Saudi Arabia's forecasted production-based CO2 emissions from 2024 to 2028 show a declining trend. The CO2 emissions in 2023 stood at 457.48 million metric tons. Year-to-year, from 2024 to 2028, emissions are expected to decrease, showing a reduction of approximately 1.4% annually from 2024 to 2025, 1.3% from 2025 to 2026, 1.2% from 2026 to 2027, and 1.1% from 2027 to 2028. The compound annual growth rate (CAGR) for this period implies an average annual decrease of about 1.4%.
Future trends to watch for include policies targeting renewable energy adoption, advancements in carbon capture technology, and global market reactions to oil demand fluctuations. These factors could significantly influence the trajectory of Saudi Arabia's CO2 emissions.
