Home » CACE and GEP Form Strategic Partnership to Drive Climate Action

CACE and GEP Form Strategic Partnership to Drive Climate Action

by Madaline Dunn

The Climate Action Center of Excellence (CACE) and the Green Economy Partnership (GEP) have announced that they have formalised a comprehensive strategic partnership. 

Designed to meet 2030 Nationally Determined Contribution (NDC) targets, the initiative focuses on regional players and industries that are hard to abate. 

The two shared that by activating Article 6, they are opening new avenues for both public and private entities to partake in “significant and effective climate action.”

The partnership will concentrate on several areas: 

  • Enhancing host countries’ readiness for Internationally Transferred Mitigation Outcomes (ITMO) projects, 
  • Increasing transparency in ITMO transfers and 
  • Ensuring alignment with the sustainable development goals of all involved parties. 

This initiative is backed by the Gulf Organisation for Research and Development (GORD), the parent entity of CACE, and aims to leverage climate finance and foster a large pipeline of high-integrity ITMOs.

Dr. Yousef Alhorr, Founding Chairman of GORD, commented: “The partnership between CACE and the Green Economy Partnership exemplifies our dedication to enhancing international cooperation and supporting nations in their journey towards a greener future.”

Alexandra Soezer, Director of CACE, said: “By enhancing the capacity of host countries to deliver correspondingly adjusted ITMOs, we are paving the way for substantial environmental and economic benefits globally.”

Arthur Chirkinian, CEO of Green Economy Partnership, called the alliance “transformative,” adding: “By aligning our resources and expertise, we aim to create a ripple effect of sustainable impact, demonstrating that economic development and environmental stewardship can go hand in hand.”

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