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Monday, 7 February 2022

Local carbon credit exchange in the works

The Environment Ministry is working with the EGX on a proposal to set up a platform that would allow companies to buy and sell carbon credits, Al Mal quoted EGX Chairman Mohamed Farid as saying. The proposal will soon be presented to Cabinet and the National Council for Climate Change, Farid reportedly said. Carbon credits are tradable certificates designed give companies incentives to lower emissions.

Other things we’re keeping an eye on this morning:

  • National Investment Bank subsidiary NI Capital has launched a new fixed income fund.
  • Energya Cables was awarded an Electricity Ministry project to replace aerial electrical cables and electrical circuits with ground fiber optic cables along 6th of October’s main power line.

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