COP27… A Climate Summit with an Economic Spirit

COP27… A Climate Summit with an Economic Spirit

The economy appears to be at the heart of problems and solutions to the world’s climate crisis as the COP27 UN Climate Change Conference got underway in Egypt’s Sharm el-Sheikh on Sunday.

As the world rushed towards industrialization at the onset of the 20th century, it drove unwanted gases into the atmosphere and harvested millions of trees, forests, and green spaces. This resulted in hundreds of billions of greenhouse gas emissions threatening the very existence of humans on the planet.

When taking a closer look, it becomes clear that a transition towards a green economy is needed now more than ever. For that reason, renowned economic figures have led many of the previous COP summits.

In the same fashion, Mahmoud Mohieldin was announced as the UN Climate Change High-Level Champion for Egypt during its presidency of COP27. Besides being a prominent economist and a climate pioneer, Mohieldin is the UN Special Envoy on Financing 2030 Sustainable Development Agenda.

Previously, Mohieldin served as Egypt’s investment minister. He also was the World Bank’s Senior Vice President for the 2030 Development Agenda.

Speaking in several media interviews, he stressed the strong link between climate issues and the economy.

“There is great importance for good spending on climate action,” he