The Financial Regulatory Authority (FRA) approved 12 new projects to be registered in its carbon emissions reduction database, enabling them to soon trade on the new voluntary carbon market (AFRICARBONex).
Since trading began, several companies have already participated
Trading commenced today, August 13th, with the market regulated and monitored by financial authorities in both Egypt and Africa.
In collaboration with the Ministry of Environment, the FRA has established the necessary framework, while the Egyptian Exchange (EGX) has developed a trading platform
According to the statement, the authority has already completed all necessary legislative and regulatory frameworks to launch the market
