Dr. Mahmoud Mohieldin, climate pioneer for the Egyptian presidency of the Conference of the Parties to the United Nations Convention on Climate Change (COP 27) and the United Nations Special Envoy for Financing the 2030 Agenda for Sustainable Development, stressed that technology and financing are essential elements for achieving adaptation of the food and agricultural sector to climate change, and thus achieving food security.
This came during his participation in the annual regional meeting of the United Nations Food and Agriculture Organization (FAO) office for the Near East and North Africa, with the participation of Dr. David Nabarro, WHO envoy on coronavirus, Maximo Torero, Chief Economist at FAO, and a number of officials of the organization’s regional offices. .
Mohieldin said that the food and agricultural sector worldwide has been affected by successive crises, especially the COVID-19 crisis and the current geopolitical crisis, which resulted in a decline in food security, in addition to the sector’s need to adapt to the negative effects of climate change.
Mohieldin explained that the availability of scientific and technological solutions and the necessary financing are necessary to achieve adaptation in general, and in the food and agricultural sector in particular, explaining that the Sharm El-Sheikh Adaptation Agenda launched by the Egyptian Presidency of COP 27 and the Climate Pioneers Team during the Sharm El-Sheikh Conference focused on this vital sector and its adaptation to change. climate by proposing clear mechanisms and means of financing that need to be activated.
Dr. Mahmoud Mohieldin pointed out the importance of the initiative launched by the Egyptian presidency of the COP27 conference during the Sharm El-Sheikh conference on food and agriculture for sustainable transformation to advance work in this vital file.
In this regard, the climate pioneer stressed the need for the global financing system to be restructured in order to achieve adequate and fair attention to the countries and societies most affected by global crises, and whose resources have been strained by these crises.
Mohieldin said that financing climate action as a whole, and the adaptation of the food and agricultural sector in particular, requires the adoption of international financing organizations and development banks for soft financing systems with an interest rate that does not exceed 1% and long-term grace and repayment periods, noting the importance of soft financing including middle-income countries to by low-income countries.
Mohieldin stressed the importance of financing in the form of investments in food and agricultural systems in developing countries and emerging markets, while activating debt reduction mechanisms and exchanging debts for investment in nature and climate.
Mohieldin explained that the national initiative for smart green projects launched by the Egyptian government, as well as the initiative of the five regional forums launched by the Egyptian presidency of the twenty-seventh conference of the parties in cooperation with the regional economic commissions of the United Nations and the Climate Pioneers team, created a distinguished group of environment and climate projects, some of which are related to the adaptation of environmental systems. Food and agriculture with climate change, stressing the importance of the private sector’s participation in financing adaptation measures to allow progress in climate action as a whole and achieve its desired goals.