Prime Minister Mostafa Madbouly met with Mark Carney, the United Nations (UN)’s Special Envoy on Labor and Climate Action & Finance, and Co-Chair of the “Glasgow Financial Alliance for Net Zero Emissions,” on the sidelines of his participation in the Egypt-ICF 2022 in its second edition, which started on September 7th in the New Administrative Capital under the auspices of President Abdel Fattah El-Sisi. The meeting was attended by Minister of International Cooperation, Rania Al-Mashat, according to the Cabinet statement.

Madbouly reviewed Egypt’s vision to chair the 27th session of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP27), which will be hosted by Sharm el-Sheikh next November, highlighting the focus on implementing this vision in line with the commitments of the “Glasgow Financial Alliance for Net Zero Emissions.”

Egypt seeks to accelerate international climate action efforts, by working to  reduce emissions, increase adaptation projects, and adequately enhance financing flows, Madbouly said, noting that a just transition towards a low-carbon economy remains a priority for developing countries around the world.

“When we talk about the component of mitigating the effects of climate change, we must all unite to work to reduce global warming and do our best to maintain the target levels of reduction of 1.5 degrees Celsius, and this requires all parties to take bold and urgent measures in This framework and to raise the levels of our ambition to achieve this goal,” Madbouly pointed out.

For his part, Carney presented his vision on ways to achieve more constructive cooperation, and how to attract financial flows and investments in climate projects, expressing his full agreement with what the Prime Minister said about the need for rapid and urgent action, and providing the necessary funding to turn previous pledges into tangible reality.