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OilPrice.com delved into the growing prominence of carbon as a trillion-dollar asset class by 2037, with key players such as Saudi Arabia, the UAE, Oman, and Egypt leading the charge in developing carbon trading infrastructure.
In the article, ZETA CEO Jan Haizmann highlighted the importance of regional cooperation and the establishment of mandatory carbon markets to achieve significant emissions reductions. Haizmann stressed that while voluntary markets are a valuable first step, they should be considered as a precursor to more robust, mandatory emissions trading schemes (ETS).
The piece further discusses how these nations are laying the groundwork for regulated voluntary markets, creating a solid base for the implementation of mandatory carbon trading systems in the future.
👉 Read more here: OilPrice.com Article
