COP27: Egypt Planning to Promote Green Projects

In conjunction with COP27, the Egyptian Cabinet's Information and Decision Support Center (IDSC) released a new report which reveals that Egypt is planning to promote green energy projects and boost its investments in activities leading to more environmental sustainability and secure livelihoods in the coming years.

"Today COP27 sessions are shedding light on financing through global partnerships," said IDSC.

The report noted that the value of green public investments implemented during 2021/2022 amounted to EGP144 bn, distributed over 7 basic sectors, clean transportation, environmental improvement, industry and housing, energy and education, agriculture, and irrigation.

The recent report also mentioned that Egypt aims to reach the percentage of green public investments during 2022/2023 to 40% of the total public investments, distributed over various sectors such as transportation by 63%, housing by 17%, agriculture and irrigation in addition to energy at 6% for each, education and industry Tourism by 3%, and the environment by 2%.