DFM to launch pilot for carbon credit buying and selling at COP28

Dubai Financial Market (DFM) will conduct a pilot programme for buying and selling carbon credit, scheduled to debut at COP28. 

This transfer positions the monetary market on the forefront of local weather motion as a regulated platform the place undertaking capital elevating, carbon credit score buying and selling and safekeeping are explored in assist of the UAE Government’s internet zero by 2050 objective.

The pilot might be an built-in platform to discover the buying and selling and use of carbon credit, offering a mechanism to assist firms handle unavoidable and residual carbon emissions whereas pursuing direct decarbonization methods. 

Each carbon credit score symbolizes a tangible discount in carbon emissions, with one credit score offsetting one ton of CO2 equal emissions.