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 European Parliament has approved two major financial assistance packages aimed at supporting Egypt and Jordan, endorsing loans worth €4 billion and €500 million respectively.
In celebration of Eid al-Fitr and the upcoming Sinai Liberation Day, Egyptian President Abdel Fattah El-Sisi has issued presidential decree granting a pardon to 2,777 prisoners, the Ministry of Interior announced on Tuesday.
Egypt is launching an ambitious plan to modernize 11 airports across the country, partnering with the private sector to boost services and economic returns without burdening the state budget.
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