Al Wādī al Jadīd

Banī Suwayf

Al Qāhirah

Ad Daqahlīyah

Dumyāţ

Al Fayyūm

Al Gharbīyah

Al Jīzah

Al Ismā'īlīyah

Janūb Sīnā'

Al Qalyūbīyah

Kafr ash Shaykh

Qinā

Al Uqşur

Al Minyā

Al Minūfīyah

Maţrūḩ

Al Iskandarīyah

Būr Sa‘īd

Aswān

Sūhāj

Asyūţ

Ash Sharqīyah

Al Baḩr al Aḩmar

Shamāl Sīnā'

Al Buḩayrah

As Suways

Egypt

The Ministry of Electricity and Renewable Energy has taken several measures aimed at increasing the contribution of new and renewable energy, which is planned to reach 42% of the total electrical energy produced in 2035.

Distribute about 12 million energy-saving bulbs on participants through electricity distribution companies  by 2015 against a 2012 baseline

Achieving a cumulative energy savings of 5% between 2012 and 2015 (compared to the average of the previous five years of consumption) by 2012-2015 compared with a 2007-2012 scenario

Generate 20% of the country's electricity from renewable sources by 2020

Climate Project Explorer

{text} climate projects

Climate Project Explorer is a single point of entry for navigating and exploring the MCF's documents (including project documents and policies).

Climate Fund Search

Quickly and easily search through the complete text of thousands of project documents.

Search the Climate Project Explorer database

<p>The Egypt Oasis Project: Climate Change Adaptation to Improve Livelihoods in Siwa Oasis (CCAILSO) is a comprehensive multi-sector initiative funded by the <a href="https://www.adaptation-fund.org/project/egypt-oasis-project-climate-change-adaptation-to-improve-livelihoods-in-siwa-oasis-ccailso/" target="_blank">Adaptation Fund</a>. The project secures USD 8,000,000 in grant financing to protect the vulnerable, closed-basin ecosystem of the <a href="https://en.wikipedia.org/wiki/Siwa_Oasis" target="_blank">Siwa Oasis</a> from climate threats. It focuses heavily on upgrading soil and water management systems, securing agricultural production, and diversifying local incomes.</p>

To reduce GHG emissions from Egypt's building sector by scaling up distributed renewable energy technologies, enhancing energy efficiency measures, and promoting low-emission building designs, contributing to the country’s climate mitigation efforts, achievements of NDC renewable energy targets and sustainable development goals.

It is expected that USD 2.8 trillion will be needed between 2020 and 2030 for Africa to implement its Nationally Determined Contributions (NDCs). Yet, in 2019 and 2020, Africa received only 12 to 15 per cent of the required investments for climate action. The share of private climate finance in total climate finance is relatively lower than in any other emerging market globally. The main risks that deter investors from committing to African private equity include the perception of a weak exit window, currency risk, a less attractive risk/return profile than other markets, and political risk.

GCF’s equity investment in NVIIII, a USD 200 million venture capital fund, will mobilise funding for African climate ventures. The venture fund aims to support early and growth-stage companies that promote a clean, inclusive, and sustainable development path for Africa. Investments will be channelled into companies focused on three main themes: services that enable adaptation and resilience; clean technology for decarbonising economic growth; and innovative climate technology for natural resources.

Focusing on Kenya, Nigeria, Rwanda, South Africa, and Egypt, this initiative aims to scale affordable climate solutions from other markets. Each of these countries has a large climate-vulnerable population, making it essential to provide capital for companies in these areas to scale up investments in mitigation and adaptation. Through successful investments, NVIII seeks to establish a strong climate-tech innovation ecosystem by engaging key stakeholders and mobilising private sector capital.

It was developed under GCF’s Project-specific Assessment Approach (PSAA).

This project scales up access to climate finance in low- and middle-income countries by developing green bond markets that mobilize investment in low-emission development. It supports GCF’s strategic goal of mobilizing private finance through innovative, market-based instruments.

Scaling low-emission development in the participating countries is constrained by limited capital, underdeveloped financial ecosystems, and few instruments to attract private investment. These countries also face acute climate vulnerability and mounting risks to their economic and social systems. Strengthening local capital markets is essential to bridge financing gaps and channel resources toward mitigation priorities.

The project aims to mobilise climate finance in low- and middle-income countries by supporting the development of local green bond markets. Through a dedicated investment fund, capital from development finance institutions and private investors will be used to finance climate mitigation projects, while parallel EU-led facilities support capacity-building and lower borrowing costs for bond issuers.

 GCF will invest EUR 200 million (approximately USD 227 million) in equity through the initiative’s fund to support mitigation projects across ten participating countries. The project will prioritise small-scale, low-carbon energy systems and create investment opportunities in hard-to-abate sectors such as transport, helping to channel private capital toward national decarbonisation efforts.

Geography

Egypt

Recent documents

Adaptation Fund

Climate Investment Funds

Green Climate Fund

Global Environment Facility