Agreements have been struck with African states home to crucial biodiversity hotspots, for land representing billions of dollars in potential carbon offsetting revenue
• Who is the UAE sheikh behind deals to manage vast areas of African forest?
The rights over vast tracts of African forest are being sold off in a series of huge carbon offsetting deals that cover an area of land larger than the UK. The deals, made by a little-known member of Dubai’s ruling royal family, encompass up to 20% of the countries concerned – and have raised concerns about a new “scramble for Africa” and the continent’s carbon resources.
As chairman of the company Blue Carbon, which is barely a year old, Sheikh Ahmed Dalmook al-Maktoum has announced several exploratory deals with African states that are home to crucial wildlife havens and biodiversity hotspots, for land that represents billions of dollars in potential offsetting revenue. The sheikh has no previous experience in nature conservation projects.
