The plan adopts several programs aimed at addressing climate change and its negative impact on the national environmental systems.
By: Mohamed Zain
Fri, Apr. 28, 2023
Egypt's government is committed to launching initiatives that support sustainable green growth, with investments ranging from 35% to 40% of the total investment in the plan for the current year, compared to 30% at present, with the aim of reaching 50% by 2025 and 100% by 2030.
To this end, the plan adopts several programs aimed at addressing climate change and its negative impact on the national environmental and economic systems.
The Ministry of Planning has announced numerous government initiatives and programs aimed at environmental improvement and transition to a green economy in the current financial plan for 2022-2023.
The plan includes the expansion of advanced transportation projects, such as electric trains, monorails, and alternative bus rapid transit for microbuses on the ring road, as well as subway networks and electric cars. Additionally, there is a program to convert government vehicles to use natural gas instead of gasoline.
The Ministry of Trade and Industry is adopting several programs to combat industrial pollution and protect the environment, with a focus on sustainable industries in energy, water, and natural resource usage, supporting environmentally friendly industries, and recycling waste and using industrial wastewater.
There is also an expansion of international agreements to produce green hydrogen as an intermediary substance for producing green ammonia, with an estimated cost for the first phase of around $4 billion.
Furthermore, the National Initiative for Smart Green Projects has been implemented in the governorates of the Arab Republic of Egypt as a pioneering initiative in the field of sustainable and smart development and dealing with the environmental dimension and the effects of climate change.
This is achieved by creating a map at the governorate level for smart green projects and attracting the necessary investments.
The initiative includes six categories of projects: large-scale projects, medium-sized projects, small local projects, projects submitted by start-up companies, service projects, and infrastructure projects.
The adoption of such green initiatives and programs is expected to have a positive impact on the national economy by creating new job opportunities and increasing economic growth. Besides, it will promote the country's position as a regional leader in sustainable development and attract more foreign investments in the green economy.