Net Zero Emissions in Saudi Arabia by 2060: Least-Cost Pathways, Influence of International Oil Price, and Economic Consequences

This paper presents possible net zero emissions (NZE) trajectories for Saudi Arabia at horizon 2060 and analyzes their possible economic consequences. We use an in-house hybrid forward-looking general equilibrium model of the Saudi economy. We construct a baseline scenario where the Saudi energy sector continues its current trends and where the domestic energy prices, which are administered by the government, remain at their 2019 level.