RIYADH: Saudi Arabia’s Regional Voluntary Carbon Market Co. has announced the signing of a memorandum of understanding with Marubeni Saudi Investment Co. to cooperate in the field of carbon credit trading.
The company, founded by the Public Investment Fund and the Saudi Tadawul Group, said that the move represents a significant expansion of its global presence and strengthens its relationships in Asian markets, according to the Saudi Press Agency.
It has also signed a partnership with Singapore-based Climate Bridge International to serve as a consulting partner. The two parties will collaborate to enhance and expand carbon projects in the Kingdom and Global South countries.
Climate Bridge International specializes in designing and implementing strategies aligned with climate efforts, including carbon project development, sustainability innovation, policy development support, and fostering multilateral cooperation.
The partnerships with both Marubeni and Climate Bridge International reinforce RVCMC’s role as a leading global platform characterized by high transparency and integrity, connecting carbon credit buyers and suppliers across regions while expanding access to reliable, high-quality climate solutions.
