Cutting greenhouse gas emissions with carbon offsets

Cutting greenhouse gas emissions with carbon offsets

Cutting greenhouse gas emissions with carbon offsets
Climate change activists protest in London with a call on governments to act now to reduce greenhouse gas emissions. (AFP)
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Amid the worsening climate crisis, carbon trading markets have emerged as a cutting-edge tool for controlling greenhouse gas emissions.

These include cap-and-trade systems, which allocate companies a limited number of emission allowances under a set maximum, and carbon offset programs, which let industries earn credits by financing environmentally sound projects to offset their emissions.

The goal is straightforward — reduce emissions by putting a price on carbon pollution.

The carbon market has grown substantially in recent years, reaching an estimated $950 billion in 2023 — a 14 percent increase from its valuation in 2022. This steady growth highlights its rising importance.

However, a key question remains: Are these measures enough to support global efforts to combat climate change?

While the potential of carbon markets is promising, their effectiveness depends on sufficient transparency, a robust legal framework and international collaboration.

Carbon markets play a crucial role in advancing climate action by encouraging businesses to reduce emissions while financing cleaner technologies.

For example, cap-and-trade models incentivize industries to develop low-emission alternatives to meet regulatory standards.

The EU’s Emissions Trading System has successfully implemented this approach, cutting emissions in the EU’s power and industrial sectors by 43 percent since 2005.

Carbon offsets take sustainability to a new level by funding projects such as tree planting and clean energy initiatives. In 2022, voluntary carbon markets directed more than $2 billion into global projects that reduced CO2 emissions.

However, criticisms remain. A lack of standardization can result in “greenwashing,” where low-quality offsets enable companies to maintain high emission levels. A robust legal framework and systematic oversight are essential to prevent malpractice and ensure carbon markets deliver measurable, meaningful climate impacts.

Globally, carbon markets are gaining momentum. In the US, California’s cap-and-trade program has reduced emissions while generating $19 billion to fund clean energy projects.

In Asia, China launched the world’s largest national carbon market in 2021, covering more than 2,200 power plants and representing 4.5 billion tons of CO2 annually.

Yet challenges persist. Price volatility creates uncertainty, as seen in the EU ETS, where carbon prices dropped sharply from around €84 per ton in January 2024 to as low as €52 within about two months, according to the Carbon Market Watch.

Carbon offsets take sustainability to a new level by funding projects such as tree planting and clean energy initiatives.

Majed Al-Qatari

Moreover, fragmented standards in voluntary markets hinder global cohesion, underscoring the need for international frameworks to align efforts, as emphasized during the UN Climate Change Conference, COP29, in Azerbaijan last year.

Carbon markets were a central focus at COP29, with new commitments to expand both voluntary and compliance markets. Officials highlighted Article 6 of the Paris Agreement, which seeks to align carbon market rules across nations and promote international climate action.

The focus also shifted to the credibility of carbon credits. For instance, the Integrity Council for the Voluntary Carbon Markets introduced new standards to ensure that carbon credits deliver real climate impacts.

These developments signal a growing global consensus. As a result, it is crucial that carbon markets uphold the highest levels of transparency, accountability, and credibility.

has emerged as a leader in advocating for the development of carbon markets through the Saudi Green Initiative. The Kingdom has led efforts focusing on carbon trading, as well as Public Investment Fund mechanisms, to build a regional voluntary carbon market and a dedicated platform for trading carbon credits.

Moreover, the Kingdom plans to invest in carbon credit trading to help reduce emissions in hard-to-abate sectors, including oil and gas.

As such, the Gulf country aims to achieve a carbon sequestration and storage target of 44 million tonnes annually by 2030 as part of its net-zero emissions goal for 2060.

This vision supports ’s broader goal of balancing economic growth with environmental protection.

Looking ahead, the question remains: Can carbon markets achieve the goal of combating climate change?

The International Monetary Fund argues that carbon pricing policies must accurately reflect the cost of carbon emissions. It recommends setting a basic carbon price of $75 per ton by 2030 to help ensure global warming does not exceed 1.5 C above pre-industrial levels.

Innovations like blockchain-based carbon credit systems also offer solutions, addressing transparency and fraud issues while improving market efficiency.

Enhanced international cooperation is crucial as well. Bold agreements, such as those proposed at COP29, can help standardize practices and make fair emissions reductions achievable worldwide.

Carbon markets have significant potential to reduce emissions by encouraging the adoption of cleaner technologies and funding sustainable initiatives. However, their success depends on increased transparency, strict regulations, and global coordination.

When carbon markets are aligned with the goals of international climate policies, they can play a crucial role in driving the world toward a sustainable, low-carbon future.

Majed Al-Qatari is a sustainability leader, ecological engineer and UN Youth Ambassador.

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Pakistan’s Punjab says ongoing heat wave likely to continue till Thursday

Pakistan’s Punjab says ongoing heat wave likely to continue till Thursday
Updated 10 min 29 sec ago

Pakistan’s Punjab says ongoing heat wave likely to continue till Thursday

Pakistan’s Punjab says ongoing heat wave likely to continue till Thursday
  • Pakistan ranks among top 10 countries most vulnerable to climate change, faces irregular weather patterns
  • Heat wave may be severe in Bahawalpur, Rahim Yar Khan, Dera Ghazi Khan and Multan, says state broadcaster

ISLAMABAD: The Provincial Disaster Management Authority (PDMA) in Pakistan’s Punjab said this week that the ongoing heat wave in the country’s most populous province is likely to continue till Thursday. 

Pakistan’s Meteorological Department last week forecast that the ongoing heat wave in the country will continue throughout the Eid Al-Adha holidays . It said day temperatures are likely to remain 5°C to 7°C above normal in the upper half (central & upper Punjab, Islamabad, Khyber-Pakhtunkhwa, Kashmir, Gilgit-Baltistan).

Pakistan ranks among the top ten countries most vulnerable to climate change and has faced increasingly frequent extreme weather events in recent years, including deadly heatwaves and devastating floods.

“Provincial Disaster Management Authority Punjab has cautioned that current heat wave will likely to continue in the province till Thursday,” state broadcaster Radio Pakistan said in a report on Monday. “He said that the heat wave may be severe in Bahawalpur, Rahim Yar Khan, Dera Ghazi Khan and Multan of South Punjab.”

Director General of PDMA Punjab Irfan Ali Kathia said that under the chief minister’s directions, the supply of water is being ensured in the Cholistan desert region located in southern Punjab. He warned that special care of the children, elderly and the sick should be taken during this time period.

Pakistan experienced its most recent heatwave in May but no loss of life was reported.
In June 2024, nearly 700 people died in less than a week during a severe heatwave in the country, with most fatalities reported in the port city of Karachi and other parts of the southern Sindh province.

A similar heatwave in 2015 claimed over 2,000 lives in Pakistan’s largest city Karachi alone, while catastrophic floods in 2022 left more than 1,700 people dead and displaced over 33 million across the country.


From Pakistan to the Middle East: Art director Hashim Ali champions regional creative expansion

From Pakistan to the Middle East: Art director Hashim Ali champions regional creative expansion
Updated 23 min 50 sec ago

From Pakistan to the Middle East: Art director Hashim Ali champions regional creative expansion

From Pakistan to the Middle East: Art director Hashim Ali champions regional creative expansion
  • Cultural overlaps, thirst for diverse aesthetics reshaping industries in Gulf are offering vast opportunities for Pakistanis, Ali says
  • Artist says felt “empowered” while directing Pakistani fashion and Sufi music show at Qatar’s Museum of Islamic Art in January

LAHORE: When one of Pakistan’s most renowned art directors Hashim Ali landed in the Qatari capital of Doha earlier this year, he wasn’t quite prepared for how much the city and its creative scene had transformed since he last visited around seven years ago.

Ali, who directed a Pakistani fashion and Sufi music show at Qatar’s Museum of Islamic Art in January, was mesmerized by the cultural transformation in the Gulf nation, balancing its traditional heritage with modernization and global influences. 

In recent years, Qatar has established numerous museums, art galleries, and heritage centers, including the Museum of Islamic Art, Mathaf: Arab Museum of Modern Art, and the National Museum of Qatar. The country has also emerged as a major player in the global art world, with significant investments in the arts and culture sector. 

Looking at the transformation, Ali said the time was ripe for Pakistani designers and artists to expand their reach to the Gulf, where cultural overlaps and a hunger for diverse aesthetics are reshaping creative industries.

“Everybody who asks me that we want to expand our business, I say expand to the Middle East because the way that region is growing, it’s not just the buildings, it’s the mindset and the heart,” Ali, who provides production design, art direction and styling services to various industries in Pakistan, told Arab News.

The 34-year-old art director, who graduated in Visual Communication Design from Lahore’s National College of Arts (NCA), said his experience in Doha was quite “empowering” as he was able to present his hometown of Lahore to the world.

“You had this showcase of Pakistan, and the entire space was turned into a Chahar Bagh [Persian quadrilateral garden] for the night with oil lamps and flowers, all the napkins were hand-done from Lahore, we got block printers involved who did the Mughal motifs on them,” Ali said. 

“The entire experience was so almost empowering that you are bringing parts of Lahore to the world and you’re showing the world that we just not only do Sufi music, we do great fashion of different kinds.”

Ali, known for creating intricate and stunning sets, said Middle Eastern creatives responded to Pakistani culture because of the cultural and religious similarities between the two regions.

“So, the collaboration, it’s set in stone that it’s going to happen,” he added. 


Sana Mir becomes first Pakistani woman to be inducted in ICC Hall of Fame

Sana Mir becomes first Pakistani woman to be inducted in ICC Hall of Fame
Updated 47 min 27 sec ago

Sana Mir becomes first Pakistani woman to be inducted in ICC Hall of Fame

Sana Mir becomes first Pakistani woman to be inducted in ICC Hall of Fame
  • Mir inducted alongside former greats Graeme Smith, Hashim Amla, Matthew Hayden, Daniel Vettori and Sarah Taylor
  • Mir played over 200 white-ball matches for Pakistan, picking up 150 wickets in 121 ODIs and 89 wickets in 106 T20Is

KARACHI: Former Pakistan cricketer Sana Mir made history this week when she became the first woman from her country to be inducted into the International Cricket Council (ICC) Hall of Fame alongside other cricket greats. 

ICC announced the names of the inductees which included Mir, former South African batters Graeme Smith and Hashim Amla, Matthew Hayden of Australia, Daniel Vettori of New Zealand and England’s Sarah Taylor on Monday. 

The ICC Hall of Fame pays tribute to the extraordinary achievements of cricket legends who have shaped the sport’s rich history with players inducted only five years after they have played their last international match. 

“A veteran in over 100 matches in both formats of white-ball cricket, Sana Mir becomes the first Pakistan woman cricketer to be inducted into the ICC Hall of Fame,” the ICC said in a post on its website on Monday. 

Mir has several accolades under her belt. The cricketer remains the highest wicket-taker in ODIs and the second-highest in T20Is among Pakistani women. Mir was also the first Pakistani woman cricketer to pick up 100 ODI wickets.

The former off-spinner has remained a prolific cricket voice off the field as well, amplifying a strong stance on body shaming, prioritizing mental health and helping people affected by the coronavirus pandemic. 

Mir played international cricket for 15 years, captaining Pakistan for eight of those. She picked up 150 wickets in 121 ODIs and 89 wickets in 106 T20Is, scoring 1630 and 820 runs respectively. Her best year was 2014 in which she collected 21 wickets in 11 ODIs while leading the team to an Asian Games gold medal, a feat she had achieved in 2010 as well, one year after being appointed as captain.

In 2018, Mir became the first Pakistani woman to reach the top of the ICC ODI Player Rankings. She was also the first Asian woman cricketer to play 100 T20Is, along with being the first Pakistan woman cricketer to play 100 ODIs.

She was also the first Pakistani woman cricketer to win the Pakistan Cricket Board (PCB) Cricketer of the Year award and now is the first Pakistani woman to be inducted into the ICC Hall of Fame.

The ICC credited Mir for speaking up for women’s rights and pushing women’s cricket in Pakistan. In 2019, she was included in the ICC Women’s committee as one of the three player representatives and was named the ambassador of the ICC Women’s T20 World Cup Qualifier in 2024.

“Mir knew she was doing the right thing and continued to live by her words, inspiring thousands of girls in not just her country but across the globe,” the ICC said. 


Trump must tell Netanyahu ‘enough is enough’: ex-Israeli PM

Trump must tell Netanyahu ‘enough is enough’: ex-Israeli PM
Updated 55 min 12 sec ago

Trump must tell Netanyahu ‘enough is enough’: ex-Israeli PM

Trump must tell Netanyahu ‘enough is enough’: ex-Israeli PM
  • US President Donald Trump should tell Israel’s leader Benjamin Netanyahu “enough is enough,” a former Israeli prime minister told AFP,

PARIS: US President Donald Trump should tell Israel’s leader Benjamin Netanyahu “enough is enough,” a former Israeli prime minister told AFP, denouncing the continuation of the war in Gaza as a “crime” and insisting a two-state solution is the only way to end the conflict.
Ehud Olmert, prime minister between 2006-2009, said in an interview in Paris that the United States has more influence on the Israeli government “than all the other powers put together” and that Trump can “make a difference.”
He said Netanyahu “failed completely” as a leader by not preventing the October 7, 2023 attack by Palestinian militant group Hamas that sparked the war.
He said while the international community accepted Israel’s right to self-defense after October 7, this changed when Netanyahu spurned chances to end the war in March and instead ramped up operations.
Netanyahu “has his personal interests which are prioritized over what may be the national interests,” Olmert charged.
Analysts say Netanyahu fears that if he halts the war, hard-line members of his coalition will walk out, collapsing the government and forcing elections he could lose.
“If there is a war which is not going to save hostages, which cannot really eradicate more of what they did already against Hamas and if, as a result of this, soldiers are getting killed, hostages maybe get killed and innocent Palestinians are killed, then to my mind this is a crime,” said Olmert.
“And this is something that should be condemned and not accepted,” he said.
Trump should summon Netanyahu to the White House Oval Office and facing cameras, tell the Israeli leader: “’Bibi: enough is enough’,” Olmert said, using the premier’s nickname.
“This is it. I hope he (Trump) will do it. There is nothing that cannot happen with Trump. I don’t know if this will happen. We have to hope and we have to encourage him,” said Olmert.
Despite occasional expressions of concern about the situation in Gaza, the US remains Israel’s key ally, using its veto at the UN Security Council and approving billions of dollars in arms sales.


Hamas’s unprecedented attack on Israel resulted in the deaths of 1,219 people, mostly civilians, according to an AFP tally based on official figures.
Militants abducted 251 hostages, 54 of whom remain in Gaza, including 32 the Israeli military says are dead.
Israel’s retaliatory offensive has killed 54,880 people, mostly civilians, according to the Gaza health ministry, figures the United Nations deems reliable.
Along with former Palestinian foreign minister Nasser Al-Qidwa, Olmert is promoting a plan to end decades of conflict between Israel and the Palestinians to create a Palestinian state alongside a secure Israel.
Both sides would swap 4.4 percent of each other’s land to the other, according to the plan, with Israel receiving some West Bank territory occupied by Israeli settlers and a future Palestinian state territory that is currently part of Israel.
Ahead of a meeting this month in New York co-hosted by France and on steps toward recognizing a Palestinian state, Olmert said that such a plan is “practical, is doable, is relevant, is valid and is real.”
Olmert spent over a year in prison from 2016-2017 after being convicted in corruption scandals that ended his political career and efforts to forge peace.
A longtime political rival of Netanyahu even though they both emerged from the same Likud right-wing party, he also faces an uphill struggle to convince Israeli society where support for a Palestinian state, let alone land swaps, is at a low ebb after October 7.
“It requires a leadership on both sides,” said Olmert. “We are trying to raise international awareness and the awareness of our own societies that this is not something lost but offers a future of hope.”
Al-Qidwa, who is due to promote the plan alongside Olmert at a conference organized by the Jean-Jaures Foundation think tank in Paris on Tuesday, told AFP the blueprint was the “only game in town and the only doable solution.”
But he said societies in Israel and the Palestinian territories still had to be convinced, partly due to the continuation of the war.
“The moment the war comes to an end we will see a different kind of thinking. We have to go forward with acceptance of the co-existence of the two sides.”
But he added there could be no hope of “serious progress with the current Israeli government and current Palestinian leadership” under the aging president Mahmud Abbas, in office now for two decades.
“You have to get rid of both. And that is going to happen,” he said, labelling the Palestinian leadership as “corrupt and inept.”


Los Angeles’ image is scuffed since ICE raids and protests, with World Cup and Olympics on horizon

Los Angeles’ image is scuffed since ICE raids and protests, with World Cup and Olympics on horizon
Updated 59 min 9 sec ago

Los Angeles’ image is scuffed since ICE raids and protests, with World Cup and Olympics on horizon

Los Angeles’ image is scuffed since ICE raids and protests, with World Cup and Olympics on horizon
  • Los Angeles is still reeling from January’s deadly wildfires — and with the World Cup soccer championships and the 2028 Olympics on the horizon
  • Mayor Karen Bass has been urging residents to come together to revitalize LA’s image. Instead, a less flattering side of Los Angeles has been broadcast to the world in recent days

LOS ANGELES: This isn’t the image Los Angeles wanted projected around the globe.
Clouds of tear gas wafting over a throng of protesters on a blocked freeway. Federal immigration agents in tactical garb raiding businesses in search of immigrants without legal status. A messy war of words between President Donald Trump and Gov. Gavin Newsom. Photos captured several Waymo robotaxis set on fire and graffiti scrawled on a federal detention center building, while videos recorded the sounds of rubber bullets and flash-bang grenades hitting crowds.
In a city still reeling from January’s deadly wildfires — and with the World Cup soccer championships and the 2028 Olympics on the horizon — Mayor Karen Bass has been urging residents to come together to revitalize LA’s image by sprucing up streets, planting trees and painting murals so LA shows its best face to nations near and far.
“It’s about pride,” she’s said. “This is the city of dreams.”
Instead, a less flattering side of Los Angeles has been broadcast to the world in recent days. Protests have mostly taken place in a small swath of downtown in the sprawling city of 4 million people. As Trump has activated nearly 5,000 troops to respond in the city, Bass has staunchly pushed back against his assertions that her city is overrun and in crisis.
Bass, in response to Trump, said she was troubled by depictions that the city has been “invaded and occupied by illegal aliens and criminals, and that now violent, insurrectionist mobs are swarming our federal agents. I don’t know if anybody has seen that happen, but I’ve not seen that happen.”
The series of protests began Friday outside a federal detention center, where demonstrators demanded the release of more than 40 people arrested by federal immigration authorities.
Immigration advocates say the people who were detained do not have criminal histories and are being denied their due process rights.
An international city
Much like New York, Los Angeles is an international city that many immigrants call home. The city’s official seal carries images referencing the region’s time under Spanish and Mexican rule. Over 150 languages are spoken by students in the Los Angeles Unified School District. About half of the city’s residents are Latino and about one-third were born outside the US
Bass faulted the Trump administration for creating “a chaotic escalation” by mobilizing troops to quell protests.
“This is the last thing that our city needs,” Bass said.
Los Angeles resident Adam Lerman, who has attended the protests, warned that protests would continue if the Trump administration pushes more raids in the city.
“We are talking about a new riot every day,” Lerman said. ”Everybody knows they are playing with fire.”
It’s not the publicity LA needs as it looks to welcome the world for international sporting events on a grand scale.
“At this stage in the process, most host cities and countries would be putting the final touches on their mega-event red carpet, demonstrating to the world that they are ready to embrace visitors with open arms,” said Jules Boykoff, a Pacific University professor who has written widely on the political and economic impacts of the Olympic Games. The scenes of conflict are “not exactly the best way to entice the world to plan their next tourist trip to the US to watch a sports mega-event.”
A mayor under pressure
The federal raids and protests have created another dicey political moment for Bass, who has been struggling with a budget crisis while trying to recover from political fallout from the wildfires that ignited when she was out of the country.
She’s been careful not to discourage protests but at the same time has pleaded for residents to remain peaceful. The mayor will likely face backlash for involving the Los Angeles Police.
And she needs to fight the perception that the city is unsafe and disorderly, an image fostered by Trump, who in social media posts has depicted Bass as incompetent and said the city has been “invaded” by people who entered the US illegally. Los Angeles is sprawling — roughly 470 square miles (750 square kilometers) — and the protests were mostly concentrated downtown.
“The most important thing right now is that our city be peaceful,” Bass said. “I don’t want people to fall into the chaos that I believe is being created by the (Trump) administration.”
On Monday, workers were clearing debris and broken glass from sidewalks and power-washing graffiti from buildings — among the structures vandalized was the one-time home of the Los Angeles Times across the street from City Hall. Downtown has yet to bounce back since long-running pandemic lockdowns, which reordered work life and left many office towers with high vacancy rates.
Trump and California officials continued to spar online and off, faulting each other for the fallout. At the White House, Trump criticized California leaders by saying “they were afraid of doing anything” and signaled he would support Newsom’s arrest over his handling of the immigration protests.
If Los Angeles’ image was once defined by its balmy Mediterranean climate and the glamor of Hollywood, it’s now known “primarily for disaster,” said Claremont McKenna College political scientist Jack Pitney.
“A lot of perception depends on images,” Pitney added. Right now, the dominant image “is a burning Waymo.”