At COP29 in Baku, Egyptian Prime Minister Mostafa Kamal Madbouly emphasized the need for focused climate action, calling for solidarity, financial support for developing nations, and the acceleration of Egypt's green transformation projects aiming for 48% renewable energy by 2030.
At COP29 in Baku, Egyptian Prime Minister Mostafa Kamal Madbouly stressed the need for focused action on climate change.
"Egypt has unstintingly called for strengthening the principles of solidarity, consensus, and negotiation that take into account the differences among countries and disparities as recalled in the Paris Agreement. Egypt seeks to ensure that there is an overall national process that takes into account environmental aspects. And we've launched a strategic initiative for 2030 and green transformation projects, as well as projects based on strengthening partnerships for producing renewable sources, so that by 2030 it amounts to 48 percent" noted the prime minister.
Madbouly also addressed the financial burden faced by African nations, noting that some allocate up to 5% of their GDP to combat climate change. "This conference behoves us to guarantee funding for the developing countries," he emphasized, underscoring the urgency of financial support.
He reiterated Egypt’s commitment to climate action, stating, "Egypt has unstintingly called for strengthening the principles of solidarity, consensus, and negotiation," and highlighted Egypt's green transformation projects aiming for 48% renewable energy by 2030.
Madbouly also urged developed nations to take more responsibility, calling for "contingency funding" to replace short-term loans. He concluded with optimism, saying, "We are confident we will meet our expected aspirations," and offered his support to the Azerbaijani presidency for driving progress on climate goals.
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Samsung Electronics and its South Korean union have narrowed some differences, a mediator in their talks said on Tuesday, as pressure mounts from the government and business groups to avert an imminent and damaging lengthy strike.
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