Egypt mobilizes €688 million through the Global Green Bond Initiative as the Ministry of Environment advances financing for the country’s National Climate Change Strategy 2050, according to a 2025 report reviewed by Minister of Local Development and Acting Minister of Environment Dr. Manal Awad.
The financing, mobilized in the Ministry’s capacity as national authority for the Green Climate Fund, is supported by the European Investment Bank and the United Nations Development Programme. Officials said the programme is designed to strengthen climate finance infrastructure and promote innovative financing mechanisms, with a particular focus on adaptation.
The initiative is expected to reduce 10 million tonnes of carbon dioxide equivalent emissions and benefit 8.3 million people through adaptation measures across participating countries.
Climate finance architecture and green bond mobilisation
Under the Global Green Bond Initiative, Egypt mobilizes €688 million to support implementation of national climate priorities aligned with long-term planning to 2050. The funding complements parallel approvals by the Green Climate Fund, including a $200 million Novastar Investment Fund and a $50 million equity allocation to Egypt to support climate technology investments.
Together, these instruments form part of a broader effort to scale climate finance while improving access to capital for adaptation and mitigation projects. The Ministry’s report highlights the role of blended finance and market-based tools in expanding available resources beyond traditional public funding.
International engagement and national commitments
The report also detailed Egypt’s engagement in international climate negotiations during the 30th session of the United Nations Framework Convention on Climate Change, held from November 10 to 21, 2025, in Belém, Brazil. Representing President Abdel Fattah El Sisi, Dr. Awad participated in negotiations within the African and Arab Group, as well as the Group of 77 and China, addressing emissions reduction, climate adaptation, capacity building, technology transfer, and climate finance.
Egypt’s national commitments advanced in parallel. The final draft of the country’s third update to its Nationally Determined Contributions has been completed, alongside Egypt’s first transparency report and its fourth national communication, which is undergoing approval prior to submission to the UNFCCC. Work is also underway on a National Adaptation Plan aimed at strengthening institutional capacity and integrating adaptation priorities into planning and budgeting processes.
Institutions, monitoring systems, and capacity building
As part of institutional reforms, a digital monitoring, reporting, and verification system is being developed in cooperation with the World Bank and German Development Cooperation. The Ministry also reported that 18 ministries and entities have established climate change units, supported by specialised training programmes for government employees.
International cooperation extended beyond climate finance. Egypt participated in the 62nd session of the Intergovernmental Panel on Climate Change in China, where the framework for the seventh assessment report—scheduled for release in 2029—was reviewed. National experts were nominated as authors and reviewers across the IPCC working groups and synthesis report.
The report further noted progress in ozone protection, including approvals for the customs release of 336 tons of methyl bromide, and capacity-building initiatives in refrigeration and air-conditioning maintenance through new training centres and regional programmes.
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