Arab Finance: Egypt implemented EGP 215.5 billion in green public investments during fiscal year (FY) 2024/2025, according to a report reviewed by Minister of Planning and Economic Development Ahmed Rostom.

The green public investments were directed across seven key sectors, with green transport accounting for the largest share at 71.5% of total green investments.

Projects under the Hayah Karima initiative came as the second-largest share, representing 10.5% of total green investments, followed by sustainable urban development at 8%, environmental improvement at 4.5%, agriculture and irrigation at 3%, and clean energy at 1.5%, in addition to investments in the telecom sector.

The report also showed that 87% of total green investments were allocated to climate mitigation projects, while the remaining 13% supported climate adaptation initiatives.

Rostom said the increase in green public investments supports the government's efforts to expand environmentally sustainable projects in line with Egypt's National Climate Change Strategy. These efforts also contributed to improving Egypt's ranking in the Public Investment Management Assessment (PIMA) from a climate perspective.

He noted that the ministry is working to raise the share of green public investments from 15% in FY 2020/2021 to around 60% in the current FY 2026/2027.

The minister elaborated that green investments during FY 2024/2025 were directed toward several major projects, including the Cairo Metro, the high-speed electric rail network, new and renewable energy power plants, solid waste management systems, and hazardous medical waste disposal facilities.

Earlier in June, the Ministry of Investment and Foreign Trade and the United Nations Development Programme (UNDP) discussed blended finance mechanisms as well as technical assistance and capacity-building programs designed to facilitate green investment projects.