Minister of International Cooperation Rania Al-Mashat met with Nigel Topping, the British climate action pioneer, and high-level United Nations (UN) representative for COP27 , in the presence of Gareth Bailey, British Ambassador in Cairo to review Egypt’s efforts exerted to push the transition to a green economy and prepare for COP27.
This year at COP 27 the National Climate Change Strategy 2050 and the nationally determined contributions to reduce emissions will be introduced. The meeting also touched on discussing the Egyptian and African priorities in the next session of the climate summit, and discussing how to advance climate change adaptation projects and equal opportunities for both genders in climate action.
Al-Mashat stated that the COP27 is working to strengthen global efforts to move from climate pledges to implementation and motivate the international community to fulfill its financial pledges, especially for developing countries and emerging economies to implement their climate ambition, support the transition to a green economy, and finance adaptation projects and mitigate the repercussions of changes. She noted that the Ministry of International Cooperation is working through discussions with development partners to strengthen innovative financing mechanisms to stimulate financing and risk-reducing tools to advance the participation of the private sector and relevant parties in financing climate action.
The Egyptian minister also referred to the launch of the “Nouwfi” program, through which the Ministry of International Cooperation aims to promote the list of green projects prepared by the government in the energy, food and water sectors, among multilateral and bilateral development partners, with the aim of shifting from pledges to implementation, and mobilizing efforts aimed at promoting the transition to a green economy.
For his part, Topping hailed the “Nouwfi” program, and its integrated approach to promoting green projects in the fields of food, energy and water, pointing to the importance of joint action to push the transition from pledges to implementation during the upcoming climate summit.
It is worth noting that the ongoing portfolio of the Ministry of International Cooperation includes 372 projects worth $26.5 billion, including 28 projects worth $2.85 billion in the field of adaptation to climate change, and 46 projects to mitigate the effects of climate change, with development funds amounting to $7.8 billion.