‘We aim to raise renewable energy sources to 42% by 2035’, says Egyptian Trade Minister
Egyptian Minister of Trade and Industry Nevine Gamea announced Saturday, that new and renewable energy sources in Egypt represent about 20 percent of the energy mix, and assured that the state aims to increase this to 42 percent by 2035
This will be done in conjunction with rationalizing energy subsidies, according to the strategy of the Ministry of Electricity and Renewable Energy.
The government realizes the importance of energy as a major factor in enhancing the competitiveness of the Egyptian industry and increasing its ability to access global markets, she explained.
She added that the state is also working on shifting to clean transportation through the initiative of scrapping old cars and replacing them with modern vehicles that run on natural gas, in addition to electric cars, and preparing the necessary infrastructure for that.
Gamea added that the state is interested in solar energy projects, which include projects funded through the United Nations Industrial Development Organization, raising the efficiency of motors and the uses of solar energy in water heating systems in industrial facilities to rely on new and renewable energy- alongside many other projects related to reducing harmful emissions.
The strategy of the Ministry of Trade and Industry is based on increasing the contributions of new and renewable energy within the energy mix, she said, while coordinating with ministries and concerned authorities to periodically review the future energy usage to phase out coal uses.
The strategy also encourages the use of clean energy sources, as well as initiatives to reduce carbon emissions and raise energy efficiency through projects implemented through the various bodies and entities affiliated with the Ministry.
Gamea added that the implementation of such important initiatives will not be possible without achieving synergy between the Egyptian government, private sector institutions, and international institutions to make more efforts towards establishing a clean and developed environment.