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The Financial Regulatory Authority (FRA) has approved registering 12 projects in its carbon emissions reduction database as part of the Voluntary Carbon Registry by the Egyptian Biodynamic Agriculture Association (EOL).
The projects aim to assist developers in meeting standards for carbon emission reduction and can issue certificates eligible for trading through the platform established by the Egyptian Exchange (EGX).
This initiative is part of FRA’s efforts to establish Egypt’s first regulated market for trading voluntary carbon emission reduction certificates.
The newly registered projects will enable trading approximately 13,291 carbon reduction certificates, reducing about 13,300 tons of carbon dioxide equivalent across various projects.
