The Ministry of Environment cooperates with the Green Climate Fund to enhance cooperation in implementing climate projects

Dr. Yasmine Fouad, Minister of Environment, met with Mr. Yannick Glemarec, Executive Director of the Green Climate Fund during his visit to the Arab Republic of Egypt, which includes a series of high -level meetings to enhance cooperation with the fund, especially in light of the end of Egypt from preparing the national climate change strategy and the list of projects thatIt can be submitted to finance it through the fund according to Egypt's priorities during the coming period, and Egypt's preparations to host the next climate conference COP27.

During the meeting, the two parties discussed the mechanisms of the Fund's work, its policies and its role in the upcoming climate conference COP27, and what it can offer to Egypt at the national level in implementing the national climate change strategy projects 2050, and during the road to the Sharm El Sheikh climate conference, where the Minister of Environment expressed her happiness with the remarkable development in policiesThe Fund as the most important mechanisms of climate financing, and seeking to reach best practices and batch in the field of accelerating access to climate financing and building national capabilities of the countries.

The Minister of Environment with regard to preparing to head the upcoming climate conference COP27, that Egypt is keen to achieve a qualitative shift in global climate work by going out with a conference for implementation, not only by building on the outputs of the COP26 climate conference, and listening to all parties, aspirations and aspirations of the conference, especially in the field of financing Climate and drafting the financial pledges that were launched at the previous conference into executive mechanisms, as well as coordination with the United Nations Secretariat to prepare the conference agenda, but by accelerating the pace of climate work through a real implementation of what was previously agreed upon, and to provide urgent interventions to counter the effects of climate change, and display success stories in Facing the effects of climate change at different levels such as small projects, national procedures, huge investments and entrepreneurship for young people.

The Prime Minister receives the CEO of the United Nations Green Climate Fund

President Sisi is directed to provide the financial resources necessary to host the climate summit in Sharm El -Sheikh

The Minister of Environment also pointed out that the year 2022 is distinguished in efforts to link biodiversity and climate change, whether in the results of the United Nations General Assembly meetings under the title "Act for Nature" I work for nature, and also the expected results of the COP 15, especially after it helped Egypt, through its presidency of the former COP 14 conference, in preparing a draft framework for the post -2020 biological diversity and the 2050 road map, and laid after climate change in its heart, taking into account the book of the rules of the Paris Agreement, so that all these variables work on setting the issue of linking the climate and biological diversity in He turned the attention of the upcoming climate conference COP27, explaining that the work of the climate fund in this field will achieve a great added value.

The Minister of Environment also referred to the global initiatives that Egypt will launch through its presidency of the conference, and focus on 3 important areas, which are the integrated management of coastal areas of what is the quality of water and the social dimension of fishermen and improving the level of life, and also linking the presidential initiative “a decent life” to climate change, whereWe found that the initiative's interventions contribute to the procedures for adapting and mitigating the effects of climate change, in addition to waste, especially plastic and its relationship to climate change, which also affects the pollution of the seas and oceans with plastic.

The meeting dealt with the national climate change strategy 2050, in terms of visions and goals and its link to the achievement of sustainable development goals 2030, financing packages to implement them, and aims to achieve sustainable economic growth based on reducing emissions in different sectors, and improving adaptation capabilities and confrontation with the effects of climate change as a mechanism to protect the economy, and climate governance And finding enhancing climate financing and infrastructure, enhancing scientific research and technology and raising awareness to counter climate change, as the first package for proposed projects was presented to implement the goals of the strategy, whether in the field of adaptation, mitigation and social and economic effects of climate change, which the National Council for Climate Change approved, including the energy program The new and renewed is the green hydrogen, the private sector has a major role in it, as well as the transportation program, and the carbon storage program and detention program.

Dr. Yasmine Fouad stressed that Egypt was keen during the last period to achieve a real integration of climate change in all sectors of development, especially after the Prime Minister assumed the presidency of the National Council for Climate Change and the membership of all ministries and sectors concerned, which helped to create a climate.The most important cradle for everyone in preparing the national strategy for climate change 2050, and the first package of its executive projects has been formulated, especially in the field of energy, which is one of the largest sectors producing global warming emissions, and achieving a balance between adaptation and mitigation projects, in addition to working to involve the private sector through Preparing a package of green incentives for investors, as the government agreed on 4 priority areas to put forward within green incentives, which are green hydrogen, electrical transport, mono -used plastic bags, and integrated waste management, especially after issuing the first law to regulate waste management and its executive regulations for it.

For his part, Yannik Glimaric, Executive Director of the Green Climate Fund, confirmed that the Fund worked during the last period to accelerate the pace of work to finance the largest possible amount of climate projects through the readiness program, and during the Glasgow Climate Conference we launched a number of initiatives, including financing the biological economy to achieve balanced financing for projects Small and medium in the field of preserving natural resources and sustainability, as well as launching a number of initiatives allocated to Africa, especially in the field of renewable energy, as well as a number of projects funded by the fund in several fields, including preserving coastal areas, in addition to launching a program that specializes in working with civil society and displaying stories Success by citizens.

The Fund Director pointed to the development of their financing platforms, whether national funds, investors, development and commercial banks, etc., as well as the green recovery platform to work to enhance the infrastructure of countries in light of the Corona pandemNext COP27 in paying the climate financing process, and the fund was keen to show readiness to finance climate projects, and to cooperate with the Egyptian presidency of the conference in launching a number of financing initiatives.

The Fund Director pointed out what Egypt can achieve in a shift in adaptation projects by giving added value to it that makes it more attractive to investment, and the fund is looking to support Egypt in its climate projects, stressing the need to present the Egyptian success story in preparing the national strategy for climate changes and transferring them to projects that startThe actual implementation of it according to an investment plan that can be guided in the experiences of other countries.

The Fund, which was established through the United Nations Framework Convention on Climate Change "UNFCCC" in 2010, plays the role of the operational entity of the financing mechanism of the Climate Change Convention and its Paris Agreement, and aims to support developing countries in financing programs, policies and projects to mitigate warming emissions and enhance their ability to Adapting to the negative effects of climate change, as it aims to achieve a balance between the funding provided to adaptation and mitigation projects, and to build capabilities and technical support for developing countries to enhance access to climate financing, in addition to providing support to prepare national plans for adaptation with climate change.