G20 Scorecard of Fossil Fuel Funding: Saudi Arabia
The Kingdom of Saudi Arabia scores the lowest of the G20 non- Organisation for Economic Cooperation and Development [OECD] member countries due to its continued support for oil and gas production and fossil fuel-based power, predominantly due to large capital expenditure (capex) from its state-owned enterprises (SOEs) and continued support for fossil fuel consumption via low energy prices.
To learn more, see our full report Doubling Back and Doubling Down: G20 scorecard on fossil fuel funding.
You might also be interested in
Saudi Arabia's grandiose climate plans struggle to take off
When Crown Prince Mohammed bin Salman announced Saudi Arabia’s "green initiative" this year he did so with the type of eye-catching pledge that has come to characterise the young royal's grandiose plans to modernise the kingdom.
Canada, Saudi Arabia named ‘worst performers’ in report on fossil fuel funding
Canada and Saudi Arabia are the “worst performers” amongst their respective peers when it comes to the scale of support for oil and gas production, a new report says.
Doubling Back and Doubling Down: G20 scorecard on fossil fuel funding
This study tracks, for the first time, each G20 country's progress on ending support for fossil fuels—ranking their transparency, commitments, and financial support to oil, gas, and coal.
Ditching fossil fuel subsidies can trigger unrest. Keeping them will kill the climate
When protests swept Kazakhstan earlier this month, they were fueled by frustration with the ruling elite and entrenched inequality. But the unrest was sparked by a specific catalyst: an end to a government subsidy.