Investment and Foreign Trade Minister Mohamed Farid met Rachel Kyte, the UK Special Representative for Climate, on Monday to discuss boosting green investments and renewable energy certificates. The meeting comes ahead of the launch of the Green Growth Partnership between the two countries in May.
Farid said Egypt is working to link its local market with global financial centers and strengthen technical capacity programs. He stressed the need for fair standards to measure the carbon footprint of energy-intensive products to protect the competitiveness of Egyptian exports.
The two sides discussed affordable financing to support industrial transition toward green hydrogen and clean technologies. They also reviewed plans to activate Egypt’s first voluntary carbon market and expand renewable energy certificates.
Farid highlighted Egypt’s efforts to create a unified national climate project registry, which will help companies cut operating costs and align with international standards. He also underlined the importance of clear regulations and coordination between fiscal, monetary, and investment policies to attract foreign direct investment.
Kyte praised Egypt’s potential to become a regional hub for energy and investment. Farid confirmed the government will continue to offer incentives, including the “golden license,” to strengthen Egypt’s position as a leading destination for sustainable investment.
