Green industry "best solution" to climate crisis

Relying on the green industry and clean energy is the best solution to the climate change crisis, the green industry helps in increasing growth and production rates without harming the environment and natural resources, through the optimal investment of renewable resources such as solar energy, wind energy, hydrogen energy and others, this will lead to reducing carbon emissions and global warming, thus, increasing job opportunities associated with this vital sector, in addition to protecting global food security. Indeed, there are a lot of clear optimistic indicators that features reliance on the green industry.

In addition, there is a global desire to provide green financing from countries and international organizations for the green industry sector by issuing green bonds and, an example of this is the World Bank, which is the largest financier in the world for green industry activities, especially in developing countries, as specified by the Bank. The International Monetary Fund has set a target over the next five years to provide 35% of the World Bank’s total resources to finance clean energy activities in addition to increasing the International Monetary Fund’s financing for green industry projects at a rapid pace.

More than 30 countries, six major auto manufacturers and other players, such as cities, have announced all sales of new cars and vans will be zero-emissions vehicles by 2040 globally, accelerating the decarbonization of road transport , which currently accounts for about 10% of Global Warming gas emissions.

According to the Global Energy Monitor report, the Middle East and North Africa region possesses enormous capabilities to establish wind and solar energy projects, rely on the green industry and export it across continents, as the total production of wind and solar energy in the Arab region is currently more than 12 gigawatts, and Egypt, Morocco and Tunisia are among the The first country to establish wind power plants in 2000, and the region seeks to increase reliance on the green industry by establishing solar and wind power plants, with a total production of 73.4 gigawatts by 2030.