Saudi Arabia won’t reach net zero emissions until 2060
Saudi Arabia is making a commitment to reduce its impact on the environment, although the timeframe won’t please critics. Reutersreports Crown Prince Mohammed bin Salman and energy minister Prince Abdulaziz bin Salman now expect Saudi Arabia to achieve net zero emissions by 2060. That’s behind the 2050 target for the EU, United Arab Emirates, US and other countries.
The kingdom hoped to reach net zero through a circular carbon economy program while trying to bolster the “security and stability” of the world’s oil markets. While the princes said Saudi Arabia would more than double CO2 emissions reductions by 2030, they maintained that the country needed time to “properly” conduct a transition.
The Crown Prince said there was a chance Saudi Arabia would hit its target before 2060, and state oil producer Saudi Aramco hopes to reach net zero by 2050. However, the country has been moving relatively slowly. It only opened its first renewable energy plant in April, and its first wind farm in August. It’s still planning its first hydrogen fuel plant.