CAIRO – A panel discussion started Monday on the sidelines of the Egypt Energy Show (EGYPES 2024) to probe advancement in energy to achieve future sustainability.
Themed “Driving Energy Transition, Security, and Decarbonisation”, EGYPES opened earlier today in the presence of President Abdel Fattah El Sisi.
Speaking in the session was John Defterios, former emerging markets editor at CNN and Professor of Business NYU Abu Dhabi. The session focuses on industry response to decarbonisation and energy transition actions.
Petroleum Minister Tareq el-Molla made a keynote speech, in which he put Egypt among early countries that were committed to measures to reduce emissions.
In 2022, President Sisi announced that Egypt joined the Global Methane Pledge – meant to reduce global anthropogenic methane emissions by at least 30% by 2030 – Molla said.
Egypt started implementing pledges of COP summits years ago, he noted.
Natural gas was Egypt’s number one choice since the beginning of energy transition, the minister said, stressing that 60 percent of Egypt’s energy is generated from natural gas.
The remaining 40 percent is generated from other petroleum products, he added.
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