Saudi Arabia pledges to attain net-zero emission by 2060: Crown Prince

  • Date: 23-Oct-2021
  • Source: GCC Business News
  • Sector:Oil & Gas
  • Country:Saudi Arabia
  • Who else needs to know?

Saudi Arabia pledges to attain net-zero emission by 2060: Crown Prince



Representational Image

One of the world’s largest oil producers, Saudi Arabia has pledged to reach “net-zero” greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to control man-made climate change.

The announcement was made by His Royal Highness the Crown Prince Mohammed bin Salman Al Saud, the Head of the Higher Committee for the Saudi Green Initiative (SGI), in brief scripted remarks at the start of the kingdom’s first-ever SGI Forum, which comes ahead of the 26th UN Climate Change Conference of the Parties (COP26), in Glasgow.

HRH the Crown Prince announced a diverse set of initiatives in the Kingdom as a roadmap to protect the environment and address climate change challenges while achieving SGI’s ambitious targets.

“The Kingdom of Saudi Arabia aims to reach zero-net emissions by 2060 under its circular carbon economy program in accordance with the kingdom’s development plan while maintaining the kingdom’s leading role in strengthening security and stability of global oil markets,” Prince Mohammed said.

The first wave of initiatives that will deliver against the targets under the Saudi Green Initiative include programs that aim to achieve more than 278 million tonnes of carbon emissions per year, up from a previous target of 130 million