By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
    TikTok updates its community guidelines
    March 23, 2023
    IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
    IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
    March 23, 2023
    Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
    Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
    March 23, 2023
    EFG Hermes records EGP 11bn revenue in FY22
    EFG Hermes records EGP 11bn revenue in FY22
    March 23, 2023
    Egyptian Environment Minister discusses cooperation with WFP representative in Cairo 
    Egyptian Environment Minister discusses cooperation with WFP representative in Cairo 
    March 23, 2023
  • Politics
    PoliticsShow More
    Egypt's Health Minister discuss bilateral cooperation with an Italian delegation 
    Egypt’s Health Minister discuss bilateral cooperation with an Italian delegation 
    March 23, 2023
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    March 22, 2023
    Turkish President  Recep Tayyip Erdoğan and Egypt President Abdel-Fattah Al-Sisi met in Doha
    Opinion| Türkiye and Egypt: For better times with many opportunities
    March 22, 2023
    Drought caused 43,000 deaths in Somalia in 2022: UN
    Drought caused 43,000 deaths in Somalia in 2022: UN 
    March 22, 2023
    Opinion| The Chinese dragon occupies America's place in the Middle East
    Opinion| The Chinese dragon occupies America’s place in the Middle East
    March 22, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Egypt bears $2.4bn annually due to pollution… How did it change its policy to transition to a green economy?
Share
Notification
Latest News
Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
TikTok updates its community guidelines
Business
Strong representation of women in TV series of Ramadan 2023
Strong representation of women in TV series of Ramadan 2023
Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
EFG Hermes records EGP 11bn revenue in FY22
EFG Hermes records EGP 11bn revenue in FY22
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Egypt bears $2.4bn annually due to pollution… How did it change its policy to transition to a green economy?
Business

Egypt bears $2.4bn annually due to pollution… How did it change its policy to transition to a green economy?

Mohamed Farag
Last updated: 2022/07/05 at 10:11 AM
By Mohamed Farag 6 Min Read
Share
Egypt bears $2.4bn annually due to pollution... How did it change its policy to transition to a green economy?
SHARE

Over the past years, Egypt has been suffering from an increase in pollution, which prompted the government to take a package of measures to prevent the crisis from worsening and preserve the environment.

According to World Bank estimates, the environmental degradation resulting from air pollution costs Egypt about 5% of the annual GNP, or about $2.4bn annually.

Many ozone-depleting substances that were used in consumer, industrial, and agricultural products have been phased out.

Additionally, a national strategy has also been prepared to stop the use of hydrochlorofluorocarbons (HCFCs) used in many different sectors, the most important of which are the foam, thermal insulation, refrigeration, and air conditioning industries.

The green economy is an opportunity to skip development stages and apply advanced technologies to achieve food security, provide energy in rural areas, as well as a clean water supply, housing, sanitation facilities, and public transportation, which can create job opportunities and contribute to the eradication of poverty.

Hany Aziz — a consultant on environment and green economy — believes that the government must prioritise the transition to a green economy, and that the green economy should be based on resource efficiency and sustainable consumption and production patterns.

Furthermore, the green economy should not be used as a means to impose trade restrictions or conditions on aid or debt relief, and it should address trade distortions, such as environmentally harmful subsidies, he said.

Egypt’s strategy to transition to a green economy includes expanding the specific objectives of certain sectors — such as the energy and transportation sectors — as well as focusing on strategies, investments, and public policies that can advance the path of the green economic transformation.

The government has begun reviewing and redesigning government policies to stimulate shifts in production, consumption, and investment patterns.

It also followed an integrated plan to pay attention to rural development with the aim of alleviating poverty in the countryside while increasing resources, in addition to improving water quality, controlling its use, rationalising it, and preventing pollution.

Moreover, the government is working to attract investments in energy efficiency and sustainability through projects in various fields. It is also working on developing low-carbon strategies for industrial development and adopting cleaner production technologies.

Ahmed Kamal — Director of the Environmental Compliance and Sustainable Development Office of the Federation of Industries — said that a national programme has been implemented to promote the development of industrial zones into green, environmentally friendly, industrial zones.

Environmental compensation has also been imposed on every industrial, commercial, or service facility that violates environmental rules and laws and causes damage to the environment.

Coordination is taking place with the concerned authorities to work on the optimal use of resources and rationalise their consumption, in addition to the solar lighting project programme for some of the ministry’s facilities — within the sustainable development programme — according to Kamal.

The Ministry of Electricity and Renewable Energy has developed an integrated plan to increase the contribution of renewable energy from the total electric capacity produced on the national grid, where the percentage currently reaches 20% and is planned to increase to more than 42% in 2035.

It has provided an opportunity for international and Arab companies to invest in the field of electricity production from solar and wind energy plants, as well as invest in green hydrogen production and water desalination using renewable energy.

Furthermore, the ministry — in cooperation with the Ministry of Finance and Nasser Bank — is implementing a project to replace taxi cabs in Greater Cairo. This project aims to reduce 264,000 tonnes of carbon dioxide emissions annually while bringing in economic and social revenues.

Additionally, the Ministry of Environment is implementing an ambitious programme to convert government cars to run on natural gas instead of gasoline.

It is also cooperating with the Ministry of Trade and Industry to ban the production and import of two-stroke motorcycles and replace them with four-stroke motorcycles to reduce air pollution.

Moreover, it has contributed to preparing a draft law on the participation of the public and private sectors in infrastructure projects in order to attract more investments, including in the energy sector, to allow adaptation to the effects of climate change.

The environment ministry is also implementing industrial pollution control and environmental protection programmes for the private sector and the industrial public business sector, which include 120 projects to reduce industrial pollution.

The shift towards rational industries consuming natural materials, encouraging cleaner industrial production, reusing water, and controlling industrial sewage was also encouraged.

Meanwhile, in the agricultural sector, the focus has been on integrated agricultural management methods, raising the efficiency of water use in agriculture, improving irrigation and drainage systems, and modifying the crop structure in favour of less water-consuming crops.

You Might Also Like

TikTok updates its community guidelines

IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses

Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023

EFG Hermes records EGP 11bn revenue in FY22

Egyptian Environment Minister discusses cooperation with WFP representative in Cairo 

TAGGED: green economy
Share this Article
Facebook Twitter Email Print
Previous Article Banque Misr obtains license to operate in Somalia Banque Misr obtains license to operate in Somalia
Next Article Joint Egyptian-Austrian company to operate Abbassiya workshop for railway switches Joint Egyptian-Austrian company to operate Abbassiya workshop for railway switches
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
TikTok updates its community guidelines
Business
Strong representation of women in TV series of Ramadan 2023
Strong representation of women in TV series of Ramadan 2023
Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?