International Cooperation Minister Rania el Mashat said the State moves ahead with its measures to achieve green transition and counter the repercussions of climate change, citing the launching of the National Strategy for Climate Change 2050.

Mashat’s remarks came during her meeting on Thursday 7/7/2022 with the World Bank Operations Manager for Egypt, Robert Bou Jaoude and representatives of 15 national bodies to discuss a draft of the Country’s Climate and Development Report (CCDR), according to a statement released by the International Cooperation Ministry on Thursday.

The international cooperation minister said the CCDR comes at a time when Egypt is poised to chair the 27th session of the Conference of the Parties to the UN Framework Climate Change Convention (UNFCCC), the statement added.

The report sheds light on the impact of climate change on the country’s development efforts and reviews the measures taken by the State in different sectors to bring about green transition and combat this phenomenon’s effects.

Mashat explained that the report comprises an overall analysis of the economic situation in Egypt, with special focus on the areas of water, agriculture, energy, transport and industry, as well as resilient coastal cities, the statement read.

She stated the report is a key axis of the new development cooperation strategy between Egypt and the World Bank, as its outcome would help support financing opportunities and sustainable investment.

Mashat said the State is implementing ambitious plans for promoting sustainable management of water resources, increasing reliance on renewable energy sources, stimulating green investments by the private sector, establishing climate change adaptation projects and producing green hydrogen.

Egypt’s current cooperation portfolio with the WB has reached dlrs 5.9 billion and encompasses 16 projects in various sectors.

Source: State Information Service Egypt