– Yasmine Fouad: The Cop 27 conference comes in light of unprecedented global crises.. everyone must be supported
– Mahmoud Mohieldin: Measures to adapt to changes need not only 100 billion dollars, but 2.3 trillion dollars
– Egypt has prepared 50 environmental projects ready to be generalized worldwide through the Sharm El-Sheikh Climate Conference
Dr. Yasmine Fouad, the Egyptian Minister of Environment, emphasized the solidity of Egyptian-Emirati relations, as we celebrate the fiftieth anniversary of the inauguration of these relations.
This came during Dr. Yasmine Fouad’s participation in the “Egypt’s Future… Preparations for the COP27 Climate Conference” session, which was moderated by Ahmed Al Yamahi, as part of the “Egypt and the Emirates are One Heart” event.
The Minister of Environment said: “The Cop 27 Climate Conference, which is being held in Sharm El-Sheikh, comes under extremely complex global conditions, where food and energy crises are combined with climatic changes that the earth has not witnessed before.” Fouad added: “The Egyptian presidency of the conference took into account all aspects that It touches the future of man and development on Earth, such as energy, water scarcity, food and biodiversity, and separate days have been allocated for this throughout the days of the conference; In order for the climate to be truly integrated into all sectors that affect life and the core of global needs.”
The Minister of Environment indicated: “Through preparing for the conference, Egypt has adopted many partnerships with all countries of the world, on top of which is the United Arab Emirates, which will take over the presidency of the climate conference in November 2023. In the previous conference, to reach the global goal for adapting to climate change by allocating $100 billion in funding for that.”
The minister said: “The biggest burden is not on the country of chairing the conference, but international efforts must be combined in order to access the necessary funding to adapt to climate changes, noting that this matter needs to update the national contributions plan, and develop a set of projects; To attract private sector investments and provide a financing mechanism for implementing climate change adaptation projects, I gave examples by heading to agriculture based on solar energy and seawater desalination.
The Egyptian Minister of Environment stressed the need to involve the private sector in the processes of mitigating the impact of climate change, by contributing to new and renewable energy projects, and developing the infrastructure for environmental projects, stressing that the Sharm el-Sheikh conference will continue to implement the recommendations of the Glasgow Conference in 2021. Fouad urged all countries to provide the necessary funding to finance climate change adaptation measures in light of global crises, and to pump more environmental investments in partnership with the private sector.
She added, “The consensus among all countries participating in the mission will increase the success of the conference, in preparation for the handover of the old presidency to the United Arab Emirates, with which Egypt cooperates in many environmental projects such as facing water scarcity and developing mangrove forests.”
As for Dr. Mahmoud Mohieldin, Executive Director of the World Bank and Climate Pioneer for the Egyptian Presidency of the Climate Conference “COP27”, he said in his speech that “Science and money are the engines that work to achieve great successes, and this is what we hope to achieve at the Climate Conference COP27 in Sharm El-Sheikh. Providing funding is a necessity to confront the exceptional climate changes that the world is going through.”
Mohieldin stressed that facing climate changes through adaptation measures requires not only 100 billion dollars, but trillions of dollars, with the need for the participation of the private sector to attract larger investments; To bear the consequences of climate change, especially that the private sector participation rate is very limited and does not exceed only 2% of adaptation projects, and 6 out of twenty countries have committed to their financing pledges in order to adapt to climate changes.
He added that Egypt’s organization of the climate conference this year, and then the establishment of the United Arab Emirates for this event next year, means more concerted coordination and strengthening the common vision between the two countries, and that what will be adopted at these two summits means that the world will draw up its environmental map in accordance with their recommendations.
Mohieldin stressed that there is a funding gap in the safe transition of clean energy, as the world needs 2.3 trillion dollars to achieve this transformation, and this is what needs concerted efforts by all international partners.
The climate pioneer stated to the Egyptian presidency that the Sharm el-Sheikh conference will allocate more environmental days such as biodiversity, water scarcity, new and renewable energy, food production, and the involvement of youth and the private sector in adaptation measures.
Mohieddin stated that the world is witnessing a surplus of accumulated crises, financial, political and climatic, and this means that everyone must have the faith to overcome these crises. He stated that Egypt has prepared 50 environmental projects ready to be circulated around the world through the Sharm El-Sheikh Climate Conference, which means that facing climate changes does not take place without the availability of science and investment.
The celebration of “Egypt and the UAE is One Heart” was launched this morning, Wednesday, under the patronage of His Highness Sheikh Mohamed bin Zayed, President of the United Arab Emirates, and President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, to celebrate the 50th anniversary of the establishment of Emirati-Egyptian relations.