Posted 3/30/2024, 8:19:18 PM
Saudi and UAE Initiatives to Develop Carbon Markets Seen as Vital Step for Climate Action and Clean Energy Transition
- Carbon markets play vital role in achieving climate goals; Saudi and UAE efforts pave way for smooth energy transition
- Saudi establishes Regional Voluntary Carbon Market Co.; Aims to incentivize climate projects and accelerate outcomes
- UAE launches Carbon Alliance to develop carbon market ecosystem domestically
- Carbon markets have potential to achieve net-zero emissions, ensure affordable and reliable energy under Paris Agreement
- Agreement on Article 6 of Paris Agreement key to unlocking potential of international carbon markets
