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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.
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.
#ICCIA is pleased to participate as a supporter at the 3rd forum on strategies of transition toward green economy, under the patronage of the Egyptian Prime Minister H.E. Dr. Mostafa Madbouly on 14 June 2021 at Intercontinental City Stars Hotel. #Greeneconomy
Sample of ICCIA Live Media Coverage:
Registration doors are now open for all guests and participants at the 3rd Forum on Strategies of Transition toward Green #Economy! Stay tuned for #ICCIA live media coverage.
All is set for the “3rd Forum on Strategies of Transition toward Green Economy”, under the patronage of Prime Minister H.E. Dr. Mostafa Madbouly, with the presence of key government officials, private sector representatives and experts in the development field.
The 3rd Forum on Strategies of Transition toward Green Economy has just started. To know more about the event, wait for ICCIA live media coverage!
The opening speech by Dr. Hassan Mostafa, President of today’s forum and President of
@CsrArabia at the “Third Green Economy Transformation Strategies Forum”
Dr. Mostafa Hassan, President of @CsrArabia pointed out that Egypt hosts 14 sustainable cities and 2000 sustainable projects, and has allocated about 30% of the Egyptian public budget to support strategies for the transition towards green economy.
The keynote speech of the Egyptian Prime Minister, Dr. Mustafa Madbouly given on his behalf by Dr. Yasmine Fouad, Minister of Environment.
Dr. Yasmine Fouad, Minister of Environment, emphasized the Egyptian government’s efforts to preserve the natural resources and support renewable projects such as the solar energy project, which is one of the largest current projects in the Middle East.
Dr. Yasmine Fouad sheds light an example of integrating the environmental dimension carried out by the Ministry in cooperation with the Ministry of Education to develop educational curricula that spread awareness about the global environment and its impacts.
Dr. Yasmine Fouad highlighted 4 new models carried out by the Ministry to support the integration of the environmental dimension: sustainable transportation – waste recycling and converting it to the environment – environmental and sustainable tourism – educational curricula.
The opening session of today’s event has just started, entitled “Towards Multilateralism and Green Growth”, discussing effective multilateralism cooperation features and means of accelerating the shift towards green economy.
Today’s opening session’s moderator, ِAmbassador Nada El Agizy, Director of Sustainable Development and International Cooperation at League of Arab States.
“UN system is ready to partner with stakeholders and private sector towards green growth”, stated by Ms. Elena Panova, UN Resident Coordinator in Cairo.
Ms. Elena Panova, UN Resident Coordinator in Cairo praising the Egyptian government’s efforts towards Green economy and stating that the government ensures that Green investments and green growth strategies projects will increase by 100 % in 2024.
Mr. Amr El-Kady, Regional Director for Egypt, Middle East and Africa – Plastic Bank, addressed the importance of waste recycling in opening new markets and promising economic fields in the future.
Mr. Ibrahim Laafiaa, Head of Cooperation at EU Delegation to Egypt “we have a very ambitious strategy which requires missive resources. 1 trillion euro is needed to achieve it, which needs stakeholders of governmental institutions, private sector and international organizations”.
“Egypt has taken concrete steps toward the transitions to green economy, we are committed to support those efforts not only by the financial support but also the know how to implement green strategies” stated by Mr. Ibrahim Laafiaa, Head of Cooperation at EU Delegation to Egypt.
Mr. Ayman Soliman, CEO of Egypt’s Sovereign Fund “Agriculture Technology is the next phase for achieving sustainable growth”.
Mr. Ayman Soliman, CEO of Egypt’s Sovereign Fund emphasized that as a fund, they support initiatives by co-investing and opening partnership opportunities.
The 1st session titled “Green Economy Engines” has started now, tackling the features of future economy in light of sustainable financing tools and the role of promoting innovation in creating solutions to environmental challenges and developing human capabilities.
The 1st session’s moderator, Dr. Dalia Abdel Kader, Chief Sustainability Officer at Commercial International Bank CIB.
Mayada Ragheb, Country Senior Representative at JICA Egypt assured that JICA is working to support the Egyptian government to achieve its priorities and strategy in the field of electricity and environment.
Mr. Walid Labadi, Country Manager – Egypt, Yemen and Libya at IFC addressing green economy as a part of the whole ecosystem, and stating that IFC has several initiatives to promote green economy collectively with government institutions.
Dr. Emad Hassan, Project Manager at EBRD GEFF discussed during the session, the role of sustainable finance in community development and its impact on the economy.
Ms. Heba Abdel Latif, Head of Financial Institution – Commercial International Bank -CIB, pointed out the need for banks to invest in sustainable financing in order to take an active role at the environmental level.
Honorable guests and participants at the 3rd Forum on Strategies of Transition toward Green Economy.
Sherif Daoud, Deputy Head of the Sustainable Development Unit at the Ministry of Planning and Economic Development, “About 15% of the projects in Egypt’s master plan are mainly green projects, including transport, electricity and renewable energy projects.”
“CDC is allocating 6.7 million dollars for green economy and 3.5 million dollars are invested in Africa. We are here in Egypt since 2013”, stated by Ms. Sherine Shohdy, Country Coverage Director – CDC Group – Egypt.
Honorable guests and participants at the 3rd Forum on Strategies of Transition toward Green Economy.
Prof. Dr. Hend Farouh, Professor of Environment and Sustainable Design at Egypt’s Housing and Building National Research Center – National Project Manager of Egypt-PV,IMC/UNDP.
Prof. Dr. Hend Farouh emphasizing the significance of applying green structure designs in order to minimize negative impacts on the environment and maximize the economic benefits.
Dr. Hesham Eissa, Co-Founder of DCarbon Egypt, Environmental Science and Climate Change Expert, highlighting the impact of climate change on Egypt and the region, and addressing the necessity of taking the needed measures to adapt to these changes.
Judge. Dr. Ehab Tarek, Senior Advisor to Minister of Environment discussing the legislative vision and the importance of regulations and green economic tools for the success of the integrated waste management system in Egypt.
The 2nd session of the 3rd Forum on Strategies of Transition toward Green #Economy has just started, entitled “The Best Practices in Green Investment”
Mr.Amr El Kady Regional Director for Egypt, Middle East and Africa at Plastic Bank explained the criteria that the institution relies on towards green economy, which are the environmental standard, the economic standard, financial inclusion and the digital transformation standard
- Ahmed Kamal, Executive Director of the Environmental Compliance Office: “The establishment of a revolving fund is one of the success stories of the Federation of Industries, which has benefited more than 480 companies related to sustainability”.
Eng. Ahmed Al-Sukari, Representative of Siemens Energy, discussing the company’s role in recycling and energy, especially biogas, and highlighting Siemens’ current cooperation with the Egyptian government in the field of renewable energy.
Ms. Mai Yassin, Secretary General of Vodafone Egypt Foundation, announces the launch of the Vodafone Sustainability Program today at the Green Economy Forum, which is concerned with the disposal of electronic waste and raising awareness of the importance of the green economy.
