Carbon taxes and incentives from a Middle East perspective

In light of COP28, a global event where leaders will convene to address the escalating concerns of climate change, Deloitte has developed an article that sheds light on the evolving landscape of climate policies in the Gulf Cooperation Council (GCC) countries. 

As the Middle East grapples with the consequences of climate change, this article explores the potential implementation of carbon taxes and incentives within the region. It provides insights into current strategies, discusses challenges, and emphasizes the imperative for businesses to prepare for a transition to low-carbon economies.

The key topics covered in the article include: 

• Carbon tax landscape: An overview of carbon taxes, their types, and the role they play in reducing harmful emissions.
• GCC climate initiatives: Insights into the current climate initiatives of GCC countries. 
• Challenges and opportunities: Covering the obstacles hindering the implementation of carbon taxes in the GCC, and the potential opportunities for transitioning to renewable energy. 
• Business readiness: Guidance for businesses on preparing for the introduction of carbon taxes, including key considerations.