Egypt secures $10bn green funds during COP27

Egypt’s Minister of International Cooperation Rania al-Mashat revealed a $10.3 billion in financing packages for government sectors were offered for green transformation under the Nexus on Water, Food and Energy (NWFE) programme.

Al-Mashat’s announcement came on Monday during a meeting with the President Abdel Fattah al-Sisi and the Prime Minister Moustafa Madbouly, reviewing the results of the UN Climate Summit COP27 in mobilising development funds.

The financing aim to implement a number of diverse national projects in water, food, energy, and transport sectors, the meeting highlighted.

In regard of water and food axes, the new funds will lead to the expansion of irrigation projects using clean energy to reduce harmful emissions and promote sustainable agricultural activities, Al-Mashat stated.

As for the energy axis, the funds seek to implement wind power plants, clean energy and green hydrogen, in addition to saving emissions and reducing dependence on traditional fuel from the stations.

Meanwhile, al-Sisi has directed to form specialized technical work teams in each concerned ministry to provide a quick path for the completion of all procedures and approvals related to these projects.

“Nevine Osman” Secretary General of the National Council for Childhood and Motherhood

Dr. Mostafa Madbouly, Prime Minister, issued a decree appointing Eng. Nevine Osman, Secretary-General of the National Council for Childhood and Motherhood, in light of what was presented by Dr. Khaled Abdel Ghaffar, Minister of Health and Population.

It is worth mentioning that Nevine Osman is a graduate of the Faculty of Engineering, Cairo University, and held several positions, including a planning engineer at the National Authority for Tunnels, joining the International Labor Organization of the United Nations. After that she became a Senior Programme Officer at the World Food Programme for 20 years in the fields of child labor, women’s entrepreneurship, and cooperatives, professional training, community, and formal education, and school feeding.

Furthermore, she worked as a development expert at the National Council for Childhood and Motherhood, and an advisor to the Minister of Social Solidarity for school feeding, civil society, and early childhood development.

 

Prime Minister discusses with International Cooperation Minister the results of her meetings and ‘international cooperation’ initiatives during the climate summit

Prime Minister discusses with International Cooperation Minister the results of her meetings and ‘international cooperation’ initiatives during the climate summit

Madbouli emphasizes the importance of continuing to strengthen multilateral cooperation efforts and consolidating partnerships between Egypt and development partners in order to stimulate national development vision and green transformation efforts.

Prime Minister Dr. Mustafa Madbouli held a meeting yesterday evening with Dr. Rania Al-Mashat, Minister for International Cooperation, where the ministry’s activity was reviewed within the framework of the events of the UN Framework Agreement on Climate Change (COP27), which concluded its activities at Sharm el sheik city recently

During the meeting, the Minister of International Cooperation reviewed the results of her intensive meeting with multilateral and bilateral development partners, during which she looked for ways to support and strengthen joint cooperation frameworks and push the vision of national development and green transformation efforts in Egypt.

The Minister of International Cooperation cited the initiatives launched during the climate conference as a sign of the results of the efforts to mobilize facilitated development funding for the National Platform for Green Projects, the International Cooperation Programme, to stimulate green transformation and implement the National Strategy for climate change. Brotherhood, nationally determined contributions to NDCs, also took up the top recommendations of the “Sharm El Sheikh Fair Funding Guide”, which aims To stimulate climate-related funding, strengthen multilateral cooperation and international partnerships, and release the climate and development report in cooperation with the World Bank

Dr. Rania Al-Mashat reviewed the mechanisms of the “Sharm El-Sheikh Guide to Fair Funding”, launched at the climate conference aimed at stimulating the capacity of developing countries and emerging economies to attract climate investments and the tools by which it works to achieve fair climate funding through joint work of relevant parties from international finance institutions and non-purpose organizations For-profit, public and private sectors

The meeting also addresses initiatives launched to enhance the role of start-ups in the Climatech Run climate action, accelerate equal opportunity between gender climate action in cooperation with the European Bank for Reconstruction and Development, and ongoing coordination with Alla Funds CIF climate will be fruitful to implement the investment initiative in nature and climate in Egypt

The Minister of International Cooperation clarified that “COP 27” was a real opportunity to achieve more international cooperation, create the link between development and climate change actions, assuring the continuation of work in coordination with national authorities and development partners over the next 12 months throughout Egypt’s presidency For climate conference, to advance efforts to promote national platform Green Projects has a “Novfi” program to mobilize facilitated financing mechanisms, including mixed financing and private sector investments, and to strengthen joint relationships with multilateral and bilateral development partners to support the Development State Vision 2030 and the National Strategy for Change Climate 2050

At the conclusion of the meeting, Dr. Mustafa Madbouli, Prime Minister, addressed the importance of continuing to strengthen multilateral cooperation efforts and consolidating partnerships between Egypt and development partners in order to stimulate national development vision and green transformation efforts.