The World Finance Carbon Market awards pay tribute to companies pioneering methodologies and making the investments required to achieve significant reduction in carbon output that is demanded to safeguard the future of the global environment.
Masdar Carbon, one of the five integrated units of Masdar, specialises in developing energy efficiency and clean fossil fuel projects that reduce carbon emissions while creating additional value through carbon monetization under international policy.
“Our most notable recent achievements include registration with the United Nations Framework Convention on Climate Change (UNFCCC) of four out of five clean development mechanism (CDM) projects in the UAE,” said Bader Al Lamki, Associate Director of Masdar Carbon.
“Each of these projects, the first of their kind in the GCC, aims to reduce emissions, enabling us to earn carbon credits that can be monetised,” he continued. “Being the first to successfully receive carbon credits from the UNFCCC for a CDM project implemented in the GCC and realize the sale proceeds was a huge achievement.”
Al Lamki also noted with pride that “the UNFCCC has recently adopted a new methodology for the CDM process developed by the Masdar Carbon team.
“We are grateful to World Finance for the global acknowledgment that highlights our achievements. This award is a welcome recognition that will spur us on,” he said.
The magazine’s judging committee said Masdar deserved recognition because the company had become a driving force in bringing about practical and pioneering solutions to carbon emissions by managing to engage all stakeholders, from international bodies through to individual engineers and scientists.
In doing so, it had created an environment where real progress is being made, they said.
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