The EU-GCC Cooperation on Green Transition Project held the first of a series of monthly webinars designed to deepen cooperation between Europe and the Gulf region on climate-related policy, innovation, and investment. This inaugural session focused on carbon markets—one of the most powerful mechanisms for reducing greenhouse gas emissions and accelerating green economic development.

Experts from the European Commission, GCC Secretariat, ICE (Intercontinental Exchange), and ICAP (International Carbon Action Partnership) shared insights into the functioning of carbon markets, the role of emissions trading systems (ETS), and the challenges and opportunities facing the GCC region in establishing its own regional carbon pricing tools. Speakers also discussed the global policy landscape, EU carbon border mechanisms (CBAM), and the potential for cooperation in Africa.