Antalya:The Global Carbon Council (GCC) and the Climate Action Center of Excellence (CACE), an initiative by the Gulf Organisation for Research and Development (GORD), have formalized cooperation with the Ministry of Energy and Minerals of Oman through two Memorandums of Understanding (MoUs) at COP31 in Antalya, Turkiye. These agreements involve collaboration with the Oman Net Zero Centre (ONZC).
According to Qatar News Agency, the agreements are designed to bolster carbon market development, support the implementation of Article 6 of the Paris Agreement, and enhance Oman's capacity to engage in global carbon markets. The MoUs were signed by Oman's Minister of Energy and Minerals, Eng. Salim bin Nasser Al Aufi, and Dr. Yousef Alhorr, Founding Chairman of GCC, CACE, and GORD.
The collaboration is part of Oman's efforts to advance its national carbon market structure, in line with its updated National Net Zero Strategy and carbon market regulatory framework announced in May 2026. The MoUs aim to integrate expertise in carbon crediting standards, policy implementation, and market development to support these national initiatives.
Under the first MoU, GCC and ONZC will consider implementing GCC's Carbon Market Infrastructure (CMI) and the Interoperable National Registry Solution to aid Article 6.2 execution in Oman. This solution is intended to complement Oman's Meezan registry by enabling international interoperability in greenhouse gas crediting.
The partnership will also involve capacity-building initiatives for government officials, project developers, and market participants, focusing on carbon market requirements and infrastructure. Additionally, GCC and ONZC will evaluate adopting GCC's standards and governance frameworks to enhance Oman's carbon market activities.
The second MoU between CACE and ONZC aims to strengthen Oman's preparedness for Article 6 execution, covering institutional capacity building, registry operations, and mitigation outcome authorizations. The agreement promotes knowledge exchange and explores monetization of carbon credits via auctions and proposals.
These agreements aim to fortify Oman's carbon market ecosystem by blending GCC's experience in carbon crediting and infrastructure with CACE's expertise in policy support and market operations.