Dr. Mohamed Farid:
- Egypt has successfully launched the first regulated and supervised voluntary market for trading carbon reduction certificates, supporting the green economy.
- Studying the launch of an International Renewable Energy Certificates (I-RECs) platform will enhance the competitiveness and investment attractiveness of clean energy projects.
- Technical coordination has begun, along with field visits by company experts, in preparation for pilot projects in the Egyptian market.
- Egypt is keen to attract high-quality investments and advanced technological solutions that contribute to sustainable development.
Green Carbon:
- We look forward to further cooperation and partnership with MIFT to support the transition toward a green economy.
- Exchange of technical expertise and consultations to provide all forms of support contributing to achieving carbon neutrality.
- We commend Egypt’s capabilities in establishing and operationalizing the first regulated voluntary carbon credit trading market.
In line with the State’s efforts to accelerate the transition toward a green economy and attract high-quality sustainability-focused investments, Dr. Mohamed Farid, Minister of Investment and Foreign Trade (MIFT Minister), met with senior officials from the U.S.-based company “Green Carbon” to discuss the localization of advanced technologies required for carbon emission reduction and to enhance cooperation in developing carbon markets in Egypt.
During the meeting, MIFT Minister reviewed the State’s efforts to establish a regulated and supervised voluntary market for trading carbon emission reduction certificates, which supports Egypt’s green economy agenda and promotes sustainability-driven investment.
Furthermore, MIFT Minister highlighted the importance of studying the launch of an International Renewable Energy Certificates (I-RECs) platform, which would enhance the competitiveness of clean energy projects and increase their investment appeal in the Egyptian market.
The meeting also covered opportunities for cooperation in transferring and localizing modern technologies, where both sides agreed to begin technical coordination and organize field visits for company experts, in preparation for developing and implementing pilot projects in the Egyptian Market.
In the Same Context, MIFT Minister emphasized Egypt’s commitment to attracting high-value investments and advanced technological solutions that support sustainable development goals and promote a low-carbon economy.
On its part, Green Carbon expressed its strong interest in strengthening cooperation with MIFT to support the transition toward a green economy, expand technical knowledge exchange, and contribute to carbon neutrality efforts.
In addition, Green Carbon praised Egypt’s steps in establishing the first regulated and supervised voluntary market for trading carbon emission reduction certificates, affirming that it represents an advanced model in the region in this field.
The meeting concluded with an agreement to continue joint coordination in the coming period to support the green transition and enhance investment opportunities in sustainable technology sectors in Egypt.
Green Carbon is a U.S.-based company specializing in the development of technologies and solutions for carbon emission reduction and the transition to a low-carbon economy. Its advanced technologies include carbon capture, industrial emissions reuse, and innovative waste management solutions that convert waste into value-added products.
The company is committed to supporting environmental sustainability projects and expanding green technology applications across a number of vital sectors, contributing to accelerating the global shift toward a green economy.
