COP27 presents Egypt financing opportunities for sustainable development

Egypt is considering dozens of national green and sustainable development projects as part of the government’s plan to adapt to climate change and switch to green sustainable development, as it prepares to host the UN Climate Change Conference.
A guest walks in the lobby of Al-Masa Hotel during an African Ministers of Finance Economy and Environment Meeting for the COP27 climate summit, at the New Administrative Capital, east of Cairo, Egypt, Sept. 7, 2022.
A guest walks in the lobby of Al-Masa Hotel during an African Ministers of Finance Economy and Environment Meeting for the COP27 climate summit, at the New Administrative Capital, east of Cairo, Egypt, Sept. 7, 2022. - Khaled Desouki/AFP via Getty Images
ayah aman.jpg
Ayah Aman
@ayahaman

CAIRO — Ahead of the United Nations Climate Change Conference 2022 (COP27) that Egypt is hosting in November, the government is considering selecting 18 national green and sustainable development projects out of 6,281 projects competing in the National Initiative for Green and Sustainable Development to benefit from international or regional funding. The move falls within the scope of the government’s plans to expand implementation and obtain adequate funding for climate adaptation and green sustainable development projects.

Egypt aims to implement these projects in tandem with hosting COP27 in an attempt to fulfill the climate change-related international commitments as per the Paris Agreement.

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