Egyptian government discusses transformation mechanisms for green recovery

Published 14 Oct,2021 via Daily News Egypt - Hala El-Said, Minister of Planning and Economic Development, Yasmine Fouad, Minister of Environment, and Mohamed Maait, Minister of Finance, held an extensive meeting to discuss green economic tools and develop transformation mechanisms for green recovery.

El-Said stressed the importance of green incentives and their role in the process of attracting investments in the private sector, especially after 30% of the state’s general budget investments have become green investments in the areas of transportation, water, sanitation, irrigation, and electricity, and the government aims to increase the percentage of green projects to 50% of the budget in 2024.

She added that the country’s green recovery strategy includes more of these incentives to ensure the localization of the sustainable development goals, within the framework of the implementation of the presidential initiative, Decent Life, which is one of the most important and largest development initiatives in the world, and includes mechanisms to achieve all the international goals of sustainable development and is an essential pillar in the country’s strategy to localize sustainable development goals.