Purpose & Objective

Saudi Arabia's Greenhouse Gas Crediting & Offsetting Mechanism

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.