To date, Saudi Arabia doesn’t put a price on carbon emissions. Saudi Arabia neither has a carbon tax, nor a cap and trade system pricing mechanism in place. However, in October last year, the Saudi Energy Ministry announced plans to launch a carbon trading scheme as part of the kingdom’s goal to diversify its energy...
The UN Climate Change Conference, COP 25, took place this last December 2019 in Madrid, Spain. As part of the Paris Climate Agreement, Saudi Arabia was present and an active participant in discussions that were aimed at negotiating ambitious plans to limit global warming to 1.5 degrees C. Yet again, as in previous conferences, Saudi...
