Egypt's Prime Minister outlines country's progress in renewable energy
The country's authorities plan to increase the share of renewable energy to 42 per cent by 2030
Egyptian Prime Minister Mostafa Madbouly participated in the roundtable “Energy: Enhancing Climate Change Mitigation Measures” at the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) in Baku.
He noted that the country's leadership is working hard to achieve the ambitious goal of increasing the share of renewable energy in the country's energy mix to 42 per cent by 2030.
"We started by issuing a distinctive feed-in tariff for electricity, through which we were able to attract a lot of private investments. We also implemented a huge program to reform subsidies in order to increase the competitiveness of renewable energy," he said.
He also called on the conference participants to support developing countries in implementing measures to combat climate change. This is reported by Daily News Egypt, a partner of TV BRICS.
COP29 kicked off in Azerbaijan on 11 November. At the meeting, representatives from over 100 countries discuss the fight against global warming, focusing on climate finance for countries in the global South.
Photo: iStock
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