Mahmoud Mohieldin stated that the COP27 in Sharm El Sheikh came up with important initiatives to localize development and develop smart green cities.
Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda, has been elected as chairman of Middle East Economic Association (MEEA) that was established in the US in 1978.
Mohieldin stated that COP27 in Sharm El-Sheikh made many results in all fields of climate action.
He announced that the transitional committee that has been announced at the closing plenary on Sunday for the governance of the Loss and Damage Fund will implement its tasks in the coming few weeks and months.
Mohieldin also stressed the need to promote long-term investments to support investable and bankable projects, especially in sectors that are difficult to direct investents to, praising the concessional financing policies of the International Development Agency (IDA).
Dr. Mohieldin sent messages regarding the COP27, which is hosted by Egypt in Sharm el-Sheikh.
On adaptation, Mohieldin noted that a better job could be done in obtaining funding from the public and private sectors as well as domestic and external sources in order to advance the climate action agenda.
Mohieldin, the UN Special Envoy on Financing 2030 Sustainable Development Agenda, affirmed the need to exert more efforts in the file of adaptation and losses and damages by strengthening the participation of the private sector and cooperation with the insurance sector.
These statements came during Mohieldin's speech at a virtual session by UNCTAD on financing the global adaptation challenge with the participation of many specialists and representatives of relevant international organizations.
This came during his speech at the roundtable hosted by Cairo for a high-level group of experts concerned with preparing a report on climate finance.
His remarks came during his participation via video in the Benha University's first annual conference of humanities postgraduate studies, with the participation of Gamal Sousa, the university president, and a number of the university academics and officials.
He said, in this context, that a year of hard work awaits the Egyptians regarding the development and climate projects, adding that the green and smart projects initiative proves to the whole world the Egyptian effective contribution to the climate global effort through local projects.
This came during his speech at the 69th session of the World Health Organization Conference on the Eastern Mediterranean, in the presence of the Director-General of the World Health Organization, Dr. Tedros Adhanom Ghebreyesus, where the climate champion praised the cooperation between the organization and the Egyptian government as well as the United Nations.
Mohieldin confirmed that achieving Net Zero is not impossible, but it requires pragmatic approach, scientific applicable solutions, unifying regional and international efforts.
He also referred to the importance of promoting blended finance through public and private sectors, as well as strengthening the role of non-state actors.
This came during Mohieldin's speech at the Marrakesh Partnership meeting within the framework of New York Climate Week activities , where he stressed the need to enhance understanding and economic cooperation between different countries.
UN Climate Change High-Level Champion for Egypt Mahmoud Mohieldin said success in the 2022 UN Climate Change Conference (COP27) in Egypt next November requires the world to abandon a “siloed approach to climate action”.
Mohieldin is also the Executive Director at the International Monetary Fund and UN Special Envoy on Financing the 2030 Agenda for Sustainable Development.
Egyptian candidate Mahmoud Mohieldin was elected unanimously as the executive director of the International Monetary Fund (IMF) and, accordingly, an IMF board representing the country and Arab states.
Mohieldin discussed Egypt's situation amid the coronavirus crisis in an interview with nation branding platform Narrative Summit published in two parts on Wednesday and Thursday.