Egypt’s Promising Path to a Greener Future

Egypt’s Promising Path to a Greener Future

Egypt has officially launched its National Climate Change Strategy 2050 during a conference attended by Prime Minister Mostafa Madbouly. The National Strategy is consistent with the goals of the country’s sustainable development strategy “Egypt Vision 2030” as the new strategy will contribute to ensuring integrated planning between various national and sectoral strategies.

The new strategy was the latest step by Egypt in its path towards a greener future.

Madbouly indicated that although Egypt’s share of emissions does not exceed 0.6% of the total world emissions, Egypt is one of the countries most vulnerable to the negative effects of climate change on many different levels. This includes the country’s coasts, agriculture, water resources, health, population, and infrastructure.

Accordingly, Egypt has been taking different steps to decrease its carbon emissions even more.

Crowned as the official host of COP 27, Egypt is working fast to live up to the prestigious status of hosting the world’s biggest and most important climate summit. The Egyptian government has been taking climate change head-on by working to shift to a greener energy future in the upcoming years.

From a financial standpoint, Egypt has been attracting investments to execute green energy projects, which enabled the country to have a pipeline for green hydrogen projects standing at 11.62 gigawatts (GW), according to a research from Rystad Energy.

In January 2022, a full-size project to turn Sharm El-Sheikh into a low-carbon green city has been approved, to be implemented by the UN development program, executed by the Egyptian Ministry of Environment, and funded by GEF Trust Fund.

Low-Carbon Country

Egypt is also working on decreasing its carbon emissions, not only in Sharm El-Sheikh, but across the country. Earlier in May, the Egyptian Ministry of Environment signed two memoranda of understanding (MoUs) to support energy transition and emissions reduction in Egypt. The first MoU aimed to build a station to recycle the garbage into biodiesel and graphene at Kom Oshim. The project will be one of the sustainable solutions for solid waste in Egypt. Meanwhile, the second MoU is to establish a joint project called “Okyanus Egypt” that aims to produce plastic alternatives using “Made From Stone” technology.

Moreover, the Suez Canal Economic Zone (SCZone) announced signing six MoUs for green hydrogen and green ammonia projects with major international companies and alliances. The MoUs will help establish industrial facilities and complexes in the Sokhna area to produce green fuel and use it for ship catering purposes or export to foreign markets.

This comes as Egypt is set to diversify energy sources and shift to a clean future. The country has been gearing up for its green energy transition. It aims to increase the electricity supply generated from renewable sources to 42% by 2035, Minister of International Cooperation Rania Al-Mashat declared.

 

Sarah Samir 2745 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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