One of the world’s largest oil producers, Saudi Arabia, has announced its goal of achieving “net zero” in greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try to curb change. man-made climate
DUBAI, United Arab Emirates (AP) – One of the world’s largest oil producers, Saudi Arabia, announced on Saturday that it aims to achieve net greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try to curb man-made climate change.
The announcement, made by Crown Prince Mohammed bin Salman in brief comments at the start of the kingdom’s first Saudi Green Initiative Forum, was scheduled to make an impact just over a week before the start of the COP26 global climate conference. held in Glasgow, Scotland.
Although the kingdom will aim to reduce its emissions, Prince Mohammed said the kingdom will do so through a so-called “circular carbon economy” approach. This approach focuses on carbon capture and storage technologies that are still unreliable compared to efforts to effectively reduce global dependence on fossil fuels. The announcement is only about Saudi Arabia’s efforts within its national borders and has no impact on its continued aggressive investments in oil and the export of its fossil fuels to Asia and other regions.
“The transition to net zero carbon emissions will be accomplished in a way that preserves the kingdom’s leading role in improving the security and stability of global energy markets, particularly considering the maturity and availability of the technologies needed to manage and reduce emissions.” , a statement by the Saudi Green Initiative forum said.
The kingdom’s oil and gas exports form the backbone of its economy, despite efforts to diversify away from reliance on fossil fuels for revenue.
The COP26 Global Summit, which begins on 31 October, will attract heads of state from around the world to try to tackle global warming and its challenges. It is described as “the world’s last best chance” to prevent global warming from reaching dangerous levels. The summit is expected to see a flurry of new commitments from governments and businesses to reduce their greenhouse gas emissions.
Leaked documents first reported by the BBC surfaced Thursday showing how Saudi Arabia and other countries, including Australia, Brazil and Japan, are apparently trying to water down an upcoming UN Scientific Committee report on global warming. The documents are allegedly proof of how some governments’ public support for climate action is undermined by their efforts behind closed doors.
Saudi Arabia rejected the recommendation to urgently eliminate fossil fuels from the energy sector. Instead, the kingdom is urging, thus allowing nations to continue burning fossil fuels by sucking up the resulting emissions from the atmosphere, according to Greenpeace, which obtained the documents.
The kingdom repeatedly tries to get the report’s authors to delete references to the need to phase out fossil fuels, as well as the panel’s conclusion that there is “a need for urgent and accelerated mitigation actions on all scales,” according to the leaked documents.
Earlier this month, the UAE – another major power producer in the Arabian Gulf – announced that they too will join the club of “net zero” nations with the goal of achieving net zero emissions by 2050. .
The UAE has not announced details on how to achieve this, but has said that the Ministry of Climate Change and the Environment will work with energy, economy, industry, infrastructure, transport, waste, agriculture and other sectors on government strategies and policies to achieve net zero by 2050.
The UAE claims to host three of the largest solar plants in the world and is the first country in the Middle East to use nuclear power.