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Egypt
EBRD Supports the Largest Onshore Wind Project in Africa
The European Bank for Reconstruction and Development (EBRD) is promoting renewable energy and low‑carbon technologies in Egypt by arranging a syndicated loan worth 275 million USD for the construction and operation of the largest wind farm in Africa. The 275…
Are Artificial Rivers the Future of Water Resource Management?
Water bodies cover about 70 percent of Earth’s surface, but how much do we truly value this precious resource? It is often said that what is abundant is taken for granted. The astonishing fact that water ecosystems make up such…
NEW SIGNIFICANT INVESTMENTS IN GREEN HYDROGEN
In order to develop green hydrogen and renewable technology, Egypt has signed seven Memoranda of Understanding with international developers regulating this field. In this way, Egypt has opened the door for investment worth 40 billion dollars, according to the World…
EU and Egypt Step Up Cooperation on Climate, Energy and the Green Transition
Today in Cairo, on the occasion of the visit of Commission President Ursula von der Leyen and her meeting with Egyptian President El Sisi, the EU and Egypt issued a joint statement on climate, energy and the green transition. “We are starting to tap into…
How to Value and Preserve Water
Thinking big to protect the world’s biggest natural capital asset Water, the source of life – celebrated on World Water Day – is under pressure from climate change. With some regions becoming drier and others ever more exposed to flooding,…
Over 200,000 Tonnes of Plastic Leaking Into the Mediterranean Each Year
A new IUCN report finds that an estimated 229,000 tonnes of plastic are leaking into the Mediterranean Sea every year – equivalent to over 500 shipping containers each day. Unless significant measures are taken to address mismanaged waste, the main…
GGF and National Bank of Egypt to Advance Climate Finance With USD 10 Million
The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, has loaned USD 10 million to the National Bank of Egypt (NBE) to support measures that reduce energy consumption, prevent CO2 emissions, and improve resource…