Planning, Economic Development, & International Cooperation Min Organizes a Roundtable to Review Preliminary Results of Studies for the "Adaptation of the Northern Delta Affected by Sea Level Rise" Project
The Ministry of Planning, Economic Development, and International Cooperation organized a roundtable in collaboration with the European Union and the European Investment Bank, with the participation of representatives from the Ministry of Agriculture and Land Reclamation, and the Ministry of Water Resources and Irrigation, to review the preliminary results of the studies related to the preparation of the "Adaptation of the Northern Delta Affected by Sea Level Rise" project, which is part of the food pillar of the Country Platform for the "NWFE" Program.
This is part of the national efforts led by the Ministry of Planning, Economic Development, and International Cooperation to implement 9 projects under the"NWFE program, across the water, food, and energy sectors, to enhance the transition to a green economy and implement Egypt's National Climate Change Strategy (NCCS)2050.
Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, emphasized the continued coordination with the concerned ministries and authorities to finalize the necessary technical studies for water and food projects within the "NWFE" program. This is part of the state's efforts to promote the green economy transition and expand mitigation and adaptation projects related to climate change.
Al-Mashat pointed out that under the energy sector, contracts for renewable energy projects with a capacity of 4.2 GW have already been signed, out of a total of 10 GW.
The project aims to benefit about 10 million citizens, empower smallholder farmers to implement policies related to adaptation and addressing sea-level rise, strengthen rural communities' responses to disasters and the impacts of sea-level rise, encourage agricultural diversification for food security and income growth, and reduce internal migration from these areas to cities.
The project targets the governorates of Kafr El-Sheikh, Beheira, Damietta, Dakahlia, and Port Said. The project aims to preserve the fertile agricultural land in this area, as well as expand reclaimed desert land.
The European Union provides financing of 125,000 euros, and the European Investment Bank offers a grant of 300,000 euros, to fund consultancy services and complete the necessary studies for implementing the project, particularly at the level of formulating tools and mechanisms to attract, stimulate, and involve the private sector. This aims to develop alternatives to reduce and rationalize public spending, enhance the value of private spending, and attract investments.
The "NWFE" program is a model for country platforms based on country ownership. It represents an effective regional model and approach for financing to address climate change issues: mitigation, adaptation, and resilience, with a focus on a just transition to a green economy. This program also provides an effective human-centered approach to address the impacts of climate change and its driving factors.
The program follows a development financing pattern that provides blended financing tools. It is based on both the country's development efforts and national ministries in all sectors, the development financing provided by development partners, as well as attracting the private sector through investments. Additionally, it benefits from consultancy services and expertise from relevant entities to enhance the efficiency and viability of projects, making them attractive to funding sources.
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