{"id":86509,"date":"2024-09-04T00:00:00","date_gmt":"2024-09-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/04\/egypts-carbon-market-heats-up-with-12-new-projects-coming-on-board\/"},"modified":"2024-09-04T00:00:00","modified_gmt":"2024-09-04T00:00:00","slug":"egypts-carbon-market-heats-up-with-12-new-projects-coming-on-board","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/04\/egypts-carbon-market-heats-up-with-12-new-projects-coming-on-board\/","title":{"rendered":"Egypt\u2019s carbon market heats up with 12 new projects coming on board"},"content":{"rendered":"

<\/strong>Egypt\u2019s Financial Regulatory Authority (FRA) has registered 12<\/strong> new carbon reduction projects to its <\/strong>newly-launched carbon market<\/a><\/strong>, according to a statement<\/a>. All 12 projects are certified under Egyptian Biodynamic Association\u2019s Economy of Love standard, which aims to support small-scale farmers as they switch to organic and biodynamic farming methods. They will offer over 13.2k carbon credits that will help reduce 13.3k tons of carbon emissions. <\/p>\n

ICYMI- Egypt <\/strong>debuted its voluntary trading carbon market \u2014 the first in the country and in Africa \u2014 in August.<\/strong> The market allows companies to issue and trade voluntary carbon certificates in Egypt and Africa, which can be bought by other companies wanting to offset their emissions.<\/span><\/p>\n

Egypt\u2019s VCN saw its fair share of activity:<\/strong> Local agriculture firm Daltex purchased 1.5k carbon credits<\/a> from an agroforestry project in India\u2019s Punjab during the first day of trading. Egyptian food producer Isis Organic also purchased carbon credits representing 500 tons of carbon dioxide from 10 farms through the Egyptian Biodynamic Association. More recently, Egypt\u2019s Misr Ins. inked a preliminary agreement<\/a> with Singapore-based Value Network Ventures Advisory Services that will see it make its entry into Egypt\u2019s carbon market. <\/p>\n

Egypt isn\u2019t the only country looking to kick start its carbon market:<\/strong> Oman\u2019s Environment Authority completed the final draft of a carbon markets policy framework<\/a> last week as the sultanate eyes to become a carbon trading hub in the region. The 52-page document outlines plans for a national carbon registry and enhanced institutional capacity. <\/p>\n","protected":false},"excerpt":{"rendered":"

The projects will slash 13.2k tons of CO2 emissions<\/p>\n","protected":false},"author":1,"featured_media":86510,"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":[342],"tags":[98,40,11],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-carbon-markets","tag-carbon-markets","tag-egypt","tag-enterpriseclimate","wpautop","entry"],"acf":{"mongo_id":"64224ab7-1f0a-4d05-9319-1e3c6fa813dc","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1247.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s carbon market heats up with 12 new projects coming on board","related_issue":[86502],"teaser":"The projects will slash 13.2k tons of CO2 emissions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.780b0c79-152a-4e0c-b2d0-fc47ac91db45.mp3"},"yoast_head":"\nEgypt\u2019s carbon market heats up with 12 new projects coming on board - 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