A company established by a Dubai sheikh is finalizing agreements with African nations to manage vast tracts of their forests and sell the carbon credits. Critics are concerned the deals will not benefit Africans and will just help foreign governments perpetuate high emissions.
A prominent sheikh in the oil-rich Gulf state hosting this year’s UN climate negotiations, COP28, is heading a new rush to capture and sell carbon credits by managing tens of millions of acres of forests across Africa. Sheikh Ahmed Dalmook Al Maktoum, a member of the royal family of Dubai, which is part of the United Arab Emirates (UAE), wants to sell those credits to rich governments in the Gulf and elsewhere, so they can offset their carbon emissions to help them meet their carbon pledges under the 2015 Paris Agreement.
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