Egypt carried out roughly EGP 215.5bn in inexperienced public investments throughout the 2024/25 fiscal 12 months, with transport initiatives accounting for the biggest share, in response to a report reviewed by Minister of Planning and Financial Growth Ahmed Rostom.
The report highlights the federal government’s progress in integrating environmental sustainability into nationwide improvement plans, increasing the share of inexperienced public funding, supporting the transition to a inexperienced financial system, and strengthening local weather change mitigation and adaptation efforts.
In response to the report, inexperienced public investments carried out throughout FY2024/25 totalled round EGP 215.5bn throughout seven key sectors.
Inexperienced transport accounted for the biggest share of complete inexperienced public funding at 71.5%, adopted by initiatives underneath the presidential Respectable Life initiative at 10.5%, sustainable city improvement at 8%, environmental enchancment initiatives at 4.5%, agriculture and irrigation at 3%, clear vitality at 1.5%, along with investments within the communications sector.
The report additionally confirmed that 87% of inexperienced public investments had been directed in the direction of local weather mitigation initiatives, whereas the remaining 13% supported local weather adaptation initiatives.
Rostom stated the rising share of inexperienced public funding displays the state’s dedication to increasing environmentally sustainable initiatives underneath the Nationwide Local weather Change Technique and Egypt’s broader inexperienced transition agenda in step with worldwide requirements.
He added that the sustained enhance in inexperienced funding has additionally contributed to enhancing Egypt’s rating within the Public Funding Administration Evaluation (PIMA) from a local weather perspective.
The minister stated the federal government goals to boost the share of inexperienced public funding from 15% of complete public funding in FY2020/21 to round 60% throughout the present FY2026/27.
He stated the goal demonstrates the state’s dedication to attaining sustainable improvement and accelerating the transition to a inexperienced financial system by directing a bigger share of public spending in the direction of environmentally pleasant initiatives, enhancing useful resource effectivity, lowering emissions, and strengthening the resilience of key sectors to local weather change.
Rostom reaffirmed the ministry’s dedication to integrating environmental sustainability standards all through the preparation, implementation, and monitoring of the state’s funding plan, supporting extra sustainable and inclusive financial development, advancing the goals of Egypt Imaginative and prescient 2030, and reinforcing Egypt’s position in regional and worldwide local weather motion.
He famous that FY2024/25 witnessed important inexperienced funding throughout a variety of strategic initiatives, together with the Cairo Metro, the high-speed electrical rail community, new and renewable vitality vegetation, built-in stable waste administration methods, and unsafe medical waste remedy amenities.
Main local weather adaptation initiatives carried out throughout the fiscal 12 months included wastewater remedy vegetation, canal rehabilitation and lining works, desalination vegetation, coastal safety and improvement initiatives, soil enchancment initiatives, and the modernisation of on-farm irrigation methods.
With regard to the Respectable Life initiative, Rostom stated inexperienced public investments throughout FY2024/25 coated the development and upgrading of wastewater remedy vegetation, canal rehabilitation and lining initiatives, in addition to the development and modernisation of consuming water remedy amenities.
