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Climate body selects Egypt for $1b clean industry initiative
Aya El Sayed Published in Amwal Al Ghad on 12 - 06 - 2025

The Climate Investment Fund (CIF) selected Egypt among seven countries to benefit from its $1 billion programme aimed at cutting emissions in the industrial sector of developing economies, as per a Cabinet statement.
The initiative, the first global concessional finance programme dedicated to industrial decarbonisation, also includes Brazil, Mexico, Namibia, South Africa, Turkey, and Uzbekistan. The countries were chosen from 26 applicants following an independent expert evaluation.
The programme, part of the CIF's $9 billion Clean Technology Fund, seeks to accelerate the adoption of clean technologies such as green hydrogen and low-carbon industries. It aims to enhance economic competitiveness, generate green jobs, and position countries to tap into the global market for environmentally friendly goods, expected to reach $2 trillion by 2030.
Egypt previously secured the top ranking in North Africa and Europe under CIF's Nature, People, and Climate (NPC) Programme, announced at COP27.
Egypt's Ministry of Planning and International Cooperation, in coordination with relevant authorities and the CIF, is engaged in technical discussions to finance projects under the NWFE programme, focusing on climate-smart agriculture, coastal ecosystems, and mobilising private sector investment.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama

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