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Saudi firms buy 2.2m tonnes of carbon credit in Nairobi auction

Regional Voluntary Carbon Market Company(RVCMC) CEO Riham Elgizy during the launch of voluntary carbon market second auction in Kenya. [Wilberforce Okwiri, Standard]

Companies from Saudi Arabia have bought over 2.2 million tonnes of carbon credits during the second regional voluntary carbon market auction in Nairobi.

The auction comes as governments across the world pile pressure on the private sector to lower their greenhouse gas emissions in the fight against climate change.

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