From Project Concept to Carbon Credit Issuance

NETZERO focuses on supporting the Middle East’s decarbonization efforts

At NETZERO, we work with a wide range of project owners which includes landowners (i.e. Agriculture, Forestry and Other Land Use – AFOLU), utility companies, NGOs, technology providers (i.e. energy efficiency, water and waste management, climate-smart buildings and mobility), non-profit organisations and renewable energy project developers. Our global team of technical, commercial and environmental consultants provide support to clients across the Middle East in making sure projects generate revenue streams that benefit both the project and the community.

Project Criteria

All projects need to meet a minimum criteria:
Y

Additionality

GHG reductions are additional if they would not have occurred in the absence of a market for offset credits.

7

Quantification

Evidence the emission reductions have been achieved using quantification methodology

Z

Verification

Assurance by an accredited third party verifier

h

Registration

Issuance, tracking, and retirement on a third-party public registry

Additional offset purchasers criteria may include:

Co-Benefits: Environmental or social benefits which impact/improve certain SDGs through the purchase We aim to link our projects to the 17 SDGs set forth by the United Nations, that co-benefit communities in the region.

In 2020 buyers retired an estimated 95 MtCO2e twice as much as 2017. Global demand for voluntary carbon credits could reach up to 2 GtCO2 by 2030 (a 15 fold increase and a market potential of $50 billion). By 2050 that could be up to 13 GtCO2 (an increase factor of 100) – McKinsey Report – A blueprint for scaling voluntary carbon markets to meet the climate challenge
– Jan 2021

Project types can be broadly grouped into avoidance / reduction projects (e.g. renewable energy, improved waste disposal such as methane capture) and removal/sequestration projects (e.g. reforestation, technology-driven carbon capture and storage) – Taskforce On Scaling Voluntary Carbon Markets

- Nov 2020

At Netzero, we support Project Developers in bringing GHG emission reduction, energy efficiency and renewable energy projects to market, through:

i

Preparation of Project Design Documentation (PDD)

In accordance with the selected protocols and standards – details of all eligibility requirements and volume calculations.

Third Party Verifiers

Working with third-party verifiers to audit carbon calculations, eligibility and conformance.
N

Carbon Standards

Standards set the rules and requirements for; GHG accounting, methodologies, project validation and verification, and the use of registry systems to transparently track all units.

Marketing & Communication

We work with project owners to develop revenue generation strategies and communicate their participation on the carbon market with shareholders and investors.

Middle East Projects*

Bold steps are being taken to introduce clean energy across the Middle East despite the fact that wealth and socio-economic development of the region remains closely tied to it’s substantial oil and gas reserves. As rising populations and economic diversification lead to greater energy demand, the region is being forced to diversify its energy mix, meaning a growth in renewable energy, waste-to-energy (WtE) and energy efficiency projects. Just some of these projects that currently exist or are under development in the region are listed below.

Renewable Energy – Solar

  • UAE: Noor Energy and Mohammed Bin Rashid Al Maktoum Solar Park
  • Egypt: Benban and Kom Ombo
  • KSA: Sakaka plus others projects under tender
  • Oman: Miraah thermal as well as Amin and Ibri

Hydrogen

  • UAE: solar-driven hydrogen electrolysis facility – Mohammed bin Rashid Al Maktoum Solar Park. Expo 2020 Dubai (October 2021) to showcase hydrogen mobility in FCEVs
  • KSA: Air Products & Chemicals and ACWA Power to build green hydrogen plant powered by wind and solar. Neom mega-city to produce 650 tons of green hydrogen daily

Carbon Capture and Sequestration (CCS and CCUS)

  • UAE: Al-Reyadah facility – first commercial-scale CCUS facility in the Middle East. In 2020 ADNOC and Eni signed a strategic framework agreement for CCUS programs
  • KSA: Hawiyah Gas Plant (Uthmaniyah Oil Field EOR). Mobile Carbon Capture (MCC) technology for cars and trucks

Waste to Energy (WTE)

  • UAE: Abu Dhabi – Taqa Global, EWEC and Tadweer – agreements to develop 2 of the world’s largest WTE plants. Sharjah WTE Facility, Bee’ah-Masdar joint project. Dubai’s Al Warsan WTE Project
  • KSA: Saudi Investment Recycling Company (SIRC) 3GW WTE facilities by 2030
  • Kuwait: Kuwait Authority for Partnership Projects – Kabd – CNIM WTE plant

Renewable Energy – Wind

  • Oman: Dhofar
  • KSA: Dumat Al Jandal

Waste Diversion

Region’s first fully integrated environmental management company, Bee’ah. Rapid expansion across the UAE, Egypt and now in the Kingdom of Saudi Arabia

Forestry

  • Egypt: Serapium Forest
  • UAE: Abu Dhabi’s first ‘urban forest’. The Reem Forest project.
  • Israel: JNF – forest restoration
  • Oman: Dhofar cloud forest

Energy Efficiency

Public and Private Sector Projects. Focus on:

  • Smart cities
  • Building Efficiency
  • Water Desalination

Transportation Efficiency

  • UAE: Dubai RTA initiatives and Etihad Rail
  • KSA: Riyadh Metro & Bus Transit System. Haramain Rail and Mecca Holy Sites Metro

*NB these are GHG reduction, renewable energy and energy efficiency projects that currently exist or under development/planning in the Region. They are not listed under our Carbon Offset Platform for the purchase of Voluntary Emission Reductions.

Whether you’re planning to sell carbon credits or seeking expertise about the carbon market, we can help you meet your project development goals

Get in touch to find out how we can work with your project

Pin It on Pinterest