{"id":73766,"date":"2022-09-01T01:57:26","date_gmt":"2022-09-01T01:57:26","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/09\/01\/consulations-are-underway-in-egypt-to-launch-a-carbon-market\/"},"modified":"2022-09-01T01:57:26","modified_gmt":"2022-09-01T01:57:26","slug":"consulations-are-underway-in-egypt-to-launch-a-carbon-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/09\/01\/consulations-are-underway-in-egypt-to-launch-a-carbon-market\/","title":{"rendered":"Consulations are underway in Egypt to launch a carbon market"},"content":{"rendered":"<p><strong>Plans to launch carbon credits in Egypt are alive and well: <\/strong>Egypt's Financial Regulatory Authority is holding consultations about plans to set up <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/21\/environment-ministry-to-launch-egypts-first-carbon-trade-exchange\/\">a local carbon market<\/a>, it said in <a href=\"https:\/\/ent.news\/2022\/8\/4024.pdf\">a statement (pdf)<\/a> Wednesday. The idea of launching carbon credits in Egypt has been around for a few years and has been pushed by the Environment Ministry and the EGX under its former boss (and now head of the FRA) Mohamed Farid. In February the two sides <a href=\"https:\/\/enterprise.press\/stories\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works-64353\/\">were said<\/a> to be preparing to present the plans to the cabinet but nothing has been heard since. <a href=\"https:\/\/enterprise.press\/stories\/2022\/01\/30\/the-future-of-the-carbon-emissions-market-depends-on-how-we-implement-it-today-63809\/\">Carbon credits<\/a> are tradable certificates designed give companies incentives to lower emissions.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.hsbc.com.bh\/\">HSBC Bahrain<\/a><\/strong> plans to roll out <strong>debit, credit and commercial payment cards<\/strong> made out of <strong>recycled PVC (rPVC)<\/strong> plastic,<strong> eliminating single-use PVC plastic by the end of 2026,<\/strong> the company announced in <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/hsbc-bahrain-switches-to-recycled-plastic-payment-cards-rlgqr7kg\">a statement<\/a>.<\/li>\n<li>Munich-based banknote printing firm <strong><a href=\"https:\/\/www.gi-de.com\/en\/\">Giesecke+Devrient<\/a><\/strong> will introduce a range of environmentally friendly materials in MENA, including a \u201c<strong>green banknote\u201d<\/strong> manufactured using recycled plastic waste, chairman of the company <a href=\"https:\/\/gulfnews.com\/business\/corporate-news\/gieseckedevrient-ceo-sees-gulf-countries-as-important-business-partners-1.1661935056053\">told Gulf News<\/a>.<\/li>\n<li>In the UAE, <strong><a href=\"https:\/\/deliveroo.ae\/\">Deliveroo<\/a><\/strong> is reducing its use of<strong> single-use plastic<\/strong> by joining sustainability initiative <strong><a href=\"https:\/\/www.visitdubai.com\/en\/dubai-can?gclid=Cj0KCQjwjbyYBhCdARIsAArC6LINhdID-2-g6KP440bw8EtuD2sSYwPRiUDhve5DpNMYNLHpTsMtflQaAttkEALw_wcB\">Dubai Can<\/a><\/strong>, according to <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/deliveroo-joins-the-dubai-can-initiative-to-reduce-usage-of-single-use-plastic-water-bottles-mp0r7ek0\">a statement<\/a> picked up by Zawya.<\/li>\n<li>UK climate action startup <strong><a href=\"https:\/\/www.linkedin.com\/company\/expectai\/\">Expect<\/a><\/strong> raised GBP 750k in their pre-seed funding round to expand in the GCC and other regions, according to <a href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/tackling-climate-change-expect-tm-raises-ps750k-pre-seed-to-decarbonise-organisations-profitably-using-artificial-intelligence-808300456.html\">a statement<\/a>.<\/li>\n<\/ul>\n<p><em>Correction: 3 September 2022<\/em><\/p>\n<p><em>A previous version of this story incorrectly stated that the FRA was holding consultations to introduce a carbon offset tax.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plans to launch carbon credits in Egypt are alive and well: Egypt's Financial Regulatory Authority is holding consultations about plans to set up a local carbon market, it said in a statement (pdf) Wednesday. The idea of launching carbon credits in Egypt has been around for a few years and has been pushed by the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[67],"tags":[66,729,69,40,11,728,93,88,223,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73766","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-carbon-tax","tag-china","tag-egypt","tag-enterpriseclimate","tag-gieseckedevrient","tag-jordan","tag-renewables","tag-sustainability","tag-uae","wpautop","entry"],"acf":{"mongo_id":"a2ead528-71fb-423b-a6f8-e18b2c9897d8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[73751],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Consulations are underway in Egypt to launch a carbon market - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/09\/01\/consulations-are-underway-in-egypt-to-launch-a-carbon-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consulations are underway in Egypt to launch a carbon market\" \/>\n<meta property=\"og:description\" content=\"Plans to launch carbon credits in Egypt are alive and well: Egypt&#039;s Financial Regulatory Authority is holding consultations about plans to set up a local carbon market, it said in a statement (pdf) Wednesday. 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