UAE aims to tap Zambia’s vast forests
UAE to tap Zambia forestry for carbon credits
Two governments sign MoU allowing UAE to develop forestry-based projects in the African country
The UAE has signed a memorandum of understanding with Zambia to develop forestry-based carbon removal projects in the African country to generate carbon credits. The agreement falls under Article 6 of the Paris Agreement, which allows international trade in carbon credits used to meet countries’ targets set out in their Nationally Determined Contributions. The UAE has signed the agreement via Blue Carbon, a state-owned company set up to drive forward international carbon removal projects. Zambia is a unique treasure trove of natural resources, rich with vast forests that act as natural carbon sinks Blue Carbon will identify and implement strategies for Zambia's forest landscapes to g
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
