Erik Ringvold - Chief Business Development Officer, VCM

VCM is expanding its carbon market into Asia, focusing on partnerships to scale action and reduce emissions. Agreements are signed with Asian players, including Marubeni Corporation and ClimateBridge. Erik Ringvold explains that VCM is building a regional hub for carbon markets in the GCC and Manor region, aiming to become a major global player. The company is initiating an electronic waste recycling project to reuse valuable materials and reduce energy consumption. Carbon credits are crucial for overcoming the financial hurdles in e-waste recycling. VCM's goal is to help corporations and Saudi Arabia achieve net-zero goals. Partnerships are vital for bringing capital and expertise to innovative projects like e-waste recycling and low-carbon cement. Ringvold notes that 25% of their carbon credits come from Asia, emphasizing the importance of Asian partnerships. The FII Priority Summit has been beneficial for networking and fostering new partnerships.