Al-Mashat Praises Global Recognition of Egypt’s Climate Platforms in COP30 Finance Report

Egypt’s Minister of Planning, Economic Development and International Cooperation, Dr. Rania Al-Mashat, welcomed the inclusion of Egypt’s flagship climate initiatives — the NWFE country platform and the Sharm El-Sheikh Guidebook for Just Financing — in a major new report issued by the Independent High-Level Expert Group on Climate Finance (IHLEG) during the COP30 Climate Conference in Brazil.

The IHLEG report outlines a roadmap to scale climate investments in developing countries to $1.3 trillion annually by 2035, and identifies Egypt’s tools as leading models for mobilizing finance, coordinating national strategies, and accelerating real implementation.

According to the expert group, the NWFE platform, launched in 2022, is the first explicitly multi-sectoral model linking water, food, and energy investments under a unified national framework. The report notes that NWFE’s integrated approach — and its emphasis on full national ownership — has inspired countries such as Türkiye, Brazil, and Bangladesh to start developing similar platforms.

The IHLEG highlights several lessons from the Egyptian experience, including the importance of country-driven priorities, high-quality and credible projects, and a phased expansion that grows with national capacity. These factors, the report argues, are essential for building trust, attracting investment, and ensuring long-term sustainability.

Dr. Al-Mashat stated that the recognition reflects Egypt’s growing influence in shaping global climate action. She emphasized that NWFE has become an international reference point for converting climate commitments into bankable, actionable, investment-ready plans, supported by close coordination between government, international partners, and the private sector.

She noted that the platform has already mobilized $4.5 billion in climate investments, enabling renewable energy projects totaling 5.2 GW, with signed PPAs bringing the total to 8.8 GW out of Egypt’s 10 GW target. The platform has also helped expand innovative financing mechanisms, including blended finance, concessional lending, grants, and debt swaps.

The IHLEG report also gives special focus to the Sharm El-Sheikh Guidebook for Just Financing, describing it as a critical reference for ensuring fairness in global climate finance. The guidebook outlines 12 principles that integrate equity into climate funding, safeguard the development rights of emerging economies, and ensure that global climate objectives remain aligned with national priorities in mitigation and adaptation.

The guidebook also stresses the need to support countries in strengthening institutional and technical capacities, creating a more enabling environment for climate investments, and embedding the principles of just financing within international climate finance structures.

Egypt launched the NWFE platform and the Sharm El-Sheikh Guidebook during COP27, bringing together global partners, policymakers, and research institutions. Their prominence in the COP30 finance roadmap underscores Egypt’s leadership in designing practical, scalable models that bridge climate ambition with real implementation.