{"id":555411,"date":"2021-11-14T04:00:04","date_gmt":"2021-11-14T04:00:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/as-cop26-winds-down-were-officially-named-as-next-years-climate-summit-hosts\/"},"modified":"2021-11-14T04:00:04","modified_gmt":"2021-11-14T04:00:04","slug":"as-cop26-winds-down-were-officially-named-as-next-years-climate-summit-hosts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/as-cop26-winds-down-were-officially-named-as-next-years-climate-summit-hosts\/","title":{"rendered":"As COP26 winds down, we\u2019re officially named as next year\u2019s climate summit hosts"},"content":{"rendered":"

<\/a> Egypt has officially been selected as host of the COP27 climate summit, <\/strong>which will be held in Sharm El Sheikh in November 2022, according to a statement<\/a> from the Environment Ministry. The decision was announced at the COP26 climate summit in Glasgow, which concluded yesterday. We had first gotten wind of Egypt\u2019s candidacy in September, after President Abdel Fattah El Sisi announced<\/a> that Egypt would bid to host COP27 and we were selected as the sole nominee<\/a> in October.<\/p>\n

COP27 will bring focus to Africa: <\/strong>The conference must be hosted by an African country in 2022, based on a regional rotation system. Next year\u2019s summit is seen as a chance for African nations to drive home their main message: that poorer countries, who are facing the sharp end of the consequences of climate change despite being least responsible for the situation we\u2019re all in now, need a serious helping hand if they are to adapt, mitigate risk, and meet ambitious net-zero goals. COP26 already saw tensions arise on this front after developed nations fell short of their pledge to provide USD 100 bn in aid annually<\/a> to aid developing countries\u2019 green transition.<\/p>\n

Our potential as a mediator between African and developed states<\/strong> on climate aid was touched on in a meeting between Environment Minister Yasmine Fouad and US Climate Envoy John Kerry in Glasgow, where Kerry congratulated Egypt on hosting next year\u2019s conference, according to a ministry statement<\/a>.<\/p>\n

Another sign that Egypt is fast becoming Africa\u2019s de-facto spokesperson on climate:<\/strong> UK Prime Minister Boris Johnson spoke on the phone with El Sisi as COP negotiations came down to the wire on Friday morning, according to a UK government statement<\/a>. The pair discussed the progress of negotiations and agreed that \u201ca final push was needed in the talks to drive progress across adaptation, mitigation and finance,\u201d with Johnson also acknowledging Egypt\u2019s role as a \u2018\u201cpositive force for climate action in the region.\u201d<\/p>\n

Multilateral climate fin<\/strong>ance<\/strong> loomed large for us as COP26 wrapped up: <\/strong>International Cooperation Minister Rania Al Mashat headed a high-level dialogue on climate finance in the final week of COP26, with the aim of kickstarting talks on an international framework to remove barriers to private-sector participation, according to a ministry statement<\/a>. The meeting was attended by representatives of the African Development Bank (AfDB), the International Fund for Agricultural Development, the European Bank for Reconstruction and Development, the World Bank, HSBC, and CIB, among others.<\/p>\n

And the private sector is a key partner:<\/strong> Al Mashat<\/a> and Planning Minister Hala El Said<\/a> both met separately with Stephen Moss, HSBC\u2019s CEO for the Middle East, North Africa and Turkey, to discuss green finance, according to ministry statements. At the top of the agenda were blended financing for green projects and encouraging private-sector commitment to ESG standards. Al Mashat also met with representatives of the AfDB to discuss support for local projects on adaptation. The ministry is currently working on a new five-year strategy for cooperation with the AfDB, the statement<\/a>added.<\/p>\n

What have we signed on to? <\/strong>Egypt is a signatory of the Paris Agreement and the updated COP26 pledge. But we haven\u2019t submitted any binding targets setting out specific emissions reductions, known as Nationally Determined Contributions in UN-speak. That said, the government is aiming to increase our renewable energy capacity to cover 42% of electricity needs by 2030, Oil Minister Tarek El Molla announced at COP26<\/a>, shortening the timeline for our clean energy transition by five years. The Environment Ministry also launched its 2050 climate strategy on the sidelines of the conference, though it was light on policy specifics and targets. And we did sign on to several agreements<\/a>, along with at least 22 other countries, to phase out the use of coal. Despite our high profile EV plans, Egypt did not sign on to a new COP26 agreement<\/a> between 24 governments and leading car manufacturers committing them to selling only zero-emission new vehicles by 2040 \u201cor earlier.\u201d<\/p>\n

And what will be our role moving forward?<\/strong> We should get a more concrete idea of what hosting COP27 will entail in terms of responsibilities come the spring, when a legally-binding document known as the Host Country Agreement (HCA) is set to be released, according to a 2020 UN guide for COP hosts (pdf)<\/a>. The HCA sets out the preparations and arrangements required from the host country for the conference, including budgets and staffing plans. Meanwhile, a clause included in the draft COP26 pledge that could have seen Egypt play a key role as COP27 host in deciding whether emissions reductions would be reviewed on an annual basis has been scrapped in the final version, according to Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has officially been selected as host of the COP27 climate summit, which will be held in Sharm El Sheikh in November 2022, according to a statement from the Environment Ministry. The decision was announced at the COP26 climate summit in Glasgow, which concluded yesterday. We had first gotten wind of Egypt\u2019s candidacy in September, […]<\/p>\n","protected":false},"author":1,"featured_media":555412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7545],"tags":[7098,7286,147,393,228,72,246,7085],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate","tag-africa","tag-climate","tag-climate-change","tag-cop26","tag-cop27","tag-enterpriseam","tag-green-economy","tag-un","wpautop","entry"],"acf":{"mongo_id":"a925d015-f57e-4886-9f6d-db7a15c76bd3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/434.jpg","photo_position":"above","related_issue":[555407],"teaser":"","voice_url":""},"yoast_head":"\nAs COP26 winds down, we\u2019re officially named as next year\u2019s climate summit hosts - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/as-cop26-winds-down-were-officially-named-as-next-years-climate-summit-hosts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As COP26 winds down, we\u2019re officially named as next year\u2019s climate summit hosts\" \/>\n<meta property=\"og:description\" content=\"Egypt has officially been selected as host of the COP27 climate summit, which will be held in Sharm El Sheikh in November 2022, according to a statement from the Environment Ministry. 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Shoukry, who will lead the government\u2019s efforts on COP27, made the comments during a meeting of a\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555921,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/egypt-nominated-to-host-cop27\/","url_meta":{"origin":555411,"position":2},"title":"Egypt nominated to host COP27","author":"enterpriseam admin","date":"3 October 2021","format":false,"excerpt":"Egypt has been selected as the nominee to host the COP27 UN climate conference, which is scheduled to take place next year, US Climate Envoy John Kerry said yesterday, according to Reuters. The Conference of the Parties (COP) \u2014 countries that had signed the United Nations Framework Convention on Climate\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543961,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/our-very-own-net-zero-target-for-cop27-plus-remittances-up-again\/","url_meta":{"origin":555411,"position":3},"title":"Our very own net-zero target for COP27? Plus: Remittances up again.","author":"enterpriseam admin","date":"27 February 2022","format":false,"excerpt":"Egypt could announce its first net-zero target during COP27: Egyptian authorities may announce a net-zero carbon emissions target at November\u2019s COP27 climate summit in Sharm El Sheikh, Oil Minister Tarek El Molla told Bloomberg TV (watch, runtime: 8:51). The government has pledged to expand renewable capacity to cover 42% of\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544702,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/shoukry-holds-climate-talks-with-malaysian-environment-minister\/","url_meta":{"origin":555411,"position":4},"title":"Shoukry holds climate talks with Malaysian environment minister","author":"enterpriseam admin","date":"16 March 2022","format":false,"excerpt":"Climate change adaptation and climate finance for developing countries were at the top of the agenda in a COP27-focused meeting between Foreign Minister Sameh Shoukry and Malaysian environment minister Tuan Ibrahim Tuan Man, according to a cabinet statement. Shoukry was in Kuala Lumpur as part of an Asian tour that\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547144,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/we-are-now-officially-responsible-for-cop27\/","url_meta":{"origin":555411,"position":5},"title":"We are now officially responsible for COP27","author":"enterpriseam admin","date":"9 June 2022","format":false,"excerpt":"We\u2019ve officially been passed the COP baton: Foreign Minister COP27 President-Designate Sameh Shoukry signed the COP27 Host Country Agreement with UN climate executive secretary Patricia Espinosa while attending meetings with members of the Group of 77 developing countries and China at a UN climate conference in Bonn (watch, runtime: 0:29).\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555411"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555411\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555412"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555411"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555411"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}