Lessons from Gulf Cooperation Council Countries’ Participation in the Clean Development Mechanism

Mari Luomi, Thomas Bosse and Zlata Sergeeva
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Zlata Sergeeva: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Carrbon markets have rapidly risen on government and corporate agendas in the Gulf Cooperation Council (GCC) countries as the region gears up to implement the Paris Agreement and pursue ambitious net-zero greenhouse gas (GHG) emission targets. Governments have expressed interest in participating in international carbon markets in their most recent nationally determined contributions (NDCs), various major companies across the region have set ambitious emission reduction targets, and three GCC countries have begun developing voluntary carbon market standards or marketplaces.

Keywords: Article 6; Carbon market; Carbon pricing; Clean technology (search for similar items in EconPapers)
Pages: 43
Date: 2023-06-06
New Economics Papers: this item is included in nep-ara, nep-ene, nep-env and nep-mfd
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https://www.kapsarc.org/research/publications/less ... velopment-mechanism/ First version, 2023

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2023-dp04

DOI: 10.30573/KS--2023-DP04

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