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Egypt Affirms Commitment to Energy Transition at BRICS Energy Ministers' Meeting

Taarek Refaat Egypt participated in the BRICS Energy Ministers' Meeting, held in Brasilia, Brazil, as part of its membership in the bloc and in line with the Ministry of Petroleum's strategy to enhance energy cooperation. Egypt was represented at the meeting by Alaa al Batal, First Undersecretary and Supervisor for Health, Occupational Safety and Environment (HSE), Energy Efficiency, and Climate Affairs. He praised the importance of the meeting and the member states' commitment to achieving sustainable development and global climate goals. Al Batal emphasized that this year witnessed the development of a roadmap for cooperation until 2030, achieving a balance between reliance on fossil fuels and the transition to sustainable energy systems. He also launched a dialogue between BRICS and the New Development Bank (NDB) to encourage investments in the energy transition and ensure energy access. He pointed out that the Egyptian Ministry of Petroleum has established six axes to guide its efforts in achieving sustainable transformation. The ministry aims to increase the percentage of electricity generated from renewable sources to 42% by 2030, as part of the updated energy strategy until 2040, while accelerating carbon reduction and diversifying sources in line with Egypt Vision 2030. He highlighted Egypt's expansion in sustainable fuel projects, such as the bioethanol project and Sustainable Aviation Fuel (SAF), in addition to its efforts to produce low-carbon hydrogen, having launched a national strategy and approved an incentive law, along with the Damietta project to produce green ammonia in partnership with (ECHEM) and (MOPCO). read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies