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TunisiaThe European Bank for Reconstruction and Development launches programme to support women in green energy in Egypt
The European Bank for Reconstruction and Development (EBRD) is putting women at the centre of its commitment to Egypt’s transition to a green economy with a new initiative that supports the country’s vast potential for renewable energy. Launched at an event in Cairo this week for enhancing employment and entrepreneurship opportunities for women in green energy, the Programme for Supporting Renewable Energy and Promoting Gender Equality in Egypt aims to identify and address the key barriers hindering the development of the region’s renewable energy economy.
The Programme is one aspect of a joint US$ 7 million technical cooperation initiative co-funded by the EBRD and the Green Climate Fund (GCF). Its aim is to enhance renewable energy integration, policies and planning to support the country in meeting its target of 20 per cent renewable energy generation by 2022 and 42 per cent by 2035.
As a result, the Egyptian renewable energy sector is set to create new jobs, which represents a significant opportunity for women in Egypt to expand their skills and participate in a high-value, high-growth sector.
To date, the EBRD has committed over €4.8 billion to financing 91 projects in Egypt, including 16 renewable projects, across a wide range of sectors.
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Egypt
