Egypt’s Minister Calls for More Climate Finance, COP28 President Questions Fossil Fuel Phase-Out ...Egypt

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Egypt’s Minister of Environment Yasmine Fouad emphasized the urgent need for significantly increased climate change adaptation funding, in comments made during a high-level Global Stocktake event at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) on 2 December, while COP28 President Sultan Al Jaber’s leaked remarks challenging the scientific basis for phasing out fossil fuels stirred controversy. Fouad stated that developing countries require USD 160 billion (EGP 4 trillion) annually, a considerable increase from the current USD 22 billion (EGP 600 billion) provided. The minister highlighted the need to expedite debt management mechani

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Egypt’s Minister Calls for More Climate Finance, COP28 President Questions Fossil Fuel Phase-Out ...Egypt

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