FRA Chairperson Mohamed Farid shared these figures during a press conference highlighting the Authority’s activities over the past year.
These efforts align with Egypt’s larger environmental goals, particularly its commitment to reduce emissions from electricity generation, transmission, and distribution by 37% by 2030.
The Financial Regulatory Authority (FRA) announced the successful sale of 350 carbon emission reduction certificates.
He emphasized the FRA’s commitment to fostering a supportive regulatory environment and promoting innovative solutions in alignment with Egypt’s Vision 2030.
In an official statement, the FRA explained that it aims to ensure financial stability within non-banking financial institutions, a critical component for bolstering the national economy and meeting individual needs.
