Carboless announces first digital Carbon registry in Middle East

Carboless, based in Abu Dhabi, has announced the establishment of the inaugural digital carbon registry services in the voluntary carbon markets across the Middle East. The company will provide comprehensive services to project owners, developers, standards bodies, and government departments responsible for NDC compliances.

Rishi Vaidya and Shiva Patel, co-founders of Carboless ADGM, expressed their enthusiasm, stating, "We are thrilled to announce our strategic partnership with Verdana, marking a significant milestone in sustainability in the Middle East. This collaboration lays the foundation for the Middle East's first voluntary carbon markets registry. Together with Verdana, we are shaping the future of environmental stewardship, creating a powerful platform for turning intent into action, bringing about positive change in the Middle East and beyond."

Utilizing Verdana to power their service platform, Carboless digitally connects carbon projects to a complete portfolio of carbon registry custodian services. Asad Sultan, CEO of Verdana, noted, "In 2022, we saw carbon exchanges mushrooming across Asia, in some cases prematurely. However, over COP28, it is evident that the focus has shifted to first setting up basic digital infrastructure like digital validation and verification, as well as digital carbon registry services, both of which Verdana provides to its partners like Carboless. We are particularly excited to debut at ADGM in Abu Dhabi, which is unique in its distinctive ecosystem, making it the most dynamic carbon marketplace in the world today."

Carboless's Verdana-powered platform has UNFCCC processes and Paris Accord compliances already in place, along with GHG accounting on immutable ledgers using Blockchain. Project owners, standards bodies, and VVBs can now view dMRV analytics from all their projects on a single dashboard available over any authorized smart device.