Dr Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt, said that Egypt, through its presidency of COP27, adopted two unprecedented initiatives that underscore the importance of local and regional aspects of climate action and contribute to the international efforts to achieve climate goals.
Mohieldin added, to “From Egypt” TV show on CBC, that the five major regional roundtables initiative launched by the Egyptian presidency of COP27, HLCs and the UN regional economic commissions aims to discuss the priorities and readiness of the countries of each of the five regions to participate in facing climate change, beside addressing the mostly needed climate projects in each region and the best financing methods.
He underlined that the initiative mainly targets the developing countries and emerging markets, highlighting its situations and climate action priorities, and the most suitable financing methods according to those markets situations, stressing that these regional efforts don’t contradict with the international effort, but they support and integrate it.
The climate champion refers to the difference between the climate action priorities of developed and developing countries, saying that developed countries aim to reduce greenhouse gases and mitigate climate change effects, while developing countries aim to find suitable financing methods and investments that help implementing climate projects without contradicting with achieving economic growth.
“New technologies overcome the inconsistent between achieving economic growth and saving Earth,” he said.
Mohieldin mentioned also the Smart Green Projects initiative that have been launched few days ago by Egypt PM Dr Mostafa Madbouly, saying that the initiative could be considered as a marathon in which all local entities in all governorates participate in order to select the best, smartest and most sustainable 18 projects.
He clarified that this Egyptian initiative is unprecedented in all countries that hosted the previous COPs.