THE IMPACT OF GREEN INVESTMENT ON SUSTAINABLE DEVELOPMENT IN EGYPT AND THE POSSIBILITY OF BENEFITING FROM EXPERIENCE OF UAE

Document Type : Review Article

Authors

1 Post graduate student at Faculty of Graduate Studies and Environmental Research, Ain Shams University

2 Faculty of Commerce, Ain Shams University

Abstract

The green economy has become a trend for all countries of the world to go to what is known as a new strategy to reduce environmental risks associated with the economy, as the green economy helps in achieving sustainable development without that development leading to a state of environmental degradation of all kinds, and the topics of renewable energy, green economy and green investment are of interest Countries of the world, which led to an increase in global investment rates to reach 260 billion dollars in 2021, compared to about 180 billion dollars in 2020, which contributed to reducing carbon dioxide emissions by about 7% during that year.

In preparing the applied part of this study, the researchers used the descriptive analytical method for a sample of (50) employees of Green Power Assiut Company. A questionnaire was distributed to the sample under study and some explanations were provided by the researchers.

The study concluded that there is a statistically significant relationship between green investment and economic growth and poverty reduction as one of the dimensions of sustainable development, and there are possibilities, resistances and mechanisms for financing green investment in Egypt. The researchers have suggested many recommendations aimed at benefiting from the outcomes of this study, including: maximizing the use of renewable energies and alternative waste and product recycling policy, encouraging foreign direct investment, especially smart sustainable green investments.

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Journal of Environmental Science
Volume 51, Issue 8 - Serial Number 8
Part 3: Environmental Economics, Law
August 2022
Pages 275-306

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