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policy instrument
Greenhouse Gas Crediting and Offsetting mechanism
Jurisdiction countrySaudi Arabia
Instrument typecompliance-inclusion
Authoritygovernment
Scopecarbon removal and point-source capture
Statusproposed
DetailVoluntary and project-based initiative in line with Article 6 of the Paris climate agreement. Designed to incentivize emission reduction and removal activities on a large scale. Will cover both greenhouse gas and non-greenhouse gas metrics across all sectors. Open to public and private sectors, as well as subsidiaries of foreign firms. Unveiled at United Nations MENA Climate Week in Riyadh. Set to
Stated statusproposed
Pathway scopeall-cdr
Pathway notedesigned to incentivize emission reduction and removal activities on a large scale across all sectors, without naming specific pathways
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