According to Greenpeace, European investment in Egypt and Morocco’s energy and agriculture extracts resources to the north of the world, with little value value in the local economy.
European governments, financial institutions, energy and energy and agricultural companies claim to invest in green energy projects in North Africa.
However, they actually perpetify the cycles of resource depletion, economic dependence and environmental deterioration in the host country, while at the same time worsen the climate impact. New report.
scramble
Hanen Keskes, a campaign of Greenpeace Middle East and Mena, said: “We need a systematic change of how global energy conversion is pursued.
“Investing in renewable energy and green hydrogen in countries such as Egypt and Morocco should prioritize regional development, sustainability and definition rather than perpetuating new colonial mechanics.
She said, “The transition to the green economy cannot duplicate the injustice of the fossil fuel era. It should focus on the demands of the most influenced people, and must be inclusive. ”
This means to cancel the unfair debt and additional charges, end the funds for fossil fuels, and adopt gradual taxation.
This report quotes an example of Ukraine’s invasion and energy crisis. The European countries have launched to secure gas from African and eastern parts of Africa and Brokers when Russia cuts 80 billion cumulative pipeline gas and exposes exporters to environmental and social costs.
inequality
Europe has invested largely in Egypt and has about 38 billion euros in 2020, and it is about 39 %of foreign investment at that time.
European investments in Egypt are increasingly focused on the production of green hydrogen for exports to European countries. Signature last February According to Greenpeace, for $ 40 billion in renewable energy projects and green hydrogen transactions.
The report also pointed out that Egypt exported fossil fuels to Europe, but continued to have difficulty due to lack of fuel in domestic consumption. The community must withstand energy power outages and burn more contaminated fossil fuels in Korea.
for example, Egypt is increasing the domestic use of dirty fuel. You can secure more gas in Europe, such as Mazut, a mixture of medium -sized hydrocarbons, which contain toxins such as sulfide and heavy metals.
Similarly, European agricultural business investments in Morocco and Egypt focus on export -oriented cash crops such as tomatoes and citrus fruits, which use significant water resources and strengthen water shortages in the dried areas. The extractor industry also force women to low wages and unstable roles and increase the burden of unpaid treatment to deepen gender inequality.
New colonies
This report recommends that the current European energy investment and result projects will be replaced by grassroots initiatives and community -centered regenerative programs.
Foreign companies investing in global South should perform comprehensive environmental and social impact assessments (ESIAs) generated by countries and communities that are most influenced by financial institutions and develop through participation community processes.
separately, paper Post nature Wealthy countries conclude that they are effectively outsourcing for forests through demand for products such as beef, palm oil, wood and soybeans.
This product tends to be grown in countries with tropical forests, which means that wealthy countries are responsible for destroying 13 %of forest habitat loss outside their border. The United States alone was responsible for 3 %of the world’s non -space habitat destruction.
The most influential countries in overseas were the United States, Germany, France, Japan, China and the United Kingdom.
This author
Catherine Early is a freelancer environment journalist and the best reporter. Ecologicalist. Find her in BlueSky @catearly.bsky.social.
