Value of deals Egypt signed at COP 27 is $15B: Environment Minister – Egypt Today

Value of deals Egypt signed at COP 27 is $15B: Environment Minister – Egypt Today

CAIRO – 22 November 2022: In a TV interview Monday, Minister of Environment Yasmin Fouad stated that the value of deals Egypt had signed in COP 27 is almost $15 billion.

During COP 27, Egypt launched an international initiative concerned with raising the safe disposal of waste to 50 percent by 2050.

The Egyptian initiative sits the ambition to treat and recycle at least 50% of solid waste generated in Africa by 2050, which will contribute to reducing the generation of greenhouse gases resulting from such waste, and reduce the overall impacts of waste pollution on human health, biodiversity, food systems and resource scarcity.

The Minister added that holistic coalition will be launched to address challenges on waste management for the first time in the history of COPs.

The Minister explained that the African continent will witness a tremendous social and economic change by 2050, as the population is expected to grow from 1.2 to 2.5 billion people, and the total waste generation of the continent is expected to more than double from 1.6 to 4 billion tons by 2050. Noting that more than 60% of the waste generated from the continent from urban centers is biodegradable, while 20% is recyclable (plastic, metal, etc.).

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