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Egypt, WB discuss bilateral cooperation, COP27 1 - Egyptian Gazette

Egypt, WB discuss bilateral cooperation, COP27

February 20, 2022
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Egyptian Gazette
Home Business

Egypt, WB discuss bilateral cooperation, COP27

by Gazette Staff
February 20, 2022
in Business, Egypt, Local
Egypt, WB discuss bilateral cooperation, COP27 12 - Egyptian Gazette
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Environment Minister Yasmine Fouad met Sunday with a World Bank delegation to discuss means of boosting bilateral cooperation regarding the file of climate change.

The meeting was held in light of preparations for the international climate summit, COP27, which Egypt hosts later this year.

Fouad greatly appreciated cooperation with development partners to support environment action, especially now that Egypt is working on a number of green projects meant to alleviate and adapt to the impact of climate change.

The Egyptian government is seeking to integrate environment into all sectors of development and the green economy, the minister said, also underscoring a belief by the political leadership that this aspect should be in the heart of the development process.

She talked about green economy incentives, including a law on waste management which is based on the idea of circular economy and rationalized consumption.

Fouad also touched upon national strategies, such as a 2050 climate change strategy, a national parks’ strategy, a renewable energy strategy and a solid waste strategy.

All such strategies should pave the way for Egypt to go green, she noted.

COP27, which will be held in the Egyptian Red Sea resort city of Sharm el Sheikh, will focus on the issue of adaptation, which is a top priority in developing countries that seek potentials to face the impact of climate change, the minister said.

An African adaptation initiative will be probed, with a focus on means by which developing countries could receive finances needed in this regard, Fouad added.

The World Bank representatives were pleased with the level of cooperation with Egypt through a program to limit air pollution and climate change in the capital, Greater Cairo.

They reiterated the World Bank’s support for climate finance and the adaptation process in Africa.

Tags: (WB)COP27EgyptEnvironment Minister

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EU, Gulf states postpone summit due in Saudi Arabia

Egypt, Bahrain FMs boost economic, investment ties

Egypt, Somalia FMs discuss ties, development in Horn of Africa

WB raises Egypt’s FY2025/26 growth forecast to 5.1 %

Sisi: Protecting state institutions is duty of all Egyptians

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