Empresas y finanzas

DMCC and EcoSecurities in Partnership to Make Dubai Leading Carbon Emissions Reduction Centre in the Region



    EcoSecurities, one of the world's leading companies in the
    business of sourcing, developing and trading carbon credits from
    greenhouse gas emission reduction projects, announced today that it
    has entered into a Memorandum of Understanding with the Dubai Multi
    Commodities Centre (DMCC), to work towards making Dubai the regional
    centre for carbon emissions reductions and trading.

    This agreement will promote Dubai as a leading centre for carbon
    emission reduction initiatives in the Gulf region and elsewhere,
    focusing on identifying and developing clean technologies to generate
    carbon credits through projects that are compliant with the Kyoto
    Protocol's Clean Development Mechanism (CDM).

    The Kyoto Protocol is an international agreement designed to limit
    the emission of greenhouse gases, which sets quotas on the amount of
    greenhouse gases countries can produce. Carbon credits provide a way
    to reduce emissions by giving them a monetary value.

    CDM-compliant projects allow countries that need to satisfy
    UN-approved emissions caps to buy carbon credits from projects
    undertaken in emerging markets that currently do not have such caps.
    The net result is a reduction in harmful emissions worldwide and the
    promotion of sustainable development, as well as the transfer of
    technology and capital to emerging markets.

    DMCC and EcoSecurities, through its office in Dubai, will work
    with both private and public sector project developers to identify
    CDM-compliant projects in the UAE and the Gulf Cooperation Council
    (GCC) region, assisting them in the development of their carbon
    emissions reduction potential. Through the use of clean technologies
    and greater energy efficiency in their business operations, project
    developers will then be able to generate carbon credits and earn
    additional revenues.

    DMCC and EcoSecurities will also advise businesses throughout the
    region, such as airlines and construction companies, on how they can
    successfully adapt their business practices to become carbon neutral,
    and achieve substantial marketing opportunities by offering their
    customers carbon neutral products.

    Commenting on the agreement, DMCC's Executive Chairman Ahmed Bin
    Sulayem said, "In the 21st century, economic development and
    environmental sustainability must go hand in hand. This agreement
    between DMCC and EcoSecurities shows that, in addition to being a
    pacesetter for economic expansion, Dubai is also a global leader in
    spurring the innovation, investment, technology and behavioural change
    necessary for intelligent sustainable development."

    Dr. Tilak Doshi, DMCC's Executive Director for Energy, added, "In
    its mandate to facilitate the growth of the energy business in Dubai,
    DMCC has taken this strategic initiative with EcoSecurities to promote
    emission reduction investments which yield both economic and
    environmental benefits."

    Dr. Pedro Moura Costa, President and COO of EcoSecurities, stated
    "EcoSecurities is delighted to be working in partnership with the
    DMCC. This strategic collaboration has the potential to drive
    significant emission reduction efforts in the region."

    "The size of a company's environmental footprint is coming under
    ever closer scrutiny, from governments, investors and consumers," says
    Souheil Abboud, EcoSecurities' Regional Manager, Middle East. "By
    offering ways to enhance environmental credentials, even through
    measures as simple as using more energy efficient light bulbs, DMCC
    and EcoSecurities can help enhance a company's reputation and meet
    increasing demands for corporate responsibility from consumers and
    investors while deriving economic benefits from the CDM."

    Editor's Notes:

    About the Dubai Multi Commodities Centre - Energy Division:

    The Dubai Multi Commodities Centre, a strategic government
    initiative, rated 'A' by Standard & Poor's, provides innovative
    concepts and industry-specific physical and market infrastructure
    products that facilitate the growth of the energy (alongside other
    commodities) business in Dubai. DMCC's strategic objectives include
    reinforcing Dubai's position as the energy hub for the region, in
    addition to the development and launch of energy contracts for the
    Dubai Gold and Commodities Exchange (DGCX). DMCC is working with
    partners, regionally and internationally, to promote the highest
    global standards in product and service development, while encouraging
    greater transparency to the benefit of all market participants. DMCC
    facilitates businesses in Dubai through its free zone status.

    www.dmcc.ae

    About EcoSecurities:

    EcoSecurities is one of the world's leading companies in the
    business of originating, developing and trading carbon credits.
    EcoSecurities structures and guides greenhouse gas emission reduction
    projects through the Kyoto Protocol, working with both project
    developers and buyers of carbon credits.

    EcoSecurities has experience with projects in the areas of
    renewable energy, agriculture and urban waste management, industrial
    efficiency, and forestry. With a network of offices and
    representatives in over 20 countries on five continents, EcoSecurities
    has amassed one of the industry's largest and most diversified
    portfolios of carbon projects. Today, the company is working on 426
    projects in 36 countries using 18 different technologies, with the
    potential to generate more than 178 million carbon credits.

    EcoSecurities Group plc is listed on the London Stock Exchange AIM
    (LSE:ECO). Additional information is available at
    www.ecosecurities.com.