Top oil exporter Saudi Arabia vows zero carbon emissions by 2060
3 years, 2 months ago

Top oil exporter Saudi Arabia vows zero carbon emissions by 2060

Al Jazeera  

In advance of the global COP26 climate summit, Saudi Arabia announces it will reach ‘net zero’ greenhouse gas emissions by 2060. One of the world’s largest oil producers, Saudi Arabia, announced it aims to reach “net zero” greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try and curb man-made climate change. I welcome Saudi Arabia’s 🇸🇦 announcement that it will reach net zero by 2060 I hope this landmark announcement at #SGIForum will galvanise ambition from others ahead of #COP26 Look forward to the detail of Saudi Arabia’s revised NDC and working together to keep 1.5C in reach — Alok Sharma October 23, 2021 In making the announcement, analysts said the kingdom ensured its continued seat at the table in global climate change talks. Saudi Arabia said the transition to net-zero carbon emissions “will be delivered in a manner that preserves the kingdom’s leading role in enhancing the security and stability of global energy markets”.

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History of this topic

Saudi Arabia bets on tech to make deserts bloom
3 weeks, 1 day ago

Saudi Arabia bets on tech to make deserts bloom

Hindustan Times  

Saudi Arabia is investing in green innovation to transform its deserts, but accusations of greenwashing highlight the challenge of turning ambitious projects into climate solutions. Saudi Arabia bets on tech to make deserts bloom This week, Riyadh is hosting the United Nations COP16 conference on drought and desertification topics close to home for the Gulf kingdom, whose officials have said …

Would have liked to see more engagement among nations on climate change, says German Envoy
4 weeks ago

Would have liked to see more engagement among nations on climate change, says German Envoy

New Indian Express  

NEW DELHI: The German Ambassador to India Dr Philipp Ackermann on Wednesday said that the recently concluded COP 29 has been reduced to the question of financing, while Germany would have liked to see more engagement amongst nations. It would be pertinent now to think how you take it from there to the next level and that means in the …

Saudi Arabia Embraces Sustainable Growth at 8th Future Investment Initiative
1 month, 3 weeks ago

Saudi Arabia Embraces Sustainable Growth at 8th Future Investment Initiative

China Daily  

Saudi Arabia calls for a shift towards sustainable growth during the 8th Future Investment Initiative. The country's chairman, Yasir Al-Rumayyan, emphasizes the importance of investing in a future that benefits both economies and societies. The conference focuses on global investments aimed at addressing major issues, including artificial intelligence, robotics, education, energy, space and sustainability.

Saudi Arabia transitioning to green circular carbon economy：FII
1 month, 3 weeks ago

Saudi Arabia transitioning to green circular carbon economy：FII

China Daily  

Minister of Energy of Saudi Arabia Prince Abdulaziz bin Salman Al Saud delivers a speech at the 8th Future Investment Initiative in Riyadh, Saudi capital, on Oct 29. SCREEN GRAB / CHINA DAILY Saudi Arabia is undergoing a significant transition in the energy sector towards a cleaner economy, as highlighted by participants at the 8th Future Investment Initiative held from …

World not ready to ‘switch off’ fossil fuels, UAE says
1 year, 7 months ago

World not ready to ‘switch off’ fossil fuels, UAE says

Al Jazeera  

Deep divisions exist among nations over how to combat the growing peril of global warming ahead of UN negotiations, known as COP28, to be held in Dubai in December. UAE Minister of Climate Change and Environment Mariam Almheiri said phasing out fossil fuels would hurt countries that either depend on them for revenue or cannot easily replace hydrocarbons with renewable …

Saudi Aramco’s 2022 net profit jumps to 46% as oil demand rises
1 year, 9 months ago

Saudi Aramco’s 2022 net profit jumps to 46% as oil demand rises

Hindustan Times  

Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter. The results -- the strongest since Aramco became a listed company in 2019 -- were "predominantly due to the impact of higher crude oil prices and volumes …

‘Rapidly decarbonise’: Energy industry must lead climate fight
1 year, 9 months ago

‘Rapidly decarbonise’: Energy industry must lead climate fight

Al Jazeera  

UAE’s COP president says oil-and-gas industry must take charge of the battle against planetary warming. The oil-and-gas industry must lead the fight against climate change, the president of this year’s United Nations climate talks says. “In fact, this industry must take responsibility and lead the way,” al-Jaber, who is also the minister of industry of the United Arab Emirates and …

A major oil exporter is hosting a UN climate summit. Opinions are divided
1 year, 11 months ago

A major oil exporter is hosting a UN climate summit. Opinions are divided

CNN  

Editor’s Note: A version of this story appears in today’s Meanwhile in the Middle East newsletter, CNN’s three-times-a-week look inside the region’s biggest stories. Simon Stiell, the executive secretary of the United Nations Framework Convention on Climate Change on Monday called the UAE’s hosting of the summit a “unique opportunity” at an environmental summit in Abu Dhabi. Global campaigner Corporate …

Who said what? Action and ambition at Cop27’s Saudi Green Initiative
2 years ago

Who said what? Action and ambition at Cop27’s Saudi Green Initiative

The Independent  

“The ambitious Middle East Green Initiative seeks to support regional efforts to eliminate CO2 equivalent emissions by more than 670 million tonnes representing 10% of global contributions. This is in addition to planting more than 50 billion trees, increasing the area covered by trees 12-fold and rehabilitating 200 million hectares of degraded land, thereby helping to reduce global emissions by …

Do the actions match the ambition? The Saudi Green Initiative, one year on
2 years ago

Do the actions match the ambition? The Saudi Green Initiative, one year on

The Independent  

The Saudi Green Initiative kicked off in 2021 with a series of announcements designed to transform Saudi Arabia, the Middle East’s largest country and the world’s second biggest oil economy. To come – 100 billion trees Net Zero for sovereign wealth fund At the start of the week, Saudi Arabia’s Public Investment Fund announced that it will reach net zero …

Saudi Arabia has 'green vision' at COP27, critics unmoved
2 years, 1 month ago

Saudi Arabia has 'green vision' at COP27, critics unmoved

Firstpost  

The effort is part of a large push by Saudi Arabia, which has some of the world’s largest reserves of oil and is a leader of the OPEC oil cartel, to make the case that the nation should be part of the transition to renewable energies while holding on to its role as the top global crude oil exporter Sharm …

‘We will lead the world in green energy,’ Saudi Arabia says
2 years, 1 month ago

‘We will lead the world in green energy,’ Saudi Arabia says

The Independent  

On the north-western coastline of Saudi Arabia, a multibillion-dollar hydrogen plant is under construction. Providing cutting-edge technology for Saudi Arabia’s green goals is ACWA Power, whose chairman and founder, Mohammed Abunayyan spoke today at the Saudi Green Initiative, which is running alongside Cop27 in Sharm el Sheikh. CWA Power’s first renewable plant was built in Bulgaria back in 2010, at …

A look at how Saudi Arabia is delivering on promises made at COP26 in Glasgow
2 years, 1 month ago

A look at how Saudi Arabia is delivering on promises made at COP26 in Glasgow

The Independent  

PLEDGE #1 To halt deforestation and desertification by planting 450 million trees and rehabilitating large swathes of degraded lands by 2030. Opening the Middle East Green Initiative Summit at Cop27 in Sharm el-Sheikh, Saudi Arabia’s Crown Prince Mohammed bin Salman built on the plans announced last year: to reduce global carbon levels by 2.5% by planting 50 billion trees across …

Gore announces fossil fuel emissions inventory at UN summit
2 years, 1 month ago

Gore announces fossil fuel emissions inventory at UN summit

Associated Press  

SHARM EL-SHEIKH, Egypt — A detailed inventory of the top known sources of greenhouse gas emitters launched by former U.S. Vice President Al Gore at the U.N. climate summit in Egypt on Wednesday found that the top 14 individual polluters are all gas and oil fields and their associated facilities, despite their emissions being “significantly underreported.” The inventory was compiled …

Saudi gives huge boost to carbon capture prospects
2 years, 1 month ago

Saudi gives huge boost to carbon capture prospects

The Independent  

While controlling emissions dominates the Cop27 headlines, there’s less focus on stopping harmful gases getting into the atmosphere in the first place. “Global efforts to reduce emissions, including investment in CCS, are still grossly inadequate”, said Jarad Daniels, CEO, Global CCS Institute, despite what he called “unprecedented” interest in technology such as direct air capture. Saudi Arabia’s Crown Prince Muhammed …

Saudi Arabia, the world’s second largest oil-producing nation, has pledged that 50% of electricity will be from renewables by 2030
2 years, 1 month ago

Saudi Arabia, the world’s second largest oil-producing nation, has pledged that 50% of electricity will be from renewables by 2030

The Independent  

Saudi Arabia, the world’s second largest oil-producing nation, has pledged that 50% of electricity will be from renewables by 2030. At the second Middle East Green Initiative Summit held simultaneously with Cop27, HRH Mohammed bin Salman reaffirmed Saudi’s commitment to environmental goals pledging that 50% of the electricity produced inside the kingdom will be from renewable sources by 2030. Today, …

Saudi pledges financial support for its region and sub-Saharan Africa
2 years, 1 month ago

Saudi pledges financial support for its region and sub-Saharan Africa

The Independent  

Saudi Arabia’s Crown Prince Mohammed bin Salman yesterday committed $2.5 billion to support climate action in the Middle East and northern Africa. The Crown Prince said the Saudi investment will support “concerted regional efforts” to “reduce emissions and remove more than 670 million tons of carbon dioxide equivalent”. The Crown Prince also unveiled new measures to capture carbon emissions and …

Saudi crown prince’s investment forum draws back Westerners
3 years, 1 month ago

Saudi crown prince’s investment forum draws back Westerners

Associated Press  

RIYADH, Saudi Arabia — Saudi Arabia’s annual cornerstone investment forum has drawn over 1,000 participants, with big-name U.S. financiers and business leaders back on the stage three years after many stayed away following the international outcry over the killing of a government critic. The forum is Prince Mohammed’s signature event for trying to bring badly needed investments to the kingdom, …

Climate crisis: The world has a long, hard climb to ‘net zero’
3 years, 1 month ago

Climate crisis: The world has a long, hard climb to ‘net zero’

Al Jazeera  

The findings in three major documents will guide the decisions of world leaders at COP26 in Glasgow in tackling runaway climate change. If the world emulates the European Union’s commitment to halving emissions by 2030 and eliminating them altogether by 2050, possibly extracting some CO2 from the atmosphere thereafter, global average temperatures by 2100 will be roughly 1.4C higher than …

Gulf Arab states, squeezed by climate change, still tout oil
3 years, 1 month ago

Gulf Arab states, squeezed by climate change, still tout oil

Associated Press  

RIYADH, Saudi Arabia — The global energy transition is perhaps nowhere more perplexing than in the Arabian Peninsula, where Saudi Arabia and other Gulf monarchies are caught between two daunting climate change scenarios that threaten their livelihoods. That’s a tough needle to thread.” In pledging “net-zero” emissions targets as Saudi Arabia, the UAE and Bahrain have done this month, greenhouse …

Saudi Arabia pledges 2060 target of net-zero emissions
3 years, 2 months ago

Saudi Arabia pledges 2060 target of net-zero emissions

Associated Press  

DUBAI, United Arab Emirates — One of the world’s largest oil producers, Saudi Arabia, announced Saturday it aims to reach “net zero” greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try and curb man-made climate change. Energy exports form the backbone of Saudi Arabia’s economy, despite efforts to diversify revenue as the world …

Top oil exporter Saudi Arabia targets net zero emissions by 2060
3 years, 2 months ago

Top oil exporter Saudi Arabia targets net zero emissions by 2060

CNN  

Saudi Arabia’s crown prince said on Saturday that the world’s top oil exporter aims to reach zero-net emissions by 2060 and will more than double its annual target to reduce carbon emissions. Crown Prince Mohammed bin Salman and his energy minister said OPEC member Saudi Arabia would tackle climate change while ensuring oil market stability, stressing the continued importance of …

Can Saudi Arabia, the world’s second largest oil producer, become a global force tackling the climate crisis?
3 years, 8 months ago

Can Saudi Arabia, the world’s second largest oil producer, become a global force tackling the climate crisis?

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The kingdom, whose vast wealth is grounded in fossil fuels, unveiled its “Saudi Arabia Green Initiative” along with a …

Saudi Arabia ‘to plant 10 billion trees’ in bid to tackle climate change
3 years, 8 months ago

Saudi Arabia ‘to plant 10 billion trees’ in bid to tackle climate change

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Saudi Arabia, one of the …

Saudi Aramco exec: Capturing carbon emissions can help combat climate change (opinion)
4 years, 6 months ago

Saudi Aramco exec: Capturing carbon emissions can help combat climate change (opinion)

CNN  

Editor’s Note: Ahmad O. Al-Khowaiter is chief technology officer of Saudi Aramco. The Intergovernmental Panel on Climate Change considers large scale deployment of carbon capture technology a critical enabler of a low-carbon future. And the International Energy Agency has called for a 20-fold increase in carbon capture capacity in the next decade in order to achieve the world’s climate ambitions. …

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