Egypt is among the 11 fastest growing greenhouse gas (GHG) emitting countries in the world; projections warn of a 300% increase in GHG emissions by 2017. Driving the steady rise in the energy intensity of Egypt’s economy are the country’s economic growth and expanding urban population, compounded by generous fossil fuel subsidies that encourage inefficient energy use. The power generation and transport sectors are among the most carbon intensive, and are at the center of a number of Egypt’s most pressing economic, environmental, and health challenges. Over 50% of Egypt’s primary energy supply is satisfied by oil and oil MtCO2eproducts, and the power generation and transport sectors account for 42% and 21% of Egypt’s total GHG emissions, respectively.
....the percent of greenhouse gas emissions that are generated from electricity and transport
Tapping US$300 million in financing from the Clean Technology Fund (CTF), Egypt’s investment plan will support investments in Egypt’s tremendous wind energy potential and aims to facilitate a modal shift to low carbon mass transport by developing new bus and rail infrastructure. The investment plan, created under the leadership of the government in consultation with the World Bank Group (IBRD, IFC), African Development Bank (AfDB), and key Egyptian stakeholders, will mobilize an additional US$1.82 billion to accelerate Egypt’s progress toward economically effective, equitable, low carbon development.