Search DubaiPRNetwork.com

Dubai and UAE
Home >> Business and Economy

Kuwait's EnerTech Ventures and Rwandan Government Ink Deal at COP28 to Establish Carbon Framework in Rwanda

Kuwait's EnerTech Ventures and Rwandan Government Ink Deal at COP28 to Establish Carbon Framework in Rwanda

Monday, June 3, 2024/ Editor -  

Share

Home >> Business and Economy

Dubai-UAE. 4 December 2023: EnerTech Holding Company, the Kuwait-based innovator, investor and developer of end-to-end sustainability solutions, have signed an agreement with the government of Rawnda on the sidelines of COP28 to establish a fair and effective carbon framework in Rwanda, and accelerate the deployment of renewable energy.

The Memorandum of Understanding (MOU) was signed by Ammar Shihab, CEO of EnerTech Ventures, Her Excellency Dr. Jeanne d'Arc Mujawamariya, Minister of Environment in Rwanda, His Excellency Vincent Biruta, Rwanda’s Minister of Foreign Affairs and International Cooperation; and Teddy Mugabo, CEO of Rwanda's Green Fund. 

Under the agreement, Rwanda will provide Kuwait with two types of carbon credits. The first category comprises nature-based carbon credits, which are proprietary to Rwanda and available for direct sale. The second category includes non-nature-based carbon credits. Although not owned by Rwanda, these credits are backed by the government's commitment to serve as a 'buyer of first resort' in its carbon market.

This deal signifies a major advancement in establishing an efficient carbon pricing structure in Africa, reflecting a collaborative effort towards addressing climate change and promoting renewable energy.


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Welcome 2025 with Exceptional January Offerings at IHG Hotels at Dubai Festival ...

H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum opens 26th edition of Int ...

DCAI opens global registrations for 'One Million Prompters' initiative

Oris Celebrates 60 Years of the Iconic Divers Sixty-Five with a Special Annivers ...

BRCGS recertifies eight Hotpack Global assets with grade AA

Zaatar w Zeit Unveils 12 Irresistible Additions to Its UAE Menu

GPSSA announces pension disbursement dates for 2025

UAE Team Emirates XRG and Analog Join Forces to Drive Innovation in Cycling

Medlab Middle East to highlight the future of laboratory automation in the MENA ...

Breaking down Myths About the HPV Vaccine: A Step Towards Cervical Cancer Preven ...

Statement by His Excellency Eng. Ahmed Mohammed Al Rumaithi – Undersecretary of ...

UAE and Uzbekistan explore ways to enhance economic relations in sectors of new ...

Celebrating Digital Excellence: Winners Announced at the 9th MENA Digital Awards

AUS partners with Queen's University for dual master's degree program in compute ...

Successful racing debut: New BMW M4 GT3 EVO triumphs at the 24H Dubai.

Vacheron constantin launches historiques 222 stainless steel timepiece

Hamdan Foundation Signs MoU with Arabian Gulf University in Bahrain

Adil Supermarket Brings Makar Sankranti Festivities Closer with the Best Quality ...

Fixture for the 15th Silver Cup 2025 Tournament Revealed during Annual Press Con ...

MoIAT showcases Make it in the Emirates initiative and technology transformation ...