CAIRO — During the second day of the COP-27 conference on climate change in Sharm el-Sheikh, several events debated the strictest measures capable of tackling global warming, as heads of state shared the their countries’ experiences with clean energy.
An opening ceremony was held in the Blue Zone, where all negotiations between Heads of State are to take place. Three round tables addressed food security, just transition and innovative financing for climate and development.
Six roundtables on climate change are scheduled over two days.
During today’s sessions, Egypt launched the first phase of the first green hydrogen production project in the Suez Canal Economic Zone.
President Abdel-Fattah al-Sissi said he was delighted with the project, which will be implemented in cooperation with Norwegian energy giant Scatec. Green hydrogen, he said, “represents a real opportunity for economic development compatible with efforts to combat climate change and the objectives of the Paris Agreement”.
In an exclusive statement to Al-Monitor, Electricity Minister Mohamed Shaker explained the details of the Egyptian Memorandum of Understanding for a major wind energy project between the Egyptian electricity transmission company, the New and Renewable Energy Authority and the Norwegian company Scatec-ASA.
Shaker explained that Scatec ASA and the project company, which will be established in Egypt, will be authorized to carry out the necessary preliminary technical studies and manage the measurements of the land to establish the project, which has a capacity of five gigawatts.
Up to 16 memorandums of understanding will be signed in the area of green hydrogen production on the sidelines of the climate summit, Shaker said.
The minister also said that Egypt and Saudi Arabia are implementing a power exchange project between the two countries, and an agreement was signed today to invest Saudi capital in the establishment of power plants. of renewable energy capable of producing 1,100 megawatts. Egypt aims to increase its renewable electricity supply to 42% by 2035.
Alongside the COP27 sessions, the activities of the World Youth Forum took place at the Roman Theater of the Green Zone. Today, the “Shabab Balad” initiative organized a joint discussion between UNICEF and the International Labor Organization to improve the skills of young people and promote green jobs, while focusing on Egyptian initiatives in this area .
Environmental activists of several nationalities organized a demonstration under the slogan “vegetarianism is the solution”. Another protest today at the main entrance to the blue zone called for environmental rights and an end to meat consumption, as meat has a high carbon footprint.
The conference will take place from November 6 to 18 in Sharm el-Sheikh under the chairmanship of the Egyptian State. The conference brings together the countries of the world to work in accordance with the Paris Agreement and the United Nations Framework Convention on Climate Change.