Skip to content Skip to Search
Skip navigation

Saudi climate chief says on track to meet net-zero pledge by 2060

Vegetation, Plant, Rainforest REUTERS/Bruno Kell
Abuleif says the country is in a great position to meet its 2030 and 2060 goals

Saudi Arabia will meet its net-zero pledge by 2060, although global technologies have not fully “matured”, Arab News reported, citing Saudi chief climate change negotiator Khalid Abuleif.

He said that the kingdom is in a great position to meet the short- and long-term goals of 2030 and 2060.

Abuleif stated that the country could achieve its goals in advance if the technologies could mature early.

“Saudi Arabia is investing heavily to make these technologies ready earlier, through two major initiatives,” the official said, referring to the Saudi Green Initiative and the Middle East Green Initiative.

The kingdom hosted the second editions of the Saudi and Middle East Green Initiative summits on the sidelines of Cop27, showcasing programs and initiatives launched and implemented to promote circular carbon economy, wildlife rehabilitation and sustainability.

In October, oil major Saudi Aramco announced the creation of a $1.5 billion Sustainability Fund to invest in technology to support energy transition.

The largest sustainability-focused venture capital fund globally plans to invest in technologies that support the company’s announced net-zero 2050 ambition in its wholly-owned operational assets and develop new lower-carbon fuels.

Latest articles

FILE PHOTO: United Arab Emirates Minister of State for Foreign Trade Thani Al Zeyoudi gestures during an interview with Reuters in Dubai, United Arab Emirates, June 30, 2022. REUTERS/Abdel Hadi Ramahi/File Photo

UAE and Kenya complete Cepa negotiations

The UAE and Kenya have completed negotiations on a comprehensive economic partnership agreement (Cepa) between the two countries. It is the 12th Cepa deal secured by the UAE and its third in Africa, after agreements were signed last year with Mauritius and the Republic of the Congo (Congo-Brazzaville). “The UAE-Kenya Cepa will not only boost […]

Adnoc has bid for German polymer manufacturer Covestro but its offers €55 and €57 per share were rejected

Adnoc faces hurdles in completing ambitious European deals

Abu Dhabi state oil company Adnoc is facing challenges to a duo of major European deals it is trying to get over the finish line, according to media reports. Talks with Austrian energy group OMV have been put on hold to allow parties to navigate a series of disagreements, the Financial Times reported on Friday. […]

The 450 companies operating at Dubai Science Park include AstraZeneca, and the free zone plans to add 200,000 sq ft of lab and office space

Dubai Science Park reveals expansion plans

Dubai’s biotechnology free zone is adding 60 percent more offices, laboratories and warehouses over the next few years to cater for an influx of new companies, its senior vice-president told AGBI.  Dubai Science Park, part of Dubai-listed Tecom Group, is planning an expansion of 200,000 sq ft of additional storage and logistics facilities at the […]

A worker at a phosphate production plant in Metlaoui, Tunisia. Phosphate accounts for 15% of Tunisia's exports

Saudi Arabia loans $55m for Tunisian rail renewal

Saudi Arabia has signed a $55 million loan deal with Tunisia to finance the renewal of the North African country’s rail network.  The railway is used to transport phosphate, a sector that makes up around 4 percent of Tunisia’s GDP and 15 percent of the country’s exports. Tunisia plans to produce eight million tonnes by […]