US Climate Envoy John Kerry speaks during his speech in the Egypt-ICF on Wednesday 7 September, 2022. Photo courtesy of US embassy in Cairo Facebook page.
US Climate Envoy John Kerry has lauded Egypt's Nexus on Water, Food and Energy (NWFE) programme that was launched for financing eco-friendly and green projects, saying it is a model for development programmes designed to face the repercussions of climate change.
Kerry was speaking at a roundtable held as part of the second edition of the Egypt-International Cooperation Forum (Egypt-ICF) 2022 that kicked off on Wednesday at the New Administrative Capital.
The US envoy thanked Egypt for adopting the ambitious NWFE programme, saying Egypt will benefit from the programme in the development domain and it will help the country reduce carbon emissions.
In July, Egypt launched the NWFE programme within the framework of its National Climate Change Strategy 2050, with a view to attracting foreign investments to Egypt’s green transformation plan.
The programme seeks to mobilise concessional development finance for a package of priority green development projects in the food, water, and energy sectors. It also aims to achieve sustainable, low-emission development and enhance scientific research and technology transfers in the climate change field.
On 1 September, Minister of Environment Yasmine Fouad said an agreement between Egypt and the US on supporting the NWFE programme is set to be announced at the UN Climate Change Conference (COP27) in November in the Egyptian Red Sea city of Sharm El-Sheikh.
The European Bank for Reconstruction and Development (EBRD) announced it "strongly supports" the NWFE programme.
Ahead of her visit to Egypt to attend Egypt-ICF, EBRD President Odile Renaud-Basso said the bank is proud that it is leading the energy pillar of this programme, supporting Egypt’s green energy transition.