Egypt jumps 23 places in Climatescope 2017 report

Egypt gained a whopping 23 places on Bloomberg’s Climatescope 2017 annual report to rank 19th out of the 71 nations assessed for progress made towards clean energy transition and on clean energy investment. “[Egypt’s] significant progress was largely due to the surge in clean energy investment to some USD 745 mn in 2016 from almost nothing in the preceding year,” the report said. Egypt is only MENA region country to make it to the Top 20 of the report apart from Jordan. Egypt’s Benban solar park, which aims to be the largest in the world, has drawn pledges of over USD 1.8 bn from international finance institutions this year.