Thursday, April 15, 2021

Al-Mashat: Increasing the use of renewable energy to generate electricity to 20% ؜ by 2022, in order to enhance the green recovery

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The Minister of International Cooperation, Dr. Rania Al-Mashat, emphasized that the recovery from the pandemic in Egypt is based on many pillars. Among the most important of these are the green recovery and the strengthening of private sector participation.

She explained that the energy sector is also considered one of the most important sectors that have witnessed sustainable changes, as Egypt launched the Sustainable Energy Strategy 2035, through which it aims to increase the proportion of renewable energy from the total energy generated in the country to 20% of electricity from renewable sources by 2022, and 42 % By 2035.
This came during its participation in the OECD Ministerial Conference for the Middle East and North Africa, which it organized in cooperation with the Tunisian government, on “designing a roadmap for recovery in the Middle East and North Africa” to discuss ways to recover from the epidemic; With the participation of Marta Blanco, President of the Spanish Federation of Business Organizations.

Dr. Rania Al-Mashat, Minister of International Cooperation, said that the years 2020 and 2021 represented a challenge to world leaders who were in a difficult situation due to the health, social and economic impacts of the epidemic, noting that despite this, the epidemic was a strong motivation for the world to strengthen multilateral cooperation and unite in the face of the epidemic, Putting sustainability at the forefront of recovery strategies, to build back better for a greener and inclusive digital future.

The Minister of International Cooperation added that the concept of sustainable recovery may take time, but through a more sustainable strategy based on multilateralism and the participation of the private sector in development efforts, it is possible for the world to take confident steps towards a more sustainable future.

Al-Mashat said that the Arab Republic of Egypt is working to achieve the National Development Agenda 2030, through clear visions and strategies, and plays an effective role in regional development across Africa and the Middle East, and at the international level, Egypt is working to strengthen cooperation with international institutions and multilateral and bilateral development partners to accelerate The pace of implementation of the Sustainable Development Goals by 2030.

Egypt aims to become a regional hub for startups. The Ministry of International Cooperation co-chairs the Misr Entrepreneurship and Investment Company, a business accelerator that works to support entrepreneurs and develop innovation. The company invests in investment funds for emerging companies, incubators and business accelerators, and its focus is not on a single sector. Rather, it aims to expand into many sectors, including health, financial technology and agribusiness.

It also seeks to promote digitization and innovation through new smart cities, and the new administrative capital is a vivid example of the government’s commitment to pushing digital transformation through multilateral and bilateral partnerships in addition to partnerships with the private sector.

Al-Mashat touched on the role the Ministry plays to enhance cooperation with Arab countries through joint committees, as it recently held the joint Egyptian-Jordanian Higher Committee meetings in its twenty-ninth session, which concluded its work last March, with the signing of seven memoranda of understanding and joint agreements in various fields to enhance joint cooperation between The two countries are in the sectors of energy, infrastructure, communications and information technology.

The Minister of International Cooperation affirmed that recovery and development plans at the local and regional levels enhance multilateral cooperation. She pointed to the role played by the Ministry of International Cooperation in agreeing on development funds worth $ 9.8 billion in 2020.

She stressed the importance of the transparency and governance approach in increasing the effectiveness of development plans, and for this, the Ministry of International Cooperation, through the principles of economic diplomacy, works to advance international partnerships to achieve sustainable development, based on three principles, namely the joint coordination cooperation platform, through which the Ministry seeks to bring the parties together. Relevant development partners and government agencies at one table to achieve effective and efficient communication and study of development priorities, and secondly, matching development funds with the UN Sustainable Development Goals, which is the first match of its kind for the current portfolio with the sustainable development goals; Third, it narrates international partnerships, through which successful partnerships and development stories are promoted within the framework of three axes: the citizen, the focus of attention, the ongoing projects, and the goal is the driving force.

Source: A.A.A.

The article Al-Mashat: Increasing the use of renewable energy to generate electricity to 20% ؜ by 2022 in order to promote green recovery, it was written in Al-Borsa newspaper.

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