Impact of the Green Economy on Sustainable Development in Egypt Challenges and Opportunities

Document Type : Original Article

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PhD in Economics - Member of the Egyptian Association for Political Economy, Statistics and Legislation, Cairo.

Abstract

The transition to a green economy presents significant opportunities for Egypt to achieve sustainable development by addressing environmental challenges and fostering economic growth. This abstract explores the impact, challenges, and opportunities associated with the green economy in Egypt. The environmental impact of the green economy in Egypt encompasses reduced carbon emissions through the adoption of renewable energy sources and the conservation of natural resources. By promoting sustainable practices, such as efficient water management and waste management, Egypt can mitigate climate change effects and safeguard its biodiversity. From an economic standpoint, the green economy offers opportunities for job creation in sectors such as renewable energy, energy efficiency, waste management, and sustainable agriculture. This transition can contribute to reducing unemployment and poverty rates while fostering innovation and technological advancements in green technologies. Moreover, the green economy can attract investment and stimulate economic growth, positioning Egypt as a leader in renewable energy production.

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