On Thursday 7/7/ 2022, Egypt launched the “NWFE ” program to attract funds and investments for a list of green projects in the water, food and energy sectors.
The Ministry of Environment prepared this program in cooperation with the concerned ministries with respect to the National Climate Change Strategy 2050 and the Nationally Determined Contributions Plan 2030, which resulted in a package of programs and projects that were classified and merged to be projects that support the field of Water–Energy–Food nexus.
Projects
The projects of the “NWFE” Program aim to promote eco-friendly projects with respect to the National Climate Change Strategy 2050, and to enhance Egypt’s Vision 2030, through the active participation in financing the list of projects by development partners, international financial institutions, multilateral development banks, as well as the private sector.
Participants
A large number of companies, development partners and representatives of the private sector are participating to mobilize development financing for climate action, and to provide a role model regionally and globally, in line with Egypt’s goals in the climate issue, through innovative financing mechanisms and by turning climate-related pledges into action.
Axes
– Financing and investing in climate projects.
– Promoting a list of green development projects in the water, food and energy sectors.
– Promoting green transformation and food security.
– Promoting the various areas of sustainable development.
Development finance
The “NWFE” Program is the mechanism through which the Ministry of International Cooperation will promote the list of green development projects in the water, food and energy sectors, which come at the forefront of the state’s National Climate Change Strategy 2050.
The Ministry of International Cooperation was keen to hold the joint coordination cooperation platform of the Development Partners Group, chaired by the United Nations and the German Embassy for this year, to present these projects to all partners in order to provide development financing, discuss innovative financing mechanisms, and turn global pledges of climate finance into action.
The “NWFE” Program has been set in accordance with national visions and strategies, to provide development funds, technical support and expertise to implement green projects in the field of adaptation and mitigation of the consequences of climate change.
Egypt aims, through “NWFE” Program, to implement its national goals, take into account the global goals to confront climate change.
The European Bank for Development and Reconstruction (EBRD) is a key partner for Egypt in implementing energy projects
The African Development Bank (AFDB) is also an important partner in the water sector, as the launch of the joint country strategy between the government and the African Development Bank 2022-2026 during the Egypt-ICF 2022 Forum in its second edition is the best evidence of the strong relations between the two sides.
Great efforts are being made, in cooperation with the International Fund for Agricultural Development (IFAD), to enhance national efforts to implement projects that enhance agricultural sustainability and resilience to climate changes in various governorates.
On August 31, 2022, the Minister of Environment Dr. Yasmine Fouad, the Ministerial Coordinator and Envoy of the COP27 Climate Conference, met with John Kerry, the US presidential envoy on climate affairs, to discuss aspects of joint cooperation between Egypt and America, in light of Egypt’s preparations to host the COP27 climate conference, on the sidelines of its participation in the G20 Joint Environment and Climate Ministers’ Meeting held in Indonesia, in the presence of Ambassador Ayman Tharwat, representative of the Ministry of Foreign Affairs, and Dr. Amr Osama, Advisor to the Minister of Environment for Climate Change.
