First trade of new Egyptian voluntary carbon market likely this week -media
Egypt’s new voluntary carbon market (VCM) trading platform will likely see its first carbon credit trade occur this week, between an agricultural collective seller and a food processing company buyer, according to local media.
Read MoreFEATURE: Egypt’s Article 6 bet could cash in, but doubts remain around 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.
Read MoreEgyptian voluntary carbon market opens for trading, awaits first deals -media
Egypt’s long-awaited voluntary market (VCM) is ready to start trading, and the Egyptian Stock Exchange (EGX) is currently awaiting the execution of its very first deals, according to local media reports.
Read MoreClimate tech startup secures $10 mln to expand water-based CDR technology
An Israeli climate tech startup has completed a seed funding round to scale and deploy its water-based CO2 removal (CDR) technology. This latest round brings the total funding raised by the company to $10 million.
Read MoreAlgeria sets sights on CCS to lower national carbon footprint -media
Algeria’s government and private sector are looking to carbon capture and storage (CCS) to counterbalance emissions from oil and gas production, with an eye to minimising the impact of the EU’s Carbon Border Adjustment Mechanism (CBAM), according to local media sources.
Read MoreAzerbaijan launches Climate Finance Action Fund with initial target of $1 bln
Azerbaijan has today announced the launch of the Climate Finance Action Fund (CFAF), initially targeting $1 billion in financing from fossil fuel producing countries and companies, and half of the capital to go towards climate projects in developing countries.
Read MoreEON subsidiary to present carbon crediting plan for battery storage projects at COP29
A subsidiary of large European energy firm EON plans to present a plan for crediting emissions reductions from battery storage projects at COP29 in November.
Read MoreBritish government leading public-private initiative to bring carbon trading to COP29 host Azerbaijan
The UK government is leading a public-private initiative to launch a carbon market in Azerbaijan, where this year’s annual UN climate summit will be held.
Read MoreQatari, Japanese climate institutes sign agreement to facilitate global Article 6 readiness
A Qatar-based research and development (R&D) centre has signed an MOU with a Japanese think tank to accelerate carbon trading under the Paris Agreement, the pair announced on Sunday.
Read MoreEgypt’s voluntary carbon market set to open pending regulatory approval of new rules
Egypt’s voluntary carbon market (VCM), two years in the making, is poised to open once the country’s Financial Regulatory Authority (FRA) approves trading rules by the Egyptian Stock Exchange (EGX) and settlement rules by clearing house Taswyaat, both put out this week.
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