https://www.greenprophet.com/2012/02/first-middle-east-carbon-market-dubai/ Sustainably Driven. Future Ready. Mon, 05 Mar 2012 19:47:37 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://www.greenprophet.com/2012/02/first-middle-east-carbon-market-dubai/#comment-32100 Mon, 05 Mar 2012 19:47:37 +0000 http://www.greenprophet.com/?p=67260#comment-32100 Well, there will be another one cap-and-trade after EU ETS, California and Australia schemes. That’s good.

]]> https://www.greenprophet.com/2012/02/first-middle-east-carbon-market-dubai/#comment-32021 Sun, 04 Mar 2012 11:17:25 +0000 http://www.greenprophet.com/?p=67260#comment-32021 A few points on this post. Dubai is not a country but a (con)federal unit. Also, there’s a very long way from ‘recommendations’ to actually having a carbon market up and running, as you well know, which is why the title is quite misleading in my view. With its small oil reserves dwindling and extremely low economic dependence on fossil fuels, one could hardly argue that Dubai is an OPEC exporter (particularly given that it does not consider itself bound by the organisation’s production quotas). Could you please elaborate on what you mean with the DCSE being ‘very oil-centric’. The 2030 energy strategy will be based on gas, renewables and ‘clean’ coal, right? Finally, are you suggesting that Dubai would have ended subsidies on utilities? In fact, with the Arab Spring and the still on-going economic slowdown, utility prices have been frozen for the coming years.

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