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Environment Minister Yasmine Fouad said market mechanisms and some policies need to be reconsidered in order to provide climate finance for countries.
07.10.21 | Interesting article at Egypt Today

 Environment Minister Yasmine Fouad said market mechanisms and some policies need to be reconsidered in order to provide climate finance for countries.



The minister made her remarks on Tuesday on the sidelines of the second Union for the Mediterranean (UfM) ministerial conference on environment and climate action, hosted by Egypt.

She pointed out that priorities and needs should be also identified to secure such sustainable funding, noting that the application of the public funding system could encourage the private sector to take part in climate-related projects.

The minister added that the market mechanisms, including supply and demand and creating a favorable climate to attract investment, need to be boosted in order to overcome any climate challenges.