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BUILDING THE WAY TOWARDS A GREENER FUTURE

The Big 5, the leading international building and construction show, will become the first exhibition show in Dubai to take steps towards becoming Carbon Neutral. The Big 5 is set to take place from 23-26 November 2009 at Dubai World Trade Centre.

Working with EcoVentures, the Middle Easts premier emissions reductions firm, dmg world media, the organisers behind The Big 5, are aiming to ensure that the show reduces its contribution to the global problem of climate change by endeavouring to have any emissions associated with the event reduced to net zero. Read the rest of this entry »

Tags: Carbon Neutral, Dubai, Emissions Reductions

Reuters today revealed through an undisclosed source that the British firm has been successful in raising $280 million to support carbon offset projects on a global scale. Dubai-based contributed around 25% of the fund whereas most of the remaining came from US endowment funds and pension funds.

SCC previously tried to raise around $300 million in the first quarter of 2008 but the efforts werent really successful due to a declining economy. The current deal, however, is a new sign of hope for the global carbon offsets market.

Tags: Carbon Funds, Carbon Offsets, Carbon Trade, China, Dubai, India, Investment, Istithmar, Sindicatum Carbon Capital, UAE