"The UAE's success in establishing a fully regulated carbon market, integrating carbon regulation to manage and trade emissions effectively, providing companies with tools to reduce their carbon footprint," he adds while highlighting the UAE's commitment to achieving net-zero emissions and praising its leadership in this crucial area.
Carbon pricing needed to finance transition to clean energy: IMF official
Gita Gopinath said she believes there are grounds to provide subsidies to help stimulate innovation. Gopinath's intervention into the debate on subsidies follows frustration in Europe over US President Joe Biden's major climate plan, which grants generous subsidies to new electric vehicles manufactured in the United States.
