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Ahead of COP27 Egypt to Receive €4 Million from EU to Support Environmental Protection

August 8, 2022
Credit: Mohamed Abdel Wahab/ USAID

The European Union (EU) is providing Egypt with a EUR 4 million grant to encourage environmental protection. The grant comes after Egyptian Minister of Environment, Yasmine Fouad, signed a joint cooperation agreement with the EU ahead of the UN Climate Change Conference (COP 27) in Sharm El-Sheikh in November 2022 . In an official statement, issued on 7 August, Fouad explained that this grant is part of third phase funding of the Environmental Pollution Abatement Project (EPAP), with a total budget of EUR 145 billion. “EPAP aims to provide financial incentives to industrial facilities to help them transition to a green economy, reduce carbon emissions, and mitigate the impact of climate change,” Fouad asserted. EPAP is among the Ministry of Environment’s largest and most important initiatives that aim to foster sustainable development by subduing energy and resource consumption as well as strengthening industrial facilities’ performance. Fouad asserted that all the different industrial facilities could benefit from the EU grant. The EPAP participants will achieve a number of outcomes, such as reducing carbon emissions, achieving financial savings, and enhancing productivity and competency nationwide. Egypt and the EU have cooperated in the…

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