Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, participated in the eleventh Berlin Energy Transition Dialogue on March 18 and 19, the Ministry of Petroleum and Mineral Resources said in a statement.
Badawy attended the Dialogue at the invitation of the German Foreign Minister and the German Minister for Economic Affairs and Climate Action. The forum focuses on discussing the evolving energy landscape and the transition to clean and renewable energy sources. This year’s event centres on mobilising investments for energy transition and green growth in emerging and developing countries.
During the Dialogue, Badawy presented Egypt’s comprehensive energy strategy, emphasising the importance of diversifying energy sources to ensure energy security, sustainability, and economic growth. He also highlighted the role of natural gas as the most suitable transitional fuel, with lower emissions.
Regarding the expansion of renewable energy, Badawy said that Egypt aims to strengthen its position as a regional energy hub, leveraging its abundant resources of solar, wind, and other clean energy sources.
He noted the successful completion of an integrated and sustainable energy strategy until 2040, which aims to increase the proportion of renewable energy in the Egyptian energy mix to 42% by 2030. This will be achieved through projects such as solar energy developments and wind power plants in the Gulf of Suez region.
Badawy added that the Ministry of Petroleum and Mineral Resources is working with the Ministry of Electricity and Renewable Energy to develop an integrated energy efficiency strategy and launch a national programme encompassing various energy efficiency activities.
He further stated that Egypt aims to become a regional centre for hydrogen trade and circulation, underpinned by an ambitious national strategy to attract investment and develop pioneering projects in hydrogen generation and production. This strategy has been followed by the approval of a new law offering tax and export incentives to attract investors in this sector.
Badawy also stressed the importance of regional and international cooperation in expanding clean energy projects and building sustainable partnerships for a more prosperous energy future.
The Berlin Energy Transition Dialogue, first launched in 2015, is an annual conference on energy transition. It is organised by the German Federal Foreign Office in cooperation with the German Renewable Energy Federation (BEE), the German Solar Association (BSW), and the German Energy Agency (dena). The Dialogue is attended by government representatives, global business leaders, scientists, and leaders of international organisations and non-governmental organisations.
