Academic Journal of Business & Management, 2023, 5(22); doi: 10.25236/AJBM.2023.052228.
Wen Wu, Shuwen Ju
School of Asian and African Studies, Shanghai International Studies University, Shanghai, China
Currently, Sino-Arab energy cooperation continues to expand, with a shift from traditional fossil energy to green, clean and renewable energy sources. Egypt, as an important partner of China’s Belt and Road Initiative, has close cooperative relationship with China in both traditional and new energy sectors. On the one hand, China is transforming from high-speed development to high-quality development and is committed to energy transition; on the other hand, Egypt is facing challenges such as declining traditional energy reserves, expanding energy demand due to population growth, and global climate change, necessitating an urgent optimization of its energy structure to address national energy security issues. Therefore, the two sides have complementary development strategies. China's mature technology in renewable energy development, coupled with Egypt's abundant resources in wind and solar energy, serves as an important foundation for their cooperation. However, problems such as Egypt's economic reliance on traditional energy sources, development instability, policy shortcomings in the business environment, and unfavorable regional and international factors have also somewhat constrained the further expansion of Sino-Egyptian renewable energy cooperation.
Egypt; Renewable energy; Energy transition; Green economy
Wen Wu, Shuwen Ju. Sino-Egyptian Renewable Energy Cooperation: Current Situation, Opportunities and Challenges. Academic Journal of Business & Management (2023) Vol. 5, Issue 22: 195-200. https://doi.org/10.25236/AJBM.2023.052228.
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