Egypt Gov't increases investment in green economy by 40%

CAIRO - 1 June 2023: Transitioning into a green economy is one of the main development issues adopted by the Egyptian government, where the country is moving forward to address different environmental issues as part of its agenda. 

 

One of the most important steps is that the Egyptian state is adhering to strict application of environmental sustainability standards in all its projects and sectors. 

  

In this regard, the economic and social development plan reflects the keenness to monitor all projects and initiatives of the various awarding bodies that have an environmental impact and support sustainable green growth, with the aim of raising the percentage of investments directed to the green economy from its current level, from 30% to about 40% of the total public investment in 2023/2024, and up to 50% by 2024/2025.

 

And the Minister of Planning Dr. Hala Al-Saeed indicates that the plan for the new fiscal year 2023/2024 aims to complete the second phase of the project to create an interactive map of the risks and threats of the effects of climate change on Egypt, and to expand the monitoring network of the industrial emissions network by adding 13 monitoring points, as well as implementing 12 A field trip to monitor water quality in the Mediterranean, Red Sea and Egyptian lakes.

 

The plan also includes - according to Al-Saeed - the launch of initiatives aimed at promoting environmental awareness, including "Beautiful Egypt" and "Get Ready for Green", and the tendency to plant 1.5 million trees in light of the presidential initiative.

 

Al-Saeed also drew attention to the multiplicity of projects aimed at adapting to climate changes, for example - projects of the Ministries of Agriculture and Water Resources and Irrigation in the field of organic agriculture, protected agriculture, cropping structures that are resistant to environmental stresses, projects to rehabilitate and line canals, cover canals and drains, and programs to develop and diversify sources.

 

Water desalination projects in the coasts of Egypt, South Sinai and the Red Sea with capacities ranging between 30,000 and 130,000 cubic meters per day, triple sewage treatment plants in Matrouh and other projects carried out by the Ministry of Housing, Utilities and New Urban Communities.