Wed, 2022-10-26 16:36
RIYADH: Saudi Arabia’s Public Investment Fund auctioned off 1.4 million tons of carbon credits during the 6th edition of the Future Investment Initiative conference in Riyadh.
As many as 15 Saudi, as well as regional, firms participated in what has been labeled as the biggest ever carbon credit sale, according to a statement.
Carbon credits allow companies to emit a specific amount of carbon dioxide or other harmful gasses — with one credit the equivalent of one ton of emissions.
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