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Saudi arabia climate policy report
Saudi Arabia is almost entirely reliant on domestic oil for its energy needs and economic development. While it has pledged to increase renewable energy to 33% by 2032, it currently obtains most of its government revenue from oil exports. At UN climate conferences, Saudi Arabia has historically taken an obstructionist position and demanded compensation from developed countries for any potential economic losses from climate change mitigation efforts. It views itself as a developing country without binding emissions targets and wants to maximize profits from its large oil reserves before transitioning to renewable energy.
Saudi arabia climate policy report
- 1. Saudi Arabia Climate PolicyReport Domestic climate and energy policies, role in the UN conference(s)
- 2. Climate and EnergyPolicies Current *Almost entirely reliant on domestic oil for energy, development *Price for energy remains low even as electricity usage has risen over the last decade. *75-80% of domestic revenue from oil exports, 20-25% of world’s known crude oil reserves 2005: ratify KY, recognize man- made climate change Proposed Saudi Arabia vowed this year to spend $110 billion to move forward towards 33% renewable energy by the year 2032 Desert makes solar energy a major possibility. SA vows to become a leading solar energy exporter in future decades.
- 3. Oil Pipeline Because apresentation should have at least one picture.
- 4. Role in theUN Conferences Notoriously obstructionist and uncooperative, has challenged science in the past No binding targets as a non-Annex I nation SA is considered to be a developing country Key negotiator-Mohammad al Sabban (see picture)
- 5. Conference Demands Compensationfrom Annex I nations for mitigation and adaptation to a warmer world Anticipates continued usage of fossil fuels, desire to maximize profit from domestic oil reserves At times have demanded recuperation for potential/perceived losses due to countries using more renewable energy Has suggested credits for instating carbon capture program in depleted Saudi oil wells
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- 7. Personal Assessment Iscomplete oil extraction compatible with measures to combat climate change? Oil prices are artificial; this is about maximizing profits, not about development Saudi Arabia is a “developing” country?? GDP high, abundant fossil fuels, but this is what happens in a corrupt oligarchy What will Saudi Arabia do when the oil runs out???????