Abstract
In response to the growing interest in carbon markets in Saudi Arabia, KAPSARC implemented a study to better characterize and understand the potential for carbon crediting in the Kingdom. The focus was specifically on providing estimates of the potential for supply and demand of carbon credits, drawing on current voluntary corporate commitments by domestic firms and various assumptions related to the emissions abatement potential in selected sectors. This paper is laid out as follows: Section 2 provides background on carbon markets and considers the latest developments in various parts of the world. Section 3 presents the landscape of carbon markets in Saudi Arabia and provides estimates of potential carbon credit supply and demand. Section 4 draws on these to provide key findings and recommendations.
