"The actions and plans outlined in this submission seek to achieve mitigation co-benefits ambitions of up to 130 million tons of CO2eq avoided by 2030 annually through contributions
to economic diversification and adaptation. These ambitions are contingent on the Kingdom’s
economy continuing to grow with an increasingly diversified economy and a robust contribution from oil export revenues to the national economy."
"A dynamic baseline will be developed on basis of a combination of two scenarios. One scenario assumes economic diversification with a robust contribution of oil export revenues, and the other on an accelerated domestic industrialization based on sustainable utilization of all indigenous resources including oil, gas and minerals."
(Source: http://www4.unfccc.int/submissions/INDC/Published%20Documents/Saudi%20Arabia/1/KSA-INDCs%20English.pdf)