Africazine:
The Cool Up programme is set to enhance energy efficiency in Egypt through a new partnership.
This collaboration with Arab Bank Egypt aims to finance climate-friendly cooling solutions. It involves developing tailored financial products and supporting access to sustainable technologies.
Collaboration to Boost Sustainable Cooling in Egypt
The partnership includes key players like Frankfurt School of Finance & Management and DFA. Together, they will focus on building institutional capacity and creating a dedicated cooling finance portfolio. This portfolio will feature emissions reporting to track environmental impact.
Arab Bank Egypt plans to integrate sustainable cooling technologies into its existing offerings. This integration will be supported by access to international climate funds, enhancing the bank’s green transformation efforts.
Egypt: Key figures on energy-efficient cooling solutions
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- An amount was not specified
Next Steps for the Cool Up Programme
- Continue discussions on certification
- Develop project pipeline
- Explore specific financing opportunities
- Participate in upcoming training activities
This partnership marks a significant step towards sustainable cooling solutions in Egypt.
