Africa > Saudi voluntary carbon market auction sells 2.2 mln units at $6/tonne

Saudi voluntary carbon market auction sells 2.2 mln units at $6/tonne

Published 17:16 on June 14, 2023  /  Last updated at 02:43 on June 20, 2023  / Roy Manuell /  Africa, Aviation/CORSIA, EMEA, International, Middle East, Nature-based, Voluntary

The Saudi company set up to drive voluntary carbon market (VCM) growth sold 2.2 mln carbon credits in an auction held in Kenya on Wednesday, with the units clearing at a price of 23.50 Saudi riyal per tonne, equivalent to nearly $6.30, and sold to 16 mostly Saudi firms.
The Saudi company set up to drive voluntary carbon market (VCM) growth sold 2.2 mln carbon credits in an auction held in Kenya on Wednesday, with the units clearing at a price of 23.50 Saudi riyal per tonne, equivalent to nearly $6.30, and sold to 16 mostly Saudi firms.


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.