The UAE Carbon Alliance, led by Sheikha Shamma bint Sultan bin Khalifa Al Nahyan’s UICCA, has inked a deal to buy up to $450 million in African carbon credits by 2030. This move is in collaboration with the Africa Carbon Markets Initiative, launched at COP27, aiming to elevate Africa’s carbon market quality. This partnership is one of many efforts dedicated to strengthening the UAE’s green credentials but also recognizing Africa’s stance in global carbon trading, reflecting a shared vision for a sustainable future.
Source: uae-carbon-alliance-commits-to-purchase-450-mn-in-african-carbon-credits-by-2030-43758
