Back to the complete issue
Thursday, 26 May 2022

COP27 in focus in the foreign press

COP27 dominates the conversation in the foreign press this morning: Egypt will remain impartial at this year’s summit to help mediate between developing and developed countries to reach a consensus on climate finance pledges, Wael Aboulmagd, special representative of COP27 president Sameh Shoukry, told Reuters. He reiterated Shoukry’s pledge earlier this week to allow climate activists to protest at the venue. "There are certain rules and we're working with the secretariat to ensure that if there are people who want to protest, they're entitled to do that, and it's done in a peaceful manner," he said.

Al Mashat + Maait talk COP: International Cooperation Minister Rania Al Mashat and Finance Minister Mohamed Maait talked to the Guardian about Egypt’s plans for the summit.

  • Al Mashat emphasized the importance of bringing in the private sector to contribute to the process, and said that the government’s focus for COP27 would be on implementing the pledges that haven’t been acted on. “For us, what we want this COP to be about is moving from pledges to implementation. And we want to highlight what are the practical policies and practices, the processes that can actually push the pledges [into action], to bridge that gap.”
  • Maait said that Egypt would push for commitments to simultaneously provide debt relief for the developing world and build climate resilience. “Most developing countries are in debt. Can we do something to engage those countries? Can we reduce this burden and assist them towards net zero?,” he said, reiterating calls for rich nations to step up funding to help the global south combat climate change.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.