The Ministry of International Cooperation and the European Union organize Energy Day in preparation for COP27

The Ministry of International Cooperation and the European Union organized the “EU-Egypt Energy Day 2022”, which comes on the sidelines of the Energy Week activities, in preparation for the Conference of the Parties to the United Nations Convention on Climate Change (COP27).

Sherihan Bakhith, assistant minister of international cooperation to oversee cooperation files with the Americas and Europe, represented by Dr. Rania Al-Mashat, Minister of International Cooperation, as well as representatives of the ministries of foreign affairs, environment, electricity, renewable energy, petroleum, mineral wealth, youth and sports, participated in the energy day. Engineer Osama Mubarez also participated in the Energy Day. – Secretary-General of the Eastern Mediterranean Gas Forum, and Dr. Alaa Ezz, Secretary-General of the Federation of Egyptian-European Business Associations.

The celebration aims to review all activities and projects implemented in the energy sector that contribute to supporting, promoting and raising societal awareness of various climate issues, by highlighting the results achieved in this field, as well as reviewing the efforts of the various ministries in this field in line with the priorities of The Egyptian state and the actual needs at the present time and in the coming years, as the Egyptian state seeks to emphasize strengthening efforts to confront climate change and adapt to its negative impact and build on the international momentum within the framework of its presidency of the COP 27 climate conference, in order to achieve tangible results for the peoples of the world that contribute to bringing about real change. On the ground, which will contribute to the transition from the stage of negotiation stipulated in international commitments to the stage of implementation.

It should be noted that there are many bilateral cooperation programs with the European Union in the field of energy that aim to promote and develop renewable energy sources and energy-saving measures to produce clean, safe and efficient energy, including: the program “Promoting reforms in the renewable energy and water sectors through the development of a capacity building program” , with a grant of 10 million euros, the “Egyptian Energy Transmission Program with a grant of 20 million July”, and the program “The Wind Farm in the Gulf of Suez 200-250 MW with a grant of 30 million euros.” The European Union also funds the “Energy Sector Policy Support” program.

In this context, Egypt and the European Union are currently working on updating the “Egypt Strategy for Sustainable Energy 2040”, which aims to achieve a secure supply of energy by adopting green energy scenarios on different horizons, as well as developing the “Mediterranean Hydrogen Partnership”. To boost investments in renewable electricity generation, strengthen and expand electricity networks, including connections across the Mediterranean, produce renewables and low carbon hydrogen, and create storage, transmission and distribution infrastructure.

The current development finance portfolio with the European Union amounted to about 886 million euros at the end of last June, within which several projects of the state’s development priority are being implemented.

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 El-Sisi. , where it 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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