Egypt’s Clean Energy Transition to Green Economy

Egypt is in transistion to a new green economy and 8 million new jobs
shifting to a green economy pathway could lead Egypt to some major economic improvements

Egypt’s Clean Energy Transition ( Solar Thermal Magazine)

According to a newly released report, shifting to a green economy pathway could lead Egypt to some major economic improvements.

The annual savings predicted according to the report released by the Egyptian Government, the United Nations Environment Programme (UNEP) and partners, includes:

  • Over US$1.3 billion in the agriculture sector
  • US$1.1 billion in the water sector,
  • A 13 per cent reduction in CO2 emissions
  • A 40 per cent reduction in water consumption

 

UN Under-Secretary-General and UNEP Executive Director Achim Steiner said,

Challenges such as Egypt’s rapidly growing population – which could reach 100 million by 2020 – coupled with an ecological footprint almost three times its available bio-capacity, according to the Arab Forum for Environment and Development, are opportunities to implement an inclusive green economy strategy that can revitalize and diversify the economy and achieve social equity while also conserving the environment, and improving health and human welfare.

Working in favour of a transition is Egypt’s resilient banking sector, its abundance of labour and entrepreneurial skills, a functional public sector, and the Egypt’s determination to fulfil its aspirations for long-term prosperity and human welfare.

Egyptian Minister of Environment, Dr. Khaled Fahmy, said,

Transitioning into the green economy across diverse sectors offers a clear pathway to achieving durable and equitable sustainable development for Egypt. The convening of the African Ministerial Conference on the Environment in Cairo this week offers an opportunity for African countries to discuss options for such a transformation to happen, not only in Egypt but across the continent. We will need to work together to create opportunities and put in place the necessary policies, mechanisms and interventions to make this happen.

– See more at: http://www.unep.org/newscentre/Default.aspx?DocumentID=26788&ArticleID=34795&l=en#sthash.gOIS8xBq.dpuf

 

About Gordon Smith

Gordon’s expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.