Abstract:
Global carbon ratings agency BeZero Carbon has teamed up with Emirates NBD, a leading banking group in the MENAT region, to enhance transparency in the UAE’s voluntary carbon markets. Through this partnership, Emirates NBD becomes the first banking group in the area to utilize a carbon ratings agency for carbon market trading, supporting the UAE’s Net Zero 2050 goals by ensuring high-quality carbon credit investments.
Key Highlights:
- BeZero Carbon and Emirates NBD Partnership: Aims to enhance transparency in the UAE’s voluntary carbon markets.
- Carbon Rating System: BeZero’s eight-point carbon ratings help assess the quality of carbon credit projects.
- First in the Region: Emirates NBD is the first banking group in MENAT to use carbon ratings for voluntary carbon market trading.
- Supporting Net Zero 2050: High-quality carbon credits are key to achieving the UAE’s Net Zero by 2050 goals.
- Science-Based Assessments: The BeZero Carbon Markets platform offers over 440 carbon credit project ratings for informed investments.
- Scaling Carbon Markets: The partnership supports initiatives like Dubai Financial Market’s pilot carbon trading program.