Egypt's International Cooperation Minister Rania al-Mashat headed to New York to participate in the Climate Ambition Summit at the 78th session of the United Nations General Assembly (UNGA), as part of a high-level Egyptian delegation. The summit is an important step toward strengthening the global will to accelerate the pace and scale of a just transition to a renewable energy-based and climate-resilient global economy. The Climate Ambition Summit is part of the activities of the 2023 UNGA, which is themed "Rebuilding trust and reigniting global solidarity: Accelerating action on the 2030 Agenda and its Sustainable Development Goals towards peace, prosperity, progress and sustainability for all." Egypt's participation in the Climate Ambition Summit reaffirms the country's successive steps to advance climate action and enhance development and green transformation efforts, especially in light of Egypt's presidency of the 27th United Nations Climate Change Conference (COP27) and the effective measures that have been taken. In addition to participating in the Climate Ambition Summit, al-Mashat will participate in many high-level events and hold bilateral meetings with multilateral and bilateral development partners, including the World Economic Forum's (WEF) "Sustainable Development Impact Meetings" from September 18 to 22. This event coincides with the UNGA and includes the participation of decision-makers, politicians, business community leaders and governments from various countries of the world, to accelerate progress towards the SDGs in light of the changes and challenges that the world is going through. Al-Mashat will also participate in the high-level dialogue on "Financing for Development" for 2023, within the activities of the high-level week of the 78th UNGA-themed "Financing the SDGs for a World Where No One is Left Behind." Speakers are scheduled to review the role of nationally determined contributions (NDCs) and long-term financing to achieve the goals of the Paris Agreement, and the importance of financing for the transition towards clean energy and expanding the scope of nature-based solutions. During her participation, al-Mashat will present Egypt's efforts to implement the Paris Climate Agreement and the SDGs, the experience of launching the National Water Fund of Egypt (NWFE) platform, and the importance of the debt swap mechanism to enhance climate action and development? Additionally, al-Mashat will speak at the high-level round table organized by the Glasgow Financial Alliance (GFANZ), the International Monetary Fund and the World Bank, about mobilizing private investments to enhance climate action in emerging markets and developing countries. During the activities, the Ministry of International Cooperation, in cooperation with the International Fund for Agricultural Development (IFAD), will organize a meeting of the advisory committee to increase the financial value of climate change adaptation projects.
