WORLD Egyptian president urges developed countries to fulfill annual 100 bln USD pledge to face climate change


Egyptian president urges developed countries to fulfill annual 100 bln USD pledge to face climate change


07:26, November 02, 2021

CAIRO, Nov. 1 (Xinhua) -- Egyptian President Abdel-Fattah al-Sisi said on Monday that developed countries must fulfill their long-standing pledges to provide 100 billion U.S. dollars per year to developing countries to face climate change.

Egypt's President Abdel Fattah al-Sisi presents his national statement as part of the World Leaders' Summit of the COP26 UN Climate Change Conference in Glasgow, Scotland on November 1, 2021. (Photo: AFP)

"We are concerned about the gap between the available funding and the actual needs of developing countries as well as the obstacles that our countries face to have access to it," Sisi said during his speech at the 26th UN Climate Change Conference of the Parties (COP26) which is being held in Glasgow from Monday to Tuesday.

"Developing countries' implementation of their commitments to address climate change is conditioned by the amount of support they receive," Sisi stressed.

He noted that Egypt has initiated serious steps to apply a sustainable development model. "This model is aimed at lifting the share of government-funded green projects to 50 percent by 2025 and 100 percent by 2030," Sisi said.

Sisi said the African continent faces the most negative repercussions and economic, social, security and political consequences of the climate change crisis.

Therefore, Egypt calls for the need to provide the African continent with special treatment, especially within the framework of implementing the Paris Agreement, given its severe conditions and the challenges it faces.

"I am confident that our summit's deliberations and outcomes will convey our political commitment to facing climate change and adapting to its negative impacts," he said.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue