Egypt launched a strategy for transition to green economy within the framework of the state’s keenness on achieving sustainable development and implementing Egypt Vision 2030. The strategy is meant to ensure that 30 % of investment projects are committed to environmental sustainability standards, and this is reflected in the number of green projects included in the 2020-2021 fiscal year plan.
Under the plan, about 691 green projects will be implemented at a total of EGP 447.3 billion. About 15% of the general budget investments are allocated to these ventures in various fields; such as agriculture, transport, electricity, renewable energy, waste management, etc. This falls within the framework of confronting future risks and challenges which Egypt could face; such as climate change, food security, water security, economic stability, public health problems, technological access and bio-diversity.
Therefore, the third edition of the Forum on Strategies for Transition to Green Economy is held with an aim of creating opportunities and effective partnerships between the parties concerned and those interested in achieving sustainable development in the country and giving a push to the shift towards green economy in order to face future risks.
This year the forum will review accelerators of the process of transition towards green economy and monitors the potential opportunities for achieving green development in light of the challenges besetting the world and Egypt’s capabilities in facing these challenges as well as sustainable financing resources and means of accessing them and the importance of responsible investment to push forward the sustainable development process.
The forum also addresses the features and concepts of future economies, such as blue economy, purple economy, etc.
It also tackles the threats of climate change as well as promising opportunities lying in regenerative agriculture, digital circular economy, sustainable manufacturing, etc.
The forum is the most effective interactive platform for the parties concerned with green growth as the event brings together experts as well as representatives from companies, institutions and government agencies interested in this score.
Moreover, donors, financiers, deserving companies, banks and financial institutions backing green projects are also due to attend the event.
It is worth mentioning that the first edition of the forum was held within the framework of the Africa Regional Ministerial Conference on Green Economy in collaboration with the World Green Economy Organization. The second edition of the forum witnessed the participation of more than 450 experts, organizations and leading companies in the fields of energy, smart cities, communications, recycling, etc.
The third edition of the forum is expected to witness the participation of more than 750 experts and parties interested in green economy.
On the sidelines of this year’s forum, an exhibition will be held to provide an opportunity for entrepreneurs and owners of green and eco-friendly projects to display their work in front of representatives of the government, private sector, civil society, and international and regional organizations.
This will offer an opportunity to exchange views and expertise in addition to engaging in effective partnerships in order to maximize chances of achieving sustainable growth of these projects.