The Ministry of Planning and Economic Development reviews the Egyptian government's efforts to green the investment plan

The Ministry of Planning and Economic Development issued a report on the Egyptian government’s efforts in greening the investment plan, which includes green public investments implemented during the past four years and targeted during the fiscal year (22/2023), and their role in implementing the National Climate Change Strategy 2050.This came in conjunction with the United Nations Climate Summit (COP 27) launch in Sharm El-Sheikh from November 7-18.H.E. Dr. Hala El-Said, Minister of Planning and Economic Development, stated that climate change has become an issue of concern for all countries of the world.El-Said pointed out that Egypt was one of the first countries that sensed the seriousness of this issue and adopted clear and feasible plans to confront the effects of climate change, by stimulating green public investment, creating an environment conducive to green transformation, and greening the state's plan.For his part, Dr. Jamil Helmy, Assistant Minister for Follow-up Affairs of the Sustainable Development Plan, said that environmental sustainability has been applied to the national project for developing the Egyptian countryside, “Decent Life".
He further noted that the village of "Fares" in Aswan Governorate was chosen as a model, aiming to spread it to the villages of the initiative during the coming period.Helmy, General Supervisor of the Presidential initiative of " Decent Life" at the Ministry of Planning, added that the value of the implemented green public investments amounted to about EGP 144 billion during the fiscal year (21/2022 only), in 7 basic areas (clean transportation, improving the environment, agriculture and irrigation, and industry). Housing, energy, and education).The report indicated that EGP 144.2 billion were directed to the transport sector, during the past four years (18/2019 - 221/2022), to implement projects, including the electrification of railway signals, the development of tractors and railway cars, metro and electric train stations, and the lighting of the capital's airports. And Sharm El-Sheikh and Sphinx with LED bulbs saving.In the irrigation and agriculture sector, public investments worth EGP 39.4 billion were directed during the past four years to implement projects for the rehabilitation and lining of canals, protection of beaches, development of irrigation networks, and coverage of canals and drains.

The report touched on the targeted green public investments in the fiscal year (22/2023), noting that they represent 40% of the total public investments, and are concentrated in the areas of (transport 63%, housing 17%, agriculture and irrigation 6%, energy 6%, communications by 3%, environment improvement by 2%, education, industry, and tourism by 3%).On the role of public investments in implementing the national climate change strategy, the report indicated that 78% of investments in the year (2023/22) were directed to mitigating the effects of climate change, and 22% were directed to projects adapting to the effects of these changes.