The current study deals with the issue of green bonds in Egypt as a new financial tool concerned with investing in environmentally friendly projects. Moreover, the possibility of Egypt's transformation through them into a green economy is regarded by studying the environmental analysis for the possibility of Egypt's transformation into a green economy. The analysis requirements for the transition to a green economy in Egypt as well as the funding sources- internally and externally- of the green economy and measuring the impact of financing with green bonds on the green economy in Egypt will be discussed. The current study concluded that; external financing has an adverse effect on green bonds and the Egyptian green economy as a national project that can be financed internally with the participation of the private sector, especially in energy projects. This study recommends that Egypt strive to encourage investment in energy projects with the participation of the private sector and stimulating national investment.