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Home News Financial Regulatory Authority (FRA) Launches Egypt’s First Voluntary Carbon Market with the The participants of the relevant private, public and parliamentarians

Financial Regulatory Authority (FRA) Launches Egypt’s First Voluntary Carbon Market with the The participants of the relevant private, public and parliamentarians

11 August 2024NewsMarrakech Pledge

“nder the leadership of Dr. Mohamed Farid, the Financial Regulatory Authority (FRA) has launched Egypt’s first regulated and supervised Voluntary Carbon Market (VCM). This initiative supports the country’s carbon neutrality goals and fosters sustainable economic growth. During the launch, several significant trades were executed, highlighting active private sector participation. With a robust regulatory framework and collaboration among key government entities, the VCM positions Egypt as a leader in the global carbon market, reinforcing its Vision 2030 agenda for sustainability and innovation.

Read more : https://fra.gov.eg/en/fra_news/financial-regulatory-authority-fra-launches-egypts-first-voluntary-carbon-market-with-the-the-participants-of-the-relevant-private-public-and-parliamentarians/

Previous post FRA and AFD Sign MoU to Promote Sustainable Finance Next post The Financial Regulatory Authority announces the formation of new advisory board for the Regional Center for Sustainable Finance chaired by Dr. Mahmoud Mohieldin.

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The « Marrakech Pledge » for « Fostering Green Capital Markets in Africa » is a commitment by all African Capital Markets Regulators and Exchanges to act collectively in favor of sustainable development by enabling the establishment of Green Capital Markets in Africa with the aims to promote Africa as a prominent regional green financial marketplace and an attractive destination for green and climate-resilient investments.

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