4th Forum on Strategies for Transition to Green Economy kicks off

4th Forum on Strategies for Transition to Green Economy kicks off
بقلم Marwa Nassar - -

The 4th Forum on Strategies for Transition to Green Economy kicked off in Cairo on Monday under the theme of “From Vision to Implementation.”

The event – organized by CSR Egypt – is held under the patronage of six ministries.

Minister of Social Solidarity Nivine Kabbaj attended the forum alongside representatives for the ministries of environment and youth and sports.

This falls within the framework o f the ongoing national efforts being exerted by the Egyptian government and development partners in accordance with directives of President Abdel Fattah El Sisi.

Green transition projects and programs are giving a top priority alongside climate change file and engagement in development partnerships with the private sector and international and regional development institutions to achieve sustainable and green growth.

This also paves the ground for the United Nations Climate Change Conference (COP27) which Egypt will host in November 2022.

CSR Egypt CEO Hassan Moustafa said Egypt took serious steps towards transition to green economy over the past eight years.

He highlighted the launch of Egypt’s national strategy for green economy and sustainable development.

He noted that Egypt was the first country in the Middle East and North Africa to issue green bonds, referring also to the rise in general budget allocations to green investments.

The forum is meant to review business community practices towards climate change issues and adaptation methods in view of local and international challenges and Egypt Vision 2030.

The forum also seeks to highlight the efforts and initiatives launched by the private sector to adopt sustainable practices, cut carbon emissions, rationalize resources consumption and improve manufacturing processes.

The forum also addresses the role played by companies and business institutions in buttressing the national strategy for green economy, cutting greenhouse gas emissions, curbing climate change and unifying efforts to achieve the best results in transition towards green economy.

The forum focuses through its sessions, activities and workshops to spread awareness and entrench green economy concepts and magnify the benefit of green financing, sustainable investment opportunities in addition to assessing social and environmental benefits.

The forum is scheduled to hold four panels to address green investment opportunities in Egypt and their financing mechanisms, green buildings, sustainability standards, the most growing sectors, the most important sectors expected to support transition to green economy and youths’ vision on climate change impact.

The forum includes an exhibition for green products – “ Green Hub” in addition to talks by experts on applying EDGE-LEED standards and carbon footprint management.

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