{"id":85525,"date":"2024-07-22T00:00:00","date_gmt":"2024-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/"},"modified":"2024-07-22T00:00:00","modified_gmt":"2024-07-22T00:00:00","slug":"egypts-regulatory-body-unveils-the-requirements-for-carbon-trading","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/egypts-regulatory-body-unveils-the-requirements-for-carbon-trading\/","title":{"rendered":"Egypt\u2019s regulatory body unveils the requirements for carbon trading"},"content":{"rendered":"

<\/strong>FRA rolls out requirements for carbon trading:<\/strong> Brokerage firms looking to trade carbon certificates must have a minimum issued and paid-up capital of EGP 15 mn to get the greenlight from Egypt\u2019s Financial Regulatory Authority (FRA), according to a decision published on Egypt\u2019s Official Gazette. <\/p>\n

Other requirements include: <\/strong>Firms\u2019 ownership rights should not fall below the paid-up capital. And they must make the required tech infrastructure, cybersecurity, and e-systems needed to trade carbon certificates available. Also, brokerage firms are to appoint an FRA-trained executive to be responsible for carbon certificates trading.<\/span><\/p>\n

What\u2019s next? <\/strong>Firms that tick all the boxes can submit a request to the FRA to get their carbon trading license. The authority should respond to the applications within a week\u2019s time. <\/p>\n

Remember: <\/strong>The EGX in 2022<\/a> announced it would set up Africa\u2019s first voluntary carbon market<\/a>. The market will allow companies in Egypt and Africa working on emissions-reducing projects to sell certified carbon credits, which can then be bought by other companies wanting to offset their emissions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Firms that tick all the boxes can submit a request to the FRA to get their carbon trading license<\/p>\n","protected":false},"author":1,"featured_media":85526,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[54],"tags":[53,98,11],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-carbon-markets","tag-enterpriseclimate","wpautop","entry"],"acf":{"mongo_id":"f15b91a1-792d-4b4c-a51e-75c03c85d4b5","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1636.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s regulatory body unveils the requirements for carbon trading","related_issue":[85509],"teaser":"Firms that tick all the boxes can submit a request to the FRA to get their carbon trading license","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.9d510590-b702-4762-bd5d-9ec4da1d15e1.mp3"},"yoast_head":"\nEgypt\u2019s regulatory body unveils the requirements for carbon trading - 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