Advanced Global Trading or AGT is an

emissions trading Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission t ...

and environmental consultancy firm headquartered in

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

, United Arab Emirates and with offices in Bahrain,

Doha Doha ( ar, الدوحة, ad-Dawḥa or ''ad-Dōḥa'') is the capital city and main financial hub of Qatar. Located on the Persian Gulf coast in the east of the country, north of Al Wakrah and south of Al Khor, it is home to most of the coun ...

, 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.

History

AGT Advanced Global Trading was set up by a group of investors and

angel investors An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or owners ...

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 AMEinfo.com is a provider of online business information about the Middle East region. Founded in the United Arab Emirates in 1993, AMEinfo.com offers English and Arabic information in daily news wires, editorial columns, feature articles, report ...

estimated the total offset to be over 200,000 tonnes a year in the UAE alone.

Lotus F1 Lotus F1 Team was a British Formula One racing team. The team competed under the Lotus name from until , following the renaming of the former Renault team based at Enstone in Oxfordshire. The Lotus F1 Team was majority owned by Genii Capital. ...

also signed Advanced Global Trading as an official partner to reduce their environmental impact. The partnership is represented by the AGT brand, which appears on the Lotus F1 car driven by

Kimi Räikkönen Kimi-Matias Räikkönen (; born 17 October 1979), nicknamed "The Iceman", is a Finnish racing driver who competed in Formula One between 2001 and 2021 for Sauber, McLaren, Ferrari, Lotus, and Alfa Romeo. Räikkönen won the 2007 Formula One Wo ...

and

Romain Grosjean Romain David Jeremie Grosjean (; born 17 April 1986) is a Swiss-French professional racing driver, competing under the French flag in the NTT IndyCar Series, driving the No. 28 Honda for Andretti Autosport. Grosjean had previously spent nine ...

. In December 2012, the company signed an agreement with the cleaning specialist Grako in Dubai, to become the country's first

carbon neutral Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal (often through carbon offsetting) or by eliminating emissions from society (the transition to the "p ...

company

Corporate social responsibility

AGT initiated a campaign to embed CSR strategies into the corporate governance frameworks in the Middle East. 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: * AGT in June 2011 assisted

Omar Samra Omar Samra (born 11 August 1978) is a British-born Egyptian adventurer, entrepreneur and speaker. He is the first Egyptian to climb Mount Everest, the 7 Summits and ski to both the Geographic South and North Pole (the Explorers Grand Slam). He is ...

, the first Egyptian to climb Mount Everest make his expeditions

. * Equinox Design division Exhibit Green to offset environmental waste and reduce their

carbon footprint A carbon footprint is the total greenhouse gas (GHG) emissions caused by an individual, event, organization, service, place or product, expressed as carbon dioxide equivalent (CO2e). Greenhouse gases, including the carbon-containing gases carbo ...

. * The Swiss

Le Mans race The 24 Hours of Le Mans (french: link=no, 24 Heures du Mans) is an endurance-focused sports car race held annually near the town of Le Mans, France. It is the world's oldest active endurance racing event. Unlike fixed-distance races whose w ...

team, to enable it to become carbon neutral by retiring ETPs. * Advanced Global Trading assisted Abu Dhabi Desert Challenge to offset any environmental damage from the March 2012 event. The agreement was between (ATCUAE) Automobile & Touring Club and AGT and was the first of its kind in GCC. * AGT was nominated for "Best Sustainable Investment" award at the 2011 International Green Awards. * Advanced Global Trading in May 2012 announced its official partnership with

to assist the team's reduction of CO₂ emissions as it targets CO₂ neutrality in 2012. * AGT assists Lotus F1 with carbon neutrality for another year in 2013

References

{{reflist Alternative investment management companies Brokerage firms Companies based in Dubai Financial services companies established in 2009 Consulting firms established in 2009 Macroeconomics consulting firms