Dubai, UAE, 8 February 2023: Blue Carbon, a Dubai based company incepted under the vision of Sheikh Ahmed Dalmook Al Maktoum to support carbon removal projects across the world, and the Government of Zambia, represented by the Ministry of Green Economy and Environment have signed a strategic Memorandum of Understanding (MoU) to implement carbon removal projects in forest sector under Article 6 of the 2015 Paris Agreement.
The agreement was signed in Lusaka, Zambia in the presence of His Excellency Hakainde Hichilemathe, President of the Republic of Zambia and the Chairman of Blue Carbon, Sheikh Ahmed Dalmook Al Maktoum, a member of the Dubai Royal Family.
The partnership serves as an important milestone to implement decarbonization strategies and also represents a shared vision between both the parties to address climate change.
As part of the agreement, Blue Carbon will identify and implement strategies for Zambia’s forest landscapes to generate carbon credits. The company will also create sustainable forest management practices as reforestation, forest restoration, forest conservation, and more for over 8 million hectares of forest land in Zambia. The key goal of this partnership is to reduce greenhouse gas emissions and lead the transition to net zero goals seamlessly.
Sheikh Ahmed Dalmook Al Maktoum, the Founder and the Chairman of Blue Carbon said: “We are pleased to embark on this journey with the Zambian government to promote sustainable forest management practices in the country. Blue Carbon has been committed to developing strategies that help reduce carbon emissions and get countries closer to their net zero goals seamlessly. We are confident that our robust decarbonization model will enable the Zambian government to preserve its forest resources and reduce greenhouse gas emissions efficiently.”
Zambia is a unique treasure trove of natural resources, rich with vast forests that act as natural ‘carbon sinks’. These forests are vital to preserving the planet’s climate balance, and with Blue Carbon serving as a strategic partner, the government is well on its way to protect and restore these precious ecosystems.
With its expertise in climate change economics, Blue Carbon is at the forefront of sustainable climate change investment around the world. It takes pride in its initiatives to restore and protect challenging environmental assets and support surrounding communities.