UAE Gov’t and Venom Foundation Partner to Create National Carbon Credit System

Summary of Article:

• The UAE Government has signed a Memorandum of Understanding (MOU) with Chainwire Venom Foundation to develop and implement the National Carbon Credit System.
• This partnership is aimed at leveraging blockchain technology to address environmental challenges and promote sustainability on a national scale.
• Industrial Innovation Group, Ministry of Climate Change and Environment (MCCE), and Venom Foundation are collaborating to reduce emissions, promote sustainable agriculture, enhance environmental health, and conserve biodiversity.

UAE Government Partners with Chainwire Venom Foundation

Abu Dhabi, UAE, August 9th, 2023 – Chainwire Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This landmark partnership represents a significant step towards leveraging blockchain technology to address environmental challenges and promote sustainability on a national scale.

Commitment To Bolstering Transparency & Efficiency In Carbon Emission Management

This revolutionary collaboration underscores the UAE’s unwavering commitment to bolstering transparency, reliability, and efficiency in carbon emission management using the next generation blockchain technology of Venom while propelling the nation towards its ambitious climate targets of 40% reduction in carbon emissions by 2030. The Venom blockchain itself is carbon neutral. The Memorandum of Understanding (MoU) signed between the Ministry of Climate Change and Environment (MCCE), the Industrial Innovation Group, and Venom Foundation outlines four strategic objectives: reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity.

Venom Will Be Active Participants To A Greener Future

As part of this partnership, Venom will be actively participating in realizing a greener future. Taryam Matar Taryam CEO of Industrial Innovation Group expressed their dedication to sustainable development saying: “For Industrial Innovation Group it is a great honor to contribute to the creation of United Arab Emirates’ first National Carbon Credit Registry System together with Venom.” He continued by stating that Industrial Innovation Group “steadfastly adheres to sustainable development goals” including through decarbonization as global climate change is closely linked with increasing concentrations CO₂ in atmosphere”. With over 30 years experience Industrial Innovation Group has created large-scale national registries related identification processes as well as excelling in developing pathways for different business sectors concerning carbon removal initiatives generating project documentation for various credit registries managing monitoring and reporting on utilization projects.

Chair Of The Foundation Council At Venon Expresses Excitement About Collaboration

Peter Knez Chair Of The Foundation Council At Venon expressed his excitement about this collaboration saying: “We are honored & excited join hands with government build National Carbon Credit System At Venon believe that Blockchain provides perfect platform build secure transparent reliable verifiable system which can used manage trade credits”


In conclusion this MOU between UAE government Chainwire Venon foundation represents an important landmark achievement demonstrating commitment addressing environmentally focused issues such climate change while utilizing most advanced technologies available today like blockchain ensure secure efficient transactions that benefit all involved parties & ultimately create better future for everyone

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