May 16, 2022

Dubai Week

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We will achieve net zero carbon emissions by 2050

We will achieve net zero carbon emissions by 2050

Amin Al-Nasser, CEO of Saudi Aramco, has confirmed that the company will reach net zero emissions by 2050, pointing to the adoption of advanced technologies to extract carbon dioxide and reuse it in an environmentally safe manner.

During Nasser’s participation, it came during a dialogue session on the first edition of the annual conference of the Green Saudi Initiative in Riyadh today, Saturday, which is concerned with launching new environmental initiatives for the state. Previously announced efforts. In order to achieve the objectives of the Green Saudi initiative.

Meanwhile, according to Nasser, Aramco will generate hydrocarbon capacity and expand its maximum sustainable production capacity to 13 million barrels per day.

“Saudi Aramco will achieve the goal of achieving net zero emissions from our operations by 2050,” Nasser said during the Green Saudi summit, during which Crown Prince Mohammed bin Salman announced the state’s goal of achieving net zero emissions by 2060.

He pointed out that investing in gas would allow Aramco to eliminate many of the liquids burned in the state.

Al-Nasser warned that there is no global market for green or blue hydrogen, explaining that the country has advanced in the use of advanced technologies related to sustainability.

At the beginning of the forum, the state revealed that it has joined the “Global Commitment on Methane” aimed at reducing global methane emissions by 30%, and has launched energy efforts to reduce carbon emissions by 278 million tons annually by 2030. Voluntary reduction, rather than the weakness of the state‚Äôs declared goals, is related to reducing emissions because the circular carbon economic approach aims to achieve zero-neutrality by 2060.

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In 3 days, Saudi Arabia presents plans to implement the Green Saudi Initiative and the Green Middle East Initiative, by planting several tree species that will improve the ecosystem in the region.

The Green Saudi initiative, first announced in March, comes ahead of the 26th United Nations Climate Change Conference (COP26) in Glasgow from October 31 to November 12, with the aim of acknowledging the reduction of high emissions to combat global warming.

The Paris Climate Agreement seeks to meet environmental goals as part of a global effort to prevent global average temperatures from rising above 1.5 degrees Celsius above pre-industrial levels.