COP27: Saudi Arabia “gets serious” about VCM as energy minister unveils 2023 carbon market

Published 10:19 on November 12, 2022  /  Last updated at 16:24 on November 12, 2022  /  Africa, Aviation/CORSIA, EMEA, International, Middle East, Nature-based, Voluntary  /  No Comments

Saudi Arabia on Friday announced it will launch a domestic carbon credit scheme at the start of 2023 that plans to issue Paris-compliant credits under Article 6 for voluntary participants, both for domestic use as well as international transfer and with baseline and MRV methodologies designed specifically according to the country's circumstances.

Saudi Arabia on Friday announced it will launch a domestic carbon credit scheme at the start of 2023 that plans to issue Paris-compliant credits under Article 6 for voluntary participants, both for domestic use as well as international transfer and with baseline and MRV methodologies designed specifically according to the country’s circumstances.

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