Oman has introduced a new regulatory framework for carbon markets to support its goal of carbon neutrality by 2050. The initiative aims to turn a 33% emissions reduction target by 2035 into tradable, high-integrity carbon credits to attract private and international investment. The strategy focuses on seven key national sectors, prioritizing green hydrogen and renewable energy. While the country continues to maintain its oil and gas production, the new framework provides a structured path for businesses and SMEs to engage in emissions reduction and carbon trading.
