Collaborate to explore carbon credit opportunities in the real estate sector
The regional Voluntary Carbon Market (VCM) today announced a strategic collaboration with… "Rushen" To evaluate opportunities to produce high-integrity carbon credits.
This supports Roshen Group’s broad sustainability goals.
Decarbonization Efforts
This collaboration represents an important advisory stage for the Voluntary Carbon Market Company, while strengthening its role as a trusted partner to the Kingdom in the carbon market, and supporting sector-wide decarbonization efforts.
Leveraging the company’s experience in carbon markets, project structuring, and credit issuance, the team will provide The consultant supported the Roshen Group in preparing a framework for developing high-integrity carbon credits, with the first phase focusing on evaluating the ability to reduce emissions resulting from water conservation technologies.
She noted the construction of this framework to transform the capacity to remove carbon emissions resulting from Roshen’s sustainable practices in its various business activities, including basic projects, into tradable carbon instruments.
This cooperation allows the Roshen Group to participate in the growing voluntary carbon market in the Kingdom, and opens up the possibility of benefiting from financing sources. alternative; This supports its commitment to providing assets and infrastructure that achieve efficient use of resources.
The Acting CEO and Head of Technology at the Voluntary Carbon Market Company, Fadi Saadeh, said: "The real estate sector is a fundamental focus of the Kingdom’s development ambitions, and sustainability must be an integral part of its essence"
He added: "This collaboration with the Roshen Group represents a milestone for the Voluntary Carbon Market, and clearly exemplifies how carbon market mechanisms can support sector-wide decarbonisation."
He pointed out that this cooperation reflects the continued momentum of the Voluntary Carbon Market Company in expanding the voluntary carbon market system in the Kingdom. This enables different sectors to participate in carbon financing, while supporting the Kingdom’s broader ambitions towards achieving net zero emissions.
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