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Home News FRA Chairman Highlights Egypt’s Pioneering Voluntary Carbon Market in London

FRA Chairman Highlights Egypt’s Pioneering Voluntary Carbon Market in London

19 September 2024NewsMarrakech Pledge

During the Egyptian British Business Association’s mission in London, Dr. Mohamed Farid, FRA Chairman, highlighted Egypt’s groundbreaking strides in launching Africa’s first regulated Voluntary Carbon Market. With 14 registered projects and over 18,000 carbon credits recorded, this market empowers industries to trade carbon credits, aligning with COP27 commitments. Dr. Farid emphasized the role of this initiative in attracting investments and driving sustainable economic growth while reinforcing Egypt’s leadership in climate action.

Read more : https://fra.gov.eg/en/fra_news/%d8%a7%d9%84%d8%af%d9%83%d8%aa%d9%88%d8%b1-%d9%85%d8%ad%d9%85%d8%af-%d9%81%d8%b1%d9%8a%d8%af-%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a-4/

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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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