Logo for print Skip to main content

Egypt Flies the Green Flag Ahead of COP27’s Arrival in Cairo

Bracewell’s Ade Mosuro recently discussed with Energy Voice the upcoming COP27, which will take place in Egypt this coming November.

Mosuro said COP27 would aim to build on the outcomes of COP26 in Glasgow. The Cairo meeting “is expected to focus on establishing legally binding commitments for developed countries to reduce greenhouse gas emissions and priority issues in developing countries, such as agricultural adaptation strategies to climate change.”

He also noted that COP27 would give the Egyptian government an “opportunity to sell Egypt as a perfect market for the development and investment in renewable energy technologies and projects.” Mosuro described Egypt as a “buoyant location” for renewable energy projects over the last five years.

“The government seeks to capitalise on the investment momentum ahead of COP27 by establishing the Suez Canal Economic Zone as a regional green energy hub,” Mosuro added. “We understand that companies have inked US$10 billion worth of preliminary agreements for green ammonia and hydrogen projects in Ain Sokhna in the past three months alone — and it is expected that more activity will follow.”

Click here to read more from Energy Voice.