IMG.gif
Policy

Saudi Net-Zero Pledge Keeps Oil at Its Heart

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
locations/ss715841425-locations-saudi-arabia-riyadh.jpg
  • Saudi Arabia has become the latest Opec producer to commit to net-zero emissions.
  • The move is aimed at giving the kingdom a more credible voice in global climate discussions.
  • But Riyadh will have to back up its argument that fossil fuels can be part of the transition.

In the end, it was just a matter of time before the world's top oil exporter, Saudi Arabia, was going to pledge a net-zero greenhouse gas emissions target. On Saturday, Saudi Crown Prince Mohammed bin Salman announced the commitment at the inaugural Saudi Green Initiative forum in Riyadh, making Saudi Arabia the second Opec member and Mideast Gulf state to set a net-zero target after the United Arab Emirates' pledge earlier this month.

Topics:
Policy and Regulation, Low-Carbon Policy, Opec/Opec-Plus, Carbon Capture (CCS)
Wanda Ad #2 (article footer)
#
Russia's move to call up military reservists is seen in the West as a desperate gamble, but as an appropriate response in Moscow.
Thu, Sep 22, 2022
Trading of Russian oil — never transparent at the best of times — is being driven further underground by western sanctions.
Fri, Sep 23, 2022
The US is not considering restricting oil product exports despite high fuel prices and uncomfortable domestic inventory levels.
Fri, Sep 23, 2022