Saudi companies buy 2.2 million tonnes of carbon credits in Kenya auction

NAIROBI, June 14 (Reuters) - Companies from Saudi Arabia bought more than 2.2 million tonnes of carbon credits on Wednesday as the Kenyan capital hosted what organisers have billed as the world's largest sale of its kind.

Demand for carbon offsets, generated through projects such as tree planting or using cleaner cooking fuel, is expected to grow as companies seek to use the credits to help meet net-zero emissions goals.

Some 16 Saudi firms, including Aramco and Saudi Electricity Company, paid 23.50 Saudi riyals ($6.27) per metric tonne of carbon credits, auction organiser Regional Voluntary Carbon Market Company (RVCMC) said.