Egypt aims to advance its target of generating 42 percent of its energy through renewable sources to 2030 from 2035 as the North African nation submitted updated climate commitments as per the Paris Agreement on Monday.
In its updated Nationally Determined Contribution document, Egypt noted that the country needs to obtain grants and soft financing worth €500 million ($548 million) as a contribution to achieving the revised targets.
NDC is a climate plan that a Paris Climate Agreement signatory needs to submit every five years to list various measures it plans to take to cut emissions and adapt to climate impacts.
Related Posts
Egypt submitted its first NDC last year in June, with the updated one released earlier this week as the country intends to expedite its efforts to reduce carbon emission volume and increase renewable energy generation ahead of its original target of 2035.
The second update was announced by the Supreme Committee of the National Council for Climate Change in Egypt, led by Prime Minister Mostafa Madbouly.
The move of modifying the emissions target demonstrates the nation’s commitment to accelerating the switch to a low-carbon development path, said a top minister.
