Green Transformation
Mollema emphasized the strength of the strategic relations between the Netherlands and Egypt, acknowledging the pivotal role played by the Suez Canal as a vital link between Europe and Asia
Kanapinskaite elaborated that the financing include $300 million in concessional development financing for the government, and €1 billion for the private sector to enhance its contribution to the transition to renewable energy.
Planning Minister Hala Al-Said affirmed that Egypt will spare no effort during its presidency of the 27th UN Climate Conference (COP27) in November to achieve ambitious results for financing green transformation.
The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.
She added that the cabinet recently announced green incentives in four areas, namely electric transport, green hydrogen, alternatives to single-use plastic bags and waste management.
President Sisi followed-up on the state's strategy for cooperation with international partners in various national development projects, Rady added.
Minister of International Cooperation Dr. Rania Al-Mashat, and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker, signed the Egyptian-Danish Energy Partnership Program (2019-2022) agreement with the Energy Agency of the Danish Ministry of Climate, Energy and Utilities, to unlock Egypt’s green transformation and invest in renewable energy.
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