The Fifth edition of the annual Forum of Strategies for Transition to Green Economy is held within the framework of keenness of the Egyptian leadership under President Abdel Fattah El Sisi to support transition to green economy and create new investment opportunities in various domains while adopting environment sustainability standards to curb the negative impact of climate change and realize decarbonization in order to achieve sustainable growth and balanced sustainable development in all sectors of the green economy .The forum is held at a watershed stage for the Egyptian economy which is restructuring its strategies and budget to give momentum to the green economy mechanism in all key sectors; including agriculture, transportation, energy, tourism, construction, green trade in addition to backing green supply chains, innovation and digital transformation. Efforts are also underway to provide investment-attractive climate and create multilateral cooperation opportunities with international development partners.
Egypt has allocated 40 percent of the targeted public investments of the current fiscal year to green investments, standing at over EGP 336 billion.
Moreover, the United Nations expects Egypt to be among the top 20 world countries that will realize decabonization by 2050.
Egypt has allocated 40 percent of the targeted public investments of the current fiscal year to green investments, standing at over EGP 336 billion.
Moreover, the United Nations expects Egypt to be among the top 20 world countries that will realize decabonization by 2050.
Egypt seeks to double its green investments to reach 50% in 2024/2025 against 15% in 2020/2021.
