GPS News  
OIL AND GAS
Oil giant Saudi Arabia submits carbon-curbing pledge
by Staff Writers
Paris (AFP) Nov 10, 2015


Oil export giant Saudi Arabia submitted its pledge Tuesday to reduce greenhouse gas emissions, a move observers hailed as a step in the right direction.

In an action plan filed with the UN three weeks before a crucial climate conference in Paris, the world's biggest crude oil exporter said up to 130 million tonnes of carbon dioxide equivalent (CO2e) per year would be "avoided" by 2030.

It was not clear whether this meant a cut from existing or projected pollution levels.

Greenhouse gas emissions for the world last year, totalled just under 53 billion tonnes of CO2e.

Saudi Arabia is the fourth member of the Organisation of Petroleum Exporting Countries (OPEC) after Ecuador, Algeria and the United Arab Emirates to submit a carbon-curbing pledge.

It became the 157th country to submit its national pledge, dubbed Intended Nationally Determined Contributions or INDE. These will form the backbone of a 195-nation pact, due to be inked in Paris, to limit global warming.

Saudi Arabia made its target conditional on diversification of its fossil fuel-reliant economy. Petroleum revenue makes up roughly 90 percent of government income.

"These ambitions are contingent on the kingdom's economy continuing to grow with an increasingly diversified economy and a robust contribution from oil exports," the pledge said.

Saudi Arabia said its goal could be achieved by investing export income on growing other sectors like finance, medical services, tourism and education -- also renewable energy and energy efficiency technologies.

Some countries in the UN climate negotiating forum view Riyadh as an obstacle in the pursuit of a universal carbon-curbing pact, by virtue of its heavy reliance on oil sales.

Bill Hare, chief executive of the Climate Analytics thinktank, said this was the "first significant concession by Saudi Arabia to the international climate process."

"The Saudis may be sending a very first tentative signal that they're preparing for a post-oil economy... They have massive potential in renewables and would need to really unleash this," he told AFP.

But the pledge was an inadequate contribution to the global effort to climate change.

"As a wealthy country which would be hard hit by the impacts of global warming, Saudi Arabia could go much further, for example in the development of solar energy," said analyst Celia Gautier of Climate Action Network, a group of environment NGOs.

The overall goal of the Paris pact is to limit global warming to a relatively safe two degrees Celsius (3.6 degrees Fahrenheit) over pre-Industrial Revolution levels.

Scientists say the national pledges submitted so far, placed Earth on track for warming closer to 3 C, or more.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Dispersants fail: Half the spilled BP oil may be on Gulf floor
Athens, Ga. (UPI) Nov 10, 2015
New research suggests a chemical dispersant used in the wake of the BP oil spill failed to help, and may have actually hindered, the cleanup. A study led by researchers at the University of Georgia showed a chemical concoction thought to encourage the oil's breakdown, in fact, hampers the ability of microorganisms to naturally degrade the hydrocarbons. Scientists recreated the co ... read more


OIL AND GAS
New test for ancient DNA authenticity throws doubt on Stone Age wheat trade

Vibrating bees tell the state of the hive

Pineapple genome offers insight into photosynthesis in drought-tolerant plants

Climate change is good news for English wine

OIL AND GAS
A new slant on semiconductor characterization

Mimicing quantum entanglement with laser to double data speeds

Upgrading the quantum computer

The world's fastest nanoscale photonics switch

OIL AND GAS
Eurofighter program official says new upgrades are 'well advanced'

U.S. Air Force may delay retiring A-10 Warthog

NASA and US Army Mark 50 Years of Rotorcraft Collaboration

U.S. Army contracts Raytheon for FMS aircraft communications support

OIL AND GAS
Fitch slashes VW ratings over poor management of pollution fraud

Making cars of the future stronger, using less energy

Moody's downgrades VW as toll from emissions scandal grows

Nissan boosts annual outlook on new models, N.America sales

OIL AND GAS
Shanghai free trade zone director under investigation

China to push alternative trade pact at APEC: minister

Japan's six-month current account surplus quadruples

Record China trade surplus highlights struggle to boost demand

OIL AND GAS
Treetop leaves of tall trees store extra water

Peru creates huge national park in Amazon basin

OECD warns Brazil on environment, economy risks

After 5,000 years, Britian's Fortingall Yew is turning female

OIL AND GAS
RapidScat Celebrates One-Year Anniversary

Excitement Grows as NASA Carbon Sleuth Begins Year Two

NASA to fly, sail north to study plankton-climate change connection

Curtiss-Wright and Harris bring digital map solutions to rugged systems

OIL AND GAS
Researchers build nanoscale autonomous walking machine from DNA

New way of computing with interaction-dependent nanomagnets

Finally a promising natural nanomaterial

Umbrella-shaped diamond nanostructures make efficient photon collectors









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.