Egypt’s Minister of Foreign Affairs, Sameh Shoukry, announced that Egypt will host a climate conference in Luxor on implementing the COP27 resolution on ‘loss and damage’ before the COP28 that is set to be held in the UAE by next November.
The Egyptian foreign minister, who was the President of COP 27 in Sharm El-Sheikh last November, announced during a presser on Tuesday with Denmark’s climate minister Dan Jørgensen on the sidelines of the Ministerial Conference on Climate change in Copenhagen.
The Luxor conference will discuss implementing loss and damage as well as other resolutions adopted at the COP27, according to Shoukry.
The loss and damage resolution aims to establish a fund to help vulnerable and poor countries pay the rising costs of climate damage mostly caused by wealthier and developed countries.
During the press conference, Shoukry stressed the importance of implementing COP27 outcomes and recommendations to face the negative impacts of climate change. He noted that countries have not committed yet to the 1.5 degrees climate change pledge. He also stressed the importance of implementing the pledge made by the developed nations to support developing ones with a $100 billion tranche of climate finance.
He stressed that “programs and funding must be provided to countries to reach their pledges’ goals.”
He noted that “there is unanimous agreement on the need for immediate impact actions to mitigate the impact of climate change.”
On a related note, Shoukry stressed during the presser that Egypt is relying on the transfer of technology from friends and partners to wean itself off fossil fuels and ramp up the use of renewable energy.
“By the year 2035, renewable energy will constitute about 42-43 percent of Egypt’s total production of energy according to estimations,” he noted.