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

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

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.


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