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Egypt venture capital firm for startups develops solutions to climate change

The Climate Resilience Fund targets nature-positive and sustainable projects that address mainly land and sea misuse.
In this file photo taken on Oct. 22, 2019, boats are pictured along the riverbank and off the water of the Nile River.

Two Egyptian partners with extensive experience as angel investors have launched a venture capital fund targeting pre-seeded startups, primarily from the Middle East and Africa, that develop nature-positive and sustainable solutions to address climate change. The Climate Resilience Fund (CRF) intends to have a strong presence in Egypt and is particularly interested in addressing problems related to land and sea misuse.

Land use plays a key role in greenhouse gas cycles, as its activities can either contribute to emitting them into the atmosphere or help remove them. The UN Intergovernmental Panel on Climate Change has warned that agriculture, forestry and other land uses account for about a quarter of greenhouse gas emissions originating in human activity. And in this context, both the UN Framework Convention on Climate Change and the Paris Agreement acknowledge the importance of land use in climate change mitigation.

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