• Live
    • Audio Only
  • google plus
  • facebook
  • twitter
News > Egypt

Egypt Urges Rich Countries To Fulfill Climate Financing Pledge

  • Egypt's President Abdel Fattah Al-Sisi with UK Prime Minister Boris Johnson and the UN Secretary-General Antonio Guterres at COP26.

    Egypt's President Abdel Fattah Al-Sisi with UK Prime Minister Boris Johnson and the UN Secretary-General Antonio Guterres at COP26. | Photo: Twitter/@DailyNewsEgypt

Published 1 November 2021
Opinion

Egyptian President Abdel-Fattah al-Sisi stated Monday that developed countries must fulfill their promises to grant 100 billion U.S. dollars per year to developing countries to face the effects of climate change.

"We are concerned about the gap between the available funding and the actual needs of developing countries as well as the obstacles that our countries face to have access to it," Sisi said during his speech at the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow Monday.

RELATED:

Cuba Shares Its Environmental Development Experience at COP26

"Developing countries' implementation of their commitments to address climate change is conditioned by the amount of support they receive," Sisi reiterated.

The Egyptian president said that his country has already begun taking considerables steps towards sustainable development model. "This model is aimed at lifting the share of government-funded green projects to 50 percent by 2025 and 100 percent by 2030," Sisi said.

He further reminded that the African continent faces the highest proportion of adverse repercussions and economic, social, security and political impacts of climate change worldwide.

The president urged wealthy countries to provide the African continent with special treatment, especially through the  implementation of the Paris Agreements, given its strict conditions and ongoing challenges.

"I am confident that our summit's deliberations and outcomes will convey our political commitment to facing climate change and adapting to its negative impacts," he declared.

Comment
0
Comments
Post with no comments.