The Greenhouse Gas Crediting and Offsetting Mechanism (GCOM) in Saudi Arabia, announced in October 2023 at the MENA Climate Week and set to launch in early 2024, is a voluntary, project-based initiative designed to reduce greenhouse gas emissions and promote sustainability within the country. GCOM aims to incentivize emission reduction and removal activities across various sectors, aligning with Saudi Arabia's ambitious climate goals, including its target to achieve net-zero emissions by 2060.