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

Author

Listed:
  • Mari Luomi
  • Thomas Bosse
  • Zlata Sergeeva

    (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.

Suggested Citation

  • Mari Luomi & Thomas Bosse & Zlata Sergeeva, 2023. "Lessons from Gulf Cooperation Council Countries’ Participation in the Clean Development Mechanism," Discussion Papers ks--2023-dp04, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2023-dp04
    DOI: 10.30573/KS--2023-DP04
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    Keywords

    Article 6; Carbon market; Carbon pricing; Clean technology;
    All these keywords.

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