Chairman of the Global Carbon Council Dr. Yousef bin Mohammed Al Horr said that transitioning to a low-carbon economy is a challenge that calls for international cooperation involving the public and private sectors to address the problem of climate change, which requires the concerted efforts of governments, organizations, and individuals alike. This came in a statement to Qatar News Agency commenting on the ongoing discussion in that regard and including the goal of “transitioning to a low-carbon economy” among the topics discussed by the Qatar Economic Forum.
The carbon footprint expert, Dr. Al Horr indicated that the principle of common but differentiated responsibilities and respective capabilities has been agreed and that governs the global climate actions. It includes an acceptance that we should be able to collaborate across borders and industries in catalyzing climate actions, and that we should engage with all sectors of society.
He stressed that this cooperation enables governments and private sector actors to do more, earlier and faster than what they could achieve individually. The collaboration between countries is on capacity building, technology transfer, and international climate finance. One of the key sources of international finance is the “carbon markets” under Article 6 of the Paris Agreement.