Carbon Credits Drive Green Funding In Dubai

Dubai Carbon announced its first carbon credit transaction, with the sale of the resulting Certified Emission Reductions (CERs) from DEWA Chiller Station L Project through adopting the Clean Development Mechanism (CDM) to Farnek Total Facility Management. This initial sale paves the way for expansion of the green economy in Dubai, inviting further investment in Clean Development Mechanism (CDM) Projects in the Emirate. This inaugural sale of locally issued CERs contributes to the growth of green projects, and is a breakthrough in Dubai Carbon’s efforts as a green economy enabler.

The sale which depends on locally produced CERs, enhancesthe development of Green Projects in Dubai, since it is considered as a major achievement in investin in CDM in the Emirate.

The sale will also aid the efforts of Carbon Dubai in reducing the greenhouse gas emission footprint, and augment Dubai’s green economy ambition, as it reflects the growing demand for CERs in a diligent pursuit of sustainable development.