Egypt’s Minister of International Co-operation Rania el-Mashaat left for New York on Sunday to take part in the Climate Ambition Summit.
The summit, held within the 78th session of the United Nations General Assembly, is a political milestone to demonstrate the collective global will to accelerate the transition to a renewable-energy based, climate-resilient world economy.
Convened by UN Secretary-General António Guterres, the summit aims to hasten action by governments, business, finance, local authorities and civil society, and hear from “first movers and shakers”.
The Climate Ambition Summit comes within the framework of the 2023 United Nations meetings, themed Rebuilding Confidence and Sharpening Global Solidarity.
Participation in this event affirms steps taken by the Egyptian government to advance climate action and green transformation efforts since Egypt was president of the United Nations Climate Conference COP27.
A series of measures to mitigate the impacts of climate change have been taken. The NWFE (Nexus on Food, Energy and Water) was launched to mobilise finance and private investment to support the green transition.
The minister’s attendance at high-level meetings of the United Nations comes with the launch of the strategic framework of partnership with the United Nations for sustainable development 2023-2027 last May, establishing a new phase of co-operation between the government and United Nations agencies to advance multilateral co-operation efforts to implement sustainable development goals.
The minister will be taking part in a high-level session with leaders of the World Economic Forum (WEF) and representatives of government, private sectors and non-profit organisations to discuss the NWFE programme. They will also review the implementation of the WEF initiative to enhance the role of non-profit organisations in climate action (GAEA), launched at the Davos Forum earlier this year.
El-Mashaat is also participating in the high-level dialogue on development financing for the year 2023, within the high-level week of the 78th session of the United Nations General Assembly.
The minister will speak at the round table organised by the Glasgow Financial Alliance (GFANZ), the International Monetary Fund and the World Bank, on mobilising private investments in climate action in emerging markets and developing countries.
She will also be participating in the advisory board meeting of the Global Energy Alliance for People and Planet (GEAPP) to discuss new generations for green and digital transformation.
On the sidelines of the summit, Germany and the United Nations Development Programme will host el-Mashat to review the Egyptian experience in debt swaps to promote development and climate action within the framework of the NWFE project.