Sweilam indicated that Egypt has made great efforts to put water at the centre of global climate action through a number of measures and events.
External revenues in its Egypt profile to record €103 million in Q3 2022, compared to €99 million recorded in Q3 2021.
Egypt intends to allocate 50% of its investment plan and budget to the green economy and implement green projects by the fiscal year 2024/2025.
The deals aim at mitigating carbon emissions and boosting greener practices in the sector.
The investments can be in emissions reduction, digitalization, hydrogen production, and improving energy consumption efficiency.
Voluntary carbon markets help companies recover part of their investment spending directed to reducing carbon emissions.
The cooperation between the governments, the NGOs, the UN, and the international organizations are held with consistency.
The facility is the first integrated green hydrogen plant in Africa, and when fully developed will consist of 100 MW of electrolysers.
The 10-gigawatt (GW) onshore wind project in Egypt will produce 47,790 GWh of clean energy annually once it is completed.
By signing a Joint Declaration of Intent, the two countries underscore their ambitions to combat climate change.
“From this rostrum, I urge you to become the model that the world hopes,” said the Egyptian leader.
Climate action is a key global public good, requiring significant new financing from the global community and mechanisms for inflows.
The green industry can be established by expanding the use of the methods and mechanisms that succeeded in reducing pollution and resource consumption
New cities built added EGP 10bn worth of assets to state treasury.
It has an ambitious vision to transform into a hub for producing and exporting clean energy, especially green hydrogen and solar and wind energy.
The power plant will be built on an area of 250,000 sqm and with a production capacity exceeding 42 GWh / year.