3 Ministers Discuss Int'l Funding for Waste-to-Energy Systems

Minister of International Cooperation Dr. Rania Al-Mashat held a meeting with Minister of Environment Yasmine Fouad and Minister of Local Development at the Ministry's headquarters to discuss international sources of finance for developing waste treatment facilities using waste-to-energy (WTE) technology.

This is the first meeting to be held to discuss international financing for waste-to-energy (WTE) technologies, which comes within the state’s plan to reduce environmental pollution and improve public health.

“This will help sustainably manage Egypt’s solid waste system, provide an alternative clean energy source and boost the economy by providing job opportunities and increasing employment,” Al-Mashat said.

During the meeting, Al-Mashat called for another meeting within the ‘Global Partnerships for Effective Development’ multi-stakeholder platform between the multilateral and bilateral development partners, which will include the participation of the ministries of environment and local development, and all development partners, to present details of the new waste management system and find the best funding opportunities from development partners.

[caption id="attachment_146685" align="aligncenter" width="1024"] Part of Today's Meeting[/caption]

Al-Mashat added that this comes within the Ministry of International Cooperation’s commitment to accelerate progress in achieving the Sustainable Development Goals through three pillars: people at the core, projects in action, and purpose as the driver.

For the third pillar, the purpose is identified as a key driver to generate sustained and inclusive growth and to set clear targets to monitor and assess, with the purpose being Goal 7 for clean and affordable energy and increasing renewable energy capacity to 42% by 2035, according to the 2030 National Agenda.

The volume of ongoing agreements with multilateral and bilateral development partners for environmental projects is about $238.2 million, in four projects, from a number of development partners, most notably Italy, the World Bank, the French Development Agency, the European Investment Bank, Germany, and the European Union.