Review the economic data to define Economic Sectors relevance in the form of economic activity in Saudi Arabia. The review should highlight the contribution of each sector towards the total GDP in the Kingdom in SAR value. – Identify and review a national GHG inventory that can be used to ascertain contribution to GHG emissions for the aforementioned.

Assignment Question

Taxonomy Framework Recommendation | Sustainable Finance

The aim of this deliverable is to recommend Sectors and Industry codes that shall be considered in the creation of the sustainable Taxonomy Framework for Saudi Arabia. There should be consideration around interoperability, which is required when selecting the appropriate sector codes. You have to deliver the following: – Review the economic data to define Economic Sectors relevance in the form of economic activity in Saudi Arabia. The review should highlight the contribution of each sector towards the total GDP in the Kingdom in SAR value. – Identify and review a national GHG inventory that can be used to ascertain contribution to GHG emissions for the aforementioned As an output of the first two actions; you need to recommend the following: – Recommend priority sectors for Climate Change Mitigation to be included at the first instance into the Taxonomy Framework – Recommend the enabling sectors supporting Climate Change Mitigation to be included at the first instance into the Taxonomy framework (once developed). *useful references can include: Saudi Arabia Vision 2030, Saudi Arabia GHG inventory, Saudi Arabia environmental objectives, Ministry of Energy data, EU taxonomy, ASEAN Taxonomy, China Taxonomy, Singapore Taxonomy, Colombian Taxonomy, South African Taxonomy *to give you more context, this is a task for a committee to develop a Saudi taxonomy tailored to Saudi Arabia and the initial focus is on the climate change mitigation environmental objective. Thus, please make sure that the recommendations are backed up by realistic and correct references and data that are real and correct. The recommendations need to be back up by evidence. *ensure that you tailor the recommendations to the context of Saudi Arabia and ensure you capture and cover the transition finance parts. Transition sectors need to be prioritized as you are aware. I’m expecting, detailed background of KSA economic sectors and their specific contributions to GDP and GHG inventory. I want numbers for the GHG emissions and other relevant data. And then based on that you need to recommend the priority sectors to focus on based on climate change mitigation environmental objective tailored to Saudi Arabia and then recommend the enabling sectors as wells use references from other taxonomisni mentioned in your in depth research. Also you need to recommend the industry codes to be used. And focus on interoperability in this recommendation so you need to look for other taxonomies and what they use. Make sure to use tables of data, share, pie charts, figures, statistics and a lot of numbers so that the recommendations make sense.

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