Saudi Arabia aims to achieve net zero emissions by 2060

Saudi Arabia aims to achieve net zero emissions by 2060

Mohammed bin Salman bin Abdulaziz, Crown Prince and Deputy Prime Minister of Saudi Arabia, announced that the kingdom aims to reach Net Zero by 2060 through a Carbon Circular Economy approach. The announcement was made as part of the Crown Prince’s opening remarks at the inaugural edition of the annual forum of the Saudi Green Initiative (SGI) in Riyadh on Saturday. Mohammed bin Salman who is also the chairman of the Supreme Committee for Green Saudi Arabia announced the launch of the first package of qualitative initiatives to set a roadmap for protecting the environment and confronting climate change. This first package of initiatives represents investments worth more than SAR700bn, which contributes to developing the green economy, creating job opportunities and providing significant investment opportunities for the private sector in accordance with the country’s Vision 2030. He pointed out that the country has launched initiatives in the energy sector designed to reduce carbon emissions by 278 million tons annually by 2030, thus voluntarily more than doubling the targeted emissions reduction, reported state-run . He confirmed the start of the first phase of afforestation initiatives by planting more than 450 million trees, in addition to rehabilitating eight million hectares of degraded