UAE Carbon Alliance
The UAE Carbon Alliance is a coalition of businesses dedicated to the advancement of a carbon market ecosystem in the UAE.
Carbon markets are trading systems for greenhouse gas emissions. Carbon markets offer a solution for companies’ decarbonisation and net-zero transition efforts while promoting investment towards carbon offset projects.
For more information, please contact carbonalliance@uicca.ae
Work Streams
Raising Awareness
Build knowledge and awareness across industry sectors about the role high-integrity carbon markets play in limiting global warming to 1.5°C in the UAE and the broader region and how they contribute to the UAE Net Zero 2050 Strategy.
Aggregating demand
Engage in broad company outreach in different waves to the largest corporates, largest emitters, and companies with climate targets in the UAE and potentially GCC.
The Carbon Alliance aims to establish standards for carbon financing, improve awareness of carbon markets, and drive more investment in decarbonisation efforts.
In addition to UICCA, founding members include ACX, First Abu Dhabi Bank, Mubadala Investment Company, Abu Dhabi National Energy Company (TAQA), and Abu Dhabi Future Energy Company (Masdar).
Additional members include three major financial institutions: ADCB, Standard Chartered, and Emirates NBD.
highlights
The UAE Carbon Alliance includes major financial institutions and energy companies in the region.
5
Founding members across sectors
55
participating members and growing
Key
Achievements
The UAE Carbon Alliance was established in June 2023
A coalition of stakeholders committed to enabling high integrity carbon markets in the UAE and globally through awareness raising, demand aggregation, and sourcing supply of high integrity carbon