CAIRO: Tarek El-Molla, the Egyptian minister of petroleum and mineral resources, has met with Mark Bowman, the vice president of the European Bank for Reconstruction and Development, to enhance cooperation in reducing carbon emissions and promoting clean energy.
The two sides also covered global oil and natural gas prices — which are significantly rising due to several political crises — and reviewed the ongoing preparations for Egypt’s hosting of the COP27 World Climate Summit.
El-Molla stressed that Egypt is committed to international agreements for preserving the environment and reducing emissions, foremost of which is the Paris Climate Agreement, adding that Cairo has adopted an ambitious strategy that supports the transition to cleaner energy use by reducing carbon emissions as part of its “Egypt 2030” vision for sustainable development.
The minister said that…