Doha, May 29 (QNA) – Chairman of the Gulf Organisation for Research & Development (GORD) and Chairman of the Global Carbon Council Dr. Yousef bin Mohammed Al Horr asserted that the launch of carbon capture and storage projects will provide millions of tons of long-term emissions.
He outlined that such projects would double the positive effect of 1500 projects that were rolled out to the council by 45 countries to mitigate climate change effects within greenhouse gas reduction projects.
In his inaugural speech before the CCUS Forum that took place on Monday, under the auspices of HE Minister of Environment and Climate Change Sheikh Dr. Faleh bin Nasser bin Ahmed bin Ali Al-Thani, Al Horr emphasized that the State of Qatar is the first venue for a first international carbon credit program rooted in the Global South. He pointed out that the forum is a turning point in the joint Gulf efforts to overcome exigent challenges facing the region and the world in climate change.
Transitioning to a low-carbon sustainable economy will enable Qatar to diversify the global energy mix, reduce greenhouse gas and subsequently contribute to the global transition to a low-carbon economy in accordance with Paris Agreement, Al Horr said.
The council is proud that the State of Qatar is the venue of the first international carbon credit program rooted in the Global South, he added, noting that the council is extending the invitation to everyone to engage in the public consultation, which is poised to be announced soon as one of the Incentivizing initiatives for carbon capture and storage projects through issuance of carbon credits