UAE Ministry of Climate Change and Environment organized the 12th National Dialogue for Climate Ambition (NDCA) that was held under the theme “Innovative Financing Through National Carbon Registry”
The 12th NDCA was focused on exploring the implementation of the National Carbon Registry and provided an overview of its role in registering and distributing carbon credits within the country
INDUSTRIAL INNOVATION GROUP, as a global leader in conceiving comprehensive carbon removal and climate change initiatives, formally pledged its commitment to the UAE Climate-Responsible Companies Pledge during the 12th NDCA
INDUSTRIAL INNOVATION GROUP joins forces with the UAE’s Ministry of Climate Change and Environment to shape a national perspective on sustainable development and to ensure the country’s climate neutrality in line with both national and international climate commitments
INDUSTRIAL INNOVATION GROUP, as a climate-responsible company in the UAE, has pledged to intensify its efforts to address climate change, contributing to the national goal of achieving Net Zero by 2050
Dubai, United Arab Emirates, September 27, 2023
The UAE Climate-Responsible Companies Pledge program is an initiative by the Ministry of Climate Change and Environment aimed at expanding the climate activities of the United Arab Emirates in response to the call of the Glasgow Climate Pact – the outcome of the 26th UN Climate Change Conference (COP26) – to achieve higher greenhouse gas emission reduction targets by the year 2030.
Her Excellency Mariam bint Mohammed Saeed Hareb Almeiri, Minister of Climate Change and Environment, in her address at the 12th Session of the NDCA, which was held under the theme “Innovative Financing through National Carbon Registry”, highlighted the importance of the National Carbon Registry, an innovative initiative designed to provide an unprecedented level of transparency, reliability, and efficiency in managing the issuance of carbon credits.
To achieve this goal, the Ministry has established a strategic partnership with the technological partner, INDUSTRIAL INNOVATION GROUP, a company with extensive and unparalleled experience in implementing global-scale innovative projects. This blockchain-based revolutionary system will further demonstrate the United Arab Emirates’ commitment to sustainable values and solidify its position as an unwavering leader in environmental preservation.
Her Excellency Mariam bint Mohammed Saeed Hareb Almheiri expressed her gratitude for IIG’s invaluable contribution to this critical initiative: “And I want to also thank all the private sector and also my partners here, Industrial Innovation Group, who are also working with us on the carbon registry. Thank you so much Taryam, for you and your team’s efforts in this. It’s the first time we’re going through something like this. If we succeed in establishing this carbon registry, it will be the first in the region.”
The 12th NDCA was focused on exploring the implementation of the carbon registry and provided an overview of its role in registering and distributing carbon credits within the country.
Eng. Khalid Abdullah Tebe, Climate Change Specialist at the Ministry of Climate Change and Environment, said: “Developing a robust system demands diverse perspectives, and therefore, a broad stakeholder engagement consultation process was employed… Now, simultaneously, a digital platform is currently under development (and our partner is also here from IIG) on Web 3.0 blockchain technology, meticulously designed with user needs and feedback at its core. Now, the National Carbon Registry, or NCR, is a pivotal advancement in our region, as Her Excellency has mentioned. It provides a structured and transparent framework for registering carbon offset projects and issuance of carbon credits within the United Arab Emirates. It aligns with the Net Zero and is a practical approach to managing and reducing our GHG emissions while also opening up avenues for Green Financing.”
INDUSTRIAL INNOVATION GROUP, a global leader in the development of unique, high-tech, multi-level information technology architectures driven by proprietary intellectual innovations, as well as the conceiving comprehensive carbon removal initiatives and climate change mitigation, is joining hands with the UAE’s Ministry of Climate Change and Environment to shape a national perspective on sustainable development and to achieve the country’s climate neutrality in alignment with both national and international climate commitments.
Mr. Taryam Matar Taryam, Chief Executive Officer of INDUSTRIAL INNOVATION GROUP LLC, signed the UAE Climate-Responsible Companies Pledge during the 12th National Dialogue for Climate Ambition (NDCA), that was held under the theme “Innovative Financing Through National Carbon Registry”. This collaboration is intended to accelerate the decarbonization process and transform the ambitious Net Zero by 2050 Strategic Initiative into a tangible reality. It also underscores INDUSTRIAL INNOVATION GROUP’s dedication to climate responsibility goals.
Along with INDUSTRIAL INNOVATION GROUP, other esteemed companies committed to the UAE Climate Responsible Companies Pledge, bringing the total number of businesses signing the pledge to 117 companies. Those companies are, Etihad Water & Electricity, Dubai Islamic Bank, ideanco, INVESTCORP, MASOOD, MUBADALA, MASDAR CITY, Three Eight Six, dar, CIMENT LION and others.
Mr. Taryam Matar Taryam, Chief Executive Officer of INDUSTRIAL INNOVATION GROUP LLC, stated, “As a representative of the private sector, INDUSTRIAL INNOVATION GROUP recognizes the gravity of the climate change threat and its adverse impacts on the environment, food security, water resources, public health, and demonstrates a commitment to climate responsibility and sustainable development as core values of our business. INDUSTRIAL INNOVATION GROUP intends to make climate mitigation measures a fundamental aspect of its business values. This step emphasizes our determination to take action and implement concrete initiatives to reduce our carbon footprint and protect the environment.”
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The Ministry of Climate Change and Environment of the United Arab Emirates manages all aspects related to both international and domestic affairs, actively intensifying efforts to address the issue of climate change. The Ministry implements a comprehensive policy for mitigating and adapting to the effects of climate change.
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, conceptualizing 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 has 402 intellectual property assets and unique advanced technologies of its own, ensuring the highest level of project implementation.
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Emirates News Agency WAM – ENGLISH https://www.wam.ae/en/details/1395303203082
Emirates News Agency WAM – ARABIC https://www.wam.ae/ar/details/1395303203075
Gulf Today https://gulftoday.ae/business/2023/09/29/uae-minister-wants-to-make-sustainability-mainstream
