Egypt seeks to activate outputs of COP27 during G20 Summit in 2023: Foreign Ministry
According to Daily News, Egypt expressed its intention to raise the issue of supporting and activating the outputs of the Sharm El-Sheik Climate Change Conference (COP27), and the fulfilment of developed countries’ commitments and pledges regarding financing, during the next G20 Summit, next year in India.
Raji Al-Itribi, Egypt’s representative to G20, and Assistant Foreign Minister for Multilateral,
International and Regional Economic Affairs, took part in the first meeting of representatives of Heads of State and Government in the Indian city of Udaipur to develop a road map for G20 meetings during India’s presidency.
Al-Itribi emphasized the importance of mobilizing private investment in developing countries priority development sectors, particularly energy, food, and infrastructure, including through the use of innovative and mixed funds.
He also stressed the need to facilitate the access of developing economies to advanced technology in the areas of boosting production and productivity in the agricultural sector and adopting policies that support the further integration of small and medium-sized industries in developing countries into the international trade system.
Egypt also stated its intention to cooperate and coordinate with the Indian presidency on issues of common priority, specifically the preparation and launch of a Group initiative on strengthening global food security and assisting international financial institutions in becoming more efficient in the face of successive global crises.
“It will also cooperate with India and push forward the WTO reform agenda, prepare an action plan to advance the implementation of the Sustainable Development Goals (SDG), establish a centre of excellence for research purposes in the field of green hydrogen, make recommendations for equitable energy transition, and come up with a framework to advance the integration of developing economies into global value chains” Al-Itribi concluded.