Egypt's stocks retreat on Wednesday; July 30 amid local sell-off    Egypt's Cabinet approves E-Tax platform contract    EU economic sentiment improves in July '25    PM: Sisi's Gaza speech reaffirms Cairo's steadfast stance on Palestinian cause    Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel    Egypt launches initiative with traders, manufacturers to reduce prices of essential goods    SCZONE chief discusses strengthening maritime, logistics cooperation with Panama    Supply minister discusses strengthening cooperation with ITFC    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Egypt will keep pushing for Gaza peace, aid: PM    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Climate Change & the Cancun Conference
Published in Bikya Masr on 12 - 12 - 2010

Around the world today, we are already seeing the damaging effects of climate change, from increasing temperatures and melting glaciers to rising sea levels and lengthening droughts. The toll on our planet will only get worse if the international community does not strengthen its efforts to address this problem. The upcoming United Nations climate conference in Mexico offers an opportunity to take an important step forward – and we must seize this moment together. The United States is committed to working with Egypt and our other international partners to meet this great global challenge.
At Cancun, we must work to build on the progress made last year in Copenhagen and move forward on all key elements of the negotiations – mitigation of emissions, transparency of actions, financing, adaptation, technology, and protection of our forests. As we press ahead on these issues and seek a balanced outcome, we must also avoid undermining what we achieved in Copenhagen, where leaders from around the world took a meaningful and unprecedented step in our collective commitment to meeting the climate change challenge. Attempts to back away from commitments in the Copenhagen Accord or to renegotiate its underpinning would only deepen the danger for our planet, our people and our future.
As part of the Copenhagen Accord –for the first time all major economies committed to take actions to limit their emissions and to do so in an internationally transparent manner. The agreement also includes landmark provisions for financial assistance to support clean technology development, adaptation, and forest protection in those countries most in need. These provisions consist of a pledge for “fast start” funding by developed countries approaching $30 billion over the years 2010-2012 and a commitment to a goal of mobilizing $100 billion annually from public and private sources by 2020 in the context of meaningful mitigation and transparency.
The United States is delivering on our fast start commitment to help developing countries reduce emissions and adapt to the adverse effects of climate change. This year alone, the United States has significantly increased it climate finance to a total of $1.7 billion, $1.3 billion of Congressionally-appropriated assistance and $400 million of development finance and export credit. Evidence of this progress can be seen in Egypt, where $300 million U.S. dollars from the U.S.-supported Clean Technology Fund will support Egypt's investments into wind power generation and sustainable urban transportation.
The United States is also working hard to reduce its own emissions and transition to a clean energy economy. President Obama's Recovery Act provided more than $80 billion in investments, loans and incentives to support a range of initiatives that are vital to this goal. We have put in place the most ambitious U.S. fuel economy and tailpipe emission standards ever. We are taking important steps to reduce emissions from our largest polluting sources. And President Obama remains committed to passing domestic energy and climate legislation.
As I travel throughout Egypt I see broad concern about the current impacts and the potential threats of changing climate – concerns that Americans share. But I am encouraged by the actions that are being taken here and around the world to work toward a clean energy future that promotes sustainable economic growth for all. Just as no nation can escape the effects of climate change, no nation alone can solve this problem. The USAID-supported conversion of many of Cairo's taxis to run on natural gas has reduced vehicle emissions. Education efforts among students are building a stronger understanding of what it means to care for our environment. Advocacy groups are also speaking with a more confident voice on the need to build, travel and eat in an environmentally sustainable way.
The risks posed by climate change and the difficulty of containing it pose challenges to every country, and we must overcome those obstacles. Our global efforts to build a sustainable, clean energy economy will lift people out of poverty, deliver energy services throughout the world, and preserve our most precious environmental treasures.
The Copenhagen Accord is, and the upcoming climate change meeting in Cancun should be, an important step in our collective commitment to speed this transition, leaving a cleaner, healthier planet for all.
** Margaret Scobey is the United States Ambassador to Egypt.
BM


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