On May 5, 2025, the sixth transaction of carbon credit certificates was executed, involving 500 certificates at a price of EGP 1,000 per certificate. It is worth noting that each certificate represents one ton of CO2 equivalent. This transaction is part of a series that began on August 13, 2024, bringing the total number of executed deals to six, with a cumulative volume of 5,500 certificates.
This milestone supports the Egyptian Exchange’s (EGX) leadership in sustainability, which began in 2010 with the launch of the Sustainability Index, followed by EGX's joining the United Nations Sustainable Stock Exchanges (SSE) initiative in 2012, then being member of the World Federation of Exchanges (WFE) Sustainability Committee, and chairing the African Securities Exchanges Association (ASEA) Sustainability Committee since 2018. The EGX has also issued a guidance manual for listed firms on environmental, social, and governance (ESG) reporting and the Sustainable Development Goals (SDGs), and following up the publication of relevant reports by listed firms. In December 2023, EGX announced the readiness with trading system to support carbon credit transactions.
As part of a strategic step to position Egypt as a leading regional and international hub for sustainable finance, and in ongoing coordination between the EGX and the Financial Regulatory Authority (FRA) — in line with FRA’s efforts to amend the Capital Market Law’s executive regulations to consider renewable energy certificates as tradable financial instruments — EGX has renamed and rebranded the Voluntary Carbon Market. The new name reflects the market’s expansion to include additional sustainable financial instruments, such as renewable energy certificates, and its ambition to broaden its geographic scope from Africa to global markets.
Accordingly, the market has been renamed: "Egyptian Climate Exchange (EGCX)", aspiring to serve as a vital bridge between environmental projects and responsible, sustainable finance — strengthening international cooperation and reinforcing Egypt’s role as a key player in the future of global sustainable markets.
It is also worth mentioning that the carbon credit trading system was developed by Egypt for Information Dissemination EGID (EGX’s technology arm), and supports multiple execution models: English Auction, Dutch Auction, and Pre-arranged Deals. While the clearing and settlement system was developed by Taswyaat, the EGX-owned clearing services company.
