Who is the UAE sheikh behind deals to manage vast areas of African forest? - I Newz360

Breaking

News Ticker

test banner

Post Top Ad

Post Top Ad

Responsive Ads Here

Thursday, November 30, 2023

Who is the UAE sheikh behind deals to manage vast areas of African forest?

Through the firm Blue Carbon, Sheikh Ahmed Dalmook al-Maktoum’s carbon offsetting deals, which could one day be worth billions, have led to questions about previous business ventures

The new ‘scramble for Africa’: how a UAE sheikh quietly made carbon deals for forests bigger than UK

Few people have made as big an impact in the carbon markets this year as Sheikh Ahmed Dalmook al-Maktoum. The young member of Dubai’s ruling royal family is behind a series of carbon offsetting deals covering enormous areas of African forest, which could one day be worth billions.

Through the United Arab Emirates-based company Blue Carbon, the sheikh’s deals cover a fifth of Zimbabwe, 10% of Liberia, 10% of Zambia and 8% of Tanzania, collectively amounting to an area the size of the UK – and more are expected.

Continue reading...

from The Guardian https://ift.tt/6ZGDwXo

No comments:

Post a Comment

Post Top Ad

Responsive Ads Here