This is a presentation from Mr. Mohab Hallouda (World Bank Energy Specialist) during the âMENA Energized: Regional Challenges to "Green the Power" Sectorâ event held in in Sharm El Sheikh, Egypt. It was jointly organized by the Regional Center for Renewable Energy and Energy Efficiency (RCREEE) and the Euro Mediterranean Energy Market Integration Project (MED-EMIP).
The World Bankâs Clean Technology Fund (CTF) is a $5 bln multi-donor trust fund providing countries with incentives for scaled-up deployment and transfer of low carbon technologies with significant potential for greenhouse gas emissions savings. Financing terms depend on the nature of the project and are linked to environmentally-friendly regulatory and policy changes, as well as private investment contributions.
Given the favourable geographic conditions, reduced costs, market/manufacturing potential for development and export possibilities, the CTF agreed to support investment plans aimed at developing 1 GW of CSP in the MENA Region. These are also targeted at overcoming different technical and regulatory barriers, as well as creating synergies with the Mediterranean Solar Plan (MSP).
Author: Mohab Hallouda
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