Our reflections on GCOM carbon offsets within Saudi Arabia

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The announcement of the Greenhouse Gas Crediting and Offsetting Mechanism (GCOM) in Saudi Arabia marks a significant step in the country鈥檚 energy transition efforts. It builds upon the domestic market mechanism announced during the Saudi Green Initiative at COP27 in Sharm el-Sheikh, Egypt, in November 2022.

Graph of carbon market types and geographic relevance — In the context of the built environment, the primary application of carbon credits lies in offsetting emissions. Image: 国产探花.

But what exactly are carbon offsets, markets and credits? How can they help Saudi Arabia鈥檚 built environment sector? And what are the key enablers of an effective carbon market?

In the context of the built environment, the primary application of carbon credits lies in offsetting emissions. to learn about the application of GCOM within Saudi Arabia, and 国产探花鈥檚 reflection on how different countries approach carbon markets around the world.