The Egypt Financial Regulatory Authority, through its Supervisory and Oversight Committee for Carbon Emission Reduction Units, approved the registration of two additional voluntary carbon emissions-reduction projects in its project database and added Jordan-based Ampere to its list of verification and validation entities. The approvals expand the supply chain of carbon emission reduction certificates eligible for trading on the voluntary carbon market platform, where the authority reports around 28 registered projects and more than 170,000 certificates issued to date. The newly registered projects are Oman Blue Carbon, recorded in the authority-accredited Vera registry with annual reductions of 130,723 tonnes of carbon dioxide equivalent, and India’s Solar DC, recorded in the authority-accredited Gold Standard registry with annual reductions of 16,692 tonnes of carbon dioxide equivalent. Oman Blue Carbon is an agricultural project covering around 5,000 feddans, with 300,000 seedlings completed and a stated target to double this by year-end, while Solar DC is a renewable energy project expected to make around 10,000 carbon emission reduction certificates available for trading on the designated platform.
Egypt Financial Regulatory Authority 2025-03-24
Egypt Financial Regulatory Authority registers two new voluntary carbon projects and admits Ampere as a verification and validation body
The Egypt Financial Regulatory Authority approved two new voluntary carbon emissions-reduction projects, Oman Blue Carbon and India's Solar DC, expanding the supply chain for carbon emission reduction certificates. Oman Blue Carbon, an agricultural project, and Solar DC, a renewable energy project, are expected to significantly contribute to the voluntary carbon market platform. The authority also added Jordan-based Ampere to its list of verification and validation entities.