The Carbon Credit Regulatory Committee

Established under Financial Regulatory Authority (FRA) Decree No. 57/2023, serves as Egypt’s key body for the oversight and regulation of carbon credits. This committee is chaired by Dr. Mohamed Farid Saleh, Chairman of the FRA, and comprises representatives from the FRA, the Ministry of Environment, the Egyptian Exchange, and experienced professionals from the carbon market. The CCRC aims to foster transparency, credibility, and alignment with international best practices in carbon markets.

Carbon Credit Regulatory Committee (CCRC)

Key Functions of the CCRC

Regulatory Development

Drafting regulations for the issuance, supervision, and monitoring of carbon credits, ensuring continuous disclosure and project transparency.

Integrity Assurance

Creating guidelines to maintain the credibility and integrity of carbon credits while preventing conflicts of interest among stakeholders.

Validation Standards

Establishing criteria for the selection of Validation and Verification Bodies for carbon reduction projects.

Registry Oversight

Identifying approved carbon registries eligible for trading and coordinating with entities to establish the Egyptian Registry for Carbon Credits.

Market Standards

Defining carbon credit types and setting market operation standards to align with Egypt’s sustainable development goals.

Steering Committee

H.E. Dr. Mohamed Farid Saleh

Executive Chairman, Financial Regulatory Authority (FRA); Vice Chairman, International Organization for Securities Commissions (IOSCO)

Dr. Mohamed Abdelhamid El-Sayyad

Deputy Chairman, Financial Regulatory Authority (FRA)

Mr. Ahmed Abdel Rahman El Sheikh

Executive Chairman, Egyptian Exchange (EGX)

Counsel. Mohamed Farid Sharaf

Legal Counsel, Financial Regulatory Authority (FRA)

Eng. Ayman Al-Rifai

Head of Mitigation and Clean Development Mechanism (CDM) - Ministry of Environment

Dr. Tarek Shalaby

General Manager of Vulnerable & Adaptation General Department, Climate Change Central Department, Egyptian Environmental Affairs Agency (EEAA)

Mr. Amr Abdel Aziz Ali

Director of Mitigation, Ministry of Environment

Mr. Sherif El Diwany

Chairman of MGM Climate Business Developers

Technical Advisory Committee

The Climate Projects Registry is a voluntary registry jointly established by Egyptian governmental entities to serve as an overarching database for emission reduction project within Egypt.