Overview

The Transforming Financial Systems for Climate (TFSC) project is a national flagship initiative implemented by the Ministry of Environment, in partnership with the United Nations Development Programme (UNDP), funded by the Agence Française de Développement (AFD) and the Green Climate Fund (GCF).

It aims to scale up climate-related investments by strengthening institutional, policy, and technical frameworks to better align public and private finance with Egypt’s climate ambitions.

Why It Matters:

Egypt is projected to require over US $246 Billion by 2030 to implement its Nationally Determined Contributions (NDCs). The TFSC project plays a critical role by:

• Driving systemic change in climate change management, finance planning and execution.

• Aligning financial flows with global climate commitments.

• Bridging the gap between mitigation and adaptation funding.

• Encouraging private sector participation in green investments.

• Unlocking international climate finance and fostering a more resilient economy.

Objectives

• Scale up financial investments into climate actions and strengthen Egypt’s capacity to meet UNFCCC commitments.

• Build climate change focal units across ministries to foster integration and institutional coordination.

• Establish a national Monitoring, Reporting and Verification (MRV) system for climate finance tracking and performance.

• Support financial institutions in assessing climate risks and opportunities.

Key Features and Deliverables

📌 Establish climate change units as part of the broader climate change management, institutional, and governance framework.

📌 Establishment of institutional framework for national MRV system.

📌 Sector-specific adaptation indicators to support a national climate M&E framework.

📌 Pre-feasibility studies for bankable priority sector projects.

• Creating Public-private partnership investment framework

• Capacity-building programs for government institutions, banks, and stakeholders.

Project Status

🟢 Ongoing

Project Timeline

📅 Start Date: January 2023

📅 End Date: December 2027

Project Office:

Ministry of Environment - The New Administrative Capital

Implementing Partner

Egyptian Environmental Affairs Agency (EEAA) – Ministry of Environment

Managing Partners:

United Nations Development Programme (UNDP)

Funding Partners

Agence Française de Développement (AFD) and Green Climate Fund (GCF)