A GREEN ECONOMY IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT: FROM THE CONCEPT TO THE PRACTICE

2 June 2022; 3:00 – 4:30 PM

Venue: Tonino Lamborghini International Convention Center Sharm El Sheikh (Sinai Hall)

OVERVIEW:

The concept of a resilient economy has become increasingly important since the 2008 financial crisis. With the onset of the COVID-19 pandemic, many jobs disappeared leading to a rise in unemployment rate. Experts believe that one of the most adequate solutions is to redirect the capital towards sustainable economic sectors that have a significant potential to generate green jobs. The green economy is characterized by a considerable increase in investment in economic sectors that supports the natural capital of earth or contribute to reducing environmental deficiencies and environmental threats. Moving towards a more circular economy could deliver benefits such as reducing pressure on the environment, improving the security of the supply of raw materials, increasing competitiveness, stimulating innovation, boosting economic growth, and creating decent jobs. When seeking to promote sustainability in the transportation sector it is important also to pay attention to employment outcomes and to policies that support job creation and decent work.

KEY ISSUES TO BE ADDRESSED:

  1. How does technology adoption in large conventional sectors affect efficiency and value-addition?
  2. How can technology enable business continuity and provision of goods and services during times of crisis?
  3. How could the utilization of data increase social and environmental benefits?
  4. How does a synergy between the public and private sectors allow for faster technology adoption in the different economic sectors?
  5. How green is the labor market? What are the environmental properties of jobs, and how do those properties vary across economies and sectors? How are they associated with demographic characteristics (such as educational attainment and urbanicity) and earnings?
  6. How do environmental policies affect the reallocation of workers into greener jobs? Can policies help make the labor market greener? Is the effectiveness of such policies affected by an economy’s labor market policies and structural features? What are the consequences for overall employment and income distribution?
  • Speakers:
    • H.E. Dr. Mohamed Ahmed Maait

      H.E. Dr. Mohamed Ahmed Maait is the Minister of Finance of Egypt. Prior to this, he was the Vice Minister of Finance for Public Treasury Affairs & Head of the Economic Justice Unit in the Ministry of Finance.

    • H.E. Nadia Fettah

      HE Nadia Fettah is the Minister of Economy and Finance IsDB Governor, Morocco. Nadia Fettah was appointed by His Majesty King Mohammed VI as the first female Minister of Economy and Finance of Morocco. Graduated from HEC Paris, she was Managing Director of Sanlam PanAfrica group. She won the African CEO of the Year Award in 2018.

    • Heba Shahien

      Heba Shahien is the Executive Director at the Egyptian Regulatory Reform and Development Activity ERRADA, Prime Minister Cabinet and the Ministry of Planning and Sustainable Development since 2020. Previously, she led projects and provided consultancy for the EU Commission World Bank, government, and regulatory bodies. She established her “Dr. Heba Shahein law firm” in 2015. She had served as a Vice Chair at the Egyptian Competition Authority.

    • Mostafa Kandil

      Mostafa Kandil is the CEO of SWVL. Kandil launched Swvl in 2017. He started his career at Rocket Internet in 2014, where he launched the car sales platform Carmudi in the Philippines, which became the largest car classifieds company in the country in just six months. He then served as Rocket Internet’s Head of Operations. Kandil left Rocket Internet for Careem. Careem is now a subsidiary of Uber.

    • Aly ElTayeb

      Aly ElTayeb is the CEO of Afrikan Heroes. Aly Eltayeb is the Cofounder & CEO of Shift EV, an electric mobility startup with a mission of electrifying fleets in emerging markets. Shift EV has developed an industrial process to electrically retrofit commercial vehicles using batteries that the company manufactures. Shift EV has raised $9mn of capital from Union Square Ventures (US VC), Algebra Ventures (financed by the IFC & EBRD) and others.

    • Serag Moussa

      Serag Moussa is the co-founder and CEO of Delta Oil, a startup that aims to build an ecosystem of individuals and enterprises that cooperate to collect waste cooking oil in Africa for conversion into sustainable solutions.

    • Reem ElSaady

      Reem ElSaady is the Regional Principal Manager for SME’s Finance and Development (Advisory) Program – EBRD (Cairo Office). Reem El Saady joined EBRD in May 2012 and is currently the Regional Manager for the SMEs Finance and Development (Advisory) Program for Egypt and the Levant. The program supports the growth of small business with special focus on Women, Youth and Green.