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Egypt’s renewable energy framework one of fastest-improving globally

World-Bank-RISE
Posted: January 3, 2019 at 1:27 pm   /   by   /   comments (0)

Egypt among fastest-improving countries in developing renewable energy regulatory framework, says the World Bank.

Egypt is one of the three fastest-improving countries in terms of regulatory frameworks for renewable energy between 2010 and 2017, according to the World Bank’s Regulatory Indicators for Sustainable Energy (RISE) 2018 report. Egypt’s total RISE score — which assesses regulation for universal access, renewable energy, and energy efficiency — rose to 68 at the end of 2017, from 10 at the end of 2010. By scoring above 60, Egypt is included in the green category, which indicates “a relatively mature policy and regulatory environment.” Tunisia and the UAE round out the top three.

But there’s room for improvement: “The fastest area of growth was in the legal framework for renewable energy, which includes private-sector ownership of renewables … By the end of 2017, all three of these countries had legislation in place that allowed private-sector ownership of renewable energy and had a legal framework for renewable energy. However, all three countries have been slow to develop policies that support network connections and use by third parties, and policies that promote renewable energy outside of the electricity sector.”

(Source: Enterprise.press)

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