6th Edition of the Future Investment Initiative (“FII”) :Public Investment Fund announced the auction resulted in 1.4 million tons of carbon credits, in the largest-ever carbon credit sale

The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, was announced as a successful bidder at the Voluntary Carbon Market Initiative Auction on the First day of the 6th Edition of the Future Investment Initiative (“FII”) in Riyadh. The Public Investment Fund (“PIF” or the “Fund”) announced the auction resulted in 1.4 million tons of carbon credits, in the largest-ever carbon credit sale, according to their resources.

ITFC was among other 15 Saudi and regional entities.