Advanced Global Trading

Last updated

Advanced Global Trading
Company typeAlternative Investments
Industry Emissions
Founded2009 – ceased trading 4 July 2013
HeadquartersDubai, ,
Area served
GCC, Europe, Africa, and North America
Key people
Charles Stephenson (Director, Head Office) [1] [2]
ProductsVER, CSR, OTC, SCCC
Number of employees
100 (2013)
Website http://www.advancedglobaltrading.com [ dead link ]

Advanced Global Trading or AGT is an emissions trading and environmental consultancy firm headquartered in Dubai, United Arab Emirates [3] and with offices in Bahrain, Doha, Zurich and Johannesburg. AGT deals in sourcing and trading of Verified Carbon Standard approved emissions trading permits (ETP), and specialised in buying and selling of emissions trading certificates and permits in the over-the-counter markets.

Contents

History

AGT Advanced Global Trading was set up by a group of investors and angel investors in 2009 with headquarters in the Dubai United Arab Emirates; Dubai was chosen for its commercial significance within the MENA region. AGT trades within the UAE and Gulf Cooperation Council regions. It later expanded into consultancy.

In August 2011 the company established a partnership with Equinox Designs to offset the environmental waste created by the exhibition industry. AMEinfo.com estimated the total offset to be over 200,000 tonnes a year [4] in the UAE alone. Lotus F1 also signed Advanced Global Trading as an official partner to reduce their environmental impact. [5] The partnership is represented by the AGT brand, which appears on the Lotus F1 car driven by Kimi Räikkönen and Romain Grosjean. [6]

In December 2012, the company signed an agreement with the cleaning specialist Grako in Dubai, to become the country's first carbon neutral company [7]

Corporate social responsibility

AGT initiated a campaign to embed CO2 CSR strategies into the corporate governance frameworks in the Middle East. [8] A partnership program advises corporations to negate environmental damage and to set up a self-regulating mechanism to ensure active compliance. Examples of the program are:

Related Research Articles

This article covers the various forms of transport in the United Arab Emirates (UAE), by road, rail, air, water, etc.

<span class="mw-page-title-main">United Arab Emirates</span> Country in West Asia

The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East. Located at the eastern end of the Arabian Peninsula, it shares borders with Oman and Saudi Arabia; as well as maritime borders in the Persian Gulf with Qatar and Iran. The United Arab Emirates is an elective monarchy formed from a federation of seven emirates. As of 2023, the UAE has an estimated population of 9.97 million. Emirati citizens are estimated to form 11.6% of the population; the remaining residents are expatriates, the majority of whom are South Asian. Islam is the official religion and Arabic is the official language. Abu Dhabi is the country's capital, while Dubai, the most populous city, is an international hub.

<span class="mw-page-title-main">Carbon offsets and credits</span> Carbon dioxide reduction scheme

Carbon offsetting is a carbon trading mechanism that enables entities such as governments or businesses to compensate for (i.e. “offset”) their greenhouse gas emissions by investing in projects that reduce, avoid, or remove emissions elsewhere. When an entity invests in a carbon offsetting program, it receives carbon credits. These "tokens" are then used to account for net climate benefits from one entity to another. A carbon credit or offset credit can be bought or sold after certification by a government or independent certification body. One carbon offset or credit represents a reduction, avoidance or removal of one tonne of carbon dioxide or its carbon dioxide-equivalent (CO2e).

<span class="mw-page-title-main">Business action on climate change</span> Range of activities by businesses relating to climate change

Business action on climate change includes a range of activities relating to climate change, and to influencing political decisions on climate change-related regulation, such as the Kyoto Protocol. Major multinationals have played and to some extent continue to play a significant role in the politics of climate change, especially in the United States, through lobbying of government and funding of climate change deniers. Business also plays a key role in the mitigation of climate change, through decisions to invest in researching and implementing new energy technologies and energy efficiency measures.

<span class="mw-page-title-main">City of Unley</span> Local government area in South Australia

The City of Unley is a local government area in the Adelaide metropolitan region. It is located directly south of the Adelaide city centre.

Green trading encompasses all forms of environmental financial trading, including carbon dioxide, sulfur dioxide, nitrogen oxide (ozone), renewable energy credits, and energy efficiency (negawatts). All these emerging and established environmental financial markets have one thing in common, which is making profits in the emerging emissions offset economy by investing in "clean technology".

<span class="mw-page-title-main">Environmental effects of aviation</span> Effect of emissions from aircraft engines

Aircraft engines produce gases, noise, and particulates from fossil fuel combustion, raising environmental concerns over their global effects and their effects on local air quality. Jet airliners contribute to climate change by emitting carbon dioxide, the best understood greenhouse gas, and, with less scientific understanding, nitrogen oxides, contrails and particulates. Their radiative forcing is estimated at 1.3–1.4 that of CO2 alone, excluding induced cirrus cloud with a very low level of scientific understanding. In 2018, global commercial operations generated 2.4% of all CO2 emissions.

<span class="mw-page-title-main">Cinema of the United Arab Emirates</span> Filmmaking in the UAE

Cinema of the United Arab Emirates began with a number of feature films that were broadcast on national television since the late 1980s.

<span class="mw-page-title-main">Energy in Norway</span>

Norway is a large energy producer, and one of the world's largest exporters of oil. Most of the electricity in the country is produced by hydroelectricity. Norway is one of the leading countries in the electrification of its transport sector, with the largest fleet of electric vehicles per capita in the world.

<span class="mw-page-title-main">Masdar City</span> First green city in Abu Dhabi, United Arab Emirates

Masdar City is an urban community in Abu Dhabi, the capital of the United Arab Emirates. It was built by Masdar, a subsidiary of the state-owned Mubadala Investment Company, with the majority of seed capital provided by the Government of Abu Dhabi.

Enviromena is a clean energy technology company in Europe. It has installed more than 17,000 solar systems. The company has over 425 MW of solar power plants under operation and a further 200 MW under construction.

<span class="mw-page-title-main">Airport Carbon Accreditation</span>

Airport Carbon Accreditation is a global carbon management programme for airports that independently assesses and recognises airports' efforts to manage and reduce their CO2 emissions. Aircraft emissions, which are many times greater than airport emissions, are not included in the programme. The airport industry accounts for 5% of the air transport sector’s total carbon emissions.

Energy in the United Arab Emirates describes energy and electricity production, consumption and import in the United Arab Emirates (UAE). The UAE has 7% of global proved oil reserves, about 100 billion barrels. Primary energy usage in 2009 in the UAE was 693 TWh and 151 TWh per million persons.

<span class="mw-page-title-main">Mohammed Shehadeh</span>

Dr. Mohammed Shehadeh a civil engineer, is the senior vice president of UNIBETON READY MIX. He is a graduate in Civil Engineering from Florida State University, USA and Doctorate in Engineering by Dalhousie University, Canada. He introduced SCC for the first time in the UAE, and the Green Concrete or low carbon emission concrete in the UAE Market. He also introduced real time rheology which can measure, temperature, slump, equivalent normal pressures at different drum speed, yield of concrete and viscosity without the interference of humans this along with GPS system can be recorded for future analysis saving thousands of cubic meter of concrete which otherwise wasted in carrying out these tests. Implementation of new shotcrete methods to UAE market due to its many significant sustainability advantages on formwork, labour, speed and savings of 33-50% over conventional cast-in-place construction. His hobbies are farming and horse riding.

Unibeton is a building materials company based in Abu Dhabi, United Arab Emirates. Unibeton has annual production capacity of 10 million cubic meters and over 3000 employees. Unibeton has operations in Saudi Arabia, Qatar and India. Unibeton Ready-mix is part of Al Fara’a Group. The group comprises the construction, property and related services. Unibeton Ready Mix is one of the largest manufacturers and distributors of ready-mix concrete in GCC specialized in self-compacting concrete, low-cost, light weight, high strength, lean and insulated, low carbon emission - green concrete.

<span class="mw-page-title-main">Sultan Al Jaber</span> Emirati politician and businessman (born 1973)

Sultan Ahmed Al Jaber, is an Emirati politician who is the minister of industry and advanced technology of the United Arab Emirates, head of the Abu Dhabi National Oil Company (ADNOC), and chairman of Masdar.

<span class="mw-page-title-main">Environmental issues in the United Arab Emirates</span>

Environmental issues in the United Arab Emirates (UAE) are caused by the exploitation of natural resources, rapid population growth, and high energy demand. The continuing temperature rise caused by global warming contributes to UAE's water scarcity, drought, rising sea level, and aridity. The UAE has a hot desert climate, which is very vulnerable to the effects of climate change and contributes to worsening water scarcity, quality, and water contamination.

<span class="mw-page-title-main">Carbon Offsetting and Reduction Scheme for International Aviation</span> Voluntary ICAO greenhouse gas emissions scheme

The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is a carbon offset and carbon reduction scheme to lower CO2 emissions for international flights, to curb the aviation impact on climate change.

<span class="mw-page-title-main">Citibank United Arab Emirates</span> Franchise subsidiary of Citigroup

Citibank National Association, United Arab Emirates commonly known as Citibank U.A.E., is a franchise subsidiary of Citigroup, a multinational financial services corporation headquartered in New York City, United States. Citi U.A.E. is connected by a network spanning 98 markets across the world. The phone support call center for Citibank U.A.E. retail banking clients is based at Citibank Bahrain.

<span class="mw-page-title-main">Net zero emissions</span> Rate of human-caused greenhouse gas emissions

Global net zero emissions describes the state where emissions of carbon dioxide due to human activities and removals of these gases are in balance over a given period. It is often called simply net zero. In some cases, emissions refers to emissions of all greenhouse gases, and in others it refers only to emissions of carbon dioxide. To reach net zero targets requires actions to reduce emissions. One example would be by shifting from fossil fuel energy to sustainable energy sources. Organizations often offset their residual emissions by buying carbon credits.

References

  1. "Charles Stephenson" Advance Global Trading. Retrieved January 17, 2012
  2. "Alice Haine."Money & Me: Business is no place to test friendship". The National. September 24, 2011. Retrieved January 17, 2012
  3. Basit, Abdul. "Green trading arrives in the Middle East". Khaleej Times. Retrieved 23 April 2023.
  4. 1 2 El Ajou, Nadeen. "Equinox Design partners with Advanced Global Trading to offset the environmental waste created by the exhibition industry". AMEinfo.com. Archived from the original on 28 June 2012. Retrieved 18 August 2011.
  5. "Lotus F1 Team targets carbon neutrality."
  6. "Lotus F1 Team | AGT Official team partner". Lotus F1 Team. Archived from the original on 1 June 2013.
  7. "Advanced Global Trading signs agreement with Grako" Advanced Global Trading signs agreement with Grako. Retrieved December 5, 2012
  8. "Corporate Social Responsibility" Advance Global Trading. Retrieved January 17, 2012
  9. "Egypt's Hottest Mountain Climber Goes Carbon-Neutral" . Retrieved 7 February 2012.
  10. Jeremy King. "Equinox Design partners with Advanced Global Trading to create Exhibit Green". EventsMagazine.co.uk. August 25, 2011. Retrieved January 16, 2012
  11. "Hope Racing submits Le Mans 24 Hours race data to UAE-based brokerage to become the World's first Co2-Neutral Race". Zawya. 16 June 2011.
  12. "2012 Abu Dhabi Desert Challenge Goes green". Abu Dhabi Desert Challenge. Abu Dhabi Desert Challenge. Archived from the original on 31 March 2012. Retrieved 24 March 2012.
  13. "International Green Award Shortlist 2011 Archived 2013-05-22 at the Wayback Machine ." Green Awards. Retrieved January 17, 2012
  14. "UAE headquartered brokerage helps Lotus F1 Team target carbon neutrality". MenaFN. Archived from the original on 3 March 2016. Retrieved 22 May 2013.
  15. "AGT – Alternative investment brokerage working with F1 team to retain carbon neutrality in 2013". www.sustainablebusiness.com. Retrieved 29 May 2013.