Tag Archives: Kyoto Protocol

Carbon Market in the Middle East

By | |
3 Comments

The Middle East and North Africa region is highly susceptible to climate change, on account of its water scarcity, high dependence on climate-sensitive agriculture, concentration of population and economic activity in urban coastal zones, and the presence of conflict-affected areas. Moreover, the region is one of the biggest contributors to greenhouse gas emissions on account of its thriving oil and gas industry. The world’s dependence on Middle East energy resources has caused the region to have some of the largest carbon footprints per capita worldwide. Not surprisingly, the carbon emissions from UAE are approximately 55 tons per capita, which is … Continue reading →

Gas Flaring and Venting in MENA: Need for Urgent Action

By | | , ,
2 Comments

Every year global oil producers waste precious natural gas by flaring and venting equivalent to the combined gas consumption of Central and South America. The top twenty major gas flaring and venting countries in the world include Russia, Nigeria, Iran, Iraq, Angola, Venezuela, Qatar, Algeria, the United States, Kuwait, Indonesia, Kazakhstan, Equatorial Guinea, Libya, Mexico, Azerbaijan, Brazil, Congo, the United Kingdom, and Gabon. Gas flaring and venting have been known to be associated with crude oil processing in oil fields. Newer oil wells are equipped for the recovery of both oil well gas and crude oil and hence the gas … Continue reading →

CDM Enhancing Africa’s Profile Among Investors

By | | , ,
Leave a comment

The Clean Development Mechanism (CDM) is an extremely simple concept. Companies in developed economies can continue with their polluting ways so long as they pay for reductions in greenhouse gas emissions elsewhere in the world. Substitute Egypt, Libya, Sudan, Zimbabwe and a string of other African countries for ‘elsewhere’. CDM may not figure highly on the financial radar screens of many entrepreneurs and business people across the globe. They’re probably much more exercised over the merits or otherwise of business banking services, But maybe they should be looking at CDM, not least because entrepreneurial activity and green make interesting bedfellows these days. … Continue reading →