87
Norway and Germany have officially signed a €60 million grant to support Egypt’s green transition efforts. This funding aims to bolster the country’s initiatives in sustainable development and renewable energy.
The agreement was signed during a ceremony attended by officials from both countries, alongside representatives from the Egyptian government. The grant will primarily focus on projects that enhance environmental sustainability and promote the use of renewable energy sources in Egypt.
Norwegian and German officials expressed their commitment to supporting Egypt’s goals of reducing carbon emissions and fostering a greener economy. The funding is expected to facilitate various projects, including the development of renewable energy infrastructure and initiatives aimed at improving energy efficiency.
Egypt has been actively pursuing a strategy to transition to a more sustainable economy, aiming to position itself as a leader in renewable energy within the region. This grant will significantly contribute to these efforts, helping to implement innovative solutions and technologies.
As part of the collaboration, both countries will work closely with Egyptian authorities to ensure the effective allocation of resources and the successful implementation of projects. This partnership underscores the growing international support for Egypt’s commitment to sustainability and environmental protection.
