CAIRO/MUNICH, Feb 14 (MENA) – Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty reviewed Friday Egypt’s efforts to strike a balance between economic growth and green transition during a meeting with EU Commissioner for Environment, Water Resilience and a Competitive Circular Economy Jessika Roswall in Munich.
The minister noted that Egypt had launched its first regulated Voluntary Carbon Market (“VCM”) last year, a significant milestone which marks a key step in Egypt’s efforts towards environmental and economic sustainability.
Abdelatty welcomed recent efforts to refine Egypt-EU relations under the EU-Egypt Strategic and Comprehensive Partnership agreement signed in March, by strengthening cooperation in six areas of mutual interest, especially renewable energy and water resilience.
Briefing the EU official on Egypt’s efforts to become a regional hub for renewable energy trading, production, and distribution, Abdelatty touched on the contracts Egypt has signed recently for some green hydrogen and green ammonia production projects.
Abdelatty also applauded the signing of a joint declaration on water by Egypt and the EU on the margins of the COP28 climate conference in Dubai, a significant step towards greater environmental cooperation on the long run.
He also discussed prominent outcomes of the 29th UN Climate Change conference (COP29), held in Baku, Azerbaijan, in November
The meeting between the two officials took place on the sidelines of Munich Security Conference. (MENA)
