COP26.- UK will allocate $50 million to support energy transition in countries in the Middle East and Africa

MADRID, November 2 (European press) –

The Minister for the Middle East and North Africa in the UK government, James Cleverly, announced this Tuesday in the framework of the United Nations Conference on Climate Change (COP26) a funding plan of 50 million pounds (more than 58.7 million euros). To support environmental transformation, sustainable infrastructure and the growth of countries in these regions.

Specifically, the plan, called the High Impact Partnership for Climate Action (HIPCA) launched by the European Bank for Reconstruction and Development (EBRD), aims to catalyze investments and solutions that can reduce or avoid greenhouse gas emissions, strengthen resilience, and reduce these countries’ vulnerability to climate change. Climate and environmental protection.

The project, launched in cooperation with Austria, Finland, the Netherlands, Switzerland and the Taiwan Development and Cooperation Fund, will help Morocco, Algeria, Egypt, Tunisia, Jordan and Lebanon, among other countries.

Stressing that to achieve this goal, Cleverly said, it is necessary to “repeal the ban” on public and private investment and push for “innovative and green” solutions, according to a statement from the British government.

See also  The UK's best photography is on the street

Leave a Reply

Your email address will not be published. Required fields are marked *