{"id":577093,"date":"2022-11-09T04:04:16","date_gmt":"2022-11-09T04:04:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/"},"modified":"2022-11-09T04:04:16","modified_gmt":"2022-11-09T04:04:16","slug":"egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/","title":{"rendered":"Egypt\u2019s current policies aren\u2019t enough to curb emissions, says World Bank"},"content":{"rendered":"<p><strong>Egypt could reach extreme water scarcity by 2033<\/strong> if population growth continues along its current trajectory, according to a <a href=\"https:\/\/ent.news\/2022\/11\/Egypt-World-Bank-Country-Climate-and-Development-Report-2022_mainreport_1102.pdf\">World Bank report (pdf)<\/a>. Launched on the sidelines of the COP27 summit yesterday, the report highlights the most serious climate challenges facing the country in the coming years and proposes a number of responses policymakers can make to mitigate and adapt to the climate crisis.<\/p>\n<p><strong>Almost every single one of us is already impacted by climate change:<\/strong> Of those living in Egypt\u2019s 14 major cities, between 80% and 100% of people are vulnerable to at least one major climate risk, including flooding, heat stress, pollution, desertification and rising sea levels, the report says. On the current trajectory, this will only worsen as the volume of water in the Nile decreases, sea levels rise, and the country\u2019s population grows.<\/p>\n<p><strong>Right now, more economic growth = more emissions:<\/strong> Though Egypt only accounts for a small percentage of the world\u2019s emissions, the quantity of CO2 the country produces remains \u201ctightly linked\u201d to economic growth, with the industrial and energy sectors being responsible for more than three-quarters of emissions.<\/p>\n<p><strong>Current targets are not enough:<\/strong> With Egypt not yet committing to reach net-zero, the Bank says that the current policies will not be enough to significantly lower emissions. Though it will be able to meet its updated nationally determined contributions (NDCs) by 2030, the Bank\u2019s analysis predicts emissions will be 55% higher than current levels by the middle of the century.<\/p>\n<p><strong>The solutions:<\/strong> The Bank goes into detail about the potential policy responses that could help Egypt use its water resources more efficiently, adopt more ambitious emissions-reduction targets, and attract investment into priority areas.<\/p>\n<p><strong>The private sector \u2014 and fostering a business-friendly environment \u2014 will be key to solving these challenges:<\/strong> \u201cThe private sector can play an absolutely critical role\u201d in helping Egypt curb its vulnerability to climate change, Marina Wes, the World Bank's country director for Egypt, Yemen and Djibouti, told Enterprise. \u201cFinancing needs are very large, and a significant portion would have to come from the private sector. To unlock the full potential of private-sector funding, it\u2019s absolutely critical to have an enabling environment in place and a policy environment in place that is conducive to raising such finance.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt could reach extreme water scarcity by 2033 if population growth continues along its current trajectory, according to a World Bank report (pdf). Launched on the sidelines of the COP27 summit yesterday, the report highlights the most serious climate challenges facing the country in the coming years and proposes a number of responses policymakers can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":577094,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7545],"tags":[7286,72,1122,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate","tag-climate","tag-enterpriseam","tag-marina-wes","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"ec125423-ecc9-4a6d-b841-85f0ba03cb55","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/151.jpg","photo_position":"above","related_issue":[577083],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s current policies aren\u2019t enough to curb emissions, says World Bank - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s current policies aren\u2019t enough to curb emissions, says World Bank\" \/>\n<meta property=\"og:description\" content=\"Egypt could reach extreme water scarcity by 2033 if population growth continues along its current trajectory, according to a World Bank report (pdf). Launched on the sidelines of the COP27 summit yesterday, the report highlights the most serious climate challenges facing the country in the coming years and proposes a number of responses policymakers can [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-09T04:04:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/151.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s current policies aren\u2019t enough to curb emissions, says World Bank\",\"datePublished\":\"2022-11-09T04:04:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/\"},\"wordCount\":385,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/151.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Climate\",\"EnterpriseAM\",\"Marina Wes\",\"World Bank\"],\"articleSection\":[\"Climate\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypts-current-policies-arent-enough-to-curb-emissions-says-world-bank\/\",\"name\":\"Egypt\u2019s current policies aren\u2019t enough to curb emissions, says World Bank - 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The report \u2014 which outlines the 10 biggest threats the world faces in the years ahead \u2014 showed that officials and\u2026","rel":"","context":"In &quot;Macro picture&quot;","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/455.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567053,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/12\/egypts-economy-to-grow-5-9-this-year-world-bank\/","url_meta":{"origin":577093,"position":1},"title":"Egypt\u2019s economy to grow 5.9% this year -World Bank","author":"enterpriseam admin","date":"12 January 2020","format":false,"excerpt":"Egypt\u2019s economy to grow 5.9% this year -World Bank: Egypt\u2019s economy is expected to grow at a 5.9% clip in FY2020-2021, with the growth rate set to accelerate to 6% in FY2021-2022 and remain at that level throughout the following fiscal year, according to the World Bank\u2019s Global Economic Prospects\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/567.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579745,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/16\/planet-earth-has-some-daunting-climate-challenges-with-a-ballooning-population\/","url_meta":{"origin":577093,"position":2},"title":"Planet Earth has some daunting climate challenges with a ballooning population","author":"enterpriseam admin","date":"16 November 2022","format":false,"excerpt":"The global population is now at 8 bn, a milestone that brings daunting \u2014 but not insurmountable \u2014 climate challenges: Earlier this week, the global population reached 8 bn people and is on course to reach 10.4 bn by the 2080s, the UN said. These figures, along with the fact\u2026","rel":"","context":"In &quot;Climate&quot;","block_context":{"text":"Climate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/climate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/666.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572029,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/world-bank-downgrades-egypts-gdp-growth-forecast-this-fiscal-year-to-3-0\/","url_meta":{"origin":577093,"position":3},"title":"World Bank downgrades Egypt\u2019s GDP growth forecast this fiscal year to 3.0%","author":"enterpriseam admin","date":"9 June 2020","format":false,"excerpt":"World Bank downgrades Egypt\u2019s GDP growth forecast to 3.0% for the fiscal year ending this month: The World Bank expects Egypt\u2019s economy to end the current fiscal year \u2014 which comes to a close on 30 June \u2014 with 3.0% growth, down from the 5.9% the bank had penciled in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/93.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577210,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/the-enterprise-climate-ceo-poll-orascom-constructions-osama-bishai\/","url_meta":{"origin":577093,"position":4},"title":"The Enterprise Climate CEO Poll: Orascom Construction\u2019s Osama Bishai","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"Enterprise Climate CEO Poll- Osama Bishai, Orascom Construction: As COP27 rolls on, so does the inaugural Climate CEO Poll from Enterprise Climate and EnterpriseAM. In this series of interviews, we discuss key issues with top CEOs including climate finance, regulation, and the move towards a green economy.Osama Bishai (LinkedIn) is\u2026","rel":"","context":"In &quot;CLIMATE CEO POLL&quot;","block_context":{"text":"CLIMATE CEO POLL","link":"https:\/\/enterpriseam.com\/egypt\/category\/climate-ceo-poll\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/218.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577019,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/cop27-kicks-off-with-loss-and-damage-financing-formally-on-the-agenda\/","url_meta":{"origin":577093,"position":5},"title":"COP27 kicks off with loss and damage financing formally on the agenda","author":"enterpriseam admin","date":"7 November 2022","format":false,"excerpt":"Nations will discuss loss and damage financing for the first time at COP27: A \u201cbreakthrough\u201d agreement allowing diplomats to officially debate for the first time who should pay for damage sustained by the countries most vulnerable to climate change was announced on the first day of COP27 yesterday.High drama: The\u2026","rel":"","context":"In &quot;COP WATCH&quot;","block_context":{"text":"COP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/cop-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/105.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577093"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577093\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577094"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577093"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577093"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}