Oman’s OQ Trading & be’ah to collaborate on projects in emission reduction

Oman’s OQ Trading & be’ah to collaborate on projects in emission reduction

OQ Trading (OQT), the international energy and commodity trading arm of the Government of Oman, and Oman Environmental Service Holding Company (be’ah) have signed a cooperation agreement for the development of projects of emission reduction within the waste management industry in Oman.

The agreement signed is an important initiative in helping to reduce greenhouse gas emissions in the Sultanate of Oman. Greenhouse gas reduction forms an important part of be’ah’s objective to structure the waste management sector and its related services sustainably.

The framework resulting from the cooperation agreement allows OQT to work collaboratively with be’ah to identify and develop projects which adhere to international emission reduction standards.

OQT has been at the forefront of Omani emissions efforts, having developed the first Omani carbon project in 2012 in conjunction with the Ministry of Energy and Minerals with the successful registration of Oman’s first Clean Development Mechanism (CDM) project.

The Certified Emission Reduction (CERs) credits issued by the project, alongside other Voluntary Emission Reduction (VERs) credits from projects that followed, have been successfully marketed to end-buyers, utilizing OQT’s understanding of carbon project development, energy pricing and international markets.

OQT and be’ah will be together exploring multiple opportunities for projects within the field of waste management and