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Latest PRO Memo: COP27 to boost Egypt’s green ambitions

Explore Egypt's new opportunities at the UN climate conference for green energy projects by getting your free PRO trial.

A woman poses for a picture in front of a globe on November 10, 2022, inside the venue hosting the COP27 climate conference, at the Sharm el-Sheikh International Convention Centre, in Egypt's Red Sea resort city of the same name. (Photo by AHMAD GHARABLI / AFP) (Photo by AHMAD GHARABLI/AFP via Getty Images)
A woman poses for a picture in front of a globe on November 10, 2022, inside the venue hosting the COP27 climate conference, at Egypt's Sharm el-Sheikh International Convention Centre. — AHMAD GHARABLI/AFP via Getty Images

For years, Egypt has been pushing to develop its clean energy industry to meet its ambitious sustainable development goals and become a regional energy hub. However, the country has struggled mainly due to a lack of funds.

Now, COP27 presents an unprecedented opportunity to secure international funding and turn some of the many projects in the pipeline into binding agreements, Marc Espanol explains in his newest PRO memo.

Also this week, we published reports on the looming course correction facing tech startups in the Middle East as well as Egypt's new fluctuating currency exchange rate.

You can read all of these briefings and access many more actionable insights with a free trial of Al-Monitor PRO. Try it out for one week to see how PRO can help you.

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