First Saudi carbon auction distributes 1.4 Mt across 15 firms as Aramco announces $1.5 bln fund

Published 13:02 on October 26, 2022  /  Last updated at 15:01 on November 12, 2022  /  Africa, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary  /  No Comments

The first carbon credit auction hosted by Saudi Arabia's sovereign investment fund has dished out 1.4 million units across 15 regional and domestic firms including Aramco, with the state oil company also announcing a $1.5 billion fund to help it reach net zero emissions by 2050.

The first carbon credit auction hosted by Saudi Arabia’s sovereign investment fund has dished out 1.4 million units across 15 regional and domestic firms including Aramco, with the state oil company also announcing a $1.5 billion fund to help it reach net zero emissions by 2050.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.