Saudi Arabia’s RVCMC signs a MoU with Japan’s Marubeni. (Photo: RVCMC)
Saudi Arabia is sharpening its focus on Asia and the wider Global South as it seeks to position itself at the center of emerging carbon markets.
The state-backed Regional Voluntary Carbon Market Company (RVCMC) on Dec. 3 signed separate cooperation agreements with Japan’s trading house Marubeni and Singapore-based carbon finance firm Climate Bridge International (CBI), aiming to accelerate project development and expand its regional market footprint.
Saudi Arabia expands carbon-trading push in Asia
RVCMC said Marubeni is the first Japanese company to join its carbon-trading ecosystem, bringing additional supply channels to the platform. CBI will serve as a consulting partner to support project development in Saudi Arabia and across the Global South.
