The UAE’s path to net zero: new regimes for emissions reductions and trading
The United Arab Emirates’ decarbonisation strategy now has a legislative footing. The new Climate Change Law marks a pivotal moment in the UAE's ambitious decarbonisation strategy.
It is a key element of the UAE's Net Zero 2050 Strategy, aiming to drastically reduce greenhouse gas emissions. The Climate Change Law introduces a sector-based framework that mandates businesses to measure, report, and reduce their emissions. The UAE is also paving the way for emissions trading with the recent establishment of a National Register for Carbon Credits.
These two developments promise to increase the pace of action towards decarbonisation and the use of green energy in more energy intensive sectors. Businesses engaged in these sectors will need to be able to adapt quickly and translate their own transition planning and net zero commitments into tangible action.
We summarise the new regimes for emissions reductions and trading in the UAE in our latest article.
