A financing scheme that draws on funding from Western donors to help developing countries shift to cleaner power generation could be mirrored for heavy industries and other hard-to-abate sectors, Egypt's climate champion said.
Mahmoud Mohieldin
A financing scheme that draws on funding from Western donors to help developing countries shift to cleaner power generation could be mirrored for heavy industries and other hard-to-abate sectors, Egypt's climate champion said.
Extending a Just Energy Transition Partnership (JETP) structure to sectors including steel, aluminium, cement and fertilisers made sense because of new European Union rules that would otherwise penalise developing world exporters, U.N. Climate Change High-Level Champion Mahmoud Mohieldin said in an interview.
The Democratic Republic of Congo (DRC) has agreed to ship copper to Saudi Arabia and the United Arab Emirates under a new, US-backed partnership aimed at weakening China’s grip on global supplies of critical minerals.
Lebanon holds one of the largest gold reserves in the Middle East. Now, as the country sinks deeper into economic collapse, officials are quietly debating whether that stockpile could help stabilize a shattered financial system, a move that remains politically toxic and legally constrained.
Israel reopened the border between Gaza and Egypt on Monday for a limited number of people on foot, allowing a small number of Palestinians to leave the enclave and some of those who escaped the war to return for the first time.
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