Flickering black pixels in the Game View when Volumetric Clouds with Local Clouds are enabled in an HDRP project

Reproduction steps:

1. Open the attached project
2. Open the “/Assets/OutdoorsScene.unity” Scene
3. Enter the Play Mode
4. Observe the Game View

Expected result: No artifacts are seen
Actual result: Black pixel flickering artifacts are seen

Reproducible with: 12.1.17 (2021.3.8f1), 13.1.8 (2022.1.13f1), 14.0.3 (2022.2.0b4), 15.0.0 (2023.1.0a6)
Could not test with: 10.9.0 (2020.3.37f1) - Volumetric Clouds are not supported

Reproducible on: Windows 10 (21H2)

Note: Artifacts don’t appear when Volumetric Clouds are disabled