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News Yanbu Cement participates in largest ever Saudi Arabian carbon credit sale

Yanbu Cement participates in largest ever Saudi Arabian carbon credit sale

Written by Global Cement staff 14 November 2022
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Saudi Arabia: Yanbu Cement was among successful bidders in Saudi Arabia's largest carbon credit auction to date earlier in November 2022. The Saudi Public Investment Fund (PIF)’s Voluntary Carbon Market Initiative Auction sold 1.4Mt-worth of carbon credits to 15 different entities, of which Yanbu Cement was the only cement sector representative. The PIF said that the sale will support the country's Saudi Vision 2030 development goal, while also advancing its progress towards net zero CO2 emissions by 2060.

Last modified on 16 November 2022
Published in Global Cement News
Tagged under
  • Saudi Arabia
  • CO2
  • Sustainability
  • Yanbu Cement
  • auction
  • Emissions
  • Emissions Trading Scheme
  • Strategy
  • target
  • net zero
  • GCW583
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