Minister of Petroleum and Mineral Resources Tarek El Molla participated in the activities of the second day of the meetings of the International Energy Agency (IEA), chaired by Fatih Birol, IEA’s Executive Chairman, in the presence of Jennifer Granholm, US Secretary of Energy, to discuss the energy transition efforts, through video conference, the ministry said in a statement.
The Egyptian minister participated in a ministerial discussion session that included energy ministers from 44 countries under the title “The International Energy Agency Community”, which was organized by the IEA, welcoming a number of countries to its membership, including Egypt, in the context of discussing intensifying efforts to implement the goals of the energy transition globally.
In his speech, the minister called for the necessity of cooperation and integration to create the appropriate conditions for the African continent to achieve the energy transition in a balanced and realistic manner that takes into account the continent’s requirements and its economic and living conditions.
El Molla pointed out the importance of the global role in providing the necessary financing and technologies for the African continent to support it in obtaining clean energy with low carbon emissions, referring to the importance of focusing in this field on the development of natural gas and renewable energy resources in the continent, which has natural resources and great potentials.
The minister expressed Egypt’s aspiration and enthusiasm for joint work with the IEA after joining its membership in order to develop integrated action plans to confront climate change and develop a joint work program for future cooperation between the two sides in decarbonization, renewable energy, hydrogen, and energy efficiency.
El Molla concluded his speech by saying that as the host of COP 27, Egypt welcomes the active participation of countries in the upcoming climate summit in order to effectively contribute to the energy community in providing realistic and viable solutions.