Browsing Tag

carbon credit

Global carbon credit market set to reach $100bn by 2035: Oliver Wyman

The global market for carbon removal credits could reach $100 billion annually between 2030 and 2035, up from just $2.7 billion last year, driven by increasing interest from corporate purchasers, an analysis showed. According to the…
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Business

Saudi Top for Trading Co. agrees to buy 1k carbon credits from PIF-backed firm

Plastic and wax specialists Saudi Top Plastics has signed an agreement with a Public Investment Fund-backed firm to purchase 1,000 carbon credits. The memorandum of understanding, signed by the plastics trading name Saudi Top for Trading…
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Business

Saudi Arabia takes bold strides toward greener future and carbon neutrality

Saudi Arabia has emerged as a key player when it comes to environmental responsibility, setting ambitious targets to mitigate greenhouse gas emissions via carbon credit offsets. At the forefront of Saudi Arabia’s environmental…
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