Speaking at the High-Level meeting on the Initiative for Climate Finance, Investment, and Trade (BICFIT) as part of COP29, Benali said that sustainable projects depend on cross-border incentives in order to build capacity in combating climate change.

She noted that the world is facing numerous challenges linked mainly to dialogue on climate financing and coordination between stakeholders, which are hampering the implementation of the various international financing projects.

Benali thus insisted on the use of new means to manage the climate-trade nexus in order to avoid trade tensions and the inflationary effect of energy transitions.

On a parallel note, Benali also stressed the importance of supporting Nationally Determined Contributions (NDCs) and developing clear climate policies, particularly in key sectors such as agriculture, financial market infrastructure (FMI) and mining. 

The main focus of COP29 (November 11-22) is on climate finance, given the need to enable all countries to reduce greenhouse gas emissions and protect lives and livelihoods from the worsening effects of climate change, particularly for vulnerable communities.