Saudi Arabia, a major oil producer, announces Net Zero by 2060 | World

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AYABATRAW YAP communication

Dubai, United Arab Emirates (AP) —Saudi Arabia, one of the world’s largest oil producers, has announced that it aims to achieve “net zero” greenhouse gas emissions by 2060. .. -Caused climate change.

The announcement made by Crown Prince Mohammed Bin Salman in a brief script at the start of Saudi Arabia’s first Saudi Green Initiative Forum was the timing of a splash just over a week before the start of the global COP26 Climate Conference. It was held in Glasgow, Scotland.

The kingdom aims to reduce its emissions, but Prince Mohammed said the kingdom would do so through the so-called “carbon circular economy” approach. That approach still focuses on unreliable carbon capture and storage technologies, rather than efforts to actually reduce global reliance on fossil fuels. This announcement is only relevant to Saudi Arabia’s efforts within the border and will not affect continued aggressive investment in oil or fossil fuel exports to Asia and other regions.

“The transition to net zero carbon emissions is a Kingdom initiative in enhancing the safety and stability of the global energy market, especially considering the maturity and availability of the technologies needed to manage and reduce emissions. It is provided in a way that maintains a key role, “the statement said. The Saudi Green Initiative Forum said.

Saudi Arabia, a major oil producer, announces Net Zero by 2060 | World

Source link Saudi Arabia, a major oil producer, announces Net Zero by 2060 | World