INVESTING IN THE KINGDOM OF SAUDI ARABIA’S CLEAN CARBON FUTURE
His Royal Highness Prince Mohammed bin Salman, Deputy Crown Prince of Saudi Arabia, unveiled his “Saudi Vision 2030” to reduce the Kingdom’s reliance on oil.
On 10 November 2015, the Saudi government stated the desire 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”.
A long carbon credit position is a financial hedge for oil revenue declines (caused by a global shift away from fossil fuels).
A carbon investment is a ‘green’ investment and demonstrates a pro-active stance on the issue of climate change.
The Paris accords indicate that every country acknowledges that they must manage their carbon risk down. A carbon credit purchase can be a hedge for the price risk of a future carbon constrained world.