Green Sector Gets €271M

Hanaa Gomaa, director of the Green and Sustainable Industries Program, said that around €271 million has been allocated to the program, with contributions from the European Union, the European Investment Bank, the French Development Agency and the Egyptian government. The program aims to help Egyptian industrial facilities transition to green industry through concessional financing and grants for projects focused on environmental compliance, emissions reduction, and more efficient use of energy and resources. An electronic system has also been launched to assess environmental impact and link the results to a unified data registry. This will strengthen governance and oversight and help factories meet environmental requirements, including those of the EU’s Carbon Border Adjustment Mechanism.

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