(The impact of the green economy on achieving growth and sustainable development in Egypt)

Document Type : Research and Review Papers

Authors

Agricultural Economics Department Faculty of Agriculture Sohag University Sohag 82524 Egypt

Abstract

Egypt has begun to shift towards this type of economy as one of the important and main paths in comprehensive development plans, through the implementation of many projects that are consistent with the country's economic and environmental priorities. The green economy is one of the most important tools available to achieve sustainable development because it leads to improving the state of welfare and social equity, while at the same time taking care to reduce environmental risks. Within the framework of the Egyptian state's keenness to achieve the goals of sustainable development and implement Egypt's Vision 2030, Egypt's strategy for transitioning to a green economy was launched, which aims for 30% of investment plan projects to adhere to environmental sustainability standards and implement many green projects. The green economy is a model of economic development based on the concept of environmental economics. It aims to optimize the utilization of economic resources and reduce resource depletion. This research examines the role of the green economy in achieving growth and sustainable development in Egypt by analyzing the relationship between the green economy and sustainable development on the one hand and measuring the impact of the green economy on economic growth on the other hand, using time series data from 2000-2024. Additionally, it studies indicators measuring the efficiency of the green economy and sustainable development in Egypt and the factors that influence each of them. The research concludes that the green economy plays a positive role in achieving growth and sustainable development in Egypt in its four dimensions. Therefore, the green economy is considered one of the mechanisms for achieving sustainable development.

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