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Saudi Arabia says will diversify oil economy to slow climate change

Kevin Goodings by Kevin Goodings
11/27/2022
in World Media
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OSLO, Nov 10 (Reuters) – Saudi Arabia, the world’s largest crude oil exporter, plans to diversify its economy to help combat climate change in a strategy that could avoid up to 130 million tonnes of carbon emissions a year by 2030, the government said on Tuesday.

Saudi Arabia is one of the last major greenhouse gas emitters to submit a plan to the United Nations before a summit in Paris starting on Nov. 30 to rein in greenhouse gas emissions.

“The actions and plans outlined in this submission seek to achieve mitigation co-benefits ambitions of up to 130 million tons of carbon dioxide equivalent avoided by 2030 annually through contributions to economic diversification and adaptation,” it said. (Reporting by Alister Doyle; editing by Jason Neely)

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