African Development Bank to Collaborate with Egypt on Breakthrough UN Climate Change Conference

The African Development Bank has announced its plans to collaborate with Egypt to make the upcoming United Nations Climate Change Conference (COP27) a landmark event for people and the planet. Dr. Kevin Kariuki, the Bank's Vice-President for Power, Energy, Climate and Green Growth, will lead a delegation to Egypt for exploratory talks with government officials and international partners. The mission aims to build on the outcomes of COP26 and ensure the success of COP27, which is scheduled to take place in November 2022 in Sharm El Sheikh.

Key Takeaways:

• Dr. Kevin Kariuki, African Development Bank Vice-President for Power, Energy, Climate and Green Growth, will lead a delegation to Egypt for exploratory talks on COP27 collaboration.
• The delegation will meet with several ministers, including Dr. Rania Al-Mashat, Egypt's Minister of International Cooperation, and Dr. Yasmine Fouad, Egypt's Minister of Environment.
• The mission aims to build on the outcomes of COP26 and advance the Glasgow to Sharm-El-Sheikh work programme on the Global Goal on Adaptation.
• The African Development Bank has provided $1 billion in loans and investments to Egypt between 2007-2021 for mitigation and adaptation efforts.
• The Bank has financed over 105 projects with a value of $6.6 billion in Egypt since 1974, including infrastructure development, agriculture, and economic reforms.

Statistics:

• COP27 is scheduled to take place in November 2022 in Sharm El Sheikh, Egypt.
• The African Development Bank has provided $1 billion in loans and investments to Egypt between 2007-2021.
• The Bank has financed over 105 projects with a value of $6.6 billion in Egypt since 1974.
• Egypt's 2050 National Climate Change Strategy aims to showcase the country's pioneering initiatives for advancing green transformation.

Sources:

• African Development Bank Group.