Saudi Arabia to launch compliance carbon market within three years, close behind voluntary exchange -Minister

Saudi Arabia is looking to launch a national compliance carbon market in the next two three years, the country’s energy minister announced.

Speaking at the kingdom’s Future Investment Initiative in Riyadh – known as the “Davos in the Desert” due to the array of global financiers that attend – Prince Abdulaziz bin Salman Al Saud also confirmed the Saudi voluntary carbon market (VCM) trading platform is set to launch at COP29 in Azerbaijan next month.
RVCMC earlier this year selected Xpansiv, the owner of the CBL marketplace, to provide the technology infrastructure for its carbon credit exchange.