{"id":639707,"date":"2024-08-13T00:00:00","date_gmt":"2024-08-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/"},"modified":"2024-08-13T00:00:00","modified_gmt":"2024-08-13T00:00:00","slug":"egypt-officially-launches-africas-first-voluntary-carbon-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/","title":{"rendered":"Egypt officially launches Africa\u2019s first voluntary carbon market"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, folks, and happy humpday. <\/strong>We have reached mid-week but the news cycle is still taking a breather.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The carbon trading market officially has liftoff:<\/strong> Africa\u2019s first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0957f2c1-9347-4585-a177-3339bfcc352a\/steps-toward-launching-africa%25e2%2580%2599s-first-voluntary%253cmark%253e-carbon%253c%2Fmark%253e-market-are-gaining-traction\" style=\"\" rel=\"noopener\">carbon trading<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0957f2c1-9347-4585-a177-3339bfcc352a\/steps-toward-launching-africa%25e2%2580%2599s-first-voluntary%253cmark%253e-carbon%253c%2Fmark%253e-market-are-gaining-traction\" style=\"\" rel=\"noopener\">market<\/a> was inaugurated earlier today in a major \u201cstep toward achieving economic and environmental sustainability in Egypt,\u201d Planning and International Cooperation Minister Rania Al Mashat <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid032JS5hJXvVBodiTsVYAEY1Gh4Udtv5cQF6resZhVE9ednYFGuVgMdY3kS5HXfn5oUl\" style=\"\" rel=\"noopener\">said<\/a> at the market\u2019s official launch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> We heard yesterday that the FRA had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a1d974ae-027a-4796-a596-f250d9beee32\/egx30-recoups-last-week%25e2%2580%2599s-losses\" style=\"\" rel=\"noopener\">wrapped up<\/a> all the necessary requirements and procedures to register carbon emissions-reducing projects and kick start the market, which will allow companies to issue and trade voluntary carbon certificates in Egypt and Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No one headline is in the spotlight today, but world leaders are bracing for an <\/strong><strong>attack by Iran on Israel.<\/strong> Yesterday, White House spokesman John Kirby said that Israel\u2019s allies, the US at the forefront, \u201chave to be prepared [for] a significant set of attacks\u201d after Israel called retaliation by Iran to the assassination of Ismail Haniyeh \u201cincreasingly likely.\u201d US Secretary of State Anthony Blinken, no stranger to ceasefire talks, is expected to visit Qatar, Egypt, and Israeli leaders in an attempt to facilitate peace talks ahead of an imminent strike. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-12\/us-shares-israel-s-view-iranian-attack-is-increasingly-likely?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Eni to set up a fixed regasification unit in Damietta:<\/strong> The Madbouly government is in talks with Italian energy giant Eni to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6cf2075b-4d1c-428b-b44d-7322af3411c5\/egypt-is-in-talks-with-italy%25e2%2580%2599s-eni-over-a-new-usd-150-mn-fixed-regasification-unit\" style=\"\" rel=\"noopener\">build a regasification unit<\/a>, with investments of about USD 150 mn, in Damietta.<\/li>\n<li><strong>Subsidized loans for pharma players?<\/strong> The government has approved a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a999619f-062f-426f-9d80-51833220c11b\/egypt-to-end-meds-shortage-with-subsidized-loans-for-pharma-players\" style=\"\" rel=\"noopener\">EGP 7 bn of subsidized loans<\/a> for pharma companies, offering them financing at an interest rate of 5-7% to help streamline meds production and secure necessary imports.<\/li>\n<li><strong>Egypt will set up a logistics zone in Rwanda<\/strong>, after the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/22b5959a-2b10-4323-932d-f01678150752\/egypt-to-set-up-a-logistics-zone-in-rwanda\" style=\"\" rel=\"noopener\">Rwandan side allocated<\/a> the necessary land near its border with Tanzania.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Mercury is peaking at a high of 37\u00b0C before simmering to a moderate low of 26\u00b0C by nightfall, according to our favorite app. Sahel and Alexandria are seeing cooler weather, with a high of 31-33\u00b0C and a low of 26-27\u00b0C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, folks, and happy humpday. We have reached mid-week but the news cycle is still taking a breather. THE BIG STORY TODAY The carbon trading market officially has liftoff: Africa\u2019s first carbon tradingmarket was inaugurated earlier today in a major \u201cstep toward achieving economic and environmental sustainability in Egypt,\u201d Planning and International Cooperation Minister [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":639708,"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":[7213],"tags":[68,633,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-egx","tag-enterprisepm","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"45b4c63c-2e0b-438b-a234-f3bc989838b4","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/3\/1955.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[639705],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.44b0e034-ab93-4509-919d-50840ab02689.mp3"},"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>Egypt officially launches Africa\u2019s first voluntary carbon market - 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\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt officially launches Africa\u2019s first voluntary carbon market\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, folks, and happy humpday. We have reached mid-week but the news cycle is still taking a breather. THE BIG STORY TODAY The carbon trading market officially has liftoff: Africa\u2019s first carbon tradingmarket was inaugurated earlier today in a major \u201cstep toward achieving economic and environmental sustainability in Egypt,\u201d Planning and International Cooperation Minister [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1955.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt officially launches Africa\u2019s first voluntary carbon market\",\"datePublished\":\"2024-08-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/\"},\"wordCount\":386,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1955.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EGX\",\"EnterprisePM\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/egypt-officially-launches-africas-first-voluntary-carbon-market\/\",\"name\":\"Egypt officially launches Africa\u2019s first voluntary carbon market - 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We have another brisk news day here at home as we are inching closer to the weekend.THE BIG STORY TODAY Hapag-Lloyd\u2019s ships will avoid sailing through the Red Sea through 2024: German shipping giant Hapag-Lloyd will continue to steer its container ships away from the Red\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1313.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640535,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/27\/india-is-looking-into-setting-up-a-usd-60-mn-carbon-black-factory-in-egypt\/","url_meta":{"origin":639707,"position":1},"title":"India is looking into setting up a USD 60 mn carbon black factory in Egypt","author":"enterpriseam admin","date":"27 August 2024","format":false,"excerpt":"Good afternoon, folks. It\u2019s only Tuesday but we have already started counting down to the weekend. THE BIG STORY TODAY- A USD 60 mn carbon black factory in the making? One of India\u2019s largest black carbon producers is interested in setting up a USD 60 mn plant in Egypt, according\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1517.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":680691,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/11\/egypt-secures-eu-carbon-tax-reprieve-until-2027\/","url_meta":{"origin":639707,"position":2},"title":"Egypt secures EU carbon tax reprieve until 2027","author":"enterpriseam admin","date":"11 January 2026","format":false,"excerpt":"Good afternoon, friends, and welcome to the start of another workweek. To start you off, we\u2019ve got an exclusive on Egypt securing a two-year reprieve from the EU\u2019s carbon border tax, a deep dive into the plastics industry\u2019s green crossroads, and a guide to financing your next car.THE BIG STORY\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/848.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583259,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/15\/this-evening-adnoc-now-owns-half-of-totalenergies-sturgeon-is-out\/","url_meta":{"origin":639707,"position":3},"title":"THIS EVENING: Adnoc now owns half of TotalEnergies + Sturgeon is out","author":"enterpriseam admin","date":"15 February 2023","format":false,"excerpt":"Good afternoon, wonderful people. It\u2019s a busy Wednesday afternoon, with a pipeline of news to keep you busy as we count down to the weekend. THE BIG STORY TODAY Adnoc Distribution now owns half of one of Egypt\u2019s largest fuel retailers: Adnoc Distribution, the distribution arm of UAE\u2019s state oil\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2021\/08\/agreement-1600px-e1633354302226.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639865,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/15\/cabinet-unveils-plan-to-produce-and-export-green-hydrogen\/","url_meta":{"origin":639707,"position":4},"title":"Cabinet unveils plan to produce and export green hydrogen","author":"enterpriseam admin","date":"15 August 2024","format":false,"excerpt":"Good afternoon, friends, and happy Thursday. We might be gearing up for a restful weekend, but the news cycle shows no sign of slowing down.THE BIG STORY TODAY Egypt unveils its green hydrogen strategy: The government announced the National Low-Carbon Hydrogen Strategy today, aiming to transform Egypt into a global\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":611919,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/14\/govt-to-launch-pilot-mandatory-carbon-market-in-1q-2024\/","url_meta":{"origin":639707,"position":5},"title":"Gov\u2019t to launch pilot mandatory carbon market in 1Q 2024","author":"enterpriseam admin","date":"14 December 2023","format":false,"excerpt":"The World Bank is working alongside the Environment Ministry to get the market off the ground","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\/2023\/12\/955.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=639707"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639707\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/639705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/639708"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639707"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639707"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}