KSA Business: Saudi Arabia aims to achieve net zero emissions by 2060 – Gulf Digital News

KSA Business: Saudi Arabia aims to achieve net zero emissions by 2060 – Gulf Digital News

HRH Crown Prince Mohammed bin Salman Al Saud, the Head of the Higher Committee for the Saudi Green Initiative (SGI), launched the first set of SGI environmental initiatives at its inaugural annual forum, announcing the Kingdom aims to achieve net zero emissions by 2060.

 

He said Saudi Arabia aims to achieve net zero emissions by 2060 through the Carbon Circular Economy approach. This is based on the Kingdom's critical role in confronting shared international issues, its belief in the need for collaborative efforts to confront climate change and the necessity of the green transformation to deliver social and economic prosperity to the Kingdom.

 

HRH the Crown Prince continued by stating that Saudi Arabia’s ambition to reach net zero emissions aligns with the Kingdom’s economic diversification and development plans and the "Dynamic Baseline" for emissions reduction.

 

HRH the Crown Prince added that this first set of initiatives represents over SR700 billion ($186.63 billion) , contributing to the growth of the green economy.

 

He continued by saying that “The Saudi Green Initiative will provide huge investment opportunities for the private sector, quality job opportunities for the next generation of leaders in the Kingdom and enhanced international relationships that will have a positive impact on the region