Lessons from Gulf Cooperation Council Countries’ Participation in the Clean Development Mechanism

Initiative Climate Change Policies and Governance
Type Discussion paper
Date 6 June 2023

Article 6
Carbon market
Carbon Pricing
Clean technology
Climate mitigation
Economic value of carbon
Measurement Reporting and Verification (MRV)
Natural sinks
Paris Agreement
Saudi Arabia
UNFCCC

Abstract

Carrbon markets have rapidly risen on government and corporate agendas in the Gulf Cooperation Council (GCC) countries as the region gears up to implement the Paris Agreement and pursue ambitious net-zero greenhouse gas (GHG) emission targets. Governments have expressed interest in participating in international carbon markets in their most recent nationally determined contributions (NDCs), various major companies across the region have set ambitious emission reduction targets, and three GCC countries have begun developing voluntary carbon market standards or marketplaces.

Authors

Mari Luomi

Research Fellow Mari is a policy-oriented social scientist who has been studying climate change, energy transitions and sustainable development policy in the… Mari is a policy-oriented social scientist who has been studying climate change, energy transitions and sustainable development policy in the Gulf and globally for 15 years. At KAPSARC, she leads the projects on carbon markets and Paris Agreement Article 6, and the Circular Carbon Economy Index. She has worked for other leading energy, sustainable development and foreign policy research institutions, including the Oxford Institute for Energy Studies, the International Institute for Sustainable Development (Earth Negotiations Bulletin), Georgetown University, the Finnish Institute of International Affairs, and the Emirates Diplomatic Academy. Mari holds a master’s degree in political science and international politics from the University of Helsinki and a Ph.D. in Middle Eastern studies from Durham University. In addition to a broad research publications portfolio, she has substantial experience in executive training, presentations, policy advisory, and reporting services for multilateral environmental negotiations.

Expertise

Climate Change Policy and Governance
Energy Transitions
Sustainable Energy Policy
Circular Carbon Economy
Greenhouse Gas Emissions
Sustainable Development
Sustainable Development Goals
Economic Diversification and Gulf Cooperation Council Countries

Publications See all Mari Luomi’s publications

Enhancing the G20’s Climate Change Policy Agenda with the Circular Carbon Economy Index

Carrbon markets have rapidly risen on government and corporate agendas in the Gulf Cooperation Council…

22nd June 2023

Lessons from Gulf Cooperation Council Countries’ Participation in the Clean Development Mechanism

Carrbon markets have rapidly risen on government and corporate agendas in the Gulf Cooperation Council…

6th June 2023

Thomas Bosse

Zlata Sergeeva

Research Associate Zlata leads “The Future of Hydrocarbons in a Carbon-Managed World” project, aimed at estimating the consequences of international carbon regulation… Zlata leads “The Future of Hydrocarbons in a Carbon-Managed World” project, aimed at estimating the consequences of international carbon regulation for hydrocarbon markets, with producers starting to offer carbon-neutral LNG and carbon-neutral oil cargos. Previously, Zlata worked in the Energy Center of the Skolkovo Business School, where she researched natural gas and LNG markets and organized the international Energy Summer School for several hundred participants from all over the world. Later, she joined the Business Strategy Department in NOVATEK, Russia’s leading independent gas producer, where her main focus was on strategic forecasting and international cooperation in LNG, hydrogen and CCUS. Since 2020, Zlata has also been a member of the Future Energy Leaders Programme of the World Energy Council.

Expertise