Egypt & UK Sign Agreement for Reforming Renewable Energy Regulations

Egypt & UK Sign Agreement for Reforming Renewable Energy Regulations

UK commended Egypt’s efforts on renewable energy generation and opportunities for British investors and firms within the energy sector

Egypt’s Energy Regulatory Authority (EERA) and the British Office of Gas and Electricity Markets (OFGEM) have signed a joint statement of intent for cooperation in reforming renewable energy regulations.

The statement was signed at inaugural meeting of UK-Egypt Association Council 2022, held in London on July 5.

The Secretary of State for Foreign, Commonwealth and Development Affairs, Liz Truss and Sameh Shoukry, the Minister of Foreign Affairs of Egypt attended chaired the inaugural meeting of the UK-Egypt Association Council.

The Ministers on both sides welcomed strengthening cooperation in Africa and exploring trilateral cooperation opportunities with African countries in various fields, particularly infrastructure.

The inaugural Association Council created a new platform to further the ambition laid out in the UK-Egypt Association Agreement, signed in December 2020.

Within this framework, the ministers had fruitful discussions on the development of the strategic partnership between the United Kingdom and Egypt.

The UK welcomed Egypt’s preparations to host COP27 in Sharm el Sheikh (November 2022) as it takes over the COP Presidency. The UK and Egypt reinforced cooperation to deliver ambitious outcomes at COP27 building on the Glasgow Climate Pact and previous COP decisions.

How Egypt is Getting Ready for COP27

Both countries noted the importance of supporting developing nations in effecting a just transition.

This includes transition to sustainable energy and green hydrogen, as well as in adapting to the impacts of climate change, including through the sustainable and integrated management of natural resources, enhancing resilience and building technical and technological capacities in this regard.

The UK commended Egypt’s leadership and efforts on renewable energy generation and opportunities for British investors and firms within the energy sector.

The ministers also discussed a wide range of bilateral, regional and global issues of mutual interest, including on consular issues and human rights.

The ministers looked forward to holding the meetings of the Association Council regularly to further enhance Egypt-UK cooperation in various fields and take stock of progress.

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