Saudi Arabia Moves Closer To 2027 Carbon Market Launch

Saudi Arabia has made significant progress toward establishing a national carbon market, taking key steps at the Future Investment Initiative (FII) summit to improve Saudi Arabia carbon sustainability.

The country’s Regional Voluntary Carbon Market Company (RVCMC) and the Clean Development Mechanism Designated National Authority (CDMDNA) signed a Memorandum of Understanding (MoU) to begin developing the market’s framework, which is a critical component of Saudi Arabia carbon sustainability efforts.