UPDATE – Saudi Arabia fund launches voluntary carbon firm with imminent auction

Published 20:21 on October 24, 2022  /  Last updated at 11:59 on October 26, 2022  /  Aviation/CORSIA, EMEA, International, Nature-based, Voluntary  /  No Comments

Saudi Arabia's public investment fund (PIF) will auction carbon credits generated from 16 projects on Tuesday, according to sources familiar with the situation, as the country announced the creation of a firm to manage its voluntary carbon market activities and spur efforts to become a regional hub.

Updates to include that 15 buyers from both Saudi Arabia and outside will compete in the auction for credits from five suppliers, and results will be published on Wednesday

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