Egypt will take into account the priorities and stances of all parties to ensure that the summit culminates in positive results in line with international efforts to handle climate change, El-Sisi said during a meeting on Monday with US Special Presidential Envoy for Climate John Kerry at Cairo's Ittihadiya presidential palace.
President El-Sisi stressed that the COP27 summit will support efforts to reduce emissions and provide funding for developing countries to deal with climate change, according to presidential spokesman Bassam Rady.
Climate finance has been a debated issue at every COP meeting since developed countries failed to meet their promise to mobilise $100 billion in climate finance annually by 2020 to help developing nations with mitigation and adaptation efforts.
Kerry, who is on a two-day visit to Egypt, launched earlier today with Egyptian Foreign Minister Sameh Shoukry the inaugural meeting of the US-Egypt climate-working group to advance bilateral and multilateral climate goals ahead of COP27.
El-Sisi welcomed the launch of the joint working group on climate change, saying that he is looking forwarded to continuing consultation with the US on climate issues as part of the two countries' partnership.
Kerry voiced his country's trust in Egypt's presidency of the COP27 conference as well as its keenness to push forward Egyptian-US efforts to face climate change problems.
Kerry added that the international community appreciates the "serious" efforts exerted by Egypt to deal with climate change, including its efforts in green transformation.
The meeting also addressed reinforcing cooperation between the two countries through the participation of US companies and institutions in Egypt's efforts to boost green energy transformation as well as projects to reduce carbon emissions, Rady added.
During COP26 in Glasgow, Egypt launched its National Climate Change Strategy 2050 with five main objectives, including cutting emissions in various sectors to maintain sustainable economic growth, promoting the use of renewable energy sources, producing energy from waste, and using alternative energy forms like green hydrogen.
The Egyptian government is also pressing ahead with plans to convert thousands of petrol-powered vehicles to run on natural gas as part of its effort to preserve the environment.
Egypt has also launched green bonds tools to finance green projects, especially in clean transportation, being one of the first countries in the Middle East and North Africa to do so.
Egypt – through the Suez Canal Economic Zone – has set its eyes on the green economy and its various industrial applications, such as green hydrogen, which is one of the most important sources of clean energy globally, to attract global investors and become a global logistics and economic hub.