وزيرة البيئة والمدير الإقليمي لشمال إفريقيا بالوكالة الفرنسية للتنمية AFD يشهدان توقيع وثيقة مشروع تحويل

وزيرة البيئة والمدير الإقليمي لشمال إفريقيا بالوكالة الفرنسية للتنمية AFD يشهدان توقيع وثيقة مشروع “تحويل الأنظمة المالية للمناخ في مصر” (TFSC Egypt) وزيرة البيئة: المشروع لبنة هامة في بناء نظام تمويل المناخ في مصر وخطوة فارقة في العمل المناخي وتنفيذ الاستراتيجية الوطنية لتغير المناخ ٢٠٥٠ المدير . More The Minister of the Environment and the Regional Director of North Africa of the French Development Agency AFD witness the signing of the project “Transforming Financial Systems to Climate in Egypt” (TFSC Egypt) Environment Minister: The project is an important building block in building the climate financing system in Egypt and a milestone in climate action and the implementation of the national strategy for climate change ئة Regional Director of the French Agency for Development for North Africa: The agency offers 30 billion euros globally for climate financing and to contribute to the implementation of the Paris Agreement UNDP Resident Representative in Egypt: The project is an innovative partnership with the Egyptian government as a model to support the transformation of financial systems in other countries Dr. Yasmin Fouad, Minister of the Environment and Mr. Mateo Fassour, Regional Director for North Africa at the French Development Agency, AFD, have witnessed the signing of the project “Transforming Financial Systems to Climate in Egypt” (TFSC Egypt) between the Environment Agency, the Ministry of Foreign Affairs and the United Nations Development Programme, with a grant from 1 5 One million euros from the French Development Agency AFD, in the presence of Mr Alessandro Fracasetti, Resident Representative of the United Nations Development Program in Egypt, Mrs Clemens Vidal de la Blush, Qatar Director of the French Development Agency, AFD, Ambassador Yasser Abed, Assistant Minister of Foreign Affairs for International Development Cooperation, and Dr Ali Abu Sunnah Head of the Environmental Affairs Agency. Dr. Yasmin Fouad confirmed that the project is the product of work with development partners (French Development Agency and Green Climate Fund) over 6 years to lay an important brick in building the climate financing system in Egypt, which aims to help national banks adopt and implement climate change projects in several areas including new and renewable energy. The project will contribute to the driving of the national actions taken by Egypt over the past period in the climate change file and develop the relationship that the Ministry of Environment has started with national banks in the integration of environmental distancing, its projects to extend climate financing by helping them recognize climate risks, the difference between mitigation, adaptation, sustainable financing and climate financing, to Side by side the successes of the COP27 Climate Conference, the exit of the Losses and Damages Fund, the release of the National Climate Change Strategy 2019, the updated National Contribution Plan and Energy and Water Union projects, to balance adaptation and mitigation measures, the announcement of the first Green Climate Fund National Climate Investment Plan, and to cooperate with banks to contribute to climate financing. The minister sought cooperation with the Central Bank of Egypt to prepare a supportive climate to build a climate financing system in Egypt, encourage national banks to participate in climate financing, and among the most important decisions, commit all banks to establish climate specialized units by the end of April 2020, the project will help support the view of effective financing mechanisms and market applications from Play the banks and achieve green growth. The Ministry of Environment has been keen to play a more effective role in supporting the climate financing file, by announcing a new unit within the Ministry of Environment for Environmental and Climate Investment last month, aiming to receive new ideas in this area, create links between banks and investors and prepare a supportive climate to leverage the national strategy for change Climate المنا and helping entrepreneurs and young investors formulate climate investment ideas and projects, reducing credit risks for major climate projects, pointing to the support this project will provide to help the new unit and achieve further post-climate integration in banks and climate preparation for climate financing in Egypt, contributing to more investments Climate in Egypt The minister said that the project encourages national financial institutions to play a key role in increasing climate financing for local private investments, supporting them to develop their capacities to assess opportunities and challenges facing potential climate projects, contributing to increased financial investments in climate action in Egypt and strengthening Egypt’s capacity to achieve the goals of the agreement The United Nations Framework on Climate Change, by creating the Ministry of Environment measurement, reporting and verification system, and developing specialized units within ministries to facilitate a common exchange of understanding of challenges, opportunities, and maintaining the effectiveness and sustainability of the measurement, reporting and monitoring system. For his part, Mathew Fassour, regional director of the French Development Agency for North Africa, said that the agency aims to fulfill the Paris Agreement for more than 5 years, so the agency has agreed more than 30 billion euros globally for climate financing, with the adaptation quota increasing by more than 10 billion euros, following important discussions On Climate and Sustainable Financing during the climate conference COP27, expressed its happiness to launch the TFSC Technical Assistance Project, led by the Ministry of Environment, in partnership with the UN Development Program, as a landmark step for further future partnerships with the Ministry of the Environment, aiming to support the implementation of Egypt 2050 Climate Strategy, from By supporting more private investment in climate finance. “We are delighted to sign a new important project with the French Development Agency (AFD) and the Egyptian Ministry of Environment, where the French Development Agency and the UND Programme share the same goal of reconciliation between development and climate action, which will form a new important project, where the French development agency and the UNDP share the same goal, which will formulate development and climate action “The innovative partnership with the Egyptian government is a model to support the transformation of financial systems in other countries, improve the empowering environment and remove technical barriers to encourage private sector investment in climate change mitigation and adaptation measures.” “The trilateral cooperation between the Egyptian government, the French Development Agency and the United Nations Development Programme is a concrete and practical evidence of how the international community can join forces to support the transition to a low-carbon economy, and strengthen policies and capacities to benefit from both the public and private sectors, he added. Funding sources to accelerate climate action”. The project is a milestone in the climate change file, based on the decision of His Excellency the President of the Republic to ratify the grant of the simplified agreement between Egypt and the French Development Agency AFD, and the signing of a triple agreement at the end of 2020 between the French Agency, the Egyptian government and the United Nations Development Program for the implementation of the project, as the French Development Agency presents 1 5 €1 million to strengthen the Ministry of Environment’s capacity to implement a climate change strategy, encourage other stakeholders from the public and private sectors to implement climate-friendly strategies, and address challenges related to climate change, with choosing the UND Programme as the project execution destination is one of the building blocks of the Construction Co-operation.Translated from Arabic