UAE Independent Climate Change Accelerators Launch UAE Carbon Alliance, Signaling Exciting Opportunities in Carbon Market

CY Tan
PERL.eco
Published in
3 min readJun 8, 2023

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PERL.eco Benefits from Increased Exposure and New Relationships in the Build-Up to COP28

In a significant move towards tackling climate change and fostering carbon reduction initiatives, the UAE Independent Climate Change Accelerators have announced the launch of the UAE Carbon Alliance. This alliance brings together key players in the carbon market, including AirCarbon Exchange, a strategic partner of PERL.eco. With this development, the UAE is reinforcing its commitment to sustainability and positioning itself as a leader in the global fight against climate change.

The UAE Carbon Alliance aims to drive the region’s transition to a low-carbon economy by leveraging the collective expertise and resources of its members. By facilitating collaboration and knowledge sharing, the alliance aims to accelerate the implementation of effective carbon reduction strategies and support the United Arab Emirates’ ambitious sustainability goals.

This announcement holds immense significance, both in the context of general carbon opportunities in the Middle East and Africa (MEA) region and the build-up to the 28th session of the Conference of the Parties (COP28) taking place later this year.

General Carbon Opportunities in MEA

The MEA region offers vast potential for carbon market growth, with its abundant renewable energy resources, emerging carbon pricing mechanisms, and a growing focus on sustainability. The launch of the UAE Carbon Alliance highlights the commitment of regional stakeholders to collectively address climate change, opening doors to exciting opportunities for businesses, investors, and project developers in the carbon sector. This development serves as a catalyst for regional collaboration and positions the MEA region as a promising destination for sustainable investments and carbon projects.

Road to COP28

As preparations intensify for COP28, the UAE Carbon Alliance’s launch reinforces the country’s dedication to climate action and sustainable development. COP28 presents a crucial platform for global leaders, policymakers, and stakeholders to discuss and implement measures to combat climate change. The alliance’s formation signifies the UAE’s proactive role in driving climate-focused initiatives and positions it as a key player in shaping the global carbon market landscape. By launching the UAE Carbon Alliance ahead of COP28, the UAE is demonstrating its commitment to sustainable practices and positioning itself as a regional leader in climate action.

Our strategic decision to establish our presence in the UAE, led by Kevin Iwanaga has expanded our network of partnerships to include ACX, a founding member of the UAE Carbon Alliance. With Kevin Iwanaga’s leadership, PERL.eco has actively contributed to bringing the alliance together, attracting attention from industry experts, investors, and stakeholders interested in sustainable and carbon reduction initiatives. This exposure positions PERL.eco as a trusted player in the market, opening doors for collaboration, partnerships, and new business opportunities.

Being actively involved in the UAE Carbon Alliance provides PERL.eco with a unique opportunity to participate in COP28, a globally recognized event that brings together decision-makers, influencers, and innovators in the field of climate change. By participating in this prestigious conference, PERL.eco can showcase its solutions, share insights, and engage in meaningful discussions that can shape the future of the carbon market and sustainability landscape.

Support the Launch of PERL.eco Carbon Exchange (PCX)

With the forthcoming launch of PERL.eco Carbon Exchange (PCX), a carbon trading platform, the formation of the UAE Carbon Alliance becomes even more significant. As a member of the alliance, PERL.eco can leverage this network to drive adoption and create awareness about PCX. The alliance’s collaborative efforts, led by Kevin Iwanaga, will help strengthen PERL.eco’s market position and enhance its credibility as a provider of innovative solutions for the carbon market.

The UAE Carbon Alliance’s launch marks a pivotal moment in the global fight against climate change. The alliance’s collective vision, bolstered by the participation of PERL.eco and other key industry players, presents unprecedented opportunities for sustainable growth, carbon reduction, and the realization of ambitious climate targets. As the world eagerly anticipates COP28, the UAE’s commitment to sustainability, as demonstrated by the UAE Carbon Alliance, will undoubtedly shape the discussions and actions that emerge from this influential conference.

Kevin Iwanaga, President of PERL.eco

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