Representing developing nations, she will navigate this critical discussion, which is pivotal to establishing a clear and accessible climate finance framework
Egypt’s Minister of Environment, Yasmine Fouad, is heading to Baku, Azerbaijan, to participate in the ministerial segment of the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change.
In her role at COP29, Fouad will co-lead negotiations on the New Collective Quantified Goal (NCQG) for climate finance alongside Australia’s Minister for the Environment, Chris Bowen. The NCQG is a new global climate finance goal that the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement shall set from a floor of USD 100 billion per year, prior to 2025.
Representing developing nations, she will navigate this critical discussion, which is pivotal to establishing a clear and accessible climate finance framework. The aim is to ensure that the conference, dubbed The Finance COP, delivers a tangible outcome to aid developing countries and the most vulnerable communities in adapting to climate change impacts and implementing mitigation measures.
Speaking ahead of the ministerial segment, Fouad highlighted the critical nature of this phase of the conference. She emphasized that it builds on months of momentum leading up to COP29 and is expected to address the aspirations of nations and communities worldwide. The current stage involves crucial negotiations on climate finance, mitigation, adaptation, and Article 6 of the Paris Agreement, with dual ministerial leadership teams appointed by the conference presidency to guide these discussions.
Fouad underlined her commitment to spotlighting the financial needs of developing nations and those most threatened by climate change impacts. She aims to achieve a climate finance goal that embodies transparency, accessibility, and balance, ensuring the interests of all nations are met. This, she stressed, is a fundamental step toward accelerating efforts to combat the climate crisis.
During the thematic days of the conference, Fouad will actively participate in sessions focusing on tourism and transport, biodiversity, nature, coastal regions, and indigenous populations. She is also scheduled to join a high-level roundtable on the intersection of climate and biodiversity, aimed at fostering a nature-positive future and advancing the Paris Agreement.
On the sidelines of COP29, the Minister will hold several bilateral meetings with international counterparts and representatives of global organizations to discuss opportunities for collaboration.
