At the 28th United Nations Climate Change Conference (COP28), during a panel discussion entitled ‘Establishing the Ecosystem for Carbon Markets in the UAE’, Her Excellency Mariam bint Mohammed Saeed Hareb Almheiri, Minister of Climate Change and Environment, announced the launch of the National Carbon Registry, a groundbreaking initiative and the first of its kind in the region, in partnership with INDUSTRIAL INNOVATION GROUP
As a global leader in conceptualising comprehensive carbon removal and climate change mitigation initiatives, INDUSTRIAL INNOVATION GROUP has emerged as a strategic partner to the UAE Ministry of Climate Change and Environment in developing an efficient mechanism for carbon footprint accounting, aligning with the country’s national and international climate commitments
The UAE Cabinet, convening at Expo City Dubai in conjunction with the 28th United Nations Climate Change Conference (COP28), approved the initiative to establish a National Carbon Registry in a new resolution of the UAE Cabinet
COP28 is a distinguished international event focused on seeking and discussing innovative strategic solutions and establishing global standards to combat climate change. As part of the United Nations Framework Convention on Climate Change (UNFCCC), COP attracts the attention of world leaders, influential experts, and representatives from various societal sectors globally, aiming to advance global strategies for reducing greenhouse gas emissions, promoting sustainable development, and adapting to climate change
United Arab Emirates, Dubai, COP28, December 10, 2023
During the 28th United Nations Climate Change Conference (COP28), Her Excellency Mariam bint Mohammed Saeed Hareb Almheiri, the UAE Minister of Climate Change and Environment, announced a strategic and innovative step: the creation of the UAE’s first-ever National Carbon Registry, in partnership with INDUSTRIAL INNOVATION GROUP. This landmark project represents a significant milestone for the UAE, emphasising the commitment to building an economy and ecosystem that promotes sustainable behavior and addresses the climate crisis.
The UAE Cabinet previously approved the Ministry of Climate Change and Environment initiative to create a National Carbon Registry, which enables government and private institutions to assess and document their contributions to reducing carbon emissions with government certificates. (https://wam.ae/article/aq2fe7e-mohammed-bin-rashid-chairs-uae-cabinet-meeting).
Photos source: Emirates News Agency – WAM
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, chaired a UAE Cabinet meeting at Expo City Dubai, in conjunction with the 28th United Nations Climate Change Conference (COP28). His Highness emphasised the importance of the country’s environmental initiatives, including the creation of the National Carbon Credit Registry. Sheikh Mohammed sets out new UAE sustainability drive (thenationalnews.com)
The UAE National Carbon Registry is set to play a key role in the effective monitoring and accounting of carbon emissions. It will also provide a reliable tool for quantitatively assessing the country’s environmental initiatives in carbon removal, forming part of broader efforts towards sustainable development and combating climate change. The registry will enable the country not only to meet global standards but also to stimulate innovations aimed at reducing its carbon footprint.
Her Excellency Mariam bint Mohammed Saeed Hareb Almheiri, the UAE Minister of Climate Change and Environment, emphasising the significance of this project during the panel discussion ‘Establishing the Ecosystem for Carbon Markets in the UAE’, stated, “I really want to first take the opportunity to thank our partners, Industrial Innovation Group, and my team, as this is one of the first of this kind initiatives in the region. The National Carbon Registry is a significant milestone for the UAE, and it really emphasises our commitment to building an economy and ecosystem that promotes and rewards sustainable behavior. This registry provides the UAE with a unique opportunity to combat the climate crisis, promotes sustainable projects, and advances innovations in financing mitigation activities in a way which has environmental integrity. It is the world’s first global project of such scale, and I am genuinely proud that we have initiated it.”
Mr. Taryam Matar Taryam, CEO of INDUSTRIAL INNOVATION GROUP, expressed confidence in the successful implementation of the project: “For Industrial Innovation Group, it is a great honor to collaborate with the UAE Ministry of Climate Change and Environment at this significant historical moment. In 2023, the UAE is taking a decisive and responsible step forward in regulating collective emissions, progressively reducing their impact on the environment. The National Carbon Registry will act as a catalyst for transformations in carbon accounting and the development of innovative solutions, implementing environmentally friendly initiatives.”
Ms. Muna Ahmad Alamudi, Director of Climate Change at the Ministry of Climate Change and Environment, stated: “The launch of the National Carbon Registry in the UAE, jointly developed with Industrial Innovation Group and Venom, is a significant step in combating climate change. This registry combines rigorous resolution and a transparent registration process, ensuring 100% traceability and transparency through the implementation of advanced web3 and blockchain technology. Particularly important is the process of issuing carbon credits: once projects are confirmed and verified by MOCCAE, they become eligible for emission reduction certificates, which can then be traded. This opens new opportunities not only for raising environmental standards in the UAE but also for international cooperation in line with the Paris Agreement.”
The UAE National Carbon Registry sets new standards in sustainability and environmental protection, ensuring a balance is maintained so that economic growth, historically linked with increasing carbon emissions, is not compromised. The sustainable future of humanity deeply depends on initiatives that couterbalance carbon emissions effectively decelerating the rise in global temperatures.
For reference: INDUSTRIAL INNOVATION GROUP LLC is the technological and methodological partner of the UAE Ministry of Climate Change and Environment. The partnership is dedicated to an innovative initiative that encompasses the integration, digitisation, and optimisation of both mandatory and voluntary carbon credit markets, and creating the first national carbon registry in history using blockchain technology.
Official Signing of the Memorandum of Understanding, July 20, 2023: https://gulfbusiness.com/uae-to-develop-national-system-carbon-credits/
***
The Ministry of Climate Change and Environment of the United Arab Emirates manages all aspects related to international and domestic climate change affairs, actively intensifying efforts to address the issue of climate change. The Ministry implements a comprehensive policy for climate change mitigation and adaptation.
Industrial Innovation Group is a transnational group of companies headquartered in the United Arab Emirates. It has unparalleled 30 years of experience in creating complex, high-tech, and highly intellectual architectures, designing and constructing large-scale industrial innovation complexes. Industrial Innovation Group LLC has immense expertise in creating large-scale national registries related to identification processes and excels in developing sustainable pathways for various business sectors, conceptualising carbon removal initiatives, generating project documentation for different carbon credit registries, and effectively managing, monitoring, and reporting on subsequent carbon removal projects. Industrial Innovation Group owns 402 intellectual property assets and unique advanced technologies, ensuring the highest level of project implementation.
***
UAE to establish carbon registry to measure companies’ emission cuts – Bloomberg (zawya.com)
