The Financial Regulatory Authority (FRA) has approved the registration of 12 new projects in its carbon emissions reduction database, and can now trade on the new voluntary carbon market (AFRICARBONex).
The Voluntary Carbon Registry is managed by the Egyptian Biodynamic Agriculture Association (EOL) and is considered the FRA's first locally accredited carbon registry.
It is expected that the 12 recently registered projects will result in 13,291 carbon reduction credits, which is about a decrease of about 13,300 tonnes of CO2 equivalent.
