UAE’s Blue Carbon will help reduce GHG emissions in Liberia: UAE-based carbon offsetting company Blue Carbon signed an agreement with the Liberian government to offset greenhouse gas emissions from the country’s forestry sector, according to Gulf News.

Scope of the agreement: The partnership agreement will see Blue Carbon conduct feasibility studies and secure accreditation for a nature-based carbon offsetting framework, and develop strategies for carbon market regulation and audits for carbon emissions across the country, according to Gulf News.

What they said: “This bilateral association marks another milestone for Blue Carbon to enable government entities to define their sustainable frameworks and help transition to a low-carbon economical system … reaching their Net Zero goals in compliance with the transferability of credits under Article 6 of the Paris Agreement,” Blue Carbon Chairman Sheikh Ahmed Dalmook Al Maktoum said.

The agreement follows similar projects in Tanzania and Zambia: Blue Carbon signed a partnership agreement in February with the Tanzanian government to jointly register and conserve some 8 mn hectares of forest land in the African country — including 56k hectares of mangroves — as part of the first phase of a biodiversity protection program that will see Blue Carbon list the forest resources it conserves in the country as carbon credits, Gulf News reported. That same month Blue Carbon inked a similar agreement with the government of Zambia, targeting the conservation of 8 mn hectares of the country’s forest resources to generate carbon credits.

About Blue Carbon: Launched in 2022 by the Private Office of Sheikh Ahmed Dalmook Al Maktoum, Blue Carbon invests in nature-based solutions that offset carbon emissions such as mangroves and seagrass meadows, according to its website.