Green Economy
Egypt aspires to provide programs for transition to a green economy, stated Prime Minister Moustafa Madbouly on Wednesday during COP27.
The Central Bank of Egypt (CBE) issued binding sustainable finance regulations, which are set to help accelerate transition towards a green economy and respond to current and emerging environmental and social risks.
The $3.5 billion project, located in Aswan’s village of Benban, has a total capacity of 1.8 gigawatts.
The Egyptian Ministry of Finance is targeting an integrated package of measures to advance efforts to shift to a green economy and reduce emissions, according to the financial statement for the new fiscal year 2022/2023.
Egyptian Minister of Environment Yasmine Fouad met Friday with her Dutch counterpart Vivianne Heijnen to discuss mechanisms of joint cooperation in the issues of climate and biodiversity, on the sidelines of the Stockholm +50 Conference.
Chargé D’Affaires at the U.S. Embassy in Cairo Nicole Shampaine stated Sunday that the United States had invested $80 billion in Egypt over the years
The minister presented some features of Egypt’s policies to face global economic crisis.
To achieve sustainable and low-emission economic growth, the first main goal of Egypt’s National Strategy for Climate Change 2050, the government put a four-pillar plan to enhance its economic growth with green projects.
The government has allocated a financial package to set a number of projects such as energy, transportation, agriculture, water, irrigation and carbon reduction in the petroleum sector at a cost of about $211 billion for mitigation and $113 billion for adaptation to programs until 2050.
Green ammonia is a 100-percent renewable and carbon-free ammonia that is produced by green hydrogen, which is obtained by “using hydrogen from water electrolysis and nitrogen separated from the air.”
The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.
The “green collar” jobs will be a major market as governments plan for the future and sustainable development.
The Egyptian Ministry of Education and Technical Education presented Tuesday at the parliament the efforts made and the future vision to integrate differently-abled people into pre-university education.
Egypt has made many efforts to incorporate the green economy into a number of fields, the most important of which are: energy, transport and industry, said a governmental report.
The report describes resilience factors, types of responses, and trends of the future.
Kojak added, during his speech at the Seventh CEO Conference 2021, that this integrated strategy is currently in the study phase, noting that the implementation process will start from the next fiscal year.
Presidential directives also called for reducing air pollution rates and improving quality of air by decreasing harmful carbon emissions and rationalizing consumption of fuel, along with upping growth rates, creating new job opportunities and boosting the macroeconomics structure.
The international community and financial institutions should assume a bigger role in funding mega infrastructure projects through soft loans and blended and innovative financing, Minister of International Cooperation Rania el-Mashat said Friday.
An ambitious plan has been outlined to implement 691 environment-friendly projects in the fields of energy, renewable energy, water and transport, Rania el Mashaat said.
Basso tweeted that One of her first actual, as opposed to virtual, visits to an EBRD country as President is to Egypt
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