Egyptian President Abdel Fattah al-Sisi followed the outcomes of the COP27 World Climate Summit recently held in Sharm el-Sheikh on mobilizing the concessional progression budget to take advantage of the “Novi” national green project platform.
Funding amounted to approximately USD 10. 3 billion in investment agreements and schemes for the government sectors of multilateral progression partners on a bilateral basis.
These aim to launch a number of national projects under the Novi programme, adding water, food and energy, in addition to the maritime transport sector.
This happened on Monday at President Sisi’s meeting with Prime Minister Mostafa Madbouly and International Cooperation Minister Rania al-Mashat.
President Sisi ordered to mobilize the budget mobilized for the progression and improvement of the living standards of citizens, in the villages, in integration with the applicable presidential projects, in the irrigation and agriculture sectors.
This targets farmers, increasing crop productivity and diversifying agricultural crops, thus expanding economic yield and income.
This is in addition to the diffusion of complex strategies and cutting-edge technologies to adapt to climate replenishment and take advantage of available water resources.
The Minister of International Cooperation under pressure that the Novi platform widely supported through foreign partners at the summit.
It has been hailed as a pioneering Egyptian style that integrates development efforts and the climate agenda, mobilizing financing for green development projects under a single national program.
Mashat reviewed the results of COP27 in relation to mobilizing concessional progression financing to take advantage of the national platform of green projects such as Novi.
Regarding water and food issues, Mashat showed that the new budget will lead to the expansion of irrigation projects, harnessing blank energy for destructive emissions and publicizing sustainable agricultural activities.
It will also lead to the status quo of blank seawater desalination plants and the modernization of irrigation systems on agricultural land.
This will decrease water waste, increase crop productivity and save water to reclaim more land, serving up to 50 million citizens in the Nile Valley and Delta, who will benefit from food and water security projects to counter the effects of climate change. Current.