RESEARCH & ANALYSIS
Egypt's International Partnerships IN THE GREEN TRANSITION BY JOLLY MONSEF, MARIAM AHMED & YOUSTINA MOUNIR
Egypt is committed to doing its part in the green transition, in line with the Sustainable Development Goals (SDGs) and the national agenda. To revive green growth, Egypt takes a series of steps to move forward through public-private dialogue and international cooperation in order to ensure that the green national priorities and objectives are met.
Egyptian Energy Strategy 2035 In 2016, the Egyptian Supreme Council of Energy approved the 2035 Integrated Sustainable Energy Strategy (ISES), which aims to achieve the required energy balance in Egypt. Through the ISES, the contribution of renewable energy in electricity generation is expected to increase to reach 42% by 2035. According to New and Renewable Energy Authority (NREA), the council approved electricity production in 2035 plan as follows: ELECTRICITY PRODUCTION IN 2035 (%)
3
Nuclear Energy
42
Renewable Energy
RENEWABLES ENERGY SHARE (%)
55
26
14
2
Solar
Wind
Hydroelectricity
Thermal Power Plantsy
International Partnerships and Programs 1. Within Energy Sector Egypt is seeking partnerships with international agencies, institutions and banks to enhance its energy transition journey to ensure energy security and expand the implementation of renewable energy sources. THE EGYPTIAN-DANISH ENERGY PARTNERSHIP PROGRAM AGREEMENT
Parties
Date
Minister of International Cooperation & August 29, 2022 Minister of Electricity and Renewable Energy with the Energy Agency of the Danish Ministry of Climate, Energy and Utilities
14 | EGYPT OIL & GAS NEWSPAPER
Duration 3 Years (2019-2022)
Aim - Unlock Egypt’s Green Transformation - Invest in Renewable Energy to Achieve a Clean Energy Revolution