Source: Middle East Institute
Author(s): Deborah Lehr
Original Link: https://www.mei.edu/publications/green-financing-egypt
The green movement has been slow to catch on in Egypt, but the January announcement by the Egyptian government that it is finalizing plans to launch the country’s first green bonds could provide the financial incentives to further promote sustainable development. “Sustainability” is one of the fastest growing sectors globally, estimated to reach as much as $12 trillion annually by 2030. With major infrastructure development planned, a sophisticated financial sector, and significant vulnerabilities to climate change, Egypt should move full steam ahead in embracing green finance.
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