Egypt has received a high-ranking American ‘Green Trade Mission’ delegation, which includes 40 energy companies, climate envoys, and a number of financing agencies, to explore opportunities for enhancing green investment in the North African state as the country prepares for COP27 in November, according to the US embassy in Cairo.
Organized by the American Chamber of Commerce in Egypt and the US Chamber of Commerce, the event titled "Green Tech" was held on Monday in collaboration with the US-Egypt Climate Working Group.
The event focused on supporting Egypt’s efforts in chairing UN's COP27 that will take place in Sharm El-Sheikh city and highlighted the important role of the private sector and the American energy firms who are concerned with international climate action can play in this respect.
In his address, the chief climate officer at the US International Development Finance Corporation Jack Levine, said: “There is no single government on earth that can fill the climate finance gap, which is why the private sector’s help is needed."
"The American mission reflects a “broad commitment across the Biden-Harris administration to engage the private sector in combating the climate crisis and to support Egypt on its green growth pathways," Ambassador David Thorne, senior adviser to the US Special Presidential Envoy for Climate John Kerry, who witnessed the inking of several agreements for green projects between mission and the Egyptian government during the event.
The delegation's visit comes within the framework of the joint Egyptian-American move to strengthen relations between the two countries at all levels, according to the Egyptian side.