Egypt’s President Abdel Fattah Al-Sisi gave a speech at the 2021 COP26 United Nations Climate Change Conference in Glasgow, Scotland, UK, on 1 November, calling for the international community to support Africa’s climate change concerns and address their green financing challenge. In his speech, the President stated that “Egypt has taken significant steps to address climate change, aiming for green government projects to reach 50 percent by 2025 and 100 percent by 2030.” The President presented examples of Egypt’s renewable energy projects, which represent around 20 percent of the energy mix in Egypt today. “We work on bringing it to 42 percent by 2035, coinciding with the rationalization of energy subsidies,” the President said. “Egypt is also working on the transition to clean transportation by expanding the metro, rail and electric vehicle networks, and establishing smart and sustainable cities. This is in addition to the implementation of projects to rationalize water consumption, canal lining and the integrated management of coastal areas.” The President also stated that Egypt has recently issued the first green bonds in the Middle East at a value of 750 million US dollars, which are financial instruments…
Egypt’s Sisi Calls for International Community to Support Africa’s Climate Action at COP26 Conference
November 3, 2021
