Global Carbon Council & Egyptian Exchange sign MoU to promote climate actions

Global Carbon Council & Egyptian Exchange sign MoU to promote climate actions

Qatar’s Global Carbon Council (GCC), an internationally recognized provider of high-integrity carbon credits, and The Egyptian Exchange (EGX) have signed a Memorandum of Understanding (MoU) to promote regional climate actions and strengthen carbon markets regionally and globally.

Under the agreement, signed by GCC’s Founding Chairman, Dr. Yousef Alhorr, and EGX’s Executive Chairman, Mr. Rami El-Dokany, the GCC-issued carbon credits (CCs) will be listed on the EGX platform, thus expanding the marketplace’s offerings to buyers seeking a diversified portfolio of CCs.

Meanwhile, EGX will leverage GCC’s international profile to advance the growth of the carbon market in Africa and subsequently raise awareness among regional stakeholders, including governments, businesses, and investors, about the importance of the use of market instruments to catalyze climate actions.

Dr. Yousef Alhorr

Founding Chairman

GCC “Collaboration between carbon offsetting platforms and exchanges is vital to building a well-functioning marketplace to promote climate action and deliver highly integral mitigation outcomes. By working in unison, these two mechanisms promote transparency, trust, and growth for carbon markets. Ultimately, by doing so, they contribute to a more sustainable, low-carbon future. We are positive that GCC’s collaboration with EGX will create a lasting impact that will undoubtedly encourage decarbonization of critical sectors by incentivizing businesses pursuing carbon