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Cutting greenhouse gas emissions with carbon offsets

Cutting greenhouse gas emissions with carbon offsets

Cutting greenhouse gas emissions with carbon offsets
Climate change activists protest in London with a call on governments to act now to reduce greenhouse gas emissions. (AFP)
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Amid the worsening climate crisis, carbon trading markets have emerged as a cutting-edge tool for controlling greenhouse gas emissions.

These include cap-and-trade systems, which allocate companies a limited number of emission allowances under a set maximum, and carbon offset programs, which let industries earn credits by financing environmentally sound projects to offset their emissions.

The goal is straightforward — reduce emissions by putting a price on carbon pollution.

The carbon market has grown substantially in recent years, reaching an estimated $950 billion in 2023 — a 14 percent increase from its valuation in 2022. This steady growth highlights its rising importance.

However, a key question remains: Are these measures enough to support global efforts to combat climate change?

While the potential of carbon markets is promising, their effectiveness depends on sufficient transparency, a robust legal framework and international collaboration.

Carbon markets play a crucial role in advancing climate action by encouraging businesses to reduce emissions while financing cleaner technologies.

For example, cap-and-trade models incentivize industries to develop low-emission alternatives to meet regulatory standards.

The EU’s Emissions Trading System has successfully implemented this approach, cutting emissions in the EU’s power and industrial sectors by 43 percent since 2005.

Carbon offsets take sustainability to a new level by funding projects such as tree planting and clean energy initiatives. In 2022, voluntary carbon markets directed more than $2 billion into global projects that reduced CO2 emissions.

However, criticisms remain. A lack of standardization can result in “greenwashing,” where low-quality offsets enable companies to maintain high emission levels. A robust legal framework and systematic oversight are essential to prevent malpractice and ensure carbon markets deliver measurable, meaningful climate impacts.

Globally, carbon markets are gaining momentum. In the US, California’s cap-and-trade program has reduced emissions while generating $19 billion to fund clean energy projects.

In Asia, China launched the world’s largest national carbon market in 2021, covering more than 2,200 power plants and representing 4.5 billion tons of CO2 annually.

Yet challenges persist. Price volatility creates uncertainty, as seen in the EU ETS, where carbon prices dropped sharply from around €84 per ton in January 2024 to as low as €52 within about two months, according to the Carbon Market Watch.

Carbon offsets take sustainability to a new level by funding projects such as tree planting and clean energy initiatives.

Majed Al-Qatari

Moreover, fragmented standards in voluntary markets hinder global cohesion, underscoring the need for international frameworks to align efforts, as emphasized during the UN Climate Change Conference, COP29, in Azerbaijan last year.

Carbon markets were a central focus at COP29, with new commitments to expand both voluntary and compliance markets. Officials highlighted Article 6 of the Paris Agreement, which seeks to align carbon market rules across nations and promote international climate action.

The focus also shifted to the credibility of carbon credits. For instance, the Integrity Council for the Voluntary Carbon Markets introduced new standards to ensure that carbon credits deliver real climate impacts.

These developments signal a growing global consensus. As a result, it is crucial that carbon markets uphold the highest levels of transparency, accountability, and credibility.

ֱ has emerged as a leader in advocating for the development of carbon markets through the Saudi Green Initiative. The Kingdom has led efforts focusing on carbon trading, as well as Public Investment Fund mechanisms, to build a regional voluntary carbon market and a dedicated platform for trading carbon credits.

Moreover, the Kingdom plans to invest in carbon credit trading to help reduce emissions in hard-to-abate sectors, including oil and gas.

As such, the Gulf country aims to achieve a carbon sequestration and storage target of 44 million tonnes annually by 2030 as part of its net-zero emissions goal for 2060.

This vision supports ֱ’s broader goal of balancing economic growth with environmental protection.

Looking ahead, the question remains: Can carbon markets achieve the goal of combating climate change?

The International Monetary Fund argues that carbon pricing policies must accurately reflect the cost of carbon emissions. It recommends setting a basic carbon price of $75 per ton by 2030 to help ensure global warming does not exceed 1.5 C above pre-industrial levels.

Innovations like blockchain-based carbon credit systems also offer solutions, addressing transparency and fraud issues while improving market efficiency.

Enhanced international cooperation is crucial as well. Bold agreements, such as those proposed at COP29, can help standardize practices and make fair emissions reductions achievable worldwide.

Carbon markets have significant potential to reduce emissions by encouraging the adoption of cleaner technologies and funding sustainable initiatives. However, their success depends on increased transparency, strict regulations, and global coordination.

When carbon markets are aligned with the goals of international climate policies, they can play a crucial role in driving the world toward a sustainable, low-carbon future.

Majed Al-Qatari is a sustainability leader, ecological engineer and UN Youth Ambassador.

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Russia and Ukraine hold fast to their demands ahead of a planned Putin-Trump summit

Russia and Ukraine hold fast to their demands ahead of a planned Putin-Trump summit
Updated 14 sec ago

Russia and Ukraine hold fast to their demands ahead of a planned Putin-Trump summit

Russia and Ukraine hold fast to their demands ahead of a planned Putin-Trump summit
  • The maximalist demands reflect Putin’s determination to reach the goals he set when he launched the full-scale invasion of Ukraine on Feb. 24, 2022
The threats, pressure and ultimatums have come and gone, but Russian President Vladimir Putin has maintained Moscow’s uncompromising demands in the war in Ukraine, raising fears he could use a planned summit with US President Donald Trump in Alaska to coerce Kyiv into accepting an unfavorable deal.
The maximalist demands reflect Putin’s determination to reach the goals he set when he launched the full-scale invasion of Ukraine on Feb. 24, 2022.
Putin sees a possible meeting with Trump as a chance to negotiate a broad deal that would not only cement Russia’s territorial gains but also keep Ukraine from joining NATO and hosting any Western troops, allowing Moscow to gradually pull the country back into its orbit.
The Kremlin leader believes time is on his side as the exhausted and outgunned Ukrainian forces are struggling to stem Russian advances in many sectors of the over 1,000-kilometer (over 600-mile) front line while swarms of Russian missiles and drones batter Ukrainian cities.
Ukrainian President Volodymyr Zelensky also has stood firm in his positions, agreeing to a ceasefire proposed by Trump while reaffirming the country’s refusal to abandon seeking NATO membership and rejecting acknowledgment of Russia’s annexation of any of its regions.
A look at Russian and Ukrainian visions of a peace deal and how a Putin-Trump summit could evolve:
Russia’s position
In a memorandum presented at talks in Istanbul in June, Russia offered Ukraine two options for establishing a 30-day ceasefire. One demanded Ukraine withdraw its forces from Donetsk, Luhansk, Zaporizhzhia and Kherson — the four regions Moscow illegally annexed in September 2022 but never fully captured.
As an alternate condition for a ceasefire, Russia made a “package proposal” for Ukraine to halt mobilization efforts, freeze Western arms deliveries and ban any third-country forces on its soil. Moscow also suggested Ukraine end martial law and hold elections, after which the countries could sign a comprehensive peace treaty.
Once there’s a truce, Moscow wants a deal to include the “international legal recognition” of its annexations of Ukraine’s Crimean Peninsula in 2014 and the four regions in 2022.
Russia says a peace treaty should have Ukraine declare its neutral status between Russia and the West, abandon its bid to join NATO, limit the size of its armed forces and recognize Russian as an official language on par with Ukrainian -– conditions reflecting Putin’s earliest goals.
It also demands Ukraine ban the “glorification and propaganda of Nazism and neo-Nazism” and dissolve nationalist groups. Since the war began, Putin has falsely alleged that neo-Nazi groups were shaping Ukrainian politics under Zelensky, who is Jewish. They were fiercely dismissed by Kyiv and its Western allies.
In Russia’s view, a comprehensive peace treaty should see both countries lift all sanctions and restrictions, abandon any claims to compensation for wartime damage, resume trade and communications, and reestablish diplomatic ties.
Asked Thursday whether Moscow has signaled any willingness to compromise to make a meeting with Trump possible, Putin’s foreign affairs adviser Yuri Ushakov responded that there haven’t been any shifts in the Russian position.
Ukraine’s position
The memorandum that Ukraine presented to Moscow in Istanbul emphasized the need for a full and unconditional 30-day ceasefire to set stage for peace negotiations.
It reaffirmed Ukraine’s consistent rejection of Russian demands for neutral status as an attack on its sovereignty, declaring it is free to choose its alliances and adding that its NATO membership will depend on consensus with the alliance.
It emphasized Kyiv’s rejection of any restrictions on the size and other parameters of its armed forces, as well as curbs on the presence of foreign troops on its soil.
Ukraine’s memorandum also opposed recognizing any Russian territorial gains, while describing the current line of contact as a starting point in negotiations.
The document noted the need for international security guarantees to ensure the implementation of peace agreements and prevent further aggression.
Kyiv’s peace proposal also demanded the return of all deported and illegally displaced children and a total prisoner exchange.
It held the door open to gradual lifting of some of the sanctions against Russia if it abides by the agreement.
Trump’s positions
Trump has often spoken admiringly of Putin and even echoed his talking points on the war. He had a harsh confrontation with Zelensky in the Oval Office on Feb. 28, but later warmed his tone. As Putin resisted a ceasefire and continued his aerial bombardments, Trump showed exasperation with the Kremlin leader, threatening Moscow with new sanctions.
Although Trump expressed disappointment with Putin, his agreement to meet him without Zelensky at the table raised worries in Ukraine and its European allies, who fear it could allow the Russian to get Trump on his side and strong-arm Ukraine into concessions.
Trump said without giving details that “there’ll be some swapping of territories, to the betterment of both” Russia and Ukraine as part of any peace deal that he will discuss with Putin when they meet Friday.
Putin repeatedly warned Ukraine will face tougher conditions for peace if it doesn’t accept Moscow’s demands as Russian troops forge into other regions to build what he described as a “buffer zone.” Some observers suggested Russia could trade those recent gains for the territories of the four annexed by Moscow still under Ukrainian control.
“That is potentially a situation that gives Putin a tremendous amount of leeway as long as he can use that leverage to force the Ukrainians into a deal that they may not like and to sideline the Europeans effectively,” Sam Greene of King’s College London said. “The question is, will Trump sign up to that and will he actually have the leverage to force the Ukrainians and the Europeans to accept it?”
Putin could accept a temporary truce to win Trump’s sympathy as he seeks to achieve broader goals, Greene said.
“He could accept a ceasefire so long as it’s one that leaves him in control, in which there’s no real deterrence against renewed aggression somewhere down the line,” he said. “He understands that his only route to getting there runs via Trump.”
In a possible indication he thinks a ceasefire or peace deal could be close, Putin called the leaders of China, India, South Africa and several ex-Soviet nations in an apparent effort to inform these allies about prospective agreements.
Tatiana Stanovaya of the Carnegie Russia and Eurasia Center argued Putin wouldn’t budge on his goals.
“However these conditions are worded, they amount to the same demand: Ukraine stops resisting, the West halts arms supplies, and Kyiv accepts Russia’s terms, which effectively amount to a de facto capitulation,” she posted on X. “The Russian side can frame this in a dozen different ways, creating the impression that Moscow is open to concessions and serious negotiation. It has been doing so for some time, but the core position remains unchanged: Russia wants Kyiv to surrender.”
She predicted Putin might agree to meet Zelensky but noted the Kremlin leader would only accept such a meeting “if there is a prearranged agenda and predetermined outcomes, which remains difficult to imagine.”
“The likely scenario is that this peace effort will fail once again,” she said. “This would be a negative outcome for Ukraine, but it would not deliver Ukraine to Putin on a plate either, at least not in the way he wants it. The conflict, alternating between open warfare and periods of simmering tension, appears likely to persist for the foreseeable future.”

Over 60,000 expected to attend ‘Emirates Loves Pakistan’ celebrations in Dubai today

Over 60,000 expected to attend ‘Emirates Loves Pakistan’ celebrations in Dubai today
Updated 26 sec ago

Over 60,000 expected to attend ‘Emirates Loves Pakistan’ celebrations in Dubai today

Over 60,000 expected to attend ‘Emirates Loves Pakistan’ celebrations in Dubai today
  • Public event to mark Pakistan’s 78th Independence Day will be held at Dubai Exhibition Center in Expo City
  • Singers Sahir Ali Bagga, Sufi singer Natasha Baig and storyteller Yousuf Bashir Quresh to perform at event

ISLAMABAD: At least 60,000 participants are expected to attend a public celebration event marking Pakistan’s 78th Independence Day in Dubai today, Sunday, the UAE’s official news agency said. 

The event titled ‘Emirates Loves Pakistan’ will be held at the Dubai Exhibition Center in Expo City and will be attended by Sheikh Nahyan bin Mubarak Al Nahyan, the UAE’s minister of tolerance and coexistence, alongside Faisal Niaz Tirmizi, Pakistan’s ambassador to the UAE, WAM reported. 

Diplomats, economic representatives and “notable social figures” from the Pakistani community in the country will also be at the event, which WAM said is being organized by ‘Emirates Loves Pakistan’ — a platform dedicated to sharing content that highlights the success stories and contributions of the Pakistani community in the UAE, in collaboration with the Pakistan Association in Dubai, with support from Dubai Police.

“The occasion will feature activities reflecting the cultural heritage, arts, and folklore of Pakistan, as well as acknowledging the historical relations and diplomatic ties between the two nations,” WAM said in a report on Saturday. 

“The event, expected to draw approximately 60,000 attendees, will include a ceremony to acknowledge distinguished members of the Pakistani community in the UAE, accompanied by cultural performances, artistic exhibitions, musical presentations, and traditional folklore activities,” it added.

The program will also include events to highlight Pakistan’s traditions, the contributions of the Pakistani community to the UAE’s sustainable development, and a recognition of their achievements, it added. 

The event will also include live performances by Pakistani singing powerhouses Sahir Ali Bagga, Sufi rock sensation Natasha Baig, and renowned storyteller Yousuf Bashir Qureshi.

Pakistan marks its Independence Day each year on August 14 to celebrate the day it secured independence from British rule in India. Pakistan embassies across the world hold special events marking the significance of independence while special programs are held across the country to mark the occasion. 

The UAE is Pakistan’s third-largest trading partner after China and the US, and is considered a critical market due to its geographic proximity and logistical advantages.

The Gulf state is also Pakistan’s second-largest source of foreign remittances, after ֱ, with over 1.8 million Pakistani expatriates living and working there.


Pakistan receives over 71,000 Hajj applications in first submission round

Pakistan receives over 71,000 Hajj applications in first submission round
Updated 10 August 2025

Pakistan receives over 71,000 Hajj applications in first submission round

Pakistan receives over 71,000 Hajj applications in first submission round
  • Next application window runs August 11-16, will include unregistered intending pilgrims
  • Overseas Pakistanis can also apply through a close relative at any designated bank branch

ISLAMABAD: Pakistan’s Ministry of Religious Affairs has received more than 71,000 applications in the first phase of Hajj form submissions, state-run Associated Press of Pakistan (APP) reported on Saturday, citing a senior official.

Pakistan has a Hajj quota of 179,210 pilgrims for 2026, with 129,210 seats allocated for the government scheme and the rest for private tour operators.

Under the government scheme, pilgrims can choose between a long package of 38 to 42 days or a short package of 20 to 25 days, with costs estimated between Rs1.15 million and Rs1.25 million ($4,050-$4,236).

“The next phase will run from August 11 to 16, during which applications will be accepted along with the first installment of expenses,” the ministry’s spokesperson, Muhammad Umar Butt, said, according to APP. “In this stage, unregistered intending pilgrims will also be eligible to apply.”

The report said overseas Pakistanis can also apply through a close relative at any designated bank branch and will be required to provide medical fitness certificates upon arrival in Pakistan.

The official also said the ministry would stop accepting applications immediately once the allocated quota is filled.

ֱ approved the same overall quota for Pakistan in 2025, but a significant portion of the private allocation went unused due to delays by tour operators in meeting payment and registration deadlines, while the government fulfilled its share of over 88,000 pilgrims.

Private operators blamed the shortfall on technical issues, including payment processing and communication problems.


Iraqi prime minister removes paramilitary commanders after deadly clash with police

Iraqi prime minister removes paramilitary commanders after deadly clash with police
Updated 10 August 2025

Iraqi prime minister removes paramilitary commanders after deadly clash with police

Iraqi prime minister removes paramilitary commanders after deadly clash with police
  • Clashes happened after Kataib Hezbollah members tried to stop the installation of a new agricultural directorate head in Baghdad’s Karkh district
  • The former director, who was being replaced after he was implicated in corruption cases, called the militia in a bid to cling to his position

BAGHDAD: Iraq’s prime minister approved sweeping disciplinary and legal measures against senior commanders in a paramilitary force after clashes with police at a government facility that left three people dead last month, his office said Saturday.
Gunmen descended on the agricultural directorate in Baghdad’s Karkh district on July 27 and clashed with federal police. The raid came after the former head of the directorate was ousted and a new one appointed.
A government-commissioned investigation found that the former director — who was implicated in corruption cases — had called in members of the Kataib Hezbollah militia to stage the attack, Sabah Al-Numan, a spokesperson for Prime Minister Mohammed Shia Al-Sudani, said in a statement Saturday.
Al-Sudani, who also serves as commander in chief of the armed forces, ordered the formation of a committee to investigate the attack.
Kataib Hezbollah is part of the Popular Mobilization Forces, a coalition of mostly Shiite, Iran-backed militias that formed to fight the Islamic State extremist group as it rampaged across the country more than a decade ago.
The PMF was formally placed under the control of the Iraqi military in 2016, but in practice it still operates with significant autonomy. Some groups within the coalition have periodically launched drone attacks on bases housing US troops in Syria.
The Kataib Hezbollah fighters who staged the attack in Karkh were affiliated with the 45th and 46th Brigades of the PMF, the government statement said.
Al-Sudani approved recommendations to remove the commanders of those two brigades, refer all those involved in the raid to the judiciary, and open an investigation into “negligence in leadership and control duties” in the PMF command, it said.
The report also cited structural failings within the PMF, noting the presence of formations that act outside the chain of command.
The relationship between the Iraqi state and the PMF has been a point of tension with the United States as Iraq attempts to balance its relations with Washington and Tehran.
The Iraqi parliament is discussing legislation that would solidify the relationship between the military and the PMF, drawing objections from Washington, which considers some of the armed groups in the coalition, including Kataib Hezbollah, to be terrorist organizations.
In an interview with The Associated Press last month, Al-Sudani defended the proposed legislation, saying it’s part of an effort to ensure that arms are controlled by the state. “Security agencies must operate under laws and be subject to them and be held accountable,” he said.


CDC shooter believed COVID-19 vaccine made him suicidal, his father tells police

CDC shooter believed COVID-19 vaccine made him suicidal, his father tells police
Updated 10 min 40 sec ago

CDC shooter believed COVID-19 vaccine made him suicidal, his father tells police

CDC shooter believed COVID-19 vaccine made him suicidal, his father tells police
  • The Georgia Bureau of Investigation named Patrick Joseph White as the shooter, but authorities haven’t said whether he was killed by police or killed himself

ATLANTA: A Georgia man who opened fire on the US Centers for Disease Control and Prevention headquarters, shooting dozens of rounds into the sprawling complex and killing a police officer, had blamed the COVID-19 vaccine for making him depressed and suicidal, a law enforcement official told The Associated Press on Saturday.
The 30-year-old shooter also tried to get into the CDC’s headquarters in Atlanta but was stopped by guards before driving to a pharmacy across the street and opening fire late Friday afternoon, the official said. He was armed with five guns, including at least one long gun, the official said, speaking on condition of anonymity because they were not authorized to publicly discuss the investigation.
DeKalb County Police Officer David Rose was mortally wounded while responding.
Health and Human Services Secretary Robert F. Kennedy, Jr., whose skepticism of vaccines has been a cornerstone of his career, voiced support for CDC employees Saturday. But some laid-off CDC employees said Kennedy shares responsibility for the violence and should resign.
CDC shooter identified
The Georgia Bureau of Investigation named Patrick Joseph White as the shooter, but authorities haven’t said whether he was killed by police or killed himself.
The suspect’s father contacted police and identified his son as the possible shooter, the law enforcement official told AP. The father said his son had been upset over the death of the son’s dog, and he had also become fixated on the COVID-19 vaccine, according to the official. The family lives in Kennesaw, Georgia, an Atlanta suburb about 25 miles (40 kilometers) northwest of CDC headquarters.
A voicemail left at a phone number listed publicly for White’s family wasn’t returned Saturday.
Employees at the CDC are shaken
The shooting left gaping bullet holes in windows across the CDC campus, where thousands work on critical disease research. Employees huddled under lockdown for hours while investigators gathered evidence. Staff was encouraged to work from home Monday or take leave.
At least four CDC buildings were hit, Director Susan Monarez said on X.
Sam Atkins, who lives in Stone Mountain, said outside the CVS pharmacy on Saturday that gun violence feels like “a fact of life” now. “This is an everyday thing that happens here in Georgia.”
Kennedy reaches out to staff
“We are deeply saddened by the tragic shooting at CDC’s Atlanta campus that took the life of officer David Rose,” Kennedy said Saturday. “We know how shaken our public health colleagues feel today. No one should face violence while working to protect the health of others.”
Some rejected the expressions of solidarity Kennedy made in a “Dear colleagues” email, and called for his resignation.
“Kennedy is directly responsible for the villainization of CDC’s workforce through his continuous lies about science and vaccine safety, which have fueled a climate of hostility and mistrust,” said Fired But Fighting, a group of laid-off employees opposing changes to the CDC by President Donald Trump’s administration.
Under Kennedy, CDC has laid off nearly 2,000 employees. Trump proposes cutting the agency’s budget in half next year, moving some CDC functions into a new Administration for a Healthy America. Kennedy has a history as a leader in the anti-vaccine movement, but he reached new prominence by spreading distrust of COVID-19 vaccines. For example, he called it “criminal medical malpractice” to give COVID-19 vaccines to children.
Kennedy parlayed that attention into a presidential bid and endorsement of Trump, leading to Trump naming him secretary. Kennedy continues to undercut the scientific consensus for vaccines, ordering $500 million cut from vaccine development funding on Tuesday.
Opponents say officials’ rhetoric contributed
Fired But Fighting also called for the resignation of Russell Vought, noting a video recorded before Trump appointed him Office of Management and Budget director with orders to dismantle much of the federal government.
“We want the bureaucrats to be traumatically affected,” Vought said in the video, obtained by ProPublica and the research group Documented. “When they wake up in the morning, we want them to not want to go to work, because they are increasingly viewed as the villains.”
A request for comment from Vought’s agency wasn’t returned.
This shooting was the “physical embodiment of the narrative that has taken over, attacking science, and attacking our federal workers,” said Sarah Boim, a former CDC communications staffer who was fired this year during a wave of terminations.
A distrust of COVID-19 vaccines
A neighbor of White told The Atlanta Journal-Constitution that White spoke with her multiple times about his distrust of COVID-19 vaccines.
Nancy Hoalst, who lives on the same street as White’s family, said he seemed like a “good guy” while doing yard work and walking dogs for neighbors, but he would bring up vaccines even in unrelated conversations.
“He was very unsettled, and he very deeply believed that vaccines hurt him and were hurting other people.” Hoalst told the Atlanta newspaper. “He emphatically believed that.”
But Hoalst said she never believed White would be violent: “I had no idea he thought he would take it out on the CDC.”
Slain officer leaves wife and 3 kids
Rose, 33, was a former Marine who served in Afghanistan, graduated from the police academy in March and “quickly earned the respect of his colleagues for his dedication, courage and professionalism,” DeKalb County said.
“This evening, there is a wife without a husband. There are three children, one unborn, without a father,” DeKalb County CEO Lorraine Cochran-Johnson said.
Growing security concerns
Senior CDC leadership told some staff Saturday that they would do a full security assessment following the shooting, according to a conference call recording obtained by the AP.
One staffer said people felt like “sitting ducks” Friday. Another asked whether administrators had spoken with Kennedy and if they could speak to “the misinformation, the disinformation” that “caused this issue.”
It is clear CDC leaders fear employees could continue to be targeted. In a Saturday email obtained by the AP, CDC’s security office asked employees to scrape old CDC parking decals off their vehicles. The office said decals haven’t been required for some time.