14 June 2021
The Third Forum on Strategies For Transition To Green Economy
Intercontinental Citystars - Cairo
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 established 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 effective multilateralism cooperation features and 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.
• The role of multilateralism cooperation in boosting green growth
• Features of green investment map in Egypt
• The efforts being exerted to implement the strategy for transition to green economy
– Dr. Mahmoud Mohieldin, Executive director of International Monetary Fund
– Mr. Christian Berger, Ambassador and head of the EU Delegation
– Lt. General Abdel Moneam Al Tarras, Chairman of Arab Organization for Industrialization
– H.E.Dr. Yasmine Fouad, Minister of Environment
– H.E.Dr. Hala Elsaid, Minister of Planning and Economic Development
(Finance – Investment – Export)
The session will review the features of future economy in light of sustainable financing tools, stand 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 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
– Mr. Walid Labadi, Country Manager – Egypt, Yemen and Libya at IFC
– Ms. Mayada Magdy Ragheb, Country Senior Representative, JICA Egypt
– Dr. Dalia Abdel Kader, Chief Sustainability Officer – Commercial International Bank (CIB)
Threats that can bring about chances
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
• Dr. Hesham Eissa, Co-Founder of DCarbon Egypt, environmental science and climate change Expert
It will address the major green construction trends, the use of green materials to achieve LEED certification, and how green structure design can minimize negative impacts to the environment, and maximize economic benefits — especially in light of the COVID-19 pandemic.
•Prof.Dr.Hend Farouh, Professor of Environment and Sustainable Design at Egypt’s Housing and Building National Research Center, National project manager of Egypt-PV,IMC/UNDP
It will review the legislative vision of the integrated waste management system in Egypt by amending the institutional,
legal and governance frameworks, in addition to addressing the current and future status of the system
by explaining the philosophy of the new law to regulate waste management. It also sheds light on the importance
of regulations and green economic tools for the success of the integrated waste management system.
•Judge. Dr. Ehab Tarek, Senior advisor to Minister of Environment, Ex-International staff member at United Nations
• Water management & wastewater treatment
– Eng. Emad Ghaly, Managing director of Siemens Energy in Egypt
– Mr. Amr El Kady, Regional Director for Egypt, Middle East and Africa – Plastic Bank
– Eng. Sherif El Gabaly , Chairman of Enara Capital
It will highlight the need to transform traditional supply chain models and look for longer-term digital solutions, as well as it will discuss how companies do to respond to business disruption and supply chain challenges from the global lockdown of COVID-19.
• Mr. Ahmed Mansour, Secretary General of Egypt’s National Postal Authority
The session gathers economists and leaders of banks and funds to exchange visions and review the features and opportunities in Egyptian market in the future to push the economic recovery and drive a transition towards greener, cleaner, and more resilient businesses. The session also tackles the role of impact investing in creating purpose-driven business generation.
• The role of banks and investment funds in supporting SMEs after the pandemic.
• The promising opportunities to increase SMEs contributions in recovery process.
• Features of impact investing and how it can redirect capitals towards SDGs.
• The future of the development agenda in light of responsible investment in Egypt.
– Mr. Ahmed El Alfi, Founder and CEO, Sawari Ventures & Greek Campus
– Ms. Sherine Shohdy, Country Coverage Director – CDC Group – Egypt