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      Molla: Egypt seeks to strike a balance between energy transition, emission reduction and energy security

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        PM attends signing of new deal for green fuel production

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        Health ministry organises training course on eradicating deadly tuberculosis

        Petroleum min. meets Shell officials to discuss projects in Egypt

        Petroleum min. meets Shell officials to discuss projects in Egypt

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        Armed Forces honor sons of martyrs, injured on October War Victory anniv.

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        Two earthquakes strike Nepal, sending tremors through the region

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        Petroleum min., BP CEO probe investment plans in Egypt

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        More than 100 dolphins found dead in Brazilian Amazon as water temperatures soar

        Indonesian Amb.: Jakarta-Cairo ties stronger day by day

        Indonesian Amb.: Jakarta-Cairo ties stronger day by day

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        Nobels season resumes with Royal Swedish Academy of Sciences awarding the prize in physics

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        MoU between Telecom Egypt, Hungary’s 4iG

        MoU between Telecom Egypt, Hungary’s 4iG

        Interview for Africa’s Business Heroes Top 10 Finalist from Egypt – Ayman Bazaraa, CEO & Co-Founder of Sprints

        Interview for Africa’s Business Heroes Top 10 Finalist from Egypt – Ayman Bazaraa, CEO & Co-Founder of Sprints

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        Rosatom supplies 5th reactor vessel this year setting a record in nuclear engineering

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          Petroleum min. meets Shell officials to discuss projects in Egypt

          Wazir: Holding Company for Roads, Bridges, Land Transportation to establish HQ in Saudi Arabia

          Wazir: Holding Company for Roads, Bridges, Land Transportation to establish HQ in Saudi Arabia

          Molla: Egypt seeks to strike a balance between energy transition, emission reduction and energy security

          Molla: Egypt seeks to strike a balance between energy transition, emission reduction and energy security

          Supply Ministry says distribution of subsidized goods runs as normal

          Supply Ministry says distribution of subsidized goods runs as normal

          UK trade commissioner pledges to increase trade with Taiwan during visit to island

          UK trade commissioner pledges to increase trade with Taiwan during visit to island

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            Ducks sign Zegras to 3-year deal

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            The Cultural Salon of Dr Hanan Youssef celebrates anniversary of Prophet’s birthday

            Health min.: Gov’t managed to confront multiple challenges facing health sector

            Health min.: Gov’t managed to confront multiple challenges facing health sector

            France kicks off bird flu vaccination despite trade backlash risk

            France kicks off bird flu vaccination despite trade backlash risk

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          Home OP-ED

          The Egyptian vision and the 200-hour summit

          Themes

          by Mohamed Fahmy
          September 17, 2023
          in OP-ED
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          Construction and manufacturing: Hope of Africa

          Mohamed Fahmy

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          Leaders who gathered in New Delhi for the annual G20 Summit on 9-10 September managed to agree on a joint statement that lessened deep divisions over the war in Ukraine and climate change.

          The  G20 Summit’s final statement was drafted after more than 200 hours of negotiations, 300 bilateral meetings and more than a dozen drafts, Amitabh Kant, a prominent organiser of the summit stated on X, formerly Known as (Twitter).

          The final declaration should be deemed unprecedented, since it asserts the need to maintaining regional peace and suspending attacks on infrastructure in both Russia and Ukraine without bias to one party against the other. The declaration also stressed that all countries should refrain from the use of force to threaten or for the sake of territorial gain.

          This reminds us of President Abdel Fattah El Sisi’s call during Egypt’s presidency of the African Union in 2019 for eliminating hotbeds of tension in Africa with serious efforts and practical steps to apply the ‘Silencing the Guns’ initiative in Africa, as well as the revival of the African policy for reconstruction and developing in the post-conflict phase.

          The final statement calls on multilateral banks to exert comprehensive efforts to better develop its vision, operational approaches and financial capacities. The statement added: “We will mobilise collectively further concessional finance to enhance the capacity of the World Bank to support the low-income countries that are in need of help to face global challenges.”

          In a related context, President Sisi said in his speech to the G20: “In my capacity as chair of the New Partnership for Africa’s Development (NEPAD) Heads of State and Government Orientation Committee, we have, in consultation with our African brothers, developed specific objectives to support our countries. Those focus on promoting continental economic integration, accelerating the implementation of Africa Agenda for Development, effectuating the African Continental Free Trade Area (AfCFTA) Agreement, mobilising resources for priority areas, including infrastructure, energy, communications and food security. This is in addition to addressing the continent’s debt crisis.”

          “This shall enhance the continent’s ability to contribute to the global order, politically and economically, so as to achieve stability and strengthen the ability to address global challenges,” President El Sisi added.

          Despite meeting in what the EU’s climate monitor says is likely to be the hottest year in human history, the  G20 leaders failed to agree to a phase-out of fossil fuels, despite a UN report a day earlier deeming the drawdown “indispensable” to achieving net-zero emissions. Instead, they backed a target of tripling global renewable energy capacity by 2030, while committing only to a phasedown of coal in line with national circumstances.

          In a related context, President Sisi said Egypt has succeeded in restoring the balance to the Global Climate Action Agenda, particularly by including the idea of “just transition” to a green Economy and by calling for the establishment of a fund to address climate losses and damages (the Loss and Damage Fund), during its hosting of the UN Climate change conference in Sharm el-Sheikh last November.

          “In light of the gravity of the challenge posed by climate change and the global consensus on the importance of overcoming it, it is necessary for all parties to assume their responsibilities, based on the two principles of ‘Shared but Differentiated Responsibility’ and ‘Equity’, and to implement the resolutions adopted. Otherwise, trust will be lost and the multilateral action system will collapse,” President Sisi told the summit.

          The G20 Summit’s final communiqué goes with the fixed Egyptian vision based on the need for peace, sustainable development and food security and conservation of environment – considering  that a right for the peoples of the African continent, like the rest of the world.

           

          Mohamed Fahmy is the editor-in-chief

          of The Egyptian Gazette and

          Egyptian Mail newspapers

          Tags: AfCFTAG20 summitNEPAD
          Mohamed Fahmy

          Mohamed Fahmy

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