CAIRO – Egyptian President Abdel Fattah El Sisi said Monday that some advanced countries bear responsibility for exacerbating the global climate change crisis, pointing to the past and present challenges facing Egypt, including the economic crisis resulting from the repercussions of the coronavirus pandemic and the Russian-Ukrainian crisis, as well as the current situation on the borders with Libya, Sudan, and even with the Gaza Strip.
President Sisi added, “When I speak about the conditions in Egypt and our region and their impacts, advanced countries in Europe, America, and others, when they make commitments, they can fulfill them because their organizational and economic capacities enable them to meet those commitments.”
During his intervention in a panel discussion titled “Energy Transition, Supply Assurance, and Emissions Reduction” at the 7th Egypt International Energy Conference and Exhibition (EGYPS 2024) Monday, at the Manara International Conference Centre in New Cairo, President Sisi pointed out that when African countries, including Egypt, make commitments, those commitments are very difficult because the least required is low-cost financing.
He emphasized the necessity of providing the necessary financing for low-income countries, noting that some advanced countries did not commit to implementing the pledges they made during the 2015 Paris conference for the benefit of the energy and climate sector, totaling around dlrs 100 billion.
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