Saudi Arabia to launch greenhouse gases credits scheme next ...Kuwait

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Saudi Arabia will launch a greenhouse gas credits scheme early next year that will allow companies to offset their emissions by buying credits from projects that voluntarily cut or remove greenhouse gas emissions, the scheme's website said on Monday. The kingdom's Greenhouse Gas Crediting and Offsetting Mechanism (GCOM), launched at the United Nations MENA Climate Week in Riyadh, aims "to incentivise the deployment of emission reduction and removal activities at scale to support and enable climate-related national strategies, policies, and programs," GCOM's website said. Participation in the scheme, which aligns with Article 6 of the Paris Climate Agreement, is volunta

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