Blue Carbon (company)

Blue Carbon is an Emirati company that was launched in October 2022. The company seeks to conserve forests that might otherwise be logged, thus preventing carbon dioxide from entering the atmosphere in order to earn carbon credits to sell to companies and governments who would want to release carbon dioxide. It is assumed that the much of the credits would be sold to the oil producing United Arab Emirates.

Sheikh Ahmed Dalmook Al Maktoum is the founder and chairman of Blue Carbon. He was previously involved in deals to sell Russia’s Sputnik V vaccine at a premium during the COVID 19 pandemic. The current CEO is Josiane Sadaka, a British-educated brand manager for other companies owned by Sheikh Ahmed as well. Samuele Landi is listed as an advisor to Blue Carbon and has been convicted before for fraudulent bankruptcy. He lives as a fugitive as Italy has issued extradition requests from the UAE for his arrest. The company initially stated it would focus on carbon storage on marine ecosystems, known as Blue carbon.

In September 2023, Zimbabwe signed control over almost 20% of the country's land to Blue Carbon. Blue Carbon's parent company agreed to transfer $1.5 billion to Zimbabwe, which is more than the country spends on education and childcare. Additionally, Blue Carbon has done deals covering 10% of Liberia, 10% of Zambia, 8% of Tanzania (which also signed a deal handing 5.9 million acres to a similar company GreenCop Development), the Bahamas, Nigeria, Papua New Guinea, Saint Lucia, Dominica, Comoros, Pakistan and Kenya. In total, Blue Carbon has secured forested area equivalent to the land area of the entire United Kingdom.