mohamed Maait and International Cooperation Minister Rania Al Mashat, according to an EBRD statement. Look for climate finance to be at the top the agenda for the meetings alongside the practicalities of COP27.

Sticking with Egypt, we have a symposium on water sustainable solutions, with day two of the two-day gathering taking place in Alexandria, today. The event is organized by the American University in Cairo (AUC), the United States Agency for International Development (USAID) and Alexandria University’s Water Symposium. The aim is to showcase findings and research output of scientists and engineers in water use efficiency, integrated water resources management, treated water and reuse, and non-conventional water resources and desalination.

The 2022 Euromoney Saudi Arabia Conference runs in Riyadh today. Besides discussing Saudi Arabia’s economy in the context of the global macro-outlook, it will also host a workshop on ESG and climate change.

Climate change is threatening the future of Egypt’s dairy farms — here’s how. Hotter temperatures in Egypt are lowering dairy output of Egypt’s cows — likely as a result of dehydration and a decline in their immunity, farmers tell Enterprise. While declines in milk production aren’t unusual during the summer (with expected decreases of 10-20%), evidence suggests production dropped by more than half this summer. Making things worse: rising costs in animal feed.

^^ You can read the full story in yesterday’s Going Green — EnterpriseAM’s weekly dive into the green economy in Egypt.

PSA #1- You can now get certified in ESG investing from PwC and CFA: PricewaterhouseCoopers’ (PwC) Middle East launched an ESG investing certificate that it says is accredited by the Chartered Financial Analyst (CFA) Institute. The course covers environmental and social factors of ESG investment, ESG analysis, valuation and integration, and portfolio analytics. You can find out more here.

PSA #2- Today is the last day to submit proposals for green projects to Egypt’s Initiative for Smart Green Projects. The government program aims to build an investment map for green projects and companies in a bid to channel private investment to them. Companies looking to get on the map can apply here.

PSA #3- You have until 23 September to apply for the annual UNFCCC’s capacity building hub at COP27. You can apply here.

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YOU’RE READING ENTERPRISE CLIMATE, the essential regional publication for senior execs who care about the world’s most important industry. Enterprise Climate covers everything from finance and tech to regulation, products and policy across the Middle East and North Africa. In a nod to the growing geographical ambitions of companies in our corner of the world, we also include an overview of the big trends and data points in nearby countries, including Africa and southern Europe.

Enterprise Climate is published at 4am CLT / 5am Riyadh / 6am UAE Monday through Thursday by Enterprise, the folks who bring you Enterprise Egypt, your essential 6am and 3pm read on business, finance, policy and economy in Egypt and emerging markets.

Subscribe to Enterprise Climate here or reach out to us on climate@enterprisemea.com with comments, suggestions and story tips.
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THE BIG CLIMATE STORY OUTSIDE THE REGION-

Catastrophic floods in Pakistan continue to dominate global climate news, with outlets around the world covering the ongoing efforts to stem rising waters in the Indus River basin and counting the costs of the flooding. The UN has warned of further damage to flooding that has seen at least 1,343 people dead and around 33 mn impacted. Not to mention the over USD 10 bn in damage and the destruction of world heritage sites. Reuters | AP | Bloomberg.

The flooding is going to reshape the global agriculture market — and possibly make everything from wheat to cotton and rice more expensive, according to this widely shared thread from Nathan Carson, VP of operations at US fertilizer blender Chemical Dynamics. The floods are disproportionately hitting Pakistan’s main agricultural hubs. The country produces 5% of global cotton, 2.5% of the world’s wheat and 9% of rice exports. Flooding has hit during planting and harvest season.

So you can more upward pressure on global food prices, exacerbating the spike of resulting from the ongoing Russia-Ukraine war. That cooling off of prices we’ve seen recently? Don’t expect it to last.

WORTH READING- Europe’s dependency on fossil fuels could get heavier: European governments are expected to spend at least EUR 50 bn this winter on developing new and expanding old fossil fuel infrastructure and supplies as a result of the Russia-Ukraine wat, Alice Hancock writes for the FT, citing data from energy think tank Ember Climate.

CIRCLE YOUR CALENDAR-

The UN Economic and Social Commission for Western Asia is hosting its Towards COP27: Arab regional forum on climate finance on 15 September in Beirut. The forum will explore the climate finance needs of Arab countries to ensure water, energy and food security, while showcasing projects that can accelerate climate action

The Wetex and Dubai solar show will run 27-29 September at the Dubai World Trade Center.

Dubai will host World Green Economy Summit on 28-29 September. The summit wants to provide a platform to build consensus around the potential of technologies, policies and youth that could drive the green economy transformation.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.