UN Global Compact Network Lebanon’s Post

Check out the key insights from our latest webinar on carbon credits and economic growth strategies for Pakistan and Saudi Arabia. Discover how SAJJEED ASLAM, Ahsan Azim, and Hina Nasir unpacked the role of FDI, nature-based solutions, and new regulatory frameworks in driving the net-zero transition. This discussion sheds light on how these nations can position themselves as leaders in the global carbon market. Watch the full webinar on YouTube to explore all the details: https://lnkd.in/dPjJpdKn #Sustainability #CarbonCredits #NetZero #GreenEconomy #FDI #ClimateAction #Spectreco

We’re thrilled to announce that the Carbon Footprint Center is participating in the first African Carbon Carbon Credit Market as a project development consultant to all participating companies in this initiative. The market launch happened last week under the auspices of the Egyptian Exchange - EGX and the Egyptian Financial Regulatory Authority FRA. CFC is an accredited organization in Egypt according to ISO 14064-1:2018 and ISO 14064-2:2019 at the organizational and project level. These certifications validate our expertise in the quantification, monitoring, and reporting of greenhouse gas emission reduction or removal enhancement standards, which ensures that the data and offsets we provide are accurate, reliable, and globally recognized. Thoraya Seada, the Director of the Carbon Footprint Center, sends her warmest congratulations to all participating stakeholders as well as the CFC team, who has been working tirelessly to bring awareness & climate action to Egypt through the CFC services. This represents a significant achievement to all participating stakeholders and a step that shows the commitment of the Egyptian government on a national level, and in Africa on a continent level, towards a sustainable planet and to achieve Egypt goals 2030, as well as bringing all conversations held in COP27 into impactful on-ground actions. #HU_CFC #CarbonFootprintCenter #HeliopolisUniversity #AfricaCarbonMarkets #VoluntaryCarbonMarket #EgyptCarbonMarket #EgyptianExchange #EGX #CarbonCredits #CarbonMarket

RIYADH: Saudi Arabia has emerged as a key player when it comes to environmental responsibility, setting ambitious targets to mitigate greenhouse gas emissions via carbon credit offsets. At the forefront of Saudi Arabia’s environmental initiatives is the dynamic approach to carbon neutrality. The Kingdom is determined to not only reduce its carbon footprint but also actively contribute to offsetting emissions through a comprehensive carbon credit program.

Pakistan has a strategic advantage to tap into the global carbon market, estimated at nearly a trillion dollars. China, Saudi Arabia and the UAE have substantial carbon footprints. Pakistan’s strategic positioning means it has access to huge carbon credit markets as well. #carbonmarkets #carboncredits #greenfuture https://lnkd.in/dAMz_BYu

Saudi Arabia's commitment to carbon capture policy is gaining momentum. The Kingdom recently joined the Global CCS Institute, a leading international organization focused on accelerating the deployment of CCUS technologies worldwide. This collaboration will enable Saudi Arabia to leverage global expertise and exchange best practices in carbon capture implementation. As one of the world's largest oil producers, the Kingdom recognizes the importance of transitioning towards a low-carbon economy and reducing carbon intensity across various sectors. #Sustainability #CarbonCapture #RenewableEnergy #SaudiArabia #ClimateAction 🇸🇦

Article 4 of the Paris Agreement underscores the importance of setting and updating national targets for reducing greenhouse gas emissions, crucial for limiting global warming. Green Sukuk, aligned with Saudi Arabia's climate goals and Paris Agreement commitments, offer a Sharia-compliant avenue for financing renewable energy and sustainable infrastructure projects. Saudi Arabia's introduction of Green Sukuk reflects its commitment to combating climate change, utilizing innovative financing mechanisms in line with Article 4's emphasis on transparency and emissions reduction. I am thrilled to announce that after months of dedicated work, I'm excited to share that my research that delves into the legal aspects of green finance is nearing completion and will soon be available for sharing. Public Investment Fund (PIF) Ministry of Economy and Planning - MEPsaudi Ministry of Justice - KSA #greenfinance #sustainability #climateaction #renewableenergy #sustainableinvesting #greeneconomy #environmentallaw #climatepolicy #financelaw #sustainabledevelopment #esginvesting #parisagreement #saudiarabia #sukuk

"Is Saudi Arabia's Economic Growth Tied to Environmental Sustainability? 🌍💼" As nations aggressively pursue economic development, the correlation between environmental sustainability and economic stability is brought into sharper focus. We're finding some thoughtful answers right here in Saudi Arabia and witnessing transformative projects aiming not only to diversify the economy but to cement a legacy of environmental stewardship. The contrast between vast deserts and cutting-edge green technologies is a visual testament to change. • 🌿 Green Energy: Advances in solar and wind power are reducing our oil dependence. • 🌊 Water Conservation: Innovations in desalination and wastewater recycling are protecting our most precious resource. • 📉 Carbon Footprint: Ambitious projects to lower emissions are setting benchmarks for others. Each attempt is a step toward balancing our need for growth with the imperative of planetary health. It's a delicate dance of progress and preservation because “Economy thrives when Earth survives” What are your thoughts on balancing economic growth with environmental sustainability? #SustainableDevelopment#RenewableEnergy #SaudiEconomy #EnvironmentalImpact

Saudi Arabia's Leap Towards Sustainability with the Green Financing Framework The Saudi Ministry of Finance has proudly announced the Kingdom of Saudi Arabia Green Financing Framework. A cornerstone in achieving #NetZero emissions, this initiative aligns with the Circular Carbon Economy model and underlines the Kingdom's dedication to environmental stewardship. Aiming to attract investments, the framework is a strategic step in realizing the #SaudiVision2030 goals of sustainable development and climate action. For more information, read the full article on Saudi Business News. Link in bio. #GreenFinancing #Sustainability #CircularCarbonEconomy #ClimateAction #SaudiArabia #Investment #ParisAgreement #GreenBonds #SaudiBusiness #SaudiNews #Vision2030

Some #GCC National Oil Companies’ (NOCs) accelerated their sustainability targets after the 28th Conference of the Parties (COP28). To assess the potential credit implications of their incremental low-carbon investments, we updated our hypothetical stress scenario. Under this scenario, we assume GCC NOCs' capital expenditure (capex) could increase by $15 billion-$25 billion annually because of investments in sustainability-related projects over 2023-2030. We expect most GCC NOCs' debt to EBITDA will continue to average less than 2.0x at least through 2026. Read more: Net-Zero Targets Leave GCC Oil Companies Unperturbed For Now | S&P Global Ratings (spglobal.com)