Egypt makes significant strides in renewable energy, climbing 10 spots in the global index, reflecting its commitment to a sustainable future.
Egypt excels in renewable energy, ranking higher in global indexes and boosting its commitment to a sustainable future — Photo illustrated by Business Today Egypt
In observance of World Environment Day 2023, the Central Agency for Public Mobilization and Statistics (CAPMAS) has highlighted Egypt's progress in various key indicators.
Notably, Egypt has climbed 10 positions in the Renewable Energy Country Attractiveness Index (RECAI), which measures the most attractive countries in the renewable energy sector.
The report provides an in-depth analysis of the renewable energy market and the challenges it faces.
Key findings include:
1- Egypt rose from the 39th position in March 2015 to the 29th position in November 2022 among the 40 countries included in the index.
2- The generated electricity from renewable energy sources (wind/solar) increased from 10.2 GW/h in 2020/2021 to 10.4 GW/h in 2021/2022, marking a 2% growth rate.
3- Egypt secured the 127th position out of 180 countries in the Environmental Performance Index (EPI), with a performance score of 35.5 points. This represents a 6.5% improvement over the past decade, as of 2022.
4- Egypt ranked 20th out of 63 countries in the Climate Change Performance Index (CCPI) with a performance score of 59.37 points, surpassing countries like Turkey (47th) and the United States (52nd) in 2023.
5- The total amount of municipal waste recycled across Egypt's governorates reached 4.4 million tons in 2021, with Cairo and Dakahlia governorates leading in recycling rates at 28.8% and 11.5%, respectively.
These positive developments reflect Egypt's commitment to sustainable development and environmental preservation. The country continues to make significant strides in the renewable energy sector, contributing to a greener future.
Over the past years, Egypt has been actively pursuing renewable energy projects to diversify its energy sources and reduce dependence on fossil fuels.
The government's efforts, including favorable policies and incentives, have attracted substantial investments in the renewable energy sector.
The country's strategic geographical location, abundant solar and wind resources, and supportive regulatory framework have positioned Egypt as a promising destination for renewable energy investments.
The expansion of renewable energy capacity in Egypt has not only contributed to a greener and more sustainable energy mix but has also created numerous job opportunities and boosted economic growth.
These achievements align with the country's broader vision for sustainable development outlined in Egypt's Vision 2030.
