Saudi Arabia provides grant to supply Syria with 1.65 million barrels of crude oil    Saudi interior minister calls Qatari counterpart to express full solidarity    King Abdulaziz Medal presented to Al-Dalbahi    Saudi Industrial Production Index rises 6.5% in July 2025    Campus killing lays bare America's bloody and broken politics    Qatari prime minister says Netanyahu 'killed any hope' for Israeli hostages    Trump responds to Russian incursion on NATO airspace with bemusement    At UNHRC, Saudi Arabia warns of dire consequences of Israeli violations    King Charles and Prince Harry finally reunite after 19 months apart    Tunisian president meets Saudi foreign minister in Tunis Prince Faisal co-chairs Saudi-Tunisian Political Consultation Committee meeting    Arcapita acquires C&K Paving, expanding its global business services portfolio    PIF chief says Saudi transformation could outpace China's, outlines 'filtration' investment process The Fund to unveil its next five-year strategy soon    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    PIF signs MoU with Macquarie Asset Management to boost investments in infrastructure and energy transition    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    French doctor goes on trial for poisoning 30 patients, 12 fatally    The key to happiness    Mike Tyson and Floyd Mayweather Jr. set to meet in exhibition boxing match in 2026    Al Hilal sign Turkish defender Yusuf Akcicek on €22m deal until 2029    Al Qadsiah sign German midfielder Julian Weigl to strengthen defensive midfield    Al Ahli secure Flamengo starlet Matheus Gonçalves in long-term deal through 2027    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



IEF commends Saudi Arabia For Net-Zero 2060 pledge
Published in The Saudi Gazette on 23 - 10 - 2021

The International Energy Forum (IEF) Secretary General Joseph McMonigle commended the Kingdom of Saudi Arabia on its pledge to reach net-zero carbon dioxide emissions by 2060.
Crown Prince Muhammad Bin Salman made the commitment at the launch of the Saudi Green Initiative (SGI) in Riyadh on Saturday, days before the start of the COP26 climate change conference due to be held in the UK on Oct. 31 – Nov. 12.
The Kingdom has also joined the Global Methane Pledge, he added. This commits countries to reducing methane emissions by 30 percent from 2020 levels by 2030.
"The IEF commends the leadership of the Kingdom of Saudi Arabia for this ambitious goal. It is a historic and momentous decision, backed up by a real commitment to implementation," said McMonigle.
The Crown Prince told attendees at the launch event: "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."
Providing further details, Prince Muhammad announced plans to cut carbon emissions by over 270 million tons per year, on the back of investments of more than SR700 billion.
Minister of Energy Prince Abdulaziz Bin Salman said the Kingdom had already made significant progress in reducing emissions from its oil and gas operations.
Moreover, Saudi Arabia is investing heavily in solar power, and is on track to become one of the world's top hydrogen producers, he added.
The Kingdom has submitted details of its Nationally Determined Contributions required by the COP26 meeting on Saturday, Prince Abdulaziz said.
The net-zero announcement brings the Kingdom, the world's top oil exporter, into line with other nations that have pledged to become net-zero by 2060, including China. Several other countries have pledged to achieve net-zero by 2050. — SG


Clic here to read the story from its source.