What is Carbon Crediting?
Carbon credits are issued by certified bodies and used to offset carbon emissions by supporting projects that reduce, avoid, or remove carbon from the atmosphere. One carbon credit represents one ton of CO2 equivalent emissions.
Rather than imposing taxes on companies that emit significant CO2, carbon credits allow them to offset their carbon footprint by investing in sustainable projects. Carbon credits are sold on the carbon market at a variable price, which can be influenced by market conditions. For example, the Regional Voluntary Carbon Market Company (RVCMC) currently sets a price of $10 per credit.
Why Carbon Crediting?
Saudi Arabia is building a strong Voluntary Carbon Market (VCM), supported by the Public Investment Fund (PIF). This, along with the Saudi Green Initiative and the Clean Development Mechanism, is streamlining the carbon crediting process and creating new opportunities for businesses to support sustainability efforts.
Companies with environmentally friendly projects can receive funding for their positive impact by selling carbon credits, contributing to both global climate goals and their business growth.
Why CarboSol?
CarboSol is your trusted partner in Saudi Arabia, offering comprehensive carbon crediting solutions. We leverage local and global expertise and partnerships to ensure that your projects generate certified carbon credits. With our success-based pricing model, we ensure a seamless and rewarding carbon crediting journey.
Ready to start your carbon crediting journey? Contact us today and explore how we can help your business contribute to a sustainable future.
