President Paul Kagame has emphasised the vital role of having public-private partnerships at the core of any effective response to climate emergency.

He was making his address on November 7, at the Terra Carta Action Forum breakfast organised by Sustainable Markets Initiative on the side-lines of the 27th UN climate change conference (COP27), taking place in Egypt.

Cop27 brings together world leaders, government representatives, experts, representatives of the private sector and civil society, academics, opinion shapers, and policymakers to discuss pressing matters on climate change and effective responses.

"Public-private partnerships are the core of any effective response to the climate emergency. The official negotiations at COP open the door to new business models, economic incentives, and scientific innovations,” Kagame said.

"But ultimately it is companies and consumers interacting with each other, which will translate the commitments into practical reality.”

He then commended the work being done through the Terra Carta Action Forum, as evidenced by the broad range of CEOs and other participating business leaders.

The gathering was also joined by Prime Ministers Mia Mottley of Barbados and Philip Davis of The Bahamas, as well as the Secretary-General of the Commonwealth, Patricia Scotland.

The forum, launched by King Charles III in 2021, sets practical action to help the private sector accelerate its progress toward a sustainable future.

"We must focus on how to deliver the promises made in Glasgow to unlock trillions of dollars of private sector investment to transition the global economy to a more just, sustainable and affordable future,” noted King Charles III in a statement.

Brian Moynihan, Chair of the Sustainable Markets Initiative, also highlighted that there would be accelerated progress toward clean-energy security and a just transition once the private sector works with the public sector.