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The Ministry of Planning: Increasing the percentage of green public investments to 50% in 2025

The Ministry of Planning and Economic Development held a meeting to discuss mechanisms to support the transformation of the private sector into a green economy, and the meeting was via video conference, in the presence of Dr. Jamil Helmy, Assistant Minister of Planning for Follow-up Affairs on the Implementation of the Sustainable Development Goals, and Dr. Karim Morsi, Advisor to the Minister of Environment for the Private Sector, Sherif Daoud, Deputy Director of the Sustainable Development Unit at the Ministry of Planning, representatives of the Federation of Industries, the Egyptian Businessmen Association, the Young Businessmen Association, the Alexandria Businessmen Association, and Assiut.


During the meeting, Dr. Jamil Helmy affirmed the government's keenness to follow a participatory approach in planning, explaining that the triangle of success is represented in the government sector, the private sector, and civil society, noting that Egypt's Vision 2030 included making the environmental dimension a main focus in all development sectors in a way that achieves The security of natural resources and supports the fair use and optimal exploitation of them and investment in them, in a manner that guarantees the rights of future generations, and works on diversifying sources of production and economic activities, and contributes to supporting competitiveness, providing new job opportunities, alleviating poverty, and achieving social justice while providing a clean, healthy and safe environment for the citizen Egyptian.


Helmy reviewed the foundations of environmental trends at the national level, including the mandates of the political leadership to focus on the green economy, and take into account all environmental dimensions in development projects, the Egyptian Constitution, where Article 32 stipulates the preservation of natural resources and respect for the rights of future generations, the National Agenda for Sustainable Development "Egypt Vision 2030." Fifth goal: "An integrated and sustainable environmental system", Environment Law No. 4 of 1994, Investment Law No. 72 of 2017, Article 11, Law regulating contracts concluded by public authorities No. 182 of 2018.


On the importance of the transition to a green economy, Helmy pointed out that it is represented in enhancing economic growth opportunities and diversifying production sources, growth in job opportunities, increasing the competitiveness of local products, as well as rational management of environmental systems and natural resources, creating new investment areas, and enhancing the state’s ability to achieve security. Water and food, as well as protecting the health of citizens, especially in light of the repercussions of Corona.


Helmy explained that the state is working to increase the volume of investments directed to government projects that include an environmental dimension, and this contributes to promoting the achievement of sustainable development goals related to the environment, as well as directing ministries towards priority projects that take into account the environmental dimension and achieve environmental sustainability in government projects, with the aim of Improving Egypt's competitiveness in the environmental performance index by increasing the percentage of green public investments out of total public investments from 15% in 20/2021 to 30% in 21/2022 and up to 50% in 25/24.


Helmy highlighted the importance of the Environmental Sustainability Standards Guide, which is a practical and applied tool to achieve the goals of Egypt's Vision 2030 related to integrating the environmental dimension into the planning system, and it also contributes to accelerating progress in achieving the indicators of the United Nations sustainable development goals, and all relevant international commitments, in addition to It incorporates environmental sustainability considerations into project financing criteria, and sets a roadmap for the gradual exit of technologies that deplete natural resources.


On the criteria for defining green projects, Helmy explained that they are considered projects that have a positive impact on the environment, ensure the preservation of natural resources and biodiversity, reduce pollution, and result in raising the efficiency of public spending and increasing its development return, and thus green projects can achieve important results and effects, including reducing Waste and wastage in agricultural production, rationalization of water consumption, optimal use of wastewater in a manner that takes into account public health, in addition to encouraging dependence on smart and sustainable transportation.


Helmy reviewed the most important green projects in the plan for the fiscal year 2022/21, as the plan aims to direct investments to green environmental projects through solid waste system initiatives, expansion of metro and electrified train networks, wind and solar energy projects. The value of investments in the plan is about 96 billion pounds, of which 94 EGP 1 billion for smart transportation projects, EGP 1.9 billion for renewable energy projects.


The Assistant Minister of Planning referred to environmental sustainability practices in the private sector, including waste management "separation / recycling", paperless transformation and remote work, assessing the extent to which suppliers adhere to environmental sustainability standards, reducing carbon footprint, reducing plastic consumption, using LED lighting lamps, investing in fields Green "clean energy", relying on renewable energy sources for energy consumption.


Helmy addressed the efforts exerted to integrate the private sector into the green economy, as the Ministry of Planning signed a cooperation protocol with the company (ECOnsult) with the aim of achieving sustainable development in villages and rural communities, "The Guide to Sustainable Rural Communities", in addition to a cooperation protocol with the Alexandria Men's Association to create an environment that encourages the private sector. on green transformation and investment in more sustainable areas,” the ministry also coordinated with Lafarge to encourage green construction.