Speaking on the first day of the inaugural Egypt International Cooperation Forum (Egypt – ICF), launched by the Ministry of International Cooperation, taking place in Cairo between 8-9 September, El-Sisi said: “No government alone can make this recovery possible. It requires the support of the international community and financial institutions to achieve the UN SDGs.” H.E. Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, today called upon the international community to unite and spark a “green recovery”.
News, indicators and facts of the work of the Green Fiscal Policy Network and our partners in Egypt.
Emirates NBD is providing 2 billion Egyptian pounds (over $127.35 million) of financing for the construction of a new agricultural wastewater treatment plant in Upper Egypt. Called Al – Hamam, the facility will have a treatment capacity of 6 million m3 per day.
Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.
The coronavirus crisis is a window of opportunity to transform the economy and especially, to make it “green.” Previous economic crises such as the financial crisis in 2008/09 and the oil
Cuts in energy subsidies and expansion of solar and wind power driving Egypt’s energy transformation
1 November 2019: The government has recently slashed energy subsidies as part of a series of fiscal reforms, reducing public spending on subsidies from a high of 5.9% of GDP
Despite widespread agreement among experts about the benefits of reforming fossil fuel subsidies, repeated international commitments to eliminate them, and valiant efforts by some countries to reform them, they continue
7 February 2018 – Egypt’s fuel subsidies have jumped by 34 percent in the fist half of the 2017-18 fiscal year, the Egyptian oil minister said on Wednesday, rising to 51
6 July 2017 – Egypt’s electricity and energy minister announced an increase in electricity prices between 18 and 42 per cent depending on consumption. The measure is part of the
This Policy Research working paper is a product of the Energy and Extractives Global Practice Group at the World Bank Group. The paper provides an overview of experiences with fossil