Today we are announcing that we will launch the greenhouse gases and crediting scheme at the beginning of next year. Finishing up Article 6 rulebook had enabled us to be here today and making this announcement.
The purpose of establishing the GCOM in the Kingdom is to achieve specific national emission reduction and/or removal levels, aligned with Saudi’s ambitious climate goals, in the most cost-effective manner. It aims to increase cooperation among national entities seeking to fulfil their climate ambitions by helping to mobilize finance in all sectors for a variety of projects and activities. The GCOM also aims to drive positive social, environmental and economic impacts beyond emission reductions or removals.
The ultimate objective of the GCOM is to drive progress towards a path to net zero emissions by allowing interested companies and entities to offset their greenhouse gas emissions by purchasing credits and/or certificates from project proponents that voluntarily reduce or remove greenhouse gas emissions. The Mechanism is also meant to promote high-quality credits and/or certificates by providing guidance, transparent infrastructure, and best practices, including for project-level accounting.
Helping to mobilize finance in all sectors for a variety of projects and activities
Achieve specific national emission reduction and/or removal levels, aligned with Saudi’s ambitious climate goals, in the most cost-effective manner
Increase cooperation among national entities seeking to fulfil their climate ambitions
Drive positive social, environmental and economic impacts beyond emission reductions or removals
Submitting a GCOM project requires that you create an account first. If you are not registered, register here .
If you are having an expertise as VVB, please apply to become our accredited professional.
We invite you to share your valuable insights, suggestions, or any concerns you may have.
Please visit the Registry to select the project for which you want to provide feedback to us.
For a project activity to be eligible under the GCOM, The Project Proponent shall refer to the GCOM Project Development Process outlined below, and proceed according to the outlined steps for registration and issuance of credits
