Page 8 - Egypt

Energy colonialism, climate reparations: COP27 and key concepts to know

As countries come together at COP27 to take actions on the collective goals under the Paris Agreement and Convention in Egypt, here are the key concepts you must know about

What is COP27, and what issues are expected to be discussed at the summit?

Among other top agendas is the discussion on compensating the poor or developing nations for the 'loss and damage' due to climate change

UN climate summit opens in Egypt, India focuses on climate finance

The United Nations' climate change summit opened in Egypt on Sunday with India hoping for substantial progress in discussions on climate finance. The 27th edition of the Conference of Parties (COP) to UNFCCC will see India seeking clarity on the definition of climate finance -- whether it is grants, loans or subsidies -- and nudging developed countries to enhance the supply of technology and finance needed to address climate change and resulting disasters. The absence of a definition of climate finance allows developed countries to greenwash their finances and pass off loans as climate-related aid. Officials said India will counter any effort to classify loans as climate finance. India will also emphasise that it is one of the few countries which has met the 2015 climate goals set in Paris, and stress on climate justice and sustainable lifestyles through Prime Minister Narendra Modi's LIFE movement which stands for "Lifestyle for Environment". At this year's conference, developed .

Loss & damage funding makes it to COP27 agenda for the first time ever

Countries agree to 20-point agenda ahead of climate negotiations in Egypt

COP27 climate summit: What India can expect at UNFCCC meet in Egypt?

UN summits - climate change conference in Egypt and biodiversity summit in Canada to which India is a crucial Party- are considered to be pivotal moments in global efforts to address global warming

Climate negotiator seeks evidence-based talks on Africa at COP27 summit

The rise in multiple extreme weather events in Africa calls for a coordinated approach for evidence-based negotiations at the COP27 in Egypt, a climate negotiator said

COP27: Host resort town gives Egypt tight grip over climate protests

With turquoise seawaters and rich coral reefs, Egypt's resort town of Sharm el-Sheikh is a picturesque location for this year's United Nations global summit on climate change, known as COP27. But behind postcard-perfect appearances, it's a tightly controlled fortress on the Red Sea. Climate activists say the restrictions will discourage protests that have been a way for the public to raise their voices at past summits. Many working in tourism have been sent home; those who stayed need special security cards. Vacationers have been turned back at security checkpoints surrounding the town. Hotel rates have increased tenfold, pricing out many. Local workers are prevented from speaking freely with visitors. In a country where protests are virtually banned, the government has set up a specific venue for climate protests except no one is quite sure where it is. Notifications are required 36 hours in advance. Egypt's Foreign Ministry did not respond to requests for comment. In past ...

Over 120 leaders at climate talks; 'activists will get space', says Egypt

More than 120 world leaders will attend this year's US climate talks and requests by environmental activists to stage a rally during the event would be responded to positively, host Egypt said on Friday. Veteran diplomat Wael Aboulmagd, who heads the Egyptian delegation, told reporters that his country had been working for months to set the scene for meaningful outcomes" at the two-week meeting in the Red Sea coastal resort of Sharm el-Sheikh starting Sunday. We have, I think about 121 maybe, and the number is growing, heads of state and government here, he said during an online briefing. We hope that it will be a watershed moment. Leaders like US President Joe Biden and British Prime Minister Rishi Sunak confirmed their attendance, but Aboulmagd said other major heads of state like China's Xi Jinping and India's Narendra Modi will not be going. Aboulmagd said recent scientific reports highlighted the urgency of tackling global warming. Everyone is now aware of the gravity of the .

War fallout, aid demands overshadow climate talks in Egypt next week

When world leaders, diplomats, campaigners and scientists descend on Sharm el-Sheikh in Egypt next week for talks on tackling climate change, don't expect them to part the Red Sea or other miracles that would make huge steps in curbing global warming. Each year there are high hopes for the two-week United Nations climate gathering and, almost inevitably, disappointment when it doesn't deliver another landmark pact like the one agreed 2015 in Paris. But those were different days, marked by a spirit of cooperation between the world's two biggest polluters the United States and China as well as a global realisation that failure to reach an agreement would put humanity on a self-chosen track to oblivion. This November the geopolitical tiles have shifted: a devastating war in Ukraine, skyrocketing energy and food prices, and growing enmity between the West on the one hand and Russia and China on the other make for difficult conditions at a gathering that requires cooperation and ...

COP27: All eyes on Egypt to steer climate finance towards adaptation

With the summit happening amid Ukraine war and recession fears, budget cuts for climate are apprehended as nations use money to secure energy and development aid shifts towards humanitarian projects

UK PM Rishi Sunak criticised for planning to skip UN climate summit

Rishi Sunak's decision to skip the upcoming Climate Summit in Egypt and the government preventing King Charles III from attending it has been criticised by many across the world who have accused the new UK Prime Minister of washing his hands of Britain's commitment to tackle the climate crisis. COP27 will take place in Sharm el-Sheikh, in Egypt, from November 6 to November 18 -- finishing the day after Chancellor Jeremy Hunt is due to set out the UK's tax and spending plans. Downing Street in a statement last week has said that Prime Minister Sunak is no longer expected to attend the COP27 climate summit in Egypt due to other pressing commitments, including preparations for the autumn statement. The UK will still be represented by other senior ministers, as well as by COP26 President Alok Sharma, at the climate summit, it said, adding that "the government is absolutely committed to supporting COP27 and leading international action to tackle climate change and protect nature. Earlie

India open to business, focused on working with Egypt: S Jaishankar

External Affairs Minister S Jaishankar said on Sunday that India is not only open to business but also focused on working with Egypt to see what the two countries can make through their cooperation in the region and at the global level. Jaishankar, who is here on his maiden official visit at the invitation of his Egyptian counterpart Sameh Shoukry, made the remarks while addressing a meeting of the India-Egypt Business Forum in Cairo. "My message to you today is not just that India is open to business, but that India is specifically focused on working with Egypt to see what difference we can make through our mutual benefit in the region and at the global level," he said. Noting that after the COVID pandemic not everybody has recovered to the same degree, he said, "we are at the more optimistic end of the spectrum. There is a great appetite for doing business not just at home but going abroad." The event was attended by a wide representation from chemicals, manufacturing, fertilizer

India committed to COP27 under Egyptian presidency: Jaishankar to Prez Sisi

External Affairs Minister S Jaishankar on Sunday held discussions with Egyptian President Abdel Fattah El-Sisi and highlighted India's commitment to the success of COP27 under the Egyptian presidency

Jaishankar discusses bilateral ties, Ukraine with Egyptian counterpart

External Affairs Minister S Jaishankar met his Egyptian counterpart Sameh Shoukry here on Saturday and the two leaders discussed a range of issues including the Ukraine conflict and the Indo-Pacific and exchanged views on boosting bilateral ties and how to create a more resilient global economy. Jaishankar is in Egypt on a two-day visit at the invitation of his Egyptian counterpart Shoukry. A warm and productive meeting with FM Sameh Shoukry of Egypt. Reflected our deep-rooted ties as we mark 75 years of diplomatic relations this year, he said in a tweet. As states active in shaping global debates, discussed developments in our regions and exchanged views on the Ukraine conflict and Indo-Pacific. A polarised world needs independent thinking and voices of reason, he said in another tweet. Jaishankar said India and Egypt's cooperation in multilateral forums remains robust and welcomed Egyptian participation in G20 next year and in BRICS New Development Bank and the Shanghai Cooperati

Jordan, Egypt agree to raise cooperation in mining, petrochemicals, energy

Jordan and Egypt have agreed to increase their exchange of expertise in the fields of mining, petrochemical industry, oil and natural gas, according to a statement by Jordan's Ministry of Energy

Hotels, tour operators shed Covid baggage as Diwali promises to sparkle

Group tours at 65-70% of pre-pandemic levels; Southeast Asia, Egypt, and Turkey seeing maximum demand

Some 4.9 million tourists visit Egypt in first six months of 2022

Hotel occupancy during first half of 2022 was 52.6 million nights, a 63.65% rise compared to 32.2 million nights in first half of 2021, said the Central Agency for Public Mobilization and Statistics

Rajnath Singh holds talks with Egyptian counterpart to expand defence ties

Defence Minister Rajnath Singh, who is on a three-day visit to Egypt met with its Defence Minister, General Mohamed Zaki on Tuesday in Cairo

Egypt to raise Suez Canal transit fees for ships in 2023: Authority

Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world's most crucial waterways. The Suez Canal Authority said in a statement on Saturday that it will add 15% to the fees for tankers carrying oil and petroleum products, and 10% for dry bulk carriers and cruise ships. The authority's chief, Osama Rabie, said the hikes, which will take effect on Jan. 1, are inevitable and a necessity. He blamed booming global inflation rates, which have increased the cost of the waterway's operations, maintenance, and maritime services. About 10% of global trade, including 7% of the world's oil, flows through the Suez Canal, a major source of foreign currency to Egypt, the most Arab populous country with over 103 million people. Egypt has faced towering economic challenges and is running low on foreign currency needed to buy essentials such as grain and fuel. Authorities said 20,649 vessels passed through the c

Egypt, Qatar sign 3 MoUs in Doha to boost cooperation: Egyptian presidency

Egypt and Qatar signed three memoranda of understanding (MoUs) in Doha, the Egyptian presidency said in a statement.