Africa's transformation to a green economy discussed at Africa Energy Forum 2022

SCZONE 23 JuneOn the second day of the Africa Energy Forum 2022 (AEF), held in Brussels, participants discussed the main milestones for the transformation to a green economy in Africa during a session entitled “The Road from COP26 to COP27”

The discussiom was held in the presence of the Suez Canal Economic Zone (SCZONE) chairman, the CEO of the Sovereign Fund of Egypt, and the acting director of international and financial affairs for climate change at the European Commission, the general manager of Eskom in South Africa, and a several representatives of international agencies who agreed that Africa needs to make more progress towards a green economy.

SCZONE’s chairman focused on the efforts of Egypt and SCZONE in the transition towards clean energy and the national strategy for supplying the world with green fuel through localisation of green hydrogen industries, for export purposes and ships bunkering in the economic zone, which contributes significantly in decarbonisation and accelerating the transition towards a green economy in the economic zone.

“A huge potential in the African continent has been achieved for the production of renewable energy, although the entire emissions in the African countries are less than 25% of those generated by other countries, but it is obliged to shift towards a green economy in compliance with the decisions of the Paris Agreement.” commented Yehia Zaki, chairman of SCZONE.

"Egypt is pleased to host the COP27 climate conference in November as a representative of the African continent, which suffers from the impact of climate change despite being the least contributor to carbon emissions, and in particular we are working with our efforts to attract various investments and green fuel projects within the affiliated ports and zones of the SCZONE,” added Zaki.

This speech was made in the second session in which the chairman of SCZONE participated in the round table entitled “Africa for Africa: Building Energy for a Just Transition – What does Africa want?” The discussion took place in the presence of the ministers of finance and energy of a number of African countries in order to reach a common vision with financing institutions, governments, commercial banks, energy developers and providers of professional and technological services in this field.


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