This requirement constitutes an encroachment on the concepts of "energy poverty" and "energy justice", because it drains energy resources for the benefit of these factories at the expense of making them available to Egyptian families, especially the poorest. It also contradicts the Goal 7 of the Sustainable Development Goals 2030: "Clean energy at affordable prices", because it sells polluting energy to factories at lower prices than they are, thus impeding the shift towards clean energy.
Tags: Subsidies
Egypt has missed that opportunity, so far, according to the paper published by EIPR, on October the 17th, titled: "Four flaws: Assessing the Egyptian-IMF energy subsidies reform". The publication coincides with the International Day for the Eradication of Poverty. The paper depends on the principle: "clean energy guaranteed to all at reasonable prices", which is the seventh goal of the sustainable development goals that the Egyptian state adopted and is supposed to achieve (Egypt 2030).
In the year of the pandemic, as the World Health Organization called it last March, when millions lose their jobs and their basic living, the government chooses to cut spending on food subsidies. Despite the exhaustion of the health system, headed by doctors and nurses in government hospitals, the government chose to complete its neglect of the constitutional minimum spending on health.
EIPR has issued a study titled, “Revisiting the Growth-Poverty Nexus in Egypt, with Reference to the World Bank Country Partnership Strategies.”
