Africa > First Islamic financing facility set up for voluntary carbon market

First Islamic financing facility set up for voluntary carbon market

Published 16:32 on November 7, 2022  /  Last updated at 17:11 on November 7, 2022  / Paddy Gourlay /  Africa, International, Middle East, Nature-based, Voluntary

An investment fund for oil exporting Arabic countries has struck a major Islamic financing carbon offsetting deal at the start of COP27 in Egypt, billed as the first-of-its kind in the Middle East and North Africa (MENA) region.
An investment fund for oil exporting Arabic countries has struck a major Islamic financing carbon offsetting deal at the start of COP27 in Egypt, billed as the first-of-its kind in the Middle East and North Africa (MENA) region.


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