WEBVTT 00:00:00.040 --> 00:00:04.840 When we look at the overall lifetime of such renewable solutions, 00:00:04.840 --> 00:00:09.920 they are less costly, but they require much more spending upfront. 00:00:10.680 --> 00:00:12.360 Adham, thank you so much for being here. 00:00:12.720 --> 00:00:17.120 Talk to me about sustainability in Egypt and Africa and what role does AI play? 00:00:17.320 --> 00:00:22.960 The biggest challenge when we discuss sustainability in Egypt and the broader region 00:00:22.960 --> 00:00:25.960 is adaptation and resilience to climate change. 00:00:25.960 --> 00:00:31.560 So this is a region that is very vulnerable to the impacts of climate change. 00:00:31.560 --> 00:00:39.320 And every aspect of these countries, whether it's the different business activities or 00:00:39.320 --> 00:00:44.920 even the different human activities is vulnerable to the impacts of climate change, 00:00:44.920 --> 00:00:50.240 which become more frequent and more severe year after year. 00:00:50.240 --> 00:00:57.600 One of the central roles where AI and advanced analytics could bring a lot of value is 00:00:57.600 --> 00:01:02.880 in estimating and sizing the cost of inaction for such adaptation and 00:01:02.880 --> 00:01:04.400 resilience to climate change. 00:01:05.080 --> 00:01:10.680 This quantification of cost of inaction is crucial because this is what allows 00:01:10.680 --> 00:01:16.480 making the case for adaptation and resilience projects and investments to 00:01:16.480 --> 00:01:17.840 flow into these countries. 00:01:18.000 --> 00:01:21.360 -How are leaders thinking about sustainability goals while also managing 00:01:21.360 --> 00:01:23.320 costs and other priorities? 00:01:23.320 --> 00:01:27.840 So Egypt and, and the, and the region and the broader region are 00:01:27.840 --> 00:01:30.640 actually very competitive when it comes to 00:01:30.840 --> 00:01:32.560 implementing sustainable solutions, 00:01:32.560 --> 00:01:37.200 whether it's renewables or green hydrogen 00:01:37.200 --> 00:01:43.280 or producing other types of sustainable products and goods. 00:01:43.560 --> 00:01:46.800 The reason behind that is that the, the underlying, 00:01:46.800 --> 00:01:54.840 I would say cost factors are more accessible and less costly compared to the Global North. 00:01:54.840 --> 00:01:58.360 I'm talking specifically about solar radiation, 00:01:58.360 --> 00:02:04.360 land cost, which are big factors of the cost of renewable energy. 00:02:04.360 --> 00:02:06.520 So the, the cost is actually less. 00:02:06.520 --> 00:02:11.760 The challenge is with the capex, is with the initial investment. 00:02:12.040 --> 00:02:18.360 So overall when we look at the overall lifetime of such renewable solutions, 00:02:18.360 --> 00:02:23.520 they are less costly, but they require much more spending upfront. 00:02:23.520 --> 00:02:30.200 And the challenge here is to find ways to finance these solutions. 00:02:30.200 --> 00:02:35.360 Some of the private sector players use this as a competitive advantage to produce 00:02:36.520 --> 00:02:40.960 greener products that could be exported specifically to the Global North 00:02:40.960 --> 00:02:49.720 at a premium and actually leverage that for, basically to seek financing for the initial investment. 00:02:49.880 --> 00:02:50.720 Thank you so much. 00:02:51.040 --> 00:02:51.600 Thank you, Lisa.