Gulf Carbon Trading: How to Develop It and Why It Makes Sense

The Middle East Institute is proud to host Justin Dargin, research fellow at the Dubai Initiative, for a discussion of greenhouse gas (GHG) emissions in the Gulf and the pursuit of an effective carbon trading plan. Dargin will also examine the effect which this hot-button issue has upon the region's geopolitical relations, energy efficiency, natural gas utilization, renewable energy, and conservation of natural resources. Based on the European Union's experiences in carbon trading and the unique energy politics of the GCC, Dargin will give recommendations as to which GHG abatement mechanism could be most suitable for the region, based on cost and environmental benefits. Finally, the possible drawbacks of each plan will be examined, including the potential dangers of carbon "leaking" and over-allocation.