Arab Finance: The Egyptian Exchange (EGX) has signed a memorandum of understanding (MoU) with the Global Carbon Council (GCC) to enhance regional climate activities, according to an emailed press release on March 27^th.

The MoU was signed by EGX’s Chairman Rami El-Dokany and the Founding Chairman of the GCC Yousef Alhorr.

As per the MoU, carbon footprint certificates registered with the Global Carbon Council will be available for trading on the EGX, allowing investors to diversify their investment portfolios.

A carbon credit is a tradable certificate or permit that represents the right to emit a specific amount of carbon dioxide or the equivalent amount of a different greenhouse gas.

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