
HDB honours young winning bankers in competition of banks’ role in supporting transformation plan into green economy
Ceremony happens within activities of People and Banks Conference
Ceremony happens within activities of People and Banks Conference
Mohamed Farid, head of the Financial Regulatory Authority (FRA), said that EgyCop is the first entity of its kind to provide funding to help companies in terms of the transition towards a green economy.
This council would include the government and the private sector to facilitate and stimulate the deployment of green technology solutions across different sectors. Another recommendation also included developing a regulatory framework to stimulate cloud computing — the so-called global policy of cloud computing.
According to World Bank estimates, the environmental degradation resulting from air pollution costs Egypt about 5% of the annual GNP, or about $2.4bn annually.
This came during an interview with the Chairman of FRA in a documentary film that monitors, over the past ten years, the efforts made by the sustainable insurance initiative of the United Nations Environment Program since its launch in 2012
The delegation’s remarks came during a press conference held on the side-lines of the ‘GreenTech Business Mission to Egypt’ that is organised by AmCham Egypt in partnership with the US Chamber of Commerce and Egypt-US Business Council.
Event aims to promote green and climate-resilient solutions in agriculture to respond to environmental crises
Fouad stressed importance of the forum in consolidating Egyptian-Greek relationship
Country’s steps to transition to green economy began by conserving consumption of natural resources
The plan also addresses the issue of the transition to a green economy with a focus on environmental improvement initiatives, El-Said added.
EBRD chief Odell Reno-Paso is expected to visit Cairo this month, first visit to one of bank’s operations in region since she took office last November
El-Said also said that the Cabinet has recently approved a guide on environmental sustainability standards, whilst also launching its first green bond, which is also the first in the Middle East and North Africa (MENA) region.
Organisation negotiates with Opel to manufacture EVs in Egypt
During his speech, Mostafa added that the world is moving towards applying new strategies that encourage the transformation towards a green economy as a tool to achieve sustainable development.
EU provided funding for 38 projects, focuses on opportunities in MENA