Paul Zakkour was a director of the consultancy Carbon Counts and a visiting researcher at KAPSARC. Paul has more than 17 years’ experience in the field of climate change policy, regulation and economics. Among other work, Paul advised on the design of European CCS regulations in 2007/08 and on the UNFCCC’s CCS rules under the clean development mechanism in 2010/11. Paul holds a Ph.D. in Environmental Technology from Imperial College, London.

Carbon Markets and Saudi Arabia: A Review of Options and Analysis of Carbon Crediting Potential
The Kingdom of Saudi Arabia has been taking steps towards carbon market development to stimulate domestic and international climate action. In 2022, the government announced a domestic greenhouse gas (GHG) crediting mechanism – the Greenhouse Gas Crediting and Offsetting Mechanism (GCOM) – which will be the first government-led carbon crediting mechanism to be set up in the Gulf region. In parallel, Saudi Arabia’s largest sovereign wealth fund, the Public Investment Fund (PIF), has established the Regional Voluntary Carbon Market Company (RVCMC) that is providing a marketplace for internationally traded carbon credits.
9th March 2025