June 16, 2023

Saudi Arabia’s carbon credit exchange: climate action or publicity stunt?

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Key Topics in this News Article:

Africa Aviation China Climate Change Corporate Social Responsibility Dubai Economy ESG Exports Investment Kenya Middle East Oil Paris pollution Saudi Arabia United Nations United States Washington

News Snapshot:

June 16, 2023 DUBAI — Saudi Arabia's Regional Voluntary Carbon Market Company (RVCMC) announced this week the launch of its 2024 carbon credit exchange as it hosted the world's largest voluntary carbon credit auction in Kenya. The moves have sparked a debate on whether Saudi Arabia's carbon giant is embracing climate action, or just seeking public relations stunts by the major oil-producing country. RVCMC Chair Rania Nashar said the move is in line with Saudi's larger initiatives on clean energy. “The Regional Voluntary Carbon Market Company is a key enabler to address today’s energy transition creatively and responsibly as part…

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Saudi Arabia’s carbon credit exchange: climate action or publicity stunt?

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