News

Egypt’s Sisi Pledges Action at UN Climate Summit

Egypt’s Sisi Pledges Action at UN Climate Summit

601729

Egyptian President Abdel Fattah al-Sisi said on Tuesday that the world, especially African and Arab states, are in dire need of reaching an agreement that addresses the repercussions of climate change.

Sisi stressed upon Egypt’s commitment to to cooperate with all international parties in tackling climate change, in his speech before the UN Climate Summit in New York.

He said that it is a top priority to confront climate changes as the “Arab region is located in arid environment which is most affected by climate change.”

The Egyptian President urged nation-states, international institutions and the private sector to invest in renewable energy projects in Arab countries.

“We suffer from an energy crisis at a time in which we are targeting high growth rates to achieve sustainable development.”

Sisi added that the new legal framework that will be agreed upon should not be a substitute for the Climate Change Convention, “but it must be complementary to it.”

601836

UN Secretary General Ban Ki-moon had invited world leaders to the summit to “galvanise and catalyse climate action,” according to the UN website. U.S. President Barack Obama is expected to attend the summit.

Egypt’s cabinet amended on Wednesday the law governing the New and Renewable Energy Authority (NREA) to allow the authority to form companies to produce and sell electricity.

Addressing the annual two-day economic conference Euromoney, Investment Minister Ashraf Salman said on Tuesday that the government will propose projects to generate four thousand megawatts of renewable energy within two weeks.

The projects include generating electricity from solar energy and wind energy, with seven billion dollars worth of investments.

Since the summer of 2012, Egypt has been facing its worst energy crisis in years, with power outages on the rise. Power cuts have specifically surged since the start of this summer.

Egyptian authorities have often owed the power crisis to a larger fuel crisis, which mainly involves a shortage in natural gas.

Egypt's President Sisi Addresses the United Nations
Egypt's President Sisi meets top US politicians, former Secretaries of State


Subscribe to our newsletter


News
@AswatMasriya_En

Aswat Masriya is a Thomson Reuters Foundation-sponsored website that covers Egypt's transition to democracy. en.aswatmasriya.com

More in News

Egyptian Media Mogul Mohamed El Amin Sentenced to 3 Years for Human Trafficking

Egyptian Streets24 May 2022

Egyptian Superstar Mo Salah Wins Premier League Golden Boot and Playmaker Award

Shereif Barakat22 May 2022

No Cases of Monkeypox Reported in Egypt: Preventive Medicine Sector

Egyptian Streets22 May 2022

Egypt Reaches Water Poverty Stage: Local Development Minister

Shereif Barakat21 May 2022

Egypt Bids Farewell to Veteran Actor Samir Sabry, Aged 85

Egyptian Streets20 May 2022

Central Bank of Egypt Raises Interest Rates by 2%

Marina Makary19 May 2022

Egypt to Open Airport Near Pyramids in July

Shereif Barakat19 May 2022

Egypt’s Vision to Increase Private Sector Investments to 65% in 3 Years

Egyptian Streets16 May 2022