Low Carbon Pathways: Towards a Just Energy Transition

Split into two panels and bringing together public and private top executive speakers and high caliber of British investors; this session focused on the importance of transitioning to a low-carbon economy that secures a more equitable, sustainable future.

Hosted at MHA, Baker Tilly, the two plenary sessions explored pathways for Egypt’s transition to a low-carbon economy while ensuring a just and fair energy transition, including discussions on the role of renewable energy, energy efficiency, and carbon capture, utilization, and storage (CCUS) technologies.

In addition, the sessions discussed the challenges and opportunities associated with decarbonization in Egypt, including the need for further investments, funds, technology transfer, and skills development. With the Egyptian Government being on the lookout to releasing its National Green Hydrogen Strategy, the panels also shed light on the Government’s efforts to expand its green hydrogen production and the undertaken efforts to prioritize the needs and interests of all stakeholders, particularly those who are disproportionately affected by the transition.

The Egyptian Ambassador to the UK Sherif Kamel, welcomed the attendees; he was followed by the British Ambassador to Egypt Gareth Bayley and BEBA Chairman Khaled Nosseir, who then gave the floor to HE Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, to give his keynote speech. The session encouraged an open dialogue among policymakers, industry leaders, and other stakeholders, to provide a deeper understanding on the challenges and opportunities associated with a just energy transition in Egypt.

Egypt’s market potential of 110 million consumers as well as its strategic location and abundant amount of energy and gas resources, coupled with the UK being the 1st economy in the world to commit to net zero by 2050, makes it only natural to have the partnership between both countries further prosper with the private sector being a key partner in the consolidation of such endeavors.