Masdar, the Abu Dhabi Government's clean energy firm, is on track to
become the first firm in the GCC to be awarded UN-administered carbon
credits for two projects in the emirate.
Masdar registered two clean energy projects with the UN Clean
Development Mechanism (CDM) last year: a solar panel array at Masdar
City and an energy efficiency project at a power station in Taweelah.
The CDM audits and awards carbon credits for each tonne of greenhouse
gases kept out of the atmosphere in developing countries. The credits
can then be sold on the European market, at a current price of €12.33
(Dh58.8) a tonne.
In the last 12 months, Masdar's two projects have kept a total of
94,268 tonnes of emissions out of the atmosphere, according to
monitoring reports uploaded earlier this month on the CDM website. That's worth €1.16 million at current prices, which remain low by historic standards.
A Masdar official reached yesterday emphasised that the two projects
still had to clear additional bureaucratic hurdles and credits were not
likely to be awarded at least for several months.
The other candidate to be the first GCC project to be awarded
credits is the gas flaring reduction project at the Al Shaheen oil
field in Qatar. The project is huge--reducing emissions by almost 2.5
million tonnes per year--but Qatar Petroleum has yet to file a request
for credit issuance.
The reasons for the long delay remain unclear. Saif al Naimi, QP's
director of health, safety and environment regulation and enforcement,
told a May conference in Oman that credits would be awarded "very
shortly".
Large-scale industrial projects in the GCC associated with the power
and oil industries are considered by experts to be a vast potential
market for CDM projects. But the Middle East as a whole has badly
lagged other regions, recording just a small fraction of the carbon
revenues earned by other developing regions, including East Asia and
the Indian subcontinent.
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
RESULT
Manchester United 1 Brighton and Hove Albion 0
Man United: Dunk (66' og)
Man of the Match: Shane Duffy (Brighton)
SERIE A FIXTURES
Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)
Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)
Monday Fiorentina v Genoa (11.45pm)
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FA Cup quarter-final draw
The matches will be played across the weekend of 21 and 22 March
Sheffield United v Arsenal
Newcastle v Manchester City
Norwich v Derby/Manchester United
Leicester City v Chelsea
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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