Skip to main content

Egypt climate envoy sees international funds helping developing industries decarbonise

1 min Mena Today

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

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.

 

Tags

Related

Palestine

Israeli authorities halt Arab delegation’s visit to Ramallah

Israel will not allow a planned meeting in the Palestinian administrative capital of Ramallah, in the occupied West Bank, to go ahead, an Israeli official said on Saturday, after media reported that Arab ministers planning to attend had been stopped from coming.

Subscribe to our newsletter

Mena banner 4

To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.

  • Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.

  • Analytics cookies help us to improve our website by collecting and reporting information on its usage.

  • We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.