Proposal, could make major contribution to control global emissions of carbon dioxide
Qatar submitted a proposal to amend the United Nations’ emissions trading market to include carbon capture and storage projects, the country’s oil minister said.
At a conference in Doha, Qatari Minister Abdullah al Attiyah said: “Qatar Petroleum has officially submitted to the UN a proposal for a new methodology that could enable carbon dioxide capture and storage in geological formations to be part of the Clean Development Mechanism.”
He added: “We believe that Qatar’s proposal, if adopted, could make a major contribution to controlling the global emissions of carbon dioxide.”
Adding carbon capture to the list of projects approved by the UN, which runs world’s second-biggest emissions market, will be a topic for debate at global climate talks starting November 29 in Cancun, Mexico.
The process involves piping CO2 into storage underground or aging oil fields before its escapes into the air.
Qatar and the UAE are among the first oil producers in the Middle East to seek UN credits for alternative-energy projects.
Qatar has registered a project to reduce flaring of natural gas from the Al Shaheen oil field.
Qatar qualified for UN credits known as offsets, designed to encourage richer countries to finance carbon reductions in developing nations.
China and India together have supplied 68 percent of UN offsets for far.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.