Saudi Arabia intends to launch a carbon trading initiative as part of broader plans to diversify its energy supplies and reduce emissions. (Reuters) - Saudi Arabia plans to launch a carbon trading scheme as the G20 member aims to diversify its energy supplies and reduce carbon emissions, Climate change has become an increasingly important priority within the kingdom as it prepares to host the G20 in 2020 and as state oil firm Aramco plans to go public. The government is also looking at ways to increase renewable energy, including solar power and wind power.
Saudi Arabia intends to launch a carbon trading initiative as part of broader plans to diversify its energy supplies and reduce emissions. Climate change has become an increasingly important priority within the kingdom as it prepares to host the G20 in 2020 and as state oil firm Aramco plans to go public. The government is also looking at ways to increase renewable energy, including solar power and wind power.