UAE Carbon Alliance pledges to purchase US$450 million in African carbon credits by 2030
The pledge by the UAE Carbon Alliance seeks to connect the high-integrity supply of African carbon credits to high demand from the Middle East.
The UAE Carbon Alliance, chaired by Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of the UAE Independent Climate Change Accelerators (UICCA), signs a non-binding Letter of Intent with the Africa Carbon Markets Initiative’s Advance Market Signal to pledge an indicative intended purchase of US$450 million in African carbon credits by 2030.
The Africa Carbon Markets Initiative (ACMI) is a collaborative effort incubated by Sustainable Energy for All (SEforALL), the Global Energy Alliance for People and Planet (GEAPP), and The Rockefeller Foundation, and rolled out in partnership with the United Nations Economic Comm...