01 Mar 2022

The Minister of Finance said that the Egyptian government is planning on increasing green public investments from 15% this fiscal year to 30% next year, and then reaching 50% by FY24/25. He explained that by doing this, the government will have access to more green and sustainable financing in order to achieve environmental and development goals. The green projects will be implemented in cooperation with partners from the private sector, and will contribute to Egypt’s efforts to combat climate change and preserve the environment. These projects include water treatment, water desalination, sewage, renewable energy power generation, and green transportation. It is worthy to note that Egypt is preparing to host COP 27 in Sharm el-Sheikh in November 2022, which will be the 27^th session of the Conference of the Parties global climate conference.

(Source: Ministry of Finance, Daily News Egypt (English), Egypt Today (English), See News (English), al-Ahram, al-Youm al-Saabe, al-Masry al-Youm, al-Shurouk, al-Watan, Akhbar al-Youm, Sada el-Balad)