EBRD strongly supports Egypt’s NWFE Programme for COP27 – president

By Fatma Ibrahim On Sep 7, 2022

Odile Renaud-Basso EBRD — Odile Renaud-Basso, the first female president of the the European Bank for Reconstruction and Development (EBRD)

European Bank for Reconstruction and Development (EBRD) strongly supports and backs Egypt’s Nexus on Water, Food and Energy Programme for COP27, said EBRD president Odile Renaud-Basso on Wednesday.

The Egyptian Red Sea resort of Sharm El-Sheikh is hosting the COP27 United Nations Climate Change Conference on 6 – 18 November 2022.

“We welcome the goal of the International Cooperation Forum, and we strongly support Egypt’s Nexus on Water, Food and Energy Program for COP27. We are proud that the EBRD is leading the energy pillar of this programme, supporting Egypt’s green energy transition, ” said Renaud-Basso in a statement ahead of meeting with Egyptian President Abdel Fattah al-Sisi and her participation in the International Cooperation Forum (ICF) in the country’s new administrative capital.

During the forum, Renaud-Basso will also meet Egyptian Minister of International Cooperation and EBRD Governor Rania Al-Mashat, as well as Minister of Finance Mohamed Maait.

She will speak during the opening session and at the roundtable Egypt Country Platform for the NWFE Programme – The Energy Pillar, organised jointly by the Ministry of International Cooperation and the EBRD.

“Egypt is an energy superpower for the new world emerging from the green transition. This creates huge opportunities to shift away from reliance on gas and to open up new industries such as desalination, green hydrogen, green fertiliser or green steel, ” Renaud-Basso added.

The EBRD delegation at the forum will include Vice President for Policy and Partnership, Mark Bowman; Vice President for Finance, Soha el Turky; Managing Director for Climate Strategy and Delivery, Harry Boyd-Carpenter; Managing Director for Sustainable Infrastructure, Nandita Parshad; Managing Director for the Southern and Eastern Mediterranean Region, Heike Harmgart; and Director for Egypt, Khalid Hamza.

Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the Bank has invested close to €10 billion in 152 projects across the country.