1. The #UAE has launched a national #carbon credits system using blockchain technology, through a partnership involving the Ministry of Climate Change and Environment, Industrial Innovation Group LLC, and the Venom Foundation.
2. The collaboration aims to use #blockchain to create a transparent and efficient #system for issuing, transferring, monitoring, and computing carbon credits. This system will contribute to emission reductions, sustainable agriculture, ecological well-being, and biodiversity in the UAE.
3. This initiative aligns with the UAE's goal to become a global leader in addressing #climate change. It seeks to showcase its commitment to emissions reduction, targeting a 40% reduction by 2030 and eventual climate neutrality by 2050, with the blockchain system playing a pivotal role.
