The Third Forum on Strategies For Transition To Green Economy
Egypt launched a strategy for transition to green economy within the framework of the state’s keenness on achieving sustainable development and implementing Egypt Vision 2030. The strategy is meant to ensure that 30 % of investment projects are committed to environmental sustainability standards, and this is reflected in the number of green projects included in the 2020-2021 fiscal year plan.
Under the plan, about 691 green projects will be implemented at a total of EGP 447.3 billion. About 15% of the general budget investments are allocated to these ventures in various fields; such as agriculture, transport, electricity, renewable energy, waste management, etc.
This falls within the framework of confronting future risks and challenges which Egypt could face; such as climate change, food security, water security, economic stability, public health problems, technological access and bio-diversity.
Therefore, the third edition of the Forum on Strategies for Transition to Green Economy is held with an aim of creating opportunities and effective partnerships between the parties concerned and those interested in achieving sustainable development in the country and giving a push to the shift towards green economy in order to face future risks.
This year the forum will review accelerators of the process of transition towards green economy and monitors the potential opportunities for achieving green development in light of the challenges besetting the world and Egypt’s capabilities in facing these challenges as well as sustainable financing resources and means of accessing them and the importance of responsible investment to push forward the sustainable development process.
The forum also addresses the features and concepts of future economies, such as blue economy, purple economy, etc.
It also tackles the threats of climate change as well as promising opportunities lying in regenerative agriculture, digital circular economy, sustainable manufacturing, etc.
The forum is the most effective interactive platform for the parties concerned with green growth as the event brings together experts as well as representatives from companies, institutions and government agencies interested in this score.
Moreover, donors, financiers, deserving companies, banks and financial institutions backing green projects are also due to attend the event.
It is worth mentioning that the first edition of the forum was held within the framework of the Africa Regional Ministerial Conference on Green Economy in collaboration with the World Green Economy Organization. The second edition of the forum witnessed the participation of more than 450 experts, organizations and leading companies in the fields of energy, smart cities, communications, recycling, etc.
The third edition of the forum is expected to witness the participation of more than 750 experts and parties interested in green economy.
On the sidelines of this year’s forum, an exhibition will be held to provide an opportunity for entrepreneurs and owners of green and eco-friendly projects to display their work in front of representatives of the government, private sector, civil society, and international and regional organizations.
This will offer an opportunity to exchange views and expertise in addition to engaging in effective partnerships in order to maximize chances of achieving sustainable growth of these projects.
CSR Arabia is a company e
stablished in 2015, with the aim of spreading awareness among companies and state institutions on the importance of fulfilling their social responsibilities toward the community, and it plays an important role in creating a state of integration between all community work stakeholders; through organizing several conferences, forums and workshops.
CSR Arabia Philosophy is built around bridging between Corporate Social Responsibility (CSR) and development. It also aims to ensure effective and dynamic channels of communication between governmental institutions, private sector and civil society organizations to support the alignment of CSR plans and activities with the overarching national policies and strategies of the government to achieve sustainable development.
(Where can promising opportunities be found?)
The session discusses means of accelerating the shift towards green economy in view of the challenges and sudden
changes which the world witnesses as well as Egypt’s potentials and promising opportunities.
With the participation of prominent representatives of governments and economic entities in Egypt and the Arab
world, the session is scheduled to tackle available opportunities for achieving green development.
• Features of green investment map in Egypt
• The efforts being exerted to implement the strategy for transition to green economy
Experts, leaders of financial institutions and heads of regional and international organizations review the features of future economy in light of the principles of responsible investment and sustainable financing tools. The session also stands on the most important opportunities for opening new investment vistas in vital sectors in order to realize sustainable economic growth and equitable development.
The session also tackles the role of green bonds alongside promoting innovation in creating solutions to environmental challenges and developing human capabilities to gear up for the future.
- Sustainable financing resources and how to access them
- Who is entitled to finance?
- Responsible investment and its role in getting ready for the future
The conferees debate the impact of climate change on Egypt and the region, and what are the necessary measures to adapt to these changes.
They also review the most important opportunities inherent in the various sectors that can arise from the challenges of climate change, such as energy, agriculture, technology, etc
The conferees tackle the concept of regenerative agriculture as well as the main principles and the most important practices in this regard. They also thrash out how regenerative agriculture contributes to confronting the impact of climate change.
It addresses the concept of digital circular economy to expedite the transition process via digital technology through effective partnerships and promoting the role of innovation and emerging companies.
The conferees address the concept of sustainable green manufacturing and its role in reducing waste and preserving resources.
They also expound means of shifting towards clean industry that is less harmful to the environment starting from the design stage to production by adopting modern and engineering technologies.
They also focus on the role of green manufacturing in boosting competitiveness of local products to find their way into global markets
A number of key experts and representatives of leading companies attend the session which is meant to review the features of future economies and their impact of on various current and new sectors as countries turn to green economy.
The session also tackles the role of these economies – like blue economy, purple economy, etc – in the development process