Over the years, our planet has witnessed many catastrophic effects due to global warming and climate change. People across the world have left no stone unturned to improve the deteriorating condition of the environment. The Maldives too has contributed in its own little way by holding underwater government meetings, building massive wind farms and buying a new island. This time around, the beautiful island nation moves a step ahead and presents to the world, the first “carbon neutral” stock exchange ever.
The Maldives Stock Exchange collaborated with a UK-based company CarbonNeutral Company to measure greenhouse gas emissions associated with its energy consumption, waste disposal, company controlled vehicles, business travel and staff commuting and purchase carbon credits to offset the emissions. The MSE has offset 11 tons of its carbon emissions by a wind farm in India and is planning to bring down the emission directly too. They hope to encourage companies listed on the stock exchange to take up carbon emissions reduction programs. It is anticipated that many companies and institutions will cut and offset carbon emission to fulfill the dream of carbon neutral Maldives by 2020.