KSA achieves fourth-fastest emissions reductions in G20

The King Abdullah Petroleum Studies and Research Center (pictured), an independent, nonprofit institution located in Riyadh, released an analysis of the IEA data at COP25, held last week in Madrid.
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Updated 22 December 2019

KSA achieves fourth-fastest emissions reductions in G20

Data recently released by the International Energy Agency (IEA) has shown that Saudi Arabia lowered its emissions by 15 million tons (Mt) of carbon dioxide (CO2) or by 2.7 percent in 2018, giving it the fourth-fastest fall in emissions in the G20 group of countries behind Mexico, Germany and France. This is significant as it is Saudi Arabia’s first large policy-induced reduction in CO2 emissions. 

The King Abdullah Petroleum Studies and Research Center (KAPSARC) released an analysis of the data at the 25th Conference of the Parties to the United Nations Convention on Climate Change (UNFCCC), known as COP25, held last week in Madrid. 

Dr. Nicholas Howarth, a co-author of the report, said that 74 percent of the fall was attributable to improving energy intensity and 26 percent due to a fall in the carbon intensity of the economy as the Kingdom lowered its domestic consumption of oil.

“Energy efficiency and structural reform policies are combining to lower the Kingdom’s energy intensity, lifting energy productivity. This has been the most significant driver of lower CO2 emissions in the Kingdom,” he said.

Thamir Al-Shehri, another author of the analysis, said that in 2018, Saudi Arabia’s emissions were stable or falling in all energy-consuming sectors of the economy, with transport delivering the majority of the reductions, falling by 13.25 MtCO2 or 11 percent compared with the year before. The share of natural gas in the fuel mix, which is 25 percent less carbon-intensive than oil, has also risen from 32 percent in 2015 to 38 percent in 2018. 

“Energy price reforms and stronger energy efficiency standards have combined to stabilize and lower the Kingdom’s historically fast emissions growth in the last three years. What we see in the data is the first signs of the energy transition toward more sustainable use in action,” Al-Shehri said. 

Co-author Dr. Alessandro Lanza said the amount of crude oil burned to produce electricity has fallen by around 10 percent each year for the last three years, diesel consumption fell by 15 percent in 2017 and 12 percent in 2018, and total oil products consumed fell by 7 percent in 2018.

“This has the dual benefit of freeing up valuable oil for higher value uses in petrochemicals and export, in addition to lowering the Kingdom’s CO2 emissions,” Dr. Lanza said. “It also shows how climate policies can be aligned with supporting economic growth and Saudi Arabia’s Vision 2030 goals.”

Ford, MYNM deliver 300 Taurus & Explorer vehicles

Updated 02 July 2020

Ford, MYNM deliver 300 Taurus & Explorer vehicles

Ford and Mohamed Yousuf Naghi Motors Co. (MYNM) recently secured a deal with LUMI rent-a-car to supply the integrated travel service provider with 300 vehicles. The delivery of 200 Ford Taurus 2-liter Ambiente and 100 Ford Explorer 3.5-liter XLT AWD was completed in May.

These new units, which join LUMI’s fleet of more than 1,000 Ford and Lincoln vehicles, have been sourced specifically for a lease deal. 

Ahmad Al-Kahwaji, country director Saudi Arabia, Ford Direct Markets, said: “The all-new Taurus boasts class-leading levels of comfort, technology, and safety for business owners and families, while the Explorer’s exceptional track record for power, reliability and capability complements LUMI’s growing fleet of Ford vehicles. We’re proud that the company would choose Ford’s flagship sedan and spacious seven-seater SUV for its lease deal.”

“It’s crucial for Ford to have a trusted distributor network,” Al-Kahwaji added. “And as a well-respected and prominent family business that has established itself as an industry leader in the Kingdom, MYNM has continually displayed its top-tier credentials, and proved a perfect fit for Ford.”

Though based in Jeddah, MYNM’s operations are widespread, and since joining Ford as its second distributor in the Kingdom, has continued to grow the brand’s presence by offering an excellent customer experience journey, and by completing coveted fleet deals such as the LUMI contract.

Essam Haddad, Ford key accounts manager, MYNM, said: “Ford is known for its quality and trustworthiness, and we’re proud to be able to provide LUMI with 300 well-crafted vehicles to utilize as part of its lease agreement with government departments. The ownership journey experience with Ford and MYNM doesn’t end when the customer leaves the showroom; it continues through extended service plans, highly trained technicians, and award-winning after-sales services.”

“As part of the Seera Group providing leading integrated travel services throughout the Middle East, it’s important that what LUMI offers its clients is comfortable, efficient, reliable and capable,” said Azfar Shakeel, vice president of LUMI. “Ford vehicles provide the characteristics we look for to ensure our business can operate smoothly, evidenced by our decade-long relationship with Ford and MYNM.”

Ford has a long history of supporting business in Saudi Arabia, across the Middle East and through its distributor network.

Lumi, which is part of Seera Group, was established with the aim of providing a wide range of vehicle leasing and car rental solutions to domestic and international travelers as well as corporate clients and government departments across the Kingdom.