Economic Growth Should Be Accompanied by Transitioning to Green Economy: MohieldinSource: www.export-egypt.com 10/11/2022, Location: Africa |
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UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda Dr Mahmoud Mohieldin confirmed that this is the time for all countries, especially the developing ones and emerging markets, to adopt a holistic approach that links the achievement of economic and social development in these countries and the achievement of climate action targets.
The remarks came during his speech via video conference in a webinar entitled "Climate and Development: Synergies and Trade Offs", organized by the Institute of National Planning, COP27 Presidency, Dr. Mahmoud Mohieldin and the World Bank Group in partnership with the Center for Economic and Financial Research & Studies (CEFRS), the Economic Research Forum (ERF), and the Egyptian Center for Economic Studies (ECES). Mohieldin said that compromising some of SDGs in order to achieve other goals will not lead to the success of the whole development process, explaining that achieving economic growth without transitioning to green economy will not be useful because of the negative impacts of climate change on resources and vital sectors that the economies of different countries depend on. Climate action will not be useful if it deteriorates life standards and increases poverty and unemployment rates in different communities, he added. The official noted that COP27 in Sharm El Sheikh prioritizes this holistic approach that aims to achieve SDGs as whole without making the achievement of one of these goals affect the tracks of achieving the other ones. Mohieldin stated that the main problem that obstacles the achievement of economic and social development parallel to the achievement of climate targets is mobilizing the required climate action finances. He said that Sharm El Sheikh conference will discuss this given that the pledges of developed countries to finance climate action in developing countries have not been fulfilled to the moment. The climate champion referred to the centers of scientific researches and studies as one of the most important actors in the climate action, saying that the collaboration between these centers and the rest of stakeholders including governments, business societies, NGOs and international development institutions will help achieve the climate action goals. Mohieldin highlighted the necessity of linking the climate action scientific solutions to domestic priorities and the economic situations of different countries in order to get the best results out of climate action in these communities. |
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