Egyptian President Abdel-Fattah El-Sisi meets with Prime Minister Mostafa Madbouly and Minister of International Cooperation Rania Al-Mashat. Egyptian Presidency
These goals, according to a presidential statement, are mainly represented in implementing the climate pledges and commitments and transforming them into actual efforts and projects on the ground within the framework of the green transformation approach and in accordance with relevant Egyptian national strategies.
The president’s directives came in a meeting on Monday with Prime Minister Mostafa Madbouly and Minister of International Cooperation Rania Al-Mashat as part of of Egypt’s preparations to host the 2022 UN Climate Change Conference (COP27) in November in Sharm El-Sheikh.
Egypt has vowed to step up efforts to implement the Paris Agreement on climate change and turn international climate pledges into actions on the ground during the conference.
Ahead of COP27, Egypt has launched major environmental projects and climate-focused programmes as part of its transition towards a green economy.
During the Monday meeting, Al-Mashat reviewed cooperation with international development partners within the framework of the Nexus of Water, Food, and Energy (NWFE) program, said the spokesman.
The international cooperation ministry launched the NWFE program in July to attract foreign investments into Egypt’s green transformation plan.
The program seeks to mobilise concessional development finance for a package of priority green development projects in the food, water and energy sectors within the framework of Egypt's National Climate Change Strategy 2050, the statement said.
The program aims to achieve sustainable, low-emission development and enhance scientific research and technology transfers in the climate change field, said the statement.
It is part of the international cooperation ministry’s efforts to benefit from development funding in preparation for the COP27 summit.
The minister also reviewed final preparations for the Egypt International Cooperation Forum (Egypt-ICF), slated for September in the New Administrative Capital.
The forum will tackle a number of issues, the most important of which is mobilising resources, facilitating access to funding and financing the climate mitigation and adaptation agenda.
The Egypt-ICF seeks to implement climate pledges and to turn financial commitments into real opportunities.
The forum will also feature a roundtable on the NWFE program to promote investable projects in Egypt in order for them to be introduced during COP27.
African finance, economy and environment ministers, as well as a group of senior officials, international figures, development partners, international financial institutions, civil society representatives and thinktanks will participate in the forum, according to the statement.
Egypt has also vowed to express Africa’s aspirations and its priorities concerning climate change during its presidency of COP27 given that the continent is being disproportionately affected by impacts of climate change.
During the meeting, Al-Mashat also reviewed the international cooperation ministry's efforts to develop the Sharm El-Sheikh Guide for Fair Finance, which aims to integrate development policies and climate actions by all parties, especially governments, international financing institutions and investment funds.
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