An increase in the supply of high-quality carbon credits, improved market infrastructure and supportive policy and regulatory frameworks are needed for credible voluntary carbon markets to take root in the region, a leading expert has said.
According to Gulf International Bank Group chief sustainability officer Venetia Bell, carbon markets are a valuable tool to support the needed transition to net zero in the Middle East, but to fulfil their potential, there needs to be an increase in the supply of high-quality carbon credits, improved market infrastructure and supportive policy and regulatory frameworks .
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