Dubai plans to offer United Nations carbon credits at 10 euros ($12.85) a metric ton from next year for sale to European countries, Alrroya reported, citing Waleed Salman, chairman of the Dubai Centre for Carbon Excellence.
Dubai is seeking its first tradable emission credits under the UN’s Clean Development Mechanism as it seeks to increase energy efficiency and rely more on solar power to meet future demand.
UN offsets for December delivery were up 0.6 percent at 3.66 euros a ton as of 11:03 a.m. on London’s ICE Futures Europe exchange.
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