The United Arab Emirates (UAE) has announced plans to develop a national system for carbon credits using blockchain technology in a pioneering move. The carbon credit system is a joint venture agreement between the country’s Ministry of Climate Change and Environment (MoCCAE), Venom Foundation, and the Industrial Innovation Group LLC, Gulf Business reported. Minister for the MoCCAE Mariam bint Mohammed...Read More

As Zimbabwe leads the way in carbon trading regulation, concerns surrounding corruption and greenwashing loom large. On 16 May, Zimbabwe’s carbon credit players were caught off guard when the government introduced mandatory regulations for the sub-sector, stipulating that 50 percent of the proceeds from the sale of carbon credits be allocated to government funds. The announcement outlined...Read More