Saudi Arabia

Country indicators

GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)

GDP per capita
(USD):

19,390.02

Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)

Fossil fuel subsidies (USD, billions):

27.55

Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)

Fossil fuel subsidies
(% of GDP):

4.01

Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)

Fossil fuel subsidies with externalities (% of GDP):

-14.34

Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)

Revenue from environmentally related taxes (% of GDP):

n/a

Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)

Carbon Pricing Gap
(%):

n/a

News

Saudis and Europeans reach compromise on climate as G20 projects unity

2020-11-30

EU leaders endorsed Riyadh’s contentious “circular carbon economy” vision at the G20 summit, in exchange for a renewed commitment to phasing out fossil fuel subsidies

Going green after COVID-19 will help MENA economies recover better (World Bank Blogs)

2020-07-27

The coronavirus crisis is a window of opportunity to transform the economy and especially, to make it “green.” Previous economic crises such as the financial crisis

Stories from G20 Countries: Shifting Public Money out of Fossil Fuels (IISD)

2019-01-02

Group of 20 (G20) governments have committed to ending government support to fossil fuels through a number of reform pledges. Some countries have made progress

Reports

Navigating Political Hurricanes in the MENA Region: Energy Pricing Reform in a Context of Changing Social Contracts (Center on Global Energy Policy)

2017-04-21

This report from the Columbia Center on Global Energy Policy analyzes the political economy of energy pricing reforms in the Middle East and North Africa since the

Saudi Arabia

Country indicators

News

Saudis and Europeans reach compromise on climate as G20 projects unity

Going green after COVID-19 will help MENA economies recover better (World Bank Blogs)

Stories from G20 Countries: Shifting Public Money out of Fossil Fuels (IISD)

Reports

Navigating Political Hurricanes in the MENA Region: Energy Pricing Reform in a Context of Changing Social Contracts (Center on Global Energy Policy)

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