Breaking News :

“Oman and Zanzibar Strengthen Bilateral Ties: Focus on Economic, Cultural, and Health Cooperation”

COMEX Global Technology Show 2024 Kicks off

HM The Sultan Arrives in Kuwait

Kuwaiti diplomat: Omani Sultan’s Kuwait visit indicative of strong ties

UAE President holds dinner banquet at Qasr Al Watan in honour of Sultan Haitham bin Tariq

UAE President receives Sultan of Oman upon arrival in UAE on state visit

Oman and UAE: Fraternal Bonds, Strategic Relations and Economic Partnership

OIA Announces Social Investment Policy, Launches “Qimam” Platform

POPS Supervisory Committee Holds First Meeting in 2024

Bank Muscat’s Sayyarati Auto Finance Option Comes with the Best Financing Facilities for Customers

“Ooredoo Oman Welcomes Khawla Al-Amiri as Chief People Officer, Reinforcing Commitment to Local Leadership Empowerment”

Bank Muscat Launches EAGLEs Programme: A Pioneering Leadership Engagement Across Branch Network

“Forging Tomorrow: A Global Imperative for Advanced AI Infrastructure”

“High-Paying Careers in Artificial Intelligence: Securing Your Future in the Evolving Job Market”

HM The Sultan Issues Two Royal Decrees

Unlocking New Horizons for Entrepreneurs: The Fourth Industrial Revolution

Royal Army of Oman Celebrates Passing Out of Officer Cadets, University Officers

HM The Sultan Offers Condolences on the Death of Kuwaiti Emir

HM The Sultan Gives Audience to Business People in India

HH Sayyid Theyazin Conveys HM The Sultan’s Greetings to Russian President

First Muscat Dialogue Sessions Begin

Oman and Switzerland Strengthen Bilateral Cooperation with Multiple Memoranda of Understanding

Empowering Coastal Women in Oman: “Mina” Project Unveiled

Information Minister Affirms Keenness to Strengthen Communication with International Media Institutions

“Oman’s Education and Innovation Drive: Sultan Haitham’s Vision”

UAE Space Agency launches National Space Academy to develop national cadres

HM The Sultan Presides over 8th Term Convening of Council of Oman

Selecting Topics Phase Launched of “Together we Make Progress” Forum

HM The Sultan Issues 2 Royal Decrees

Interior Minister visits Operations Chamber of Shura Council Elections

Omanis Cast Ballots for Shura Council’s 10th Term Membership

“Navigating Talent Challenges in Oman’s Telecom Sector”

“Bank Merger in Oman: A Human Resources Transformation Story”

Omantel’s 5G Excellence Recognized with “Samena Communications Award”

NHS scientist awarded £58,000 after being named ‘Paininarse’ on spreadsheet

‘Kill list’ | Mystery doc shows list of LinkedIn staff facing redundancy, days before HR announcement

HM The Sultan Receives Ambassadors’ Credentials

“Empowering Omani Women: A Message of Hope and Progress”

Mohammed bin Rashid opens GITEX GLOBAL

HH Sayyid Bilarab Chairs Meeting of Omani Startups’ Supervisory Committee

“Dhi Yazan bin Haitham Al Said Inaugurates Duqm Economic Forum “

Omani Woman: Clear Vision & Remarkable Achievements

“Strategies for Cultivating a Healthy and Productive Work Environment”

“Essential Reading for HR Professionals: 17 HR Books You Can’t Miss in 2023”

“Future-Proofing Your Career: Essential Skills for Tomorrow’s Job Market”

MAWARED annual book

Transformational Leadership: Inspiring Change and Achieving Excellence

“al sulaam Program (Episode four) with Dr. Aamal al bussaidi .”

“al sullam Program (Episode Two) with Dr. Ahmed Al-Ghusani.”

Nama Group and Omani Society for Human Resource Management (OSHRM) announce strategic partnership in Human Resources development

HH Sayyid Theyazin patronises Military Music Show at ROHM

Bank Muscat Participates in the 8th Alumni Day in Sultan Qaboos University

Oman, Cambodia hold talks on endowments, religious affairs

Saudi Oil Giant Aramco Announces $121 Billion Profit in 2023

Tender Board Signs Agreements with Karwa Motors on Government Procurement, School Bus Purchase

Najahi Business Banking from Bank Muscat: Empowering Small Businesses

His Majesty Exchanges Ramadan Greetings With Arab, Islamic Leaders

A’Rustaq Hospital Diagnoses Child with Gastric Wall Vein Bleeding

QCB Launches ‘FAWRAN’ Instant Payment Service

National Development Fund Partners with World Economic Forum

November 15, 2024

Green Alliance formed to accelerate carbon credit investments, afforestation

In a significant move towards environmental sustainability, Environment Authority (EA) has signed a cooperation agreement with Oman Energy Association (OPAL) to implement an initiative called Green Alliance.

The agreement was signed at a ceremony attended by Abdullah bin Ali al Amri, Chairman of Environment Authority, and Mohammed bin Hamoud al Naabi, CEO of OPAL.

The Green Alliance initiative aims to foster collaboration between private sector companies, particularly those in the energy sector, under the leadership of OPAL and EA. It focuses on investing in afforestation by planting wild trees and capitalising on carbon credit returns.

Green Alliance is aligned with Oman Vision 2040 and supports the country’s long-term goals of achieving zero carbon neutrality by 2050. It underscores the optimal utilisation of natural resources, enhances the economic value of environmental resources and promotes community awareness on environmental sustainability.

One of the key objectives of the initiative is to increase green cover across Oman, which will be carried out through afforestation projects in various governorates. These projects are expected to not only bolster the country’s environmental credentials but also generate economic benefits through carbon credits.

Emphasising the importance of this cooperation, EA stated that it would play a crucial role in protecting and sustaining natural resources while helping the private sector meet its environmental responsibilities.

The partnership is seen as a significant step in Oman’s efforts to enhance environmental protection and sustainability, as it brings together key stakeholders from both the public and private sectors in the shared mission of safeguarding the nation’s ecological wealth.

The authority has been working towards generating carbon credits through new projects. In October last year, EA and MSA Green Projects inked an agreement to launch Oman Blue Carbon, a project for cultivation of 100mn mangrove trees in Al Wusta.

Marking a first for Oman, the project aims to generate carbon credits through mangrove cultivation. It anticipates an investment of US$100mn to transform 20,000 hectares of land in Al Wusta into suitable habitat for over 100mn mangrove trees.

Scheduled for completion in four years, the project seeks to eliminate 14mn tonnes of carbon dioxide and forecasts an estimated financial return of US$150mn through blue carbon credit certificates.

Mangrove and tidal marsh ecosystems are notable for their ability to capture and store significant volumes of coastal blue carbon, contributing to climate change mitigation. Mangroves play an essential role in regional ecosystems, offering vital protection against beach erosion, maintaining ecological balance and nurturing the growth of commercially significant fish and other marine species. Another major project running since January 2020 is planting 10mn wild tree saplings in the next ten years.

Read Previous

National Identity Project set to bring more investments in Oman

Read Next

MoCIIP pushes for smart factories, production efficiency

Most Popular