27 November 2021 01:23 PM

Egypt in talks with EBRD over environment preservation

Monday، 08 February 2016 - 12:00 AM

Environment Minister Khaled Fahmi met on Monday 8/2/2016 with the European Bank for Reconstruction and Development (EBRD) mission for talks over preserving the environment and facing climate changes.

Fahmi, in his capacity as head of the African environment ministers conference, urged the bank to boost the implementation of the African Initiative for Renewable Energy, that was launched on the sidelines of the Climate Change Summit in Paris.

EBRD Country Manager for Egypt Philip ter Woort said the bank decided to allocate 40 per cent of its annual budget to green technologies as part of efforts to lower dioxide emissions.

The EBRD representatives expounded initial results of the study they are conducting on the low-carbon future of the cement industry in Egypt.

The study aims at analyzing economic, political and legislative frameworks of developing a low-carbon cement industry in Egypt.

MENA

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