The banking Sector and Mechanisms for Greening The Financial System According to Egypt’s Vision 2030 .

The banking sector can play an important role in providing green financing and supporting the transition towards a green economy, by exploiting its various tools to encourage financial institutions to provide the necessary amounts to finance green projects and reduce the financing of projects that pollute the environment. The study also aims to analyze the contributions of the Egyptian banking sector in directing its capabilities to support green projects and green banking, to achieve the goals of sustainable development and comprehensive economic growth during the period under study (2014/2015 - 2022/2023). The research adopted a deductive, descriptive, and analytical approach to present the mechanisms of the Egyptian banking sector in greening the financial system in accordance with Vision 2030, and the various challenges it faces in this regard. The research concluded with a set of results, the most prominent of which are: 1- To green the financial sector, central banks can use a set of tools, such as relying on discriminatory capital and legal reserve requirements, relying on commercial banks’ lending on better terms by guaranteeing green loans, and setting quotas for green credit. 2- Strengthening partnerships between the public and private sectors to facilitate private sector contributions to green economy projects. 3- Encouraging and developing the use of financing products to support and implement innovative solutions and technologies in a way that effectively contributes to the transition towards a green economy. 4- The necessity of combining the Central Bank’s various “green” tools, instead of focusing on one tool.