Cairo: Egypt signed an agreement to allocate a pound 21 million EU-funded grant aimed at supporting the country’s green transition with the European Investment Bank’s development arm, EIB Global.

According to State Information Service Egypt, the grant will accelerate decarburization efforts in both the public and private sectors. Around pound 20 million will be used to co-finance projects that cut carbon emissions, enhance recycling, and reduce industrial pollution, while pound 1 million will support the digitalization of the Egyptian Environmental Affairs Agency to boost monitoring and transparency.