Planning: $4 billion worth of international agreements to produce green hydrogen

The Ministry of Planning and Economic Development issued a report on government initiatives and programs directed at environmental improvement and the transition to a green economy, with the plan for the current fiscal year 22/2023.

Dr. Hala Al-Saeed, Minister of Planning and Economic Development, stated that with the global economy gradually recovering from the Corona virus pandemic during 2021, the issue of climate change and environmental degradation has returned to the top of the list of thorny issues that require a unified global response in line with the sustainable development goals and with the Convention Paris (2015), and the Conference of Parties (COP 26) held in Glasgow in 2021 called for taking the necessary measures to combat climate change, stressing the importance of the transition to a green economy, which leads to economic growth and sustainable development without being accompanied by environmental degradation, stressing that Realizing the dangers of climate change and its negative consequences on economic resources, Egypt is keen to preserve the ecosystem and preserve natural resources, which is reflected in the concerted efforts of all ministries and state agencies to provide the elements for environmental improvement in terms of achieving environmental sustainability and developing a green economy.

In this context, Al-Saeed indicated that the Ministry of Planning and Economic Development and the Ministry of Environment prepared a guide to environmental sustainability standards, and launched the first version in 2021 under the name of the strategic framework for green recovery. Developmental returns and improves the quality of life for citizens. The guide identifies the current sustainability criteria at the level of 14 economic sectors, and the parties responsible for them, and for measuring the relevant performance indicators that measure the development impact of various projects and interventions, and thus appoints the decision-maker with a priority perspective in determining safety. and environmental sustainability in line with sustainable development plans.

Al-Saeed added that in the context of Egypt’s hosting of the Conference of Parties to the United Nations Framework Convention on Climate Change (Cop 27), the government is keen on adopting initiatives that support sustainable green growth, with investments ranging between 35% and 40% of the total investment in the year of the plan. Currently, to reach 50% by 2025 and 100% by 2030. Therefore, the plan adopts several programs aimed at addressing climate change and its negative repercussions on the national ecological and economic system.

The report of the Ministry of Planning reviewed the most important government initiatives and programs directed at environmental improvement and the transformation of the green economy. In the transportation sector, the plan includes the expansion of advanced transport projects, such as the monorail, the alternative frequency bus for microbus on the ring road, as well as subway networks and electric cars, in addition to the program for converting cars, in addition to the program for converting electric cars. In the industrial sector, the Ministry of Trade and Industry adopts several programs to combat industrial pollution and protect the environment, with a focus on rational industries in the use of energy, water and natural resources, while supporting industries that protect the environment, re-internationalization of waste and the use of industrial wastewater, as well as Expanding the conclusion of international agreements for the production of green hydrogen as a feedstock for the production of green ammonia, with an estimated cost of the first phase of about 4 billion dollars.

With regard to the electricity and renewable energy sector, the initiatives put forward in the plan aim to raise the percentage of renewable energy to 22% of the total energy used in the year 22/2023, and then to 25% in the year 2025/24, and to approach the targets of 2035 (42%), through the expansion of Solar energy projects and wind farms to generate electricity, such as the Benban solar power plant in Aswan, and the Ras Ghareb project to operate wind farms, in addition to encouraging projects that convert waste into energy, and for the agricultural sector, the initiatives put forward in the plan include the expansion of organic cultivation, and the rationalization of the use of chemical pesticides. Insect and insecticides, as well as the expansion of automated slaughterhouses to raise the efficiency of veterinary units, as well as the expansion of the cultivation of crops that are resistant to drought, moisture and salinity and use less water, with a focus on modern farming techniques and the development of new strains of early maturity.

Regarding the water resources and irrigation sector, the initiatives include the expansion of the modern field irrigation system, the use of the reciprocal irrigation system for planting lines, the expansion of groundwater desalination, the expansion of rain and flood water storage projects, the improvement of the quality of irrigation and public and covered drainage networks, and the expansion of coverage work from drains and canal lining. With regard to the tourism sector, initiatives include revitalizing green tourism within the framework of the environmental sustainability system by stimulating the establishment of hotels compatible with the environment (Ecolodge), similar to the successful experiences in the resorts of Siwa Oasis and Marsa Alam in the Red Sea, and Dahab in the Gulf of Aqaba, and by following up on the commitment of Companies and establishments comply with environmental controls as a prerequisite for obtaining environmental validity certificates and to continue their work. There are also initiatives to convert tourist-licensed vehicles to work with environmentally friendly energy, as well as obligating diving centers to obtain the green mark, and obligating all hotel and tourist facilities in Sharm El-Sheikh (as a first stage) to benefit Obtaining the accreditation certificate in accordance with the requirements of green and environmentally friendly practice.

With regard to institutional measures, the report indicated that environmental legislation has been amended and environmental management systems have been developed to focus on green economic development that is less dependent on carbon, include the environmental dimension in all development projects, and increase penalties against environmental erroneous practices. In this context, the Egyptian index of social responsibility was launched. For 100 companies listed on the stock market, including environmental and social aspects, the issuance of green bonds for companies is being accelerated in cooperation with international financial institutions in order to finance environmental projects based on clean energy.

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