EGYPT SIGNED US$15BILLION DEAL AT COP27 CLIMATE CONFERENCE

Egypt has signed agreements to carry out projects at a value of around US$15 billion at the recent United Nations climate conference (COP27), said Environment Minister Yasmine Fouad.

Speaking to the DMC TV channel, she reiterated that the projects inked at COP27, whose activities lasted until Saturday in Sharm El Sheikh, will be carried out to counter the negative impacts of climate change.

The minister highlighted the importance of the launch of the Africa waste 50 Initiative, which aims to raise the safe recycling rate of African waste to 50 percent by 2050.

The initiative is set to contribute to improving public health and creating further job opportunities, she said.

The minister also lauded Egypt’s successful organization of the COP27, noting that the political leadership works on enforcing recommendations of the conference.