Companies in developing countries ? including GCC states ? can register clean energy investments with the UN's Clean Development Mechanism (CDM) and claim credits for every tonne of greenhouse gas they keep out of the atmosphere.
Any project must pass rigorous testing to be awarded credits and must also prove it would not have gone ahead without the boost in funding. It must then be accepted by the CDM executive board, a division of the UN Framework Convention on Climate Change. The CDM scheme is part of the Kyoto treaty on global warming and is designed to encourage emissions reductions in developing countries not legally bound by the treaty to cut their carbon footprints. Companies in developed countries buy the credits to offset their emissions and stay within strict limits set by their governments.
The UN awards 374 million credits a year, with the vast majority going to projects in China, India or Brazil. Out of a total of 22 projects registered in the MENA region, only four have received credits.
@Email:cstanton@thenational.ae
The%20specs
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
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UAE currency: the story behind the money in your pockets
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
The years Ramadan fell in May
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
MATCH INFO
Champions League last 16, first leg
Tottenham v RB Leipzig, Wednesday, midnight (UAE)
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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UAE currency: the story behind the money in your pockets
Day 2, Dubai Test: At a glance
Moment of the day Pakistan’s effort in the field had hints of shambles about it. The wheels were officially off when Wahab Riaz lost his run up and aborted the delivery four times in a row. He re-measured his run, jogged in for two practice goes. Then, when he was finally ready to go, he bailed out again. It was a total cringefest.
Stat of the day – 139.5 Yasir Shah has bowled 139.5 overs in three innings so far in this Test series. Judged by his returns, the workload has not withered him. He has 14 wickets so far, and became history’s first spinner to take five-wickets in an innings in five consecutive Tests. Not bad for someone whose fitness was in question before the series.
The verdict Stranger things have happened, but it is going to take something extraordinary for Pakistan to keep their undefeated record in Test series in the UAE in tact from this position. At least Shan Masood and Sami Aslam have made a positive start to the salvage effort.
