Through the establishment of the mechanism, Egypt will set up green hydrogen and ammonia plants in the Suez Canal Economic Zone in Egypt, in partnership with several countries.
Egypt aims to expand green investments by about 40% and 50% as green investments out of the total investments in the state plan in 2024 and 2025, respectively, according to Cabinet Spokesman, Mohamed el-Homsani.
This came during a meeting held by Prime Minister, Mostafa Madbouly, to discuss the mechanism for adjusting carbon limits as a step towards enhancing the competitiveness of Egyptian exports.
Through the establishment of the mechanism, Egypt will set up green hydrogen and ammonia plants in the Suez Canal Economic Zone in Egypt, in partnership with several countries.
Furthermore, there was a focus on broadening the utilization of green hydrogen and ammonia in industrial applications, aiming to reduce greenhouse gas emissions in the production of iron, steel, fertilizers, and chemicals.
In the meeting, emphasis was placed on the 2050 Climate Strategy and the National Committee for Environmental and Climate Policies.
These initiatives are geared towards implementing numerous measures and launching campaigns aimed at reducing carbon emissions in various Egyptian sectors to foster environmentally friendly practices.
