The Impact of China’s Oil Cap Pathway on Saudi Arabia’s Economic Transition

On October 15, several leading Chinese research institutes released a joint study, “Research on China’s Oil Consumption Peak and Cap Plan” (ERI 2019). It analyzes China’s future oil demand and the policy instruments it could use to cap its use of oil. The latter would help China to manage domestic environmental pollution and limit global warming to 1.5 degrees Celsius (°C) above pre-industrial levels.