Oman affirms implementation of energy transition plan, investments worth more than $190bn by 2050

Oman affirms implementation of energy transition plan, investments worth more than $190bn by 2050

Sharm El Sheikh: The Sultanate of Oman has affirmed its commitment to support international efforts to cut down carbon emissions, alleviate the negative effects of climate change and implement a plan for energy transition and decarbonisation with investments of more than $190 billion by 2050.

This was unveiled by Abdullah Nasser Al Rahbi, Oman’s Ambassador to the Arab Republic of Egypt and its Permanent Representative at the Arab League during a speech before the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) at Sharm El Sheikh in Egypt.

In his speech, Al Rahbi pointed out that Oman announced last October it set the year 2050 as the net zero carbon emissions deadline for all development sectors. “To this effect, Oman initiated a chain of detailed workshops and meetings between stakeholders at the national level,” Al Rahbi added.

Al Rahbi explained that Oman started to prepare a roadmap that includes cutting down emissions of specific projects across various sectors such as renewable energy projects, energy efficiency projects and projects involving gas-burning operations and methane emissions by using advanced monitoring techniques like satellites and thermal cameras.

Oman is finalising a national policy for an energy transition that focuses on