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What are Egypt’s targets and spending plans for the green economy in FY 2024-25?
The gov’t aims to generate 20% of its electricity from renewables in the coming fiscal year
IFC’s Sustainable Banking and Finance Network upgrades Egypt’s sustainable finance rating
The SBFN attributed the upgrade to “collaboration among Egypt’s financial regulatory bodies” to promote sustainability
Egypt should set specific climate targets, boost the private sector role in combating climate change, the OECD suggests
OECD also recommends Egypt should double down on phasing out energy subsidies
Gov’t awards 11 concessions for gas exploration in the western Mediterranean. PLUS: Shelf Drilling, Sabbour Consulting, Sky Developments
The concessions were awarded to BP, ExxonMobil, TotalEnergies, Chevron, and Shell.
Building materials manufacturers are looking to boost compliance with EU environmental standards
The industry needs to monitor its carbon footprint and introduce CE marking, head of CBMI told us
A whole lot of green ambitions for El Sisi’s new term
The government sees Egypt becoming a global hub for green hydrogen by 2030
Egypt’s Green Economy in 2023: A run-down of initiatives, investments, and commitments one year on from COP27
Egypt is aiming to use renewables for 42% of power produced by 2030 and 60% by 2040
Green finance could be in trouble
New capital requirements on Wall Street will rock the green finance boat: Basel 3 Endgame — the final stage of…
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