Climate Bridge International partners with Saudi VCM company to advance carbon market development

●   Climate Bridge International to provide advisory support to the Regional Voluntary Carbon Market Company (VCM) on accelerating carbon project development in Saudi Arabia and beyond

●   Collaboration will strengthen project origination, support high-integrity carbon credit supply and deepen confidence in the Kingdom’s emerging carbon market ecosystem

Climate Bridge International (CBI) and The Regional Voluntary Carbon Market Company (VCM) have announced a new partnership to accelerate the development of carbon projects in Saudi Arabia and beyond. VCM was established by the Public Investment Fund and Saudi Tadawul Group to develop a transparent, high-integrity voluntary carbon market and the institutional infrastructure needed to scale climate action at speed.

Under the agreement, CBI will act as an advisory partner to support the origination, design, and delivery of carbon projects, complementing VCM’s strengths in market infrastructure, advisory, and climate finance. Together, the organisations aim to accelerate the supply of trusted, high-integrity carbon credits and strengthen confidence in Saudi Arabia’s emerging carbon project development landscape.

CBI draws on the technical and market experience of Climate Bridge Group – one of China’s largest independent carbon project development and finance companies with over 18 years of market leadership and a track record spanning more than 500 projects and over 100 million tonnes of verified emissions reductions and removals transacted. Leveraging this foundation, CBI brings an agile, asset-light development model into new geographies, designing and developing carbon projects across Southeast Asia, Africa, and the Middle East. Its work is supported by Singapore’s Economic Development Board through the Carbon Project Development Grant, which strengthens early-stage feasibility and origination of robust Article-6 aligned carbon project pipelines.

Alvin Lim, Chief Executive Officer of Climate Bridge International, said: “Our work with VCM is about combining strengths – its market-building role with our project development expertise. Together, we can help shape a new generation of carbon projects in Saudi Arabia and beyond that are technically robust, investment-ready, and aligned with the highest integrity standards.”

Fadi Saadeh, Acting CEO of VCM, said: “We are pleased to partner with Climate Bridge International as our advisory partner. Their global expertise in carbon project development and climate-aligned strategy will help us accelerate our efforts to advance high-integrity climate solutions in Saudi Arabia and beyond.”

The partnership reflects growing international interest in Saudi Arabia’s efforts to build a world-class, transparent carbon market that connects buyers and suppliers across regions. VCM is expanding its collaboration network across Asia, strengthening ties with regional markets as the Kingdom deepens its role as a hub for high-integrity climate solutions. This momentum follows VCM’s launch of Saudi Arabia’s first carbon credit exchange platform in November 2024, bolstering institutional infrastructure and expanding access to trusted climate solutions.

The collaboration reinforces both organisations’ commitment to expanding credible carbon activity, bringing together shared expertise to accelerate climate action in Saudi Arabia and support global decarbonisation.