Minister of Finance Ahmed Kouchouk stated that the government is moving forward with plans to support a greener economic transition by expanding the use of renewable and alternative energy sources across key sectors. Egypt is working alongside local and international businesses to scale up projects that accelerate the shift to cleaner energy and enhance sustainability in industrial production.
The government is also advancing the peaceful use of nuclear energy for electricity generation, accelerating progress on the Dabaa nuclear power plant. At the same time, it is allocating investments to expand transmission capacity and distribution networks to maximize the use of new energy sources. Additional incentives are being developed to expedite the renewable energy transition, including support programmes and future budget allocations targeting export-oriented sectors.
These efforts align with Egypt’s broader economic goals, including plans by export councils to increase non-oil exports by 15–20 percent annually through 2030, and to raise the industrial sector’s contribution to GDP from 14 to 20 percent by the same year. To support production, meet manufacturers’ needs, and attract investment, the government is reviewing its National Industrial Strategy in collaboration with the International Finance Corporation (IFC) and the World Bank.
The green transition is a central component of Egypt’s Vision 2030. It is reinforced in the second edition of the economic narrative launched by former Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat. This builds on earlier efforts to integrate environmental goals and renewable energy investments into national development plans.
These initiatives were highlighted during a roundtable discussion with Chapter Zero Egypt, part of the global Climate Governance Initiative affiliated with the World Economic Forum. The organization focuses on promoting climate awareness, developing frameworks for economic resilience, supporting financing mechanisms, and providing technical solutions to reduce carbon emissions while encouraging the transition to net-zero.
The discussion emphasized transforming emissions reduction into a driver of growth, innovation, and investment attraction. In this context, Egypt is accelerating plans to reduce reliance on conventional fuels and expand renewable energy projects, aiming to position itself as a leading regional hub for green energy.
Approximately 2,500 megawatts of renewable energy capacity are expected to be added to the national grid in 2026, alongside efforts to improve the efficiency of power generation units. Renewable energy is targeted to account for at least 42 percent of Egypt’s energy mix by 2030.
These steps build on Egypt’s National Low-Carbon Hydrogen Strategy, which aims to secure a 5–8 percent share of the global hydrogen market by 2040 and attract up to $60 billion in investments. More broadly, Egypt is targeting annual foreign direct investment inflows of $24.6 billion, total exports of $145 billion, and an economic growth rate of 7.5 percent by 2030.
Ahmed Elsewedy, Chairman and founding member of Chapter Zero Egypt, and President and CEO of Elsewedy Electric, noted that the association is working to enhance Egypt’s competitiveness and sustainability. This includes providing solutions to climate challenges and fostering collaboration to strengthen coordination toward a low-carbon economy.
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