U.A.E., Qatar Seek UN Credits to Shrink CO2 Footprints
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The United Arab Emirates and Qatar are seeking United Nations credits to develop alternative-energy projects and cut the world’s most-intensive emissions.
Masdar, a renewable-energy company based in Abu Dhabi, plans to get tradable emission credits for solar and waste-heat projects by next year under the UN’s Clean Development Mechanism, a company spokesman said in an e-mail last week. State-run Qatar Petroleum said it expects credits for reducing the flaring of a greenhouse gas linked to global warming.