1 Day
Source:
المصري اليوم
National Planning Examines EU Carbon Effect on Egypt Fertilizer Exports
The study issued by the National Planning Institute focused on the impact of the European Carbon Border Adjustment Mechanism (CBAM) on Egyptian fertilizer exports, especially as its full implementation approaches. Data showed that Egyptian fertilizer exports amounted to $11.9 billion between 2020 and 2024, constituting 5.6% of total Egyptian exports. These exports heavily rely on nitrogen-based fertilizers, which account for 75.6% of the total. Additionally, the European Union captured 45% of these exports in 2024. The study clarified that shifting manufacturing toward a low-carbon economy offers an opportunity to enhance competitiveness through investments in emission-reduction technologies and the use of clean energy sources. It emphasized the need for cooperation among government, private sector, financial institutions, and academia to adapt to new environmental policies, minimize negative impacts on exports, and focus on supportive policies, developing green financing tools, and building infrastructure for carbon markets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)