1.4 million tons of carbon credits successfully auctioned at the Voluntary Carbon Market Initiative during the Future Investment Initiative Conference

1.4 million tons of carbon credits successfully auctioned at the Voluntary Carbon Market Initiative during the Future Investment Initiative Conference

The Public Investment Fund (“PIF” or the “Fund”) today announced the successful auction of 1.4 million tons of carbon credits, in the largest-ever carbon credit sale that was held on the first day of the 6th Edition of the Future Investment Initiative (“FII”) in Riyadh. 

 

15 Saudi and regional entities took part in the auction and at the closing ceremony certificates were presented to the participants by Yazeed Al-Humied, Deputy Governor and Head of MENA Investments for their participation in the auction.