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Egypt’s Financial Regulatory Authority (FRA) is working on a regulatory and technical framework to create the nation’s first credit rating agency dedicated to carbon reduction certificates, according to Tarek Seif, Executive Director of the FRA’s Financial Services Institute. At a workshop on non-banking financial sector developments on 24 October, Seif announced that the initiative seeks to strengthen market trust and guarantee an accurate evaluation of the certificates’ environmental impact and financial worth. Carbon reduction certificates, often known as carbon credits,…
