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Asharq Al-Awsat

World

Cairo - Asharq Al-Awsat

Egypt to Mobilize Funding ‘Green Banks’ Ahead of COP 27 Summit

Egypt Mashat COP26 COP27 Climate Summit Glasgow

Egyptian Minister for International Cooperation, Rania al-Mashat speaks during an interview with Reuters in Cairo, Egypt January 24, 2021. REUTERS/Sherif Fahmy

Egypt has intensified efforts to mobilize financing for "green banks," in preparation for the COP27 Climate Summit, which it will host in Sharm el-Sheikh in late 2022.

Minister of International Cooperation Rania al-Mashat said that innovative financing tools are a catalyst to ensure that the international community’s commitments made at COP26 in Glasgow are implemented ahead of the next summit.

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