Micro-grid and standalone schemes are emerging as a viable mixed source of electricity due to interconnected costly central power plants and associated faults as well as brownouts and blackouts in additions to costly fuels. Micro-Grid (MG) is gaining very importance to avoid or decrease these problems. The objective of this paper is to design an optimal sizing and energy management scheme of an isolated MG. The MG is suggested to supply load located in El-shorouk Academy, Egypt between 30.119 latitudes and 31.605 longitudes. The components of the MG are selected and designed for achieving minimum Total Investment Cost (TIC) with CO2 emissions limitations. This is accomplished by a search and optimization MATLAB code used with Particle Swarm Optimization (PSO) and Genetic Algorithm (GA) techniques. The use of Diesel Generators (DGs) is minimized by limiting the gaseous CO2 emissions as per targeted allowable amount. A comparison is accomplished for investigating the CO2 emissions constraints effects on the TIC in $/year and annual cost of energy in $/kWh. The obtained results verified and demonstrated that the designed MG configuration scheme is able to feed the energy entailed by the suggested load cost effectively and environmental friendly.