UAE gets behind carbon markets

Payne Institute Program Manager Brad Handler writes about how investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets.  The announcements speak volumes about the UAE’s approach to addressing climate change. That approach invites controversy, particularly as the country prepares to host COP28 later this year, because it includes an ongoing role for fossil fuels while promoting carbon capture, green hydrogen-based products and carbon offsets. Amid that controversy, and with all of pieces of the UAE’s strategy, it can be easy to miss that the country’s investments in carbon offset markets could prove foundational for offsets’ growth.  September 27, 2023.