The Ministry of Climate Change and Environment (MOCCAE) has signed a Memorandum of Understanding (MoU) with Essa Al Ghurair Investment (EGI), as part of a collaboration on the ministry’s National Carbon Sequestration Project.
Ms. Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, and Mr. Essa Abdullah Al Ghurair, Chairman of the Board of Directors of Essa Al Ghurair Investment, attended the signing.
The MoU aims to help realize the UAE Net Zero by 2050 strategic initiative, and aligns with the efforts of the two sides to contribute to achieving the National Carbon Sequestration Project’s objective of planting 100 million mangroves by 2030.
Mariam bint Mohammed Almheiri Minister Climate Change & Environment
“The ministry is keen to strengthen its cooperation with the public and private sectors in the country as part of its efforts to protect the environment and achieve climate neutrality by 2050. We are happy to cooperate with Essa Al Ghurair Investment, which highlights the private sector’s contribution to the ministry’s work to ensure a sustainable future in the UAE noting that their cooperation is an example of the unified efforts of all national authorities to address climate challenges and protect the environment.”
As per the MoU, the ministry will provide technical consultations related to mangrove cultivation, such as conducting soil and water studies and drafting related capacity-building programs. Meanwhile, the company will support the initiative by planting 500,000 to 1 million mangrove seedlings over the next ten years.
Mr. Al Ghurair said that the MoU’s signing is the start of a “journey of giving” for the UAE’s environment, adding that the company will start planting mangroves in a specific location and then expand across other areas.
The ministry is cooperating with partners in the public and private sectors, as well as non-governmental organizations, to make the National Carbon Sequestration Project a reality.
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
