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DUBAI, UAE, May 30, 2021 /PRNewswire/ No one is too small to make a positive impact on the planet. This is what a new Dubai based start-up, Olive Gaea, is ready to prove as it launches the first carbon offset platform in the MENA region today.
Having the sixth largest per capita carbon footprint in the world, UAE residents and businesses will now be able to become carbon neutral or even carbon positive by removing their own carbon emissions from the atmosphere in just a couple of clicks. Climate change is a real, urgent threat. We all share the responsibility to act in order to preserve our planet and, ultimately, our very future. The good news is that each one of us can now actually help solve this problem, says Olive Gaea s Founder and CEO, Vivek Tripathi.
The $100 Billion Market for Carbon Offsets Is Struggling to Be Born
Jess Shankleman and Akshat Rathi, Bloomberg News The overall concept is simple but itâs not easy to turn a ton of removed carbon into a tradable commodity like a ton of corn or copper. Photographer: Sarah Pabst/Bloomberg , Bloomberg
(Bloomberg) Global warming is the world s biggest market failure, so the solution might just be better trading. On one side of the trade would be the companies clogging the atmosphere with heat-trapping gases; on the other countless projects to eliminate the problem by planting trees or building machines that capture carbon dioxide. Create a market that turns a ton of removed carbon into a commodity just like corn or copper, and money will flow from the emitters to the fixers.