Rania Al-Mashat participates in the Arab Regional Forum for Climate Initiatives in Beirut

Dr. Rania Al-Mashat, Minister of International Cooperation, reviewed the axes of the national platform for green projects, the “Noufy” program, which was launched in early July, and includes a list of green projects in the fields of food, water and energy, within the framework of the national strategy for climate change COP27, with the aim of mobilizing funds and stimulating the participation of the sector in support of green transformation efforts.

This came during her participation in a high-level discussion session entitled “Crowding Climate Finance”, during the activities of the Arab Regional Forum on Climate Initiatives to Finance Climate Action and the Sustainable Development Goals, held in the Lebanese capital, Beirut, and is one of five regional forums organized by the Economic and Social Commission for Western Asia. ESCWA, in cooperation with the Egyptian Presidency of COP27 with the United Nations High-Level Leaders on Climate Change, and the five United Nations Regional Committees, in the context of preparations for COP27 in Sharm El-Sheikh.

Al-Mashat explained that the forum would support the Arab countries’ orientation to expand the scope of climate solutions through innovative financing plans, especially since the recent period showed the urgent need to promote comprehensive climate action.

Al-Mashat stressed the importance of working collectively to explore solutions that can work to face the challenges caused by climate change in order to build flexible economic systems capable of dealing with challenges and achieving comprehensive and sustainable growth in the Arab region, pointing out that facing climate challenges needs trillions. dollars to finance mitigation and adaptation projects, which raises a question about the ability of countries to bridge the financing gap and mobilize financing from its various sources, and tools to stimulate the private sector to contribute to its huge potential in financing these projects, and coordination with development partners in this regard.

The Minister of International Cooperation touched on the Egyptian efforts in accelerating the pace of green transformation and achieving sustainable development goals, and the measures it has taken since 2016 at the level of economic and structural reform to encourage the investment climate, and the permanent link between development efforts and climate action through the implementation of environmentally friendly projects. The government is currently on an integrated vision to expand the scope of private sector participation in development projects.

Al-Mashat, the national platform for green projects, reviewed the NWFE program, the axis of interdependence between the food, water and energy sectors, which aims to accelerate inclusive and sustainable growth and mobilize climate finance and private investments to support green transformation efforts, under the umbrella of the National Climate Change Strategy 2050 and contributions The NDCs, explaining that the “Nwee” program reflects the objectives of the Egyptian presidency of the COP27 climate conference, which is to move from the stage of pledges to implementation with the aim of accelerating the climate action agenda, mobilizing development funds and private investments, and granting technical support to a list of green projects in the priority sectors, namely food, energy and water. .

The Minister of International Cooperation noted that the “Nove” program was designed based on the link between energy, water and food security, as there is a close link between the three sectors through joint policies, as well as the ecosystems on which natural resources and human activities depend, and it is a national program that represents a regional model. An effective and approach to soft financing to deal with issues of adaptation, mitigation and resilience, in addition to developing a support mechanism and technical assistance to qualify the target projects, raise the technical efficiency and economic feasibility of these projects, and prepare a map for the development partners’ contribution to the program, as well as the completion of the contractual framework for partnership agreements with development partners for the target projects. .

She explained that during the Egypt-ICF Forum, in its second edition, which was held under the patronage and in the presence of President Abdel Fattah El-Sisi, two round tables were held for the “Noufi” program, on the energy axis, and the axis of food and water, in partnership with international financial institutions. The main participant in the programme, where the European Bank for Reconstruction and Development coordinates at the level of the energy hub, the African Development Bank handles coordination at the level of the water hub, and the International Fund for Agricultural Development coordinates at the level of the food hub.

She stated that the Ministry of International Cooperation is working in continuous coordination with all multilateral and bilateral development partners with the exception of the International Monetary Fund, and over the years, the relationship with all partners has been strengthened within the framework of international cooperation and development financing, in a manner that enhances national priorities to achieve sustainable development goals and accelerate work. climatic.

The discussion session was attended by Dr. Rania Al-Mashat, Minister of International Cooperation, Dr. Mahmoud Mohieldin, Climate Pioneer for the Egyptian Presidency of the Conference of Parties to the United Nations Climate Change Conference COP27 and Executive Director of the International Monetary Fund, Mr. Nasser Yassin, Lebanese Minister of Environment, and Ambassador Anne Desmore, Ambassador of the Kingdom of Saudi Arabia. Sweden in Lebanon, and Dr. Hala Al-Saeed, Minister of Planning and Economic Development, and Dr. Muhammad Maait, Minister of Environment, participated by default.

It is worth noting that the Ministry of International Cooperation, in cooperation with the Ministries of Foreign Affairs, Finance and Environment, and the United Nations Economic Commission for Africa, organized the Egypt-ICF2022 Forum, in its second edition, and the meeting of African Ministers of Economy, Finance and Environment, under the auspices and presence of President Abdel Fattah Sisi, where he witnessed a high-level international and regional presence from United Nations organizations, heads of international financial institutions, and the private sector. With the participation of more than 23 African governments, about 20 discussion sessions, workshops and round tables were held on unifying messages and visions, to mobilize the efforts of the international community to support the climate agenda in the continent of Africa, and to prepare for the “Finance Day”.

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