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Regional Voluntary Carbon Market Co. reaches new partnerships in Asia

image sourced from original article at https://www.arabnews.com/node/2624983/business-economy

Saudi Arabia's Regional Voluntary Carbon Market Company has signed new partnerships in Asia, including a memorandum of understanding with Marubeni Saudi Investment Company for cooperation in carbon credit trading, and a consulting partnership with Singapore-based Climate Bridge International. These agreements aim to expand the company's global presence, particularly in Asian markets, and to enhance the development of high-integrity carbon projects in the Kingdom and Global South countries. The partnerships were formalized during the Priority Summit of the Future Investment Initiative in Tokyo, highlighting growing international confidence in the Kingdom's efforts to build a transparent and reliable carbon market. The company's trading platform, launched in November 2024, is designed to provide institutional infrastructure, transparency, and scalability for the voluntary carbon market, which is expected to see significant growth in the coming decades.

Original article source: https://www.arabnews.com/node/2624983/business-economy
Source Id: 2025-12-912827984

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