G20 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 September 17, 2019 and as state oil firm Aramco plans to go public. Speaking at Aramco conference in Riyadh , REUTERS/ Prince Abdulaziz Sylvia Westall said that the country’s energy price and efficiency reforms will help reduce local demand by as much as two million barrels per day of oil equivalent by 2030 , compared to previous estimates.
G20 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 September 17, 2019 and as state oil firm Aramco plans to go public. Speaking at Aramco conference in Riyadh , Prince Abdulaziz Sylvia Westall said that the country’s energy price and efficiency reforms will help reduce local demand by as much as two million barrels per day of oil equivalent by 2030 , compared to previous estimates.