Mohieldin Highlights COP27 Priorities in Sydney Energy Forum

Dr Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt, participated in Sydney Energy Forum Co-hosted by the Australian Government and the International Energy Agency on 12-13 July.

Mohieldin's speech to the forum highlighted the priorities of COP27 that will take place in Sharm El Sheikh next November, and the importance of a just energy transition for Egypt and Africa.

On the sidelines of the forum, Mohieldin met the honourable Chris Bowen, Australian Minister for Climate Change and Energy. Mohieldin invited the Australian minister to COP27 and highlighted the importance of Australia in joining the conference.

Mohieldin also had a meeting with Dr. Alan Finkel, Special Adviser to the Australian Government on Low Emissions Technology, where both sides explored possibilities of mobilizing climate investments in Africa and emerging market.

From it's side, The general consulate of Egypt in Sydney organized a number of bilateral meetings for Dr Mohieldin with many governmental and non governmental officials that participated in the forum, in attendance of the Egyptian acting general consul Gamal Mahmoud Atta.

The climate champion discussed with Jennifer Westacott AO, Chief Executive of Business Council of Australia, the participation of Australian business leaders in COP27 and the importance of mobilizing climate investments to Africa. He also had a meetings with Ulrika Francke, President of ISO, and number of representatives of renewable energy companies including Fortescue Group and ReNew Power, where he discussed their investment approaches and their participation in Sharm El Sheikh conference.

Mohieldin's discussions on the sidelines of the forum included highlighting the COP27 priorities. He stressed the importance of addressing both adaptation and mitigation of climate change in a holistic approach, within the framework of the sustainable development goals, the importance of moving from pledges to implementation through investments, beside the importance of climate finance, touching on issues such as the promised $100 billion in Copenhagen, private investments (e.g. the 130 trillion of GFANZ commitments), innovative finance instruments, and carbon markets.