Oman completes final draft of general policy framework for carbon markets

Muscat: The Sultanate of Oman, represented by the Environment Authority, has completed the preparation of the final draft of the general policy framework for registering and issuing carbon reduction certificates, in accordance with Article 6 of Paris Agreement.

The final document consists of 52 pages, in which the Sultanate of Oman charts its path towards a carbon-free future. Through the document, Oman seeks to become a prominent carbon trading center in the Middle East.

In the context, the Environment Authority affirmed that the draft received the commendation of international institutions and organizations specialized in this field. The authority pointed out that the draft or framework will be reviewed by all stakeholders during a technical workshop to be held in mid-September in Muscat.

It is worth to mention that the political framework for the draft will be launched at the 29th Conference of the Parties next November in the capital Baku, the Republic of Azerbaijan.