EMEA > Africa > FEATURE: Egypt’s Article 6 bet could cash in, but doubts remain around additionality

FEATURE: Egypt’s Article 6 bet could cash in, but doubts remain around additionality

Published 17:52 on July 26, 2024 / Last updated at 17:52 on July 26, 2024 / / EMEA (Africa, Middle East), Insights (Features), International (Aviation/CORSIA, Paris Article 6/PACM, UN Climate Talks), Net Zero Transition (Power/Electrification), Voluntary (VCM Governance)

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Egypt is slated to receive $6 billion in loans from the World Bank by 2027 contingent in part on meeting Article 6 carbon trading infrastructure milestones – but the North African country’s proclivity for renewables projects could compromise credible additionality.
Egypt is slated to receive $6 billion in loans from the World Bank by 2027 contingent in part on meeting Article 6 carbon trading infrastructure milestones – but the North African country’s proclivity for renewables projects could compromise credible additionality.


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