Tarek El Molla, Minister of Petroleum and Mineral Resources, and Yasmine Fouad, Minister of Environment, held a meeting at the headquarters of the Ministry of Petroleum to discuss the preparations for Egypt’s hosting of the COP27 World Climate Summit in Sharm El Sheikh next November, and to review the efforts of the joint working team of the two ministries in completing the necessary arrangements to organize a number of activities relating to environmental sustainability and carbon reduction in the energy, oil and gas sectors within the conference activities.
El Molla stated that the Ministry of Petroleum, in coordination with the Ministry of Environment, will organize a special event during COP27, represented in Decarbonization Day, to shed light on the policies and initiatives that companies operating in the oil and gas industry in Egypt adopt  in order to reduce emissions within the framework of its commitment to contribute to achieving sustainable development and support global efforts to confront climate change.
El Molla noted that the event will include a review by international companies of advanced technologies that help to reach the best results, and a review of the best practices and models applied to reduce carbon capture and storage, pointing out that the topics of technology, human capacity building, and ways to provide financial financing will receive great attention during that event for its vital role in pushing forward efforts to reduce carbon emissions.
For her part, Fouad stressed that the climate conference is a comprehensive conference that includes all spectra, and the need to start a dialogue with the petroleum sector to discuss ways to use the best technologies to reduce emissions.
The Minister of Environment suggested organizing a roundtable at the beginning of next September to launch a dialogue on the three most important axes that will be discussed during the day on carbon reduction at the Climate Summit, in order to prepare well for this day.