DUBAI: Carbon credits remain one of the most contested tools in global climate policy. Supporters view them as a mechanism to unlock climate finance, while critics point to weak measurement standards, inflated claims and projects that fall short of delivering meaningful impact.
Across the Middle East, governments are ramping up investment in urban greening, nature-based solutions and carbon markets — intensifying scrutiny over how environmental benefits are calculated and verified.
A growing cohort of climate-tech firms argues that the credibility gap lies less in the concept of carbon credits and more in how environmental performance is measured. Among them is GrowCarbon, a Dubai-based company developing digital systems to monitor trees and convert their climate impact into tradable carbon credits.
Hamzeh Abueqap, GrowCarbon founder and chief executive, said the idea behind the platform grew out of his academic work in financial economics and climate finance. It was also shaped by an early realization that trees provide measurable services to cities that are rarely reflected in financial systems.
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