Last year at COP27 Egypt stated it would launch Africa’s first voluntary carbon market, enabling companies in Egypt and Africa to trade certified carbon credits. In August, Egypt’s Financial Regulatory Authority (FRA) announced new regulations that would govern the certification and the process for participating in the proposed voluntary carbon market. According to the authority it is in the process of creating a list of local and foreign institutions capable of verifying and approving carbon credits according to standards and controls issued by it.
