Speaking with Business Today Egypt, Gilabert shared his insights on the importance of these efforts on the sidelines of the a GEIPP event.
With 75% of Egypt’s banking sector now aligning its operations with sustainable finance principles, the sector has set a benchmark in promoting responsible financial practices.
These initiatives are part of a broader effort to support the transition to greener, more economical transportation solutions, and to boost sustainable economic growth, according to an official statement on Tuesday.
These efforts are a vital part of Egypt's broader development agenda, which also allocates 42% of the budget to human development
Prior to hosting the COP27 climate summit in 2022, Egypt set an ambitious goal of achieving 42% renewable energy in its mix by 2035, later moving the target date up to 2030.
