CAIRO – 15 March 2022: A report issued by the General Administration of Environmental Economics and Environmental Management Systems of the Ministry of Environment confirmed that 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.
The report, which was published on the ministry’s website, indicated that the Ministry of Electricity is to reach the share of renewable energy to 20 percent of the energy consumed in Egypt by 2020, 12 percent of which is wind energy and 8 percent hydro and solar energy.
The report further stated that the Ministry of Investment is interested in the feasibility of generating electricity from solar energy, the economic exploitation of the Western Desert and the feasibility of intensive investment in it, and in the entire Egyptian Western Desert.
It also explained that investments could be in the biofuel cultivation, or the implementation of the solar energy project to generate electric power that Egypt needs.
This is expected to provide the needs of North African and Central European countries, which will achieve great development for this unappreciated area of the country, in addition to correcting the price structure of petroleum products and restructuring the energy sector to ensure that support reaches its beneficiaries.
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