Egypt: World Bank Approves $200 Million Climate Initiatives

  • Date: 05-Oct-2020
  • Source: Al Bawaba
  • Sector:Economy
  • Country:Egypt
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Egypt: World Bank Approves $200 Million Climate Initiatives

The project will focus on reducing vehicle emissions, improving the management of solid waste, and strengthening the air and climate decision-making system.

Greater Cairo's air quality has recently seen an improvement; however, ambient air pollution remains the city's most significant environmental health issue“”one that weighs heavily on residents' quality of life and on the economy. Recent studies have estimated the annual economic cost of air pollution on health in the Greater Cairo area alone at about 1.4% of Egypt's Gross Domestic Product (GDP).

The six-year Greater Cairo Air Pollution Management and Climate Change Project aims to support Egypt's efforts to reduce both air pollution and climate pollutant emissions in line with the country's Sustainable Development Strategy: Egypt Vision 2030

The project will contribute toward Egypt's key environmental goal of halving Particulate Matter pollution