Urgent call to reduce carbon emissions launched at COP 27

On the fifth day of the Climate Change Summit Decarbonization was addressed as a central theme, where experts called for urgent measures to reduce emissions across the industry with a specific focus on the most carbon-intensive sectors, including steel, oil, gas and fertilizers.

“The climate crisis is existential, paramount and ever-present, and we must look at every piece of the puzzle, including the decarbonisation of the industrial sectors that underpin the global economy,” said COP27 President HE Sameh Shoukry, commenting on the Decarbonization Day.

“Today’s activities provided an important opportunity to discuss the fundamental plans and policies needed to reduce carbon footprints, particularly in hard-to-reduce sectors. We hope that today’s talks will help facilitate the much-needed transition to a low-carbon economy,” he said.

“The Decarbonization Challenge” kicked off the day’s agenda and included remarks from John Kerry, US Presidential Special Envoy for Climate; HE Tarek El Molla, Minister of Petroleum and Mineral Resources of Egypt; HE Ahmed Samir, Minister of Trade and Industry of Egypt; and Gerd Müller, Director General of UNIDO.

In this framework, the United States announced the launch of a new initiative to support Egypt in the deployment of 10 GW of new wind and solar energy while dismantling 5 GW of inefficient plants generated by natural gas.

Accelerating the path to decarbonisation of the steel industry that encouraged investors to support new technologies by highlighting the transformation success stories of Sweden and Egypt.

The US Environmental Protection Agency said it will expand its 2021 methane rule to require drillers to find and plug leaks at all 1 million well sites across the country and reduce methane from the oil and gas industry. gas 87% below 2005 levels.

Towards a Decarbonized Fertilizer Industry which discussed ways for experts from industry, technology and financial institutions to come together to develop the green fertilizers needed to keep agriculture low carbon, affordable and safe, needed especially in developing countries .