Conference on preparations for the UN climate conference (COP27)
Monday، 20 June 2022 - 12:00 AM
The Egyptian Center for Economic Studies (ECES) and the Commercial International Bank (CIB) organized a conference on preparations for the UN climate conference (COP27) on Monday 20-6-2022, with the participation of Environment Minister Yasmine Fouad.
The conference discussed a number of environment and climate change topics, including the transition to a new low-carbon energy system, energy security and the role of the Mediterranean as a low-carbon energy center in Africa, Europe, the Middle East and the Gulf. The conference also discussed new varieties that withstand stress factors, good agricultural practices, and green industry; and entrepreneurship initiatives in the green industry.
The opening session witnessed the participation of the Economist Mahmoud Mohieldin, the Climate Champion for the Egyptian Presidency to the 27th UN climate change summit COP27, Environment Minister Yasmine Fouad Tarek Tawfik, Vice Chairman of the Board of Directors of the Egyptian Center for Economic Studies (ECES), and Mohamed Sultan, Head of Operations Sector at the Commercial International Bank (CIB), while the session was moderated by Dr. Abla Abdel Latif, Executive Director and Director of Research at (ECES).
The conference, also, witnessed the participation of Ambassador Amr Moussa, former foreign minister, Ambassador Raouf Saad, Former Assistant Foreign Minister and Advisor to the Minister of Environment, Dr. Saad Nassar, advisor to the Ministry of Agriculture and Land Reclamation, Mohamed Qassem, Vice Chairman of the Board of Directors of the African Union for Cotton and Textile Industries, and Ahmed Abdel Hamid, President of the Chamber of Building Materials Industry in the Federation of Industries, in addition to a number of foreign experts and specialists.
Economist Mahmoud Mohieldin, the Climate Champion for the Egyptian Presidency to the 27th UN climate change summit COP27 participated in the opening session, in which he said that Africa has played a great and effective role in handling the crisis of climate change through providing practical solutions for this issue.
He added that Africa always works on developing and generalizing the use of adaption technologies for climate change in countries all over the continent, noting that Africa backs the use of solar energy in agriculture to mitigate the negative effects of the climate change.
He also urged to put rules to overcome the Green Washing phenomenon, noting that Africa can be the main source of production and export of the green energy to all countries worldwide.
Dr. Yasmine Fouad, Minister of Environment, participated in the “The Road to COP27 and Beyond” session, organized by the Egyptian Center for Economic Studies (ECES) and the Commercial International Bank (CIB), with the participation of a group of ambassadors, experts and media professionals.
In her speech, Environment Minister Yasmine Fouad stressed the importance of accelerating climate action worldwide without discrimination, saying that the most vulnerable countries to the effects of climate change, including Africa, witnessed severe environmental phenomena such as floods, droughts, and cyclones which increased 15 times during the period from 2010 to 2022, causing the displacement of 20 million citizens.
She noted that Egypt, since day one of its presidency of the UN COP27, has been focused on building on the outcomes of the UN COP26, held in Glasgow, by urging the countries to increase their national contributions and live up to their pledges to keep the Earth's temperature at 1.5 degrees.
The minister touched on efforts exerted by the Egyptian government to enhance the participation of the private sector in climate projects.
She pointed out that the government issued the first package of green incentives within the new investment law for climate-related investment areas, including new and renewable energy, green hydrogen, electric transport, waste management, and the production of alternatives to single-use plastic bags.