Egyptian Minister of Environment Yasmine Fouad expounded Egypt’s experiment in Green Bond Issuance to finance twining projects, in a way that would help face up to climate changes and reduce carbon emissions.
During her participation via video conferencing on Wednesday in a forum entitled “Towards COP27: Regional Forums on Climate Initiatives to Finance Climate Action and the SDGs” the minister said, Egypt has a convenient strategy in this regard since long ago, that is being regularly updated.
Fouad referred to long-term public fund programmes aimed at fighting coastal erosion in the various Egyptian governorates and protecting the Nile River Delta.
For his part, Executive Chairman for the Egyptian Exchange Mohamed Farid Saleh underscored the Bourse’s role in garnering financial support to finance ventures fighting climate change repercussions.
The event is organised by Egyptian COP27 Presidency, the United Nations (UN) Regional Commissioners and UN Climate Change High-Level Champions from August 2 to August 4.
The forum grouping participants interested in financing bankable projects that can contribute to transformative adaptation will tackle how best to de-risk investments in developing countries and provide practical opportunities for countries to present their investment-ready climate initiatives and projects and engage with financiers on concrete investment opportunities.
Discussion about this post