ESCWA: Climate finance to Arab region went mainly to Egypt, Iraq, Morocco
The United Nations Economic and Social Commission for Western Asia (ESCWA) said climate finance to ...
The European Bank for Reconstruction and Development (EBRD) is lending up to $ 4.8 million to Intro Sustainable Resources (Intro-SR) and Intro Solar S.A.E in Egypt.
The loan will finance Intro-SR’s equity stake in a portfolio of energy efficiency, waste to energy, waste management and solar photovoltaic (PV) projects. The projects include one of the first private-to-private energy generation projects in Egypt, aimed at promoting resource consumption efficiency.
Intro-SR was established in the Dubai International Financial Centre (DIFC) in 2020 to develop renewable energy, energy management, waste to energy, energy efficiency, and waste management projects. It is owned by Intro Investments Holding Ltd. established in 2016.
Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the EBRD has invested more than €8.5 billion in 144 projects across the country.
The United Nations Economic and Social Commission for Western Asia (ESCWA) said climate finance to ...
Elizabeth Maruma Mrema, Deputy Executive Director of the United Nations Environment Program (UNEP), said every ...
President Abdel Fattah El Sisi issued eight directives on the Labor Day to ensure providing ...
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