carbon credits Archives - Living Business

category="<a href="https://livingbusiness.com/category/environment/" rel="tag">Environment</a>,<a href="https://livingbusiness.com/category/governance/" rel="tag">Governance</a>">Tag: carbon credits

UAE farm harvests $5.53mln from carbon credits

By Third party content on January 2, 2024

An innovative agricultural project in the UAE, ‘David & Goliath’ farms, has marked a significant milestone by generating 5 million euros ($5.53 million) from carbon credit sales. Carbon credits are permits that allow a company to emit a certain quantity of greenhouse gases, with one credit equalling the emission of one tonne of carbon dioxide […]

UAE based Seagrass and The Hashgraph Association announce launch of co-funded carbon credit Web3 identity wallet

By Press release on December 11, 2023

The Hashgraph Association, the non-profit organization accelerating the broad adoption of the DLT ( Distributed Ledger Technology) network Hedera globally, has today announced a co-funding initiative with UAE based Seagrass, a climate action company and subsidiary of E.ON, one of Europe's largest operators of energy networks and energy infrastructure. This initiative facilitates the building of […]

UAE Ministry of Climate Change signs pact to develop national system for carbon credits

By Third party content on August 15, 2023

The Ministry of Climate Change and Environment has signed a preliminary agreement with UAE-based Industrial Innovation Group (IIG) and Venom Foundation to establish a national system for carbon credits using blockchain technology. The pact in the run-up to the Cop28 climate summit in Dubai in November and December is in line with the UAE’s stricter carbon emissions reduction targets […]

Carbon credits need more supply and integrity to meet global demand, says IEF

By Third party content on December 5, 2022

Carbon credits could make a significant contribution to achieving net zero by 2050, but only if participants address issues over limited supply and integrity, the Secretary General of the International Energy Forum (IEF) told a conference. Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in […]

UAE & Kenya complete mangrove reforestation partnership

By Press release on March 14, 2022

In cooperation between Aqdar, Blue Forest Company and Kenya’s forestry authorities, Khalifa Empowerment Program Aqdar has completed the first phase of the “Fifty Tree” initiative campaign, which was launched at Aqdar World Summit Dubai Expo 2020. It aims to plant 50,000 mangrove trees in the Republic of Kenya in celebration of the UAE’s Year of […]

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