Oman signs two carbon market agreements at COP31 in Turkiye
The agreements aim to strengthen Oman's carbon market, support Article 6 of the Paris Agreement and build the country's capacity to join international carbon trading.
The Global Carbon Council and the Climate Action Center of Excellence signed two memorandums of understanding with Oman's Ministry of Energy and Minerals during COP31 in Antalya, Turkiye, on Friday, Qatar's state news agency QNA reported.
The agreements seek to strengthen carbon market development, support the operation of Article 6 of the Paris Agreement and build Oman's technical and institutional capacity to take part in international carbon markets.
The ministry was represented by the Oman Net Zero Centre, which signed the deals alongside the two bodies.
Under the first memorandum, the Global Carbon Council and the centre will explore using the council's Carbon Market Infrastructure and an interoperable national registry to support Article 6.2 implementation in Oman.
The system could complement Oman's existing national carbon registry, Meezan, by linking it with international greenhouse gas crediting programs.
The cooperation also covers training for government entities, project developers and market participants on carbon market requirements, project development, registration and registry infrastructure.
The second memorandum, between the Climate Action Center of Excellence and the centre, focuses on institutional capacity, national registry operations, mitigation outcome authorizations and reporting under the UN Framework Convention on Climate Change.
It also sets up a framework for exchanging knowledge on carbon market policy and exploring ways to monetize carbon credits through auctions, calls for proposals and carbon exchange facilities.
Oman's Minister of Energy and Minerals Eng.
Salim bin Nasser Al Aufi said the cooperation would help Oman reach an "important part of Oman's pathway towards net-zero emissions by 2050."
The minister said the partnership would strengthen technical capacity, climate finance and policy expertise while keeping the work aligned with national priorities.
Dr. Yousef Alhorr, founding chairman of the Global Carbon Council, the Climate Action Center of Excellence and the Gulf Organisation for Research and Development, said the agreements would combine infrastructure and experience with policy support.
The move follows Oman's introduction of an updated National Net Zero Strategy and a carbon market regulatory framework in May 2026.
The Oman Net Zero Centre coordinates the country's path to net-zero emissions by 2050 and oversees its national carbon market framework, including the authorization of mitigation outcomes and the operation of the Meezan registry.
