The UK will allocate $50 million to support the energy transition in countries in the Middle East and Africa

MADRID, November 2 (European press) –

The Minister for the Middle East and North Africa in the UK government, James Cleverly, announced this Tuesday in the framework of the United Nations Climate Change Conference (COP26) a funding plan of 50 million pounds (more than 58.7 million euros). To support environmental transformation, sustainable infrastructure and the growth of countries in these regions.

Specifically, the plan, called the High Impact Partnership for Climate Action (HIPCA) launched by the European Bank for Reconstruction and Development (EBRD), aims to catalyze investments and solutions that can reduce or avoid greenhouse gas emissions, strengthen resilience, and reduce these countries’ vulnerability to climate change. Climate and environmental protection.

The project, launched in cooperation with Austria, Finland, the Netherlands, Switzerland and the Taiwan Development and Cooperation Fund, will help Morocco, Algeria, Egypt, Tunisia, Jordan and Lebanon, among other countries.

Emphasizing that to achieve this goal, Cleverly said it was necessary to unleash “public and private investment and push for ‘innovative and green’ solutions,” according to a statement from the British government.