Top Oil Exporter Saudi Arabia Targets Zero Carbon Emissions By 2060
Faizan Hashmi 1 month ago Sat 23rd October 2021 | 03:25 PM
Top crude exporter Saudi Arabia will aim to achieve net zero carbon emissions by 2060, its de facto ruler said on Saturday, days before the COP26 global climate summit
Riyadh, (UrduPoint / Pakistan Point News - 23rd Oct, 2021 ) :Top crude exporter Saudi Arabia will aim to achieve net zero carbon emissions by 2060, its de facto ruler said on Saturday, days before the COP26 global climate summit.
The kingdom, one of the world's biggest polluters, said it would also join a global effort to cut methane emissions by 30 percent by 2030.
"I announce today Saudi Arabia's target to reach net zero emissions by 2060 through its circular carbon economy approach," said Crown Prince Mohammed bin Salman in a recorded statement at the "Saudi Green Initiative" forum.
"I am pleased to launch initiatives in the energy sector that will reduce carbon emissions by 278 million tonnes annually by 2030, thus voluntarily more than doubling the target announced," said Prince Mohammed.
"We also announce the kingdom's accession to the Global Methane Pledge." A statement said Saudi Arabia would "contribute to cutting global methane emissions by 30 percent by 2030, as part of its commitment to deliver a cleaner, greener future".
The 2060 target would "enable us to have a smooth and viable transition, without risking economic or social impacts", Energy Minister Prince Abdulaziz bin Salman told the conference.
The announcements come a day after UN chief Antonio Guterres said the current climate situation was "a one-way ticket for disaster", stressing the need to "avoid a failure" at the COP26 climate conference in Glasgow.
The OPEC kingpin aims to reduce emissions by generating half of its energy from renewables by 2030, Prince Mohammed said at the time.
Saudi Arabia also declared it would designate new "protected areas".
The move brings "the total protected areas in the kingdom to more than 20 percent of its total area", Prince Mohammed said, adding the first set of green initiatives cost more than 700 billion Riyals ($186.6 billion).
It added that if those facilities are included, the company's self-reported carbon footprint could nearly double, adding as much as 55 million metric tonnes of carbon dioxide equivalent to its annual tally -- roughly the emissions produced by Portugal.