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Saudi Arabia will launch, early next year, a mechanism allowing companies to offset their emissions by buying credits from projects that voluntarily cut or remove greenhouse gas emissions. The Kingdom announced the Greenhouse Gas Crediting and Offsetting Mechanism (GCOM) on Monday at MENA Climate Week 2023, currently taking place in Riyadh. “This step reflects the Kingdom’s leading role in the region in addressing climate challenges and enabling institutions to tackle their emissions. It’s also part of the Kingdom’s efforts to…