{"id":543558,"date":"2022-02-07T03:44:10","date_gmt":"2022-02-07T03:44:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/"},"modified":"2022-02-07T03:44:10","modified_gmt":"2022-02-07T03:44:10","slug":"local-carbon-credit-exchange-in-the-works","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/","title":{"rendered":"Local carbon credit exchange in the works"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> The <strong>Environment Ministry<\/strong> is working with the <strong>EGX<\/strong> on a proposal to set up <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/21\/environment-ministry-to-launch-egypts-first-carbon-trade-exchange\/\">a platform<\/a> that would allow companies to <strong>buy and sell carbon credits, <\/strong><a href=\"https:\/\/bit.ly\/3LfvD4o\">Al Mal<\/a> quoted EGX Chairman Mohamed Farid as saying. The proposal will soon be presented to Cabinet and the National Council for Climate Change, Farid reportedly said. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8bccb1be-e366-491b-a328-369fd2b8c4e2\">Carbon credits<\/a> are tradable certificates designed give companies incentives to lower emissions.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>National Investment Bank subsidiary <strong>NI Capital<\/strong> has launched a <strong><a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/posts\/482537713236070\">new fixed<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/MPEDEGYPT\/posts\/482537713236070\">income fund<\/a><\/strong>.<\/li>\n<li><strong>Energya Cables<\/strong> <a href=\"https:\/\/tinyurl.com\/5fmphjuv\">was awarded<\/a> an <strong>Electricity Ministry<\/strong> project to replace aerial electrical cables and electrical circuits with <strong>ground fiber optic cables <\/strong>along <strong>6th of October\u2019s main power line<\/strong>. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Environment Ministry is working with the EGX on a proposal to set up a platform that would allow companies to buy and sell carbon credits, Al Mal quoted EGX Chairman Mohamed Farid as saying. The proposal will soon be presented to Cabinet and the National Council for Climate Change, Farid reportedly said. Carbon credits [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7209],"tags":[111,835,68,770,72,453,246,585,834],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543558","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-carbon-credits","tag-egx","tag-electricity-ministry","tag-enterpriseam","tag-environment-ministry","tag-green-economy","tag-national-investment-bank","tag-ni-capital","wpautop","entry"],"acf":{"mongo_id":"b3d03fcd-ba57-45bf-ba43-8a81ee22d88f","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543538],"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>Local carbon credit exchange in the works - EnterpriseAM Egypt<\/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\/egypt\/2022\/02\/07\/local-carbon-credit-exchange-in-the-works\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local carbon credit exchange in the works\" \/>\n<meta property=\"og:description\" content=\"The Environment Ministry is working with the EGX on a proposal to set up a platform that would allow companies to buy and sell carbon credits, Al Mal quoted EGX Chairman Mohamed Farid as saying. The proposal will soon be presented to Cabinet and the National Council for Climate Change, Farid reportedly said. 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A proposal has been submitted to the cabinet, urging them\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644053,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/fras-farid-highlights-how-the-regulator-brought-new-instruments-depth-to-the-market\/","url_meta":{"origin":543558,"position":1},"title":"FRA\u2019s Farid highlights how the regulator brought new instruments + depth to the market","author":"enterpriseam admin","date":"19 September 2024","format":false,"excerpt":"Farid spoke at EFG Hermes\u2019 annual conference in London","rel":"","context":"In &quot;Spotlight&quot;","block_context":{"text":"Spotlight","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/spotlight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1528.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577023,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/egx-sets-up-company-to-manage-carbon-credit-exchange\/","url_meta":{"origin":543558,"position":2},"title":"EGX sets up company to manage carbon credit exchange","author":"enterpriseam admin","date":"7 November 2022","format":false,"excerpt":"EGX teams up with Agricultural Bank, Enara Group to form carbon credit company: An Egyptian Exchange (EGX) subsidiary has signed an agreement with the Agricultural Bank of Egypt and Enara Group\u2019s Libra Capital to establish Libra Carbon, the first Egyptian company to develop and issue carbon certificates, according to a\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584227,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/28\/global-carbon-council-to-list-carbon-credits-on-egx-plus-usaid-funding-for-tech-schools-azimut-app\/","url_meta":{"origin":543558,"position":3},"title":"Global Carbon Council to list carbon credits on EGX. 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