Doha, October 21 (QNA) - The Global Carbon Council (GCC), based in Qatar Science & Technology Park (QSTP), has signed a Memorandum of Understanding (MoU) with the Korea Trade-Investment Promotion Agency (KOTRA) Middle East and North Africa (MENA) Head Office, to strengthen climate cooperation and advance carbon market development across the MENA region.

Founding Chairman of GCC Dr. Yousef Alhorr and Regional President of KOTRA MENA Byung Ho Kim signed the MoU, marking a milestone partnership that connects Korea's green innovation with GCC's leadership in Carbon Market Infrastructure (CMI).

Commenting on the signing, Founding Chairman of GCC Dr. Yousef Alhorr stated: "This collaboration reflects our shared vision to accelerate global climate action through high-integrity carbon markets. By integrating GCC's digital carbon market infrastructure and policy expertise with KOTRA's technological, industrial, and trading capabilities, we are creating a bridge between the suppliers and the buyers of high integrity of credits—enabling countries and businesses to meet their climate goals with transparency, efficiency, and real impact while ensuring the economic viability."

In turn, Regional President of KOTRA MENA Byung Ho Kim said: "Through this MoU, we look forward to building stronger cooperation between Korea and the MENA region in carbon neutrality and sustainable development. Partnering with GCC will help expand opportunities for Korean climate technology enterprises and foster low-carbon innovation across emerging markets."

Under the MoU, GCC and KOTRA MENA will collaborate in the following areas: Promotion of Carbon Neutrality – supporting policy dialogue and institutional cooperation for carbon reduction and market development consistent with the Paris Agreement; Facilitation of Carbon Market Mechanisms – enhancing transparency, credibility, and accessibility in carbon markets, including mechanisms under Article 6; Knowledge Exchange and Capacity Building – organizing joint workshops, seminars, and business-matching events connecting Korean climate-technology enterprises with MENA counterparts; Project-Level Collaboration – identifying and registering high-integrity carbon reduction and removal projects under the GCC framework.

Through this partnership, GCC and KOTRA MENA will advance digital innovation, institutional dialogue, and technical capacity to operationalize transparent carbon market mechanisms, thus, supporting the implementation of the Paris Agreement and accelerating global decarbonization efforts.

Grounded in mutual trust and cooperation, the partnership aims to promote joint efforts toward achieving carbon neutrality and climate resilience in the MENA region, while supporting the implementation of market-based mechanisms under Article 6 of the Paris Agreement.

This cooperation aligns with KOTRA's mission to promote Korea's low-carbon industries and contribute to achieving its Nationally Determined Contributions (NDCs) through international partnerships. It also reinforces GCC's position as the first carbon crediting program from the Global South accredited under CORSIA and ICROA, bridging developed and developing markets to drive high-integrity climate action. (QNA)