Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Minister of the Environment Resolution No. 34 of 2023 regarding the Environmental and Climate Investment Unit.

Country/Territory
Egypt
Document type
Regulation
Date
2022
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Energy, Environment gen., Food & nutrition, Water, Waste & hazardous substances
Keyword
Climate change Sustainable development Energy conservation/energy production Institution Capacity building Emissions Financing Protection of environment Renewable energy Tourism Waste management Freshwater resources management
Geographical area
Africa, Mediterranean, Middle East, Near East and North Africa, Northern Africa, Red Sea & Gulf of Aden
Entry into force notes
This Resolution enters into force on the date of its publication in the Official Gazette.
Abstract

This Resolution, comprising three articles, aims to establish the Environmental and Climate Investment Unit within the Ministry of Environment aiming at attracting and stimulating investments in various environmental projects, including mitigation and climate change adaptation projects in the sectors like energy, sustainable agriculture, food production, water, waste management, bioeconomy activities, and ecotourism. Primary objectives of the Unit are as follows (i) achieve low-carbon economic growth to reduce carbon emissions and the carbon footprint; (ii) explore unconventional and innovative solutions; (iii) promote private sector involvement, encourage entrepreneurs and emerging companies to engage in green projects, and foster environmental and climate investment; (iv) collaborate with the banking sector, donor institutions, and financing entities to create viable opportunities for implementing green projects; (v) support the identification of investment opportunities in promising sectors such as waste, energy, and recycling, emphasizing and promoting them; (vi) address challenges and obstacles facing investors, transforming them into opportunities for sustainable development; (vii) facilitate a flexible transition to a green economy in response to climate change.

Full text
Arabic
Website
www.eeaa.gov.eg