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About Us

AFRICARBONex


A novel opportunity for a better future  

 

AFRICARBONex is a regulated voluntary carbon market established by the Egyptian Exchange that allows companies & entities to offset their residual emissions through buying & retiring high-quality carbon credits through a regulated auction operated by the Egyptian Exchange and regulated by The Financial Regulatory Authority. The market aims to reduce the risk of settlement and greenwashing, besides price discovery for the Egyptian and African credits. 

 

The market will also aim to monetize the reduction efforts in the region by facilitating trading on carbon credits that will be available for the entities wishing to reduce their carbon footprint. 

 

The market will boost financing African climate projects to achieve net zero and will help in reducing the risk of settlement and greenwashing besides price discovery for the Egyptian and African credits

 

Features

AFRICARBONex

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Why AFRICARBONex?

  • Increasing capital flows into carbon reductions and removals

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Why AFRICARBONex?

  •       Achieving sustainable development goals SDGs

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Why AFRICARBONex?

  •         Increasing ecosystem protection and restoration

Testimonials

Hear About
Us!

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AFRICARBONex is a step to enable and mobilize sustainable finance in the region; the market will incentivize climate mitigation efforts. AFRICARBONex is a part of EGX’s ongoing commitment to achieve the sustainable development goals SDGs and supporting the transition to low-carbon economy.

Mr. Ahmed Elsheikh - Chairman of The Egyptian Exchange

The new platform is consistent with the vision of the Egyptian state to achieve the goals of the green economy and support the sustainable development strategy, indicating that the government will work to provide all the guarantees and incentives required to support plans and business models that push towards achieving sustainable development, especially those that provide solutions to address climate change.

Dr. Hala Elsaid - Minister of Planning and Economic Development

Thanks and appreciation to the leaders of the Financial Regulatory Authority and the Egyptian Exchange, for their efforts to transform policies and ideas into reality.

Dr.Yasmine Fouad - Minister of Environment

Announcing the launch of the VCM during COP27, Dr. Madbouly expressed his great happiness at Egypt’s launch of the first voluntary African market for issuing and trading carbon credits, praising the role played by the Financial Regulatory Authority and the Egyptian Exchange, in a quick translation of the slogan of the year’s climate summit, which is moving from pledges to implementation.

Dr. Mostafa Madbouly - The Prime Minister of Egypt

What we are witnessing now is a historic moment, the VCM will serve as a pivotal market to help the African continent achieve carbon neutrality in accordance with international standards, and enhance the level of involvement of African companies in accessing innovative climate financing.

Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority