Minister of Foreign Affairs Sameh Shoukry, COP27 President, participated today, November 15, 2022, in the Adaptation Fund Contributor Dialogue, which was held in Egypt Pavilion at the climate conference, and attended by the U.S. Special Presidential Envoy for Climate John Kerry, and representatives of many Contributor countries and members in the Adaptation Fund.
Ministry of Foreign Affairs Spokesperson, Director of the Public Diplomacy Department, Ambassador Ahmed Abu Zeid, stated that Minister Shoukry referred during the event to the Adaptation Fund as a major channel for mobilizing the necessary financing to enhance measures of adaptation to climate change in developing countries. He also commended the positive role of the Adaptation Fund in providing climate finance, noting the Fund’s work in Egypt represented in the financing of two projects in the field of adaptation with a value exceeding $10 million, as well as Egypt’s commitment to support efforts aimed at continuing mobilization of resources for the Fund.
The Minister of Foreign Affairs also expressed appreciation to all donors supporting the Adaptation Fund, stressing that their material contributions to enhancing the Fund’s resources help implement many adaptation projects on the ground and protect communities most vulnerable to the effects of climate change.
The Spokesperson concluded his remarks by noting that the Adaptation Fund was established to finance climate change adaptation projects in developing countries members of the Kyoto Protocol which are most vulnerable to the repercussions of climate change, and since 2010 the Fund has managed to mobilize more than $850 million for more than 120 projects benefiting nearly 28 million persons in the most vulnerable communities to the effects of climate change.
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