Saudi Arabia has launched a voluntary carbon market exchange platform as the kingdom transitions to a low-carbon economy. The Regional Voluntary Carbon Market Company (RVCMC), backed by the kingdom’s sovereign wealth fund, Public Investment Fund (PIF), will auction more than 2.5 million tonnes of “high-quality” carbon credits on the exchange platform on Tuesday, it said in a statement. The basket […]
The opening days of a UN climate change summit are when royals, presidents and prime ministers take the podium and proclaim the green ideals that set the tone for two weeks of talks. But big names will be missing from the stage at the Cop29 talks in Baku, Azerbaijan, with even environmentally minded leaders in the West distracted by […]
Cop29 has kicked off in Azerbaijan with the UAE handing over the presidency. It came during the opening plenary of the crucial talks in the country’s capital Baku. The baton passed to new Cop29 president Mukhtar Babayev, the country’s ecology and natural resources minister and who previously worked for the state oil company, Socar. Over the next two […]
