RIYADH: Saudi Tadawul Group and the Regional Voluntary Carbon Market Co. have announced the first sustainability-focused edition of the Capital Markets Forum, titled “Select — Red Sea,” the Saudi Press Agency reported.
The announcement was made at an event in Riyadh attended by officials from the capital markets, sustainability and corporate sectors.
The forum, to be held on Nov. 24, will bring together investors, companies, policymakers, market participants and sustainability leaders to explore the growing links between capital markets, climate finance and carbon markets.
As part of the event, the Regional Voluntary Carbon Market Co. will host the first issuance of Saudi carbon credits on its platform later this year, marking a major milestone in the Kingdom’s voluntary carbon market. The credits will be generated from projects in Saudi Arabia.
Fadi Saad, the company’s chief executive, said the partnership will strengthen the role of climate finance and carbon markets in the Kingdom’s capital markets.
