Minister of Environment Yasmine Fouad asserted that world countries should determine their needs to mitigate the negative impact of climate change along with diversifying the funding tools of soft loans, debt exchange and loans to ease small and medium-scale projects.

This came during the minister’s participation in a seminar held on the fringe of the Climate Week in the Middle East and North Africa, held on March 27-31 in Dubai, UAE.

She also reviewed the mechanisms for creating a framework to support climate funding through expounding Egypt’s experiment in new and renewable energy that has been carried out through several steps such as the electricity law, the localization of new and renewable technology as well as opening the market to the new and renewable industry.

Source: State Information Service Egypt