Egypt, Japan discuss economic ties, preparations for TICAD conference    Real Estate Developers urge flexible land pricing, streamlined licensing, and dollar-based transactions    Madinet Masr in talks for three land plots in Riyadh as part of Saudi expansion    Egypt's PM tells Palestinian PM that Rafah crossing is working 24/7 for aid    Egypt's Sisi pledges full state support for telecoms, tech investment    EGP inches down vs. USD at Sunday's trading close    EGX launches 1st phone app    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    After Putin summit, Trump says peace deal is best way to end Ukraine war    Egypt, Namibia explore closer pharmaceutical cooperation    Jordan condemns Israeli PM remarks on 'Greater Israel'    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt prepares to tackle seasonal air pollution in Nile Delta    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    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    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    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Main objective of COP27 is turning pledges into reality: Al-Mashat
COVID-19, Russia's war against Ukraine impact global energy, food security, says EIB Vice-President
Published in Daily News Egypt on 08 - 06 - 2022

Minister of International Cooperation Rania Al-Mashat said that the main objective of the 27th Conference of the Parties on climate change (COP27), that will be held in Egypt later this year, will be turning pledges into a reality.
During her participation in the "Investing in Net Zero: Leading the Way" conference, Al-Mashat said: "Global climate financing is significantly lower than needed, and is also unevenly distributed, with Africa receiving less than 5.5%. Hence, innovative solutions, such as de-risking instruments and blended finance, are therefore more important than ever in attracting investment for green, sustainable, inclusive, and resilient development – particularly within developing countries and emerging economies. This requires multi-stakeholder engagement, including cooperation between governments, multilateral development banks, and the private sector."
Vice-President of the European Investment Bank (EIB) Ambroise Fayolle commented: "The COVID-19 pandemic and Russia's war against Ukraine are a human tragedy and impact global energy and food security. Both crises also have significant consequences for the global fight against climate change. This conference we are hosting with the European University Institute presents an important opportunity to take stock and discuss how businesses, cities, governments and financial institutions can collectively accelerate their support for a just energy transition, drive innovation in new technologies and support the successful outcome of COP27 climate conference. I want to thank our partners at the European University Institute for the excellent cooperation in promoting best climate policy practices across the world."
Alexander Stubb, Director of the School of Transnational Governance, said: "Climate change is a defining challenge of our time, which will impact generations to come. It is even more crucial to step up efforts in light of the ramifications of the war in Ukraine. We are delighted to partner with the European Investment Bank to discuss concrete steps on the energy transition and innovation in a joint conference, building among others on the excellent research by the EIB Climate Chair team at the EUI's School of Transnational Governance."
Meanwhile, Jos Delbeke, the European University Institute's EIB Chair on Climate Change Policy and International Carbon Markets, said: "My team brings together the best talents for research and teaching in support of climate innovation and a just energy transition around the world. We work closely with our partners at the European Investment Bank to inform policy making on climate change. This conference will allow us to take discussions on climate finance, the energy transition and innovation further and to prepare for the successful outcome of COP27 later this year."
EIB, together with the European University Institute (EUI), is organising the "Investing in Net Zero: Leading the Way" conference, to discuss investments needed to attain net zero emissions and the European Union's global leadership in mobilising the necessary climate finance.


Clic here to read the story from its source.