The international energy transition conference tagged, Egypt Energy Show (EGYPES 2024), kicked off on Monday, February 19 at the Al Manara International Conference Center in New Cairo.
The conference will focus on the opportunities and challenges of energy transition as the work seeks for cleaner and less threatening energy sources amid grave climate change impacts.
EGYPES 2024 is a three-day conference that is expected to have experts and agencies from across the globe to work towards a more efficient energy sector.
The energy transition conference themed, “Driving Energy Transition, Security, and Decarbonization”, will display state-of-the-art innovations and solutions in the oil and gas sector.
During the inauguration of the conference, Egypt’s President Abdel-Fattah al-Sisi welcomed the hundreds of participants, adding that technology with high investments and costs will be at the central stage.
“Minster Tarek El-Mulla spoke about how, during the past 7 years, Egypt was able to introduce ‘clean cooking’ in about 60% of residential units operate on natural gas. “Did you know the amount of effort that Egypt has put into implementing this?” President el-Sisi asked.
“Over the past years, we have spent a lot of money just to achieve this goal. If the necessary funding is not available for countries whose economies are modest or difficult – what can they do?”
He added it was laudable that almost $100 billion was pledged for energy at the 2015 Paris Conference, but “long after the conference, none of these pledges were implemented by the developed countries, which are primarily responsible for the global climate crisis.”
The country’s petroleum minister, Tarek El-Molla, believes the time for the energy transition conference is perfect, considering that the world was battling threats from global warming, and risking sustainable development.
He emphasized Egypt’s dedication to the global movement toward the use of hydrogen and other clean energy sources, stating that EGYPES 2024 would contribute to the development of a better future for the energy industry and its human resources.
El-Molla also called for increased aid and flexible funding for African nations to accomplish a just and safe energy transition with collaboration with international agencies.
More than 300 speakers and more than 80 sessions will be available at the conference, which will address six priority issues: energy security, decarbonization, digitalization, innovation, investment, and human capital.