Isra-Mart srl :Dubai Carbon Centre of Excellence commences operations

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DCCE unveils board of directors to drive economic reduction of carbon emissions in Dubai


Dubai, UAE, 19 April 2011: The Dubai Carbon Centre of Excellence (DCCE) announced today at Dubai Global Energy Forum 2011, that it has now commenced operations and introduced its portfolio of board members. Under the directive of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, the DCCE was launched in 2011 through an agreement between the Dubai Supreme Council of Energy and the United Nations Development Programme (UNDP).

Waleed Salman is Chairman of DCCE, with a highly-qualified and experienced board of directors drawn from Dubai Electricity and Water AuthorityDubai Electricity and Water AuthorityLoading... (DEWADEWALoading...), ENOCENOC
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, DUBALDUBALLoading... and Istidama: Wahdah Al Ghanim, Abdulmunim bin Brek and Ivano Ianelli. DCCE will focus on opportunities created by global carbon-emission reduction projects, while simultaneously working to stimulate a carbon-efficient economy in Dubai by developing carbon incentives for the Emirate's society, businesses and the public sector.

Waleed Salman, Chairman of the DCCE, said, "The most effective means of reducing carbon emissions today is, quite simply, economics. By treating carbon emissions reduction as an economic opportunity, the DCCE aims to act as a catalyst for carbon reduction amongst organisations in Dubai and support government entities in improving their environmental efficiency in the Emirate. As such, we aim to promote the development and competitiveness of Dubai's carbon credit strategies in ways that can result in sustainable environmental and economic gains."

Commenting on this partnership, Dr. Elissar Sarrouh, UNDP Resident Representative and UN Resident Coordinator in the UAE said, "UNDP and the Dubai Supreme Energy Council share the same objectives, assisting Dubai in sustaining its development through integrating climate change strategies and becoming the lowest-carbon economy in the region. The Dubai Carbon Centre of Excellence (DCCE) will make this vision come to life and we are very proud to be part of this partnership."�

"We are confident that, by the end of the project, DCCE will establish itself as a regional centre of excellence, offering its expertise in carbon finance and sustainable energy to stakeholders in the Middle East region, and across the globe," she added.

"We are now actively increasing the capacity of our operations. Along with another initiatives, we are looking to implement Emiratisation as a core means of building awareness of the importance of carbon reduction within our nation's perspective. We are looking to the new generation of UAE Nationals with greater interest and involvement in creating a sustainable environment and society to make a positive contribution to our society," added Salman.

The Centre was formed as a Public-Private Partnership, between DEWADEWALoading..., DUBALDUBALLoading..., ENOCENOC
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and Istidama, to fast-track project development in the last years of the Kyoto protocol. DCCE is the first centre of its kind in the region and aims to leverage the Emirate's carbon potential through the Clean Development Mechanism and other carbon-emission best practices. The DCCE represents a key component of the Supreme Council's efforts to develop a sustainable-energy economy for Dubai.

The DCCE plans to offset five million tonnes of carbon annually, by selling carbon credits on the international market. DEWADEWALoading..., DUBALDUBALLoading..., and ENOCENOC
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are considering carbon-emission reduction quotas as part of a joint voluntary initiative. This has the potential to generate carbon credits, which can be sold to international markets. Carbon credits can be generated on any project, not just industrial projects. The DCCE will provide support and assistance to any entity that wants to learn more about carbon reduction and monetise their carbon-reduction programs.

According to the DCCE, the UAE currently hosts four registered Clean Development Mechanism (CDM) projects and five are undergoing validation. Of the nine advanced CDM projects hosted in UAE, a biogas steam generation project at a papermill is situated in Dubai. The DCCE aims to have 5 million CERs by 2015 and twice as much by 2020, with an annual incremental value of one million tons from current projects.

With the Kyoto Protocol reaching its conclusion in 2012, the DCCE takes the view that there are well known short-positions ripe for development within the Middle East. An example of this is the European Union's Emission Trading Scheme (ETS), which will affect the aviation industry globally from 1 January 2012 onwards. In the European aviation sector alone, Aviation Allowances are expected to face a gap between the 18 M-tCO2 emissions to all inbound and outbound flights to the EU and the available 15 M-tCO2 available for auction.