Ministers of
Planning and Environment Hala el Saeed and Yasmine Fouad on Monday discussed
the mechanisms of transformation towards green economy as well the rules of tendering
green bonds.
During today’s video-conference meeting, a consensus was reached on
implementing 30 percent of investment projects in line with the goals of
achieving environmental sustainability and the green economy, Saeed said, she
added that the size of these projects is set to be upped to reach 100 percent
throughout the coming three years.
In a statement issued by the Planning Ministry, Saeed affirmed the importance
of conformity of criteria outlined by ministries while drawing up the mid-term
or annual plans with those of the Environment Ministry, including the
international agreements and local updates.
Guidelines of commitment to the environmental criteria in the state’s various
sectors are detailed in a guidance jointly issued by the ministries of planning
and environment, Saeed said, adding that the guidance is set to be distributed
shortly to all the ministries.
Attaching significant importance to the green economy and sustainable finance
reflects a positive image about the state and all its institutions, Saeed
added.
Meanwhile, minister Fouad reviewed the environment criteria that should be
taken into consideration while carrying out the investment projects.
The meeting touched on the green bonds which are set to be tendered by the Finance
Ministry to finance environment and climate change projects, the statement
noted.
Source: Egypt Today
