14 DAY TRIAL // Investing in renewables is the key to achieving sustainability, improving on one's ecological footprint, and limiting climate change and global warming, Egypt seems to think, and it is perfectly right in doing so.
Still, the news that the country wishes to invest a whopping $1 billion (€0.72 billion) in harvesting solar power is bound to make some heads turns and some eyebrows reach out towards the sky.
In fact, some might even suspect that the country has caused some major environmental disaster in some remote part of the world and is now looking to make amends for it by spending loads of money on renewables.
According to Clean Technica, the one who broke the news on Egypt’s plans to invest $1 billion in solar was the country's Local and Administrative Development Minister, Adel Labib.
Unfortunately, this Adel Labib appears to have taken some sort of vow of secrecy, hence the fact that he did not offer any detailed information concerning when or on which projects said sum of money was to be spent.
Apart from this teaser-like piece of information, what Egypt has until now gone public with is the news that it wants renewables to account for 20% of its overall energy production by 2020.