Dr. Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda, said that The National Initiative for Smart Green Projects (NISGP) in Egypt is a model for catalyzing climate and development action at the local level.
This came during his participation in a session entitled “The National Initiative for Smart Green Projects: The Role of Smart Green Projects in Accelerating the Sustainable Energy Transition”, with the participation of Ambassador Hisham Badr, Assistant Minister of Planning and Economic Development for Strategic Partnerships, Excellence and Initiatives and General Coordinator of the Initiative, Alessandro Fracassetti, UNDP Resident Representative in Egypt, Mohammed Al Suwaidi, Chairman of the Board of Directors of the Federation of Egyptian Industries, and Ambassador Nada Al Ajizi, Minister Plenipotentiary and Director of the Department of Sustainable Development and International Cooperation at the League of Arab States.
Mohieldin said that the initiative is an embodiment of one of the goals of COP27 in Sharm El Sheikh, which is to strengthen the local aspect of climate and development action, in which the initiative succeeded by involving all local actors and diversifying the categories of projects participating in the initiative competition.
He stated that the direct auspices of President Abdel Fattah El-Sisi, the support by Dr. Mustafa Madbouly, Prime Minister, and the collective work of the concerned ministries, governorates and local entities, resulted in about 12,000 projects within two years that draw an investment map in all governorates of Egypt.
During his participation in the “Africa Investment Leaders Summit,” Mohieldin stressed that the Regional Platforms for Climate Projects (RPCP) initiative has resulted in a number of climate projects in Africa that represent promising investment opportunities.
He said that the initiative aimed to find investable, bankable and implementable climate projects in developing countries and emerging markets, which the initiative succeeded in by reaching more than 400 projects around the world.
The climate champion stated that the initiative has become a model for partnerships and collaborative work between governments, the private sector, IFIs and MDBs, stressing the need to mobilize funding and provide technical assistance for these projects, and contribute to developing regulatory frameworks that stimulate climate action.
