Egypt has signed projects worth $15 billion at COP27; environment minister says

Egypt has signed agreements to carry out projects worth around $15 billion at the recent UN climate summit COP27 that took place in Sharm El-Sheikh, said Environment Minister Yasmine Fouad on Monday.

Speaking to DMC TV channel, Fouad further said that the projects inked at COP27 would be carried out to counter the negative impacts of climate change.

She shed the light on the importance of the launch of Africa Waste 50 Initiative, which aims to raise the safe recycling rate of African waste to 50 percent by 2050. The initiative is set to contribute to improving public health and creating more job opportunities, the minister added.