Carbon Capital Markets, a leading carbon trader and fund manager, is to provide carbon emission offsets for the Business Travel Show Dubai. This is the second consecutive year that the Dubai Travel Show will use Carbon Capital Markets as the offset provider to reduce the show's carbon footprint.
Lionel Fretz, CEO Carbon Capital Markets, said: “We are delighted to be carbon offset provider for the Business Travel Show Dubai once again. The extension of this programme highlights the role that offsetting can play in minimising the environmental impact of commercial activities. At the same time, it also demonstrates our commitment to assisting Dubai's pledge in contributing to international efforts to combat environmental challenges. We hope that this relationship will help facilitate future procurement goals in the United Arab Emirates as well as strengthen Carbon Capital Markets' presence in the Middle East voluntary and investor markets”.
Sally Maltby, Event Director of the Business Travel Show, said: “The Business Travel Show Dubai is delighted to use offsets from Carbon Capital Markets again this year to build a greener future. We hope we will raise awareness of climate change responsibilities in the run up to and during the show. The Business Travel Show Dubai is committed to looking at ways to reduce its carbon footprint by cutting emissions wherever possible and offsetting those emissions that remain unavoidable.”
Emissions to be offset will include those generated by the venue itself, as well as those from courtesy diesel buses used to transport delegates to and from the desert car parking area, the speaker/moderators' personal travel to and from the show as well as those of event staff. Visitors and exhibitors at the show will also be encouraged to offset their own travel.
Carbon Capital Markets will retire Kyoto compliant carbon credits known as Certified Emission Reductions (CERs) to offset The Business Travel Show Dubai's carbon emissions. CERs are quality offsets which meet stringent criteria and can be sold in the compliance and voluntary offsetting markets. The issued CERs are sourced from a United Nations approved CDM renewable energy and forest preservation project in Amazonas, Brazil.
Carbon Capital Markets is headquartered in London and has a core competency in the management of the entire carbon credit cycle under the Kyoto Protocol, from identifying and managing CDM projects through to trading and efficiently monetising carbon credits on the international markets.