Cabinet Decision No. 67/2024 On the National Register for Carbon Credits

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The Council of Ministers,

After perusal of the Constitution;

Federal Law No. 1/1972 on the competencies of Ministries and powers of Ministers, and its amendments;

Federal Law No. 24/1999 for the protection and development of the Environment, and its amendments;

Federal Law No. 4/2000 on the UAE Securities and Commodities Authority and Market, and its amendments; and

Based on the proposal of the Minister of Climate Change and Environment, and the approval of the Council of Ministers,

Has decided the following:

Article 1 - Definitions

In application of the provisions of this Decision, the following terms and expressions shall have the meanings assigned against each, unless the context requires otherwise:

State: The State of the United Arab Emirates.

Ministry: The Ministry of Climate Change and Environment.

Minister: The Minister of Climate Change and Environment.

Authority: The Securities and Commodities Authority.

Competent Authority: The authority that is concerned with the climate change affairs in every Emirate.

Free Zone: Any free zone existing or established within the State under any federal or local legislation.