Climate forum ahead of COP27 kicks off in Egypt
On Sunday 11 Sep, the “Environment and Development 2022; The Road to Sharm El-Sheikh COP27” forum began in Egypt. The forum is being organized by the Arab Water Council under the patronage of the Ministry of Foreign Affairs, in cooperation with the Ministry of Environment. It will last until the 13th of September 2022.
Over 50 speakers met to discuss climate change adaptation and mitigation, and to cover the key themes; water resources, biodiversity and oceans, agriculture and food security, climate cross cutting issues, solutions & tools, energy and sustainable growth and cities.
The sessions for the Climate Change COP27 witnessed an outstanding attendance, as visions and initiaives on improving collaboration amongst decision-makers and environment and sustainable development experts took centre stage.
Professor Mahmoud Abu-Zeid, the head of the Arab Water Council stated that: "We hope to promote a better understanding of the management of water resources in our region during the EDF 2022 Forum and how a scientific approach and awareness can help us achieve good water governance.
Our role is to highlight water resource management challenges and address why sustainable development is critical for the survival of the human race. We need strategies, roadmaps and technologies that address environmental issues, and we hope that knowledge-sharing at the Forum will help us all achieve new milestones."
During his speech, he called for financial support for the "Green Fund" and achieving a balance of funding between adaptation and mitigation projects for projects related to achieving the sixth goal of the sustainable development goals that are more economically and socially related to the first and second goals related to combating poverty and hunger.
He reiterated the need for global policies and regional policy frameworks to support the shift from reactive to proactive drought management.
Mohamed Abbas Fayed, cheif executive officer and managing director at FABMISR, commented on FABMISR’s Banking Sponsorship and participation as saying: “We’re delighted to be participating in a forum that gathers industry experts and leading corporations to explore ways of integrating sustainability and green finance into business operations; all with an aim to reduce global warming and pollution, enhance energy and resource efficiency, and prevent the loss of biodiversity and ecosystem services.”
As FABMISR is a strong supporter of driving the green transformation, in Egypt and beyond, Fayed stressed that banking sector plays a pivotal role in providing and facilitating green bonds and green financing.
The event registers 800 participants from over 30 countries committed to driving change, reducing their carbon emissions and building more sustainable futures for their business.