1732 of 2024, outlining the conditions for securities brokerage firms to obtain FRA approval to trade carbon emission reduction certificates. This initiative is part of the FRA’s ongoing efforts to accelerate the activation of the African voluntary carbon market. The FRA has completed all necessary legislative and regulatory frameworks to launch this market, which will register voluntary reduction projects and trade carbon emission reduction certificates. They must also implement electronic systems that facilitate the trading and settlement of carbon emission reduction certificates. Firms that meet all conditions can apply for FRA approval to trade carbon certificates, submitting documentation proving they fulfil all requirements.

Source: Daily News Egypt July 24, 2024 09:47 UTC