Egypt Launches First Regulated Voluntary Carbon Market in Africa ...Egypt

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Egypt Launches First Regulated Voluntary Carbon Market in Africa
During a press conference on Tuesday 13 August, Rania Al-Mashat, the Minister of Planning and Economic Development, announced the launch of the first market for issuing and trading carbon reduction certificates in Egypt.  This new market will facilitate the registration, issuance, and trading of carbon credits, incentivizing businesses and individuals to reduce their carbon footprints. It is expected that the market will attract domestic and international investors, stimulate green innovation, and create new job opportunities.  Additionally, it will contribute to Egypt’s efforts in achieving its Nationally Determined Contributions (NDCs) to reduce greenhouse gas emissions. The launch of the

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