Saudi Arabia Joins Climate Change Effort
Saudi Arabia—the world’s biggest crude oil exporter—has become the last of the G20 countries to submit an emissions pledge in the run up to the United Nations Climate Change Conference in Paris, Nov. 30–Dec. 11. The desert kingdom said it will avoid up to 130 million tons of carbon dioxide equivalent per year by 2030 but whether from existing or projected pollution levels is unclear, and the target is conditional on diversification of the country’s fossil fuel-reliant economy.
Though its commitments are hazy, the pledge is considered symbolically important because Saudi Arabia has been reluctant to fight climate change. References to plans to invest in renewable power and energy efficiency represent an enormous pivot for a country dependent on oil for 90 percent of its exports and holding some 16 percent of the world’s oil reserves.
Other emissions-related measures include plans to build a plant to capture and use 1,500 tons of carbon dioxide a day in other petrochemical plants and to explore and produce natural gas.
“These measures focus on harnessing the mitigation potential in a way that prevents ‘lock in’ of high-GHG infrastructure,” the submission said.
At an informal three-day meeting in Paris ending Tuesday, representatives of 70 countries took steps toward resolving two disagreements that could undermine a climate treaty: financing for developing countries to tackle climate change and increased emissions reduction commitments. Participants established that the $100 billion a year in grants and loans provided to poorer states starting in 2020 should be a minimum, and they discussed the possibility of expanding the number of donor countries. Progress was made on how to revise commitments to make additional emissions cuts, given that current pledges will be insufficient to meet the goal of limiting global warming to 2 degrees Celsius.
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