MGM Launching the First Egyptian entity “EGYCOP” to invest in projects that issue Carbon credit certificates
MGM is pleased to Launch the first Egyptian entity to invest in projects that issue carbon certificates, during COP27 that was held in Sharm El Sheikh, Egypt. The event was supervised by the Ministry of Planning, Ministry of Environment, and the Financial Regulatory authority.
EgyCop is the first entity to provide financing to assist companies in the process of transitioning towards a green economy without harmful emissions to the environment, to enhance Egypt's participation in the current global efforts to achieve zero carbon neutrality by issuing and trading certificates in exchange for emissions reductions.
It is noteworthy that EGYCOP will invest in projects that issue carbon certificates that will be internationally accredited to offset emissions from the Swiss Gold Standard Corporation.
Minister of Environment: Launching the "EgyCOP" fund in favor of climate finance
Dr. Yasmine Fouad, Minister of Environment, Ministerial Coordinator and Envoy of the Climate Conference, participated, in the session “ “Private Financing to Mitigate Emerging Economies”, which was held in the Egyptian pavilion in the blue region on the sidelines of the meetings of the 27th Conference of the Parties to the Convention. The United Nations Framework Convention on Climate, which is being held in Sharm El-Sheikh from 6 to 18 November, in the presence of Dr. Hala Al-Saeed, Minister of Planning and Economic Development, Dr. Mohamed Farid, Chairman of the Board of Directors of the Egyptian Financial Supervision Authority for Voluntary Carbon Markets, Ms. Margaret N. Kim, CEO of Gold Standard, and the session will be moderated was moderated Mr. Sharif Al Diwani, member of the Board of Directors of MGM.
