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Egypt by 2024 plans to convert 50% of its projects to green ones with bonds and a strategy for climate change.
Yasmine Fouad told the vice president of the European Union Commission for the Green Deal, Frans Timmerman, said, “Egypt had in recent years seen the need to integrate environmental considerations into the area of development. This approach had received great support from the country’s political leadership through restructuring the environment sector by integrating environmental aspects in the development and linking environmental challenges with the economy.”
Fouad cited Egypt’s success story in confronting the phenomenon of severe episodes of air pollution, known as the black cloud, which began a strategy seven years ago to reduce sources of pollution such as burning agricultural residues and polluting emissions from vehicles and industrial facilities.
“But when dealing with the problem from an economic perspective, providing job opportunities for farmers and supporting them financially to open sites and get rice straw recycling machines, and today, the number of farmers working in recycling is increasing,” the minister said.
Fouad added that Egypt had many success stories in dealing with environmental challenges from an economic standpoint, including the ministry’s participation in the “Decent Life” presidential initiative through the localization of biogas technology and training young people to establish biogas units in rural areas to benefit from agricultural waste and animal manure for biofuel production.
She said solid waste was a major challenge facing Egypt and was being dealt with through steps such as a waste management law. She praised the EU’s role as a key partner in implementing the new system for solid waste management.
Timmermans praised Egypt’s interest in the issues of the environment and climate change, and the importance of completing discussions during preparations for COP 27, which Egypt aspires to host on behalf of the African continent.
Fouad and Timmermans spoke on the sidelines of a Union for the Mediterranean ministerial meeting, which Egypt is hosting.