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by Institute for Global Dialogue

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Categories: In The News

by Institute for Global Dialogue

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Saudi Arabia To Diversify Oil Economy To Combat Climate Change

The petroleum exporter giant announced that they will be making plans to diversify its economy to contribute in the global effort.

Saudi Arabia is the last of the 20 major economies to submit a proposal to the United Nations (UN) before the climate change summit in Paris. The country did not give details on the rate of its carbon emissions, but the World Resources Institute, a US-based environmental think tank, estimate that Saudi Arabia produces around 527 million tons of carbon emissions a year.

The fact that the kingdom submitted plans reducing their carbon footprint is already a big deal and is considered as good sign for the success of the Paris summit. Since Saudi Arabia’s economy is largely dependent on its crude oil industry, it has made previous efforts to decrease carbon emissions.

Available at: http://www.techtimes.com/articles/105433/20151112/saudi-arabia-to-diversify-oil-economy-to-combat-climate-change.htm 

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