Jan 27 2011 |
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Dubai centre plans to sell carbon credits in market
Thursday, Jan 27, 2011
Gulf News
Move to help emirate transition to a low carbon economy
Dubai: The first carbon trading centre in the Middle East based in Dubai plans to offset five million tonnes of carbon annually by selling carbon credits on the international market, said one of its stakeholders.
However, the ‘ambitious’ target will not be met immediately, said Ivano Iannelli, managing director of Istidama, a Dubai-based corporate social responsibility and sustainability consultancy firm, working with the newly-established Dubai Carbon Centre of Excellence.
DCCE, UNDP and investors from the private sector will establish a formal framework to address carbon emissions in Dubai and the UAE. “We can generate carbon credits on any project, not only industrial projects,” said Iannelli.
By Emmanuelle Landais, Senior Reporter
© Gulf News 2011. All rights reserved.
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