The Egyptian Ministry of Environment has signed a funding agreement of €4 million with the European Union (EU) to finance the third phase of the Industrial Pollution Abatement Programme (EPAP).
The€4 million agreement signed on 7 August was aimed to support pollution control efforts in Egypt.
According to the Egyptian government, the programme will help Egyptian industry to improve its performance and comply with environmental laws and regulations, as well as reduce energy and resource consumption in order to promote sustainable development.
The grant is part of the third phase of the Industrial Pollution Abatement Programme (EPAP), which costs over $148 million.
The rest of the funding comes from the European Investment Bank (EIB), the French Development Agency (AFD) and KreditanstaltfürWiederaufbau (KfW), the German development agency.
EPAP III includes an investment component that addresses the sources of industrial pollution and its effects on the environment. Among the consequences of industrial pollution is the destruction of aquatic biodiversity. In the land of the pharaohs, most industries dump their waste products (hydrocarbons, agricultural waste, chemicals, etc.) into waterways, particularly the Nile River.
The Egyptian government intends to accelerate the implementation of the third phase of the Industrial Pollution Control Programme, ahead of the 27th United Nations Climate Conference (COP27), which takes place from 7 to 18 November 2022 in Egypt.