• Proceeds will finance climate adaptation and emissions reduction projects
• Projects aim to cut CO₂ emissions by 10 million tons and benefit 8.3 million people
• The issuance builds on Egypt’s 2020 green bond debut in the MENA region

Egypt has raised about $750 million through the issuance of green bonds to finance climate change adaptation projects, the government said in a statement released on Friday, January 2, 2026.

The funding was mobilized under the Global Green Bond Initiative (GGBI), an alliance of multilateral financial institutions and development finance organizations aimed at expanding the green bond market, with support from the European Investment Bank and the United Nations Development Program.

The proceeds will be used to advance Egypt’s climate action strategy through 2050, by supporting nationwide projects focused on climate adaptation and emissions reduction. These initiatives are expected to cut carbon dioxide emissions by 10 million tons and deliver direct resilience benefits to about 8.3 million people.

The financing comes as Egypt faces growing climate pressures, including irregular rainfall and heat waves that are reducing labor productivity and causing recurring water shortages affecting agriculture, industry, and access to drinking water. Coastal regions are also exposed to rapid sea-level rise, which threatens infrastructure and tourism assets.

In September 2020, Egypt carried out its first green bond issuance, also totaling $750 million, becoming the first country in the Middle East and North Africa region to issue such instruments. The bonds were aimed at financing projects in climate change adaptation, clean energy, low-carbon transport, energy efficiency, sustainable waste management, and the sustainable management of water and land resources.

Walid Kéfi