Tuesday, June 26, 2007

Dubai eyes Middle East carbon trading market

State-run Dubai Multi Commodities Centre (DMCC) and London-listed carbon-credit company EcoSecurities (ECO.L:) have signed a deal to try and make Dubai the regional centre for trading carbon offsets.

The two are eyeing several projects in the United Arab Emirates that could cut greenhouse gas emissions and generate carbon emissions reduction certificates (CER) under a United Nations scheme.

From Reuters