Space Travel News  
OIL AND GAS
Oil-reliant Saudi Arabia faces questions over 'net zero' pledge
By Mohamad Ali Harissi
Dubai (AFP) Oct 24, 2021

Saudi Arabia's pledge to achieve net zero carbon emissions by 2060 must go hand-in-hand with a plan to phase out fossil fuels, experts said on Sunday.

They questioned plans by the world's top oil exporter to raise its production capacity despite the pledge, and Greenpeace raised doubts over the timing of Saturday's announcement.

The watchdog accused Saudi Arabia, one of the world's biggest polluters, of trying to divert criticism at next week's COP26 climate-change summit in Glasgow.

With increasing global urgency to limit global warming, COP26 aims to set the world on a path to net zero by mid-century.

"We question the seriousness of this announcement, as it comes in parallel with plans for the kingdom to increase its oil production," Greenpeace MENA campaigns manager Ahmad El Droubi said in a statement.

Saudi state oil firm Aramco said this month it plans to increase production capacity from 12 million to 13 million barrels a day by 2027.

Riyadh's net zero pledge "seems to simply be a strategic move to alleviate political pressure ahead of COP26", El Droubi said.

For Ben Cahill, senior fellow at the Center for Strategic and International Studies, the kingdom "will have to make a massive push on energy efficiency and decarbonising the power sector."

Saudi Arabia also said it would join a global effort to cut emissions of methane -- another planet-warming gas -- by 30 percent by 2030, while Aramco committed to being a carbon net zero enterprise by 2050.

The United Nations says more than 130 countries have set or are considering a target of reducing greenhouse gas emissions to net zero by mid-century, an objective it says is "imperative" to safeguard a liveable climate.

Carbon neutrality is a balance between emitting carbon and absorbing carbon from the atmosphere.

Saturday's Saudi pledge came after neighbouring United Arab Emirates, also one of the world's biggest oil exporters, said it was targeting carbon neutrality by 2050. Bahrain, which exports refined petroleum, made a promise similar to Saudi on Sunday.

- Oil for water -

Saudi Arabia, the largest crude producer in the Organization of the Petroleum Exporting Countries, also draws heavily on oil and natural gas to meet its growing power demands and desalinate its water.

The sun-drenched desert kingdom, population 34 million, is estimated to belch about 600 million tonnes of carbon dioxide per year -- more than France (population 67 million) and slightly less than Germany (population 83 million).

Crown prince and de facto ruler Mohammed bin Salman, who made Saturday's announcement, in 2016 announced his Vision 2030 to end Saudi Arabia's addiction to oil by diversifying the economy through foreign investments, business opportunities and other measures.

But the wide-ranging initiative has been further complicated by the coronavirus and falling crude prices, and oil still makes up more than 70 percent of the kingdom's export value.

In its announcement on Saturday, Saudi Arabia also said it plans to invest in "new energy sources, including hydrogen".

However, hydrogen "maintains the status quo of dependency on fossil fuels", which are used in its production, said El Droubi. He urged the Saudis to "prioritise phasing out fossil fuels and replacing them with renewable energy".

- Waiting for detail -

In his announcement, the crown prince targeted reducing carbon emissions by 278 million tonnes annually by 2030, and said more than 450 million trees would be planted in the first phase of a plan to grow billions in the coming decades.

Aramco's goal of carbon neutrality by 2050 only includes emissions from its own operations. According to Bloomberg, more than 80 percent of the company's total emissions come from customers burning its fossil fuels.

The Saudi announcements were hailed by British Prime Minister Boris Johnson, the COP26 host.

He said the "landmark pledge to reach net zero emissions by 2060 is a major step forward".

COP26 president Alok Sharma also welcomed the news, adding: "I look forward to the detail."

Cahill, of CSIS, was more cautious.

"Direct crude burn in power generation will have to be phased out, and renewable energy will have to gradually displace gas," he told AFP.

mah/th/it

Saudi Aramco


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Top oil exporter Saudi Arabia targets zero carbon emissions by 2060
Riyadh (AFP) Oct 23, 2021
Top crude exporter Saudi Arabia will aim to achieve net zero carbon emissions by 2060, its de facto ruler said on Saturday, days before the COP26 global climate summit. The kingdom, one of the world's biggest polluters, said it would also join a global effort to cut methane emissions by 30 percent by 2030. The UN says more than 130 countries have set or are considering a target of reducing greenhouse gas emissions to net zero by 2050, an objective it says is "imperative" to safeguard a liveable ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
OIL AND GAS
Hear sounds from Mars captured by Perseverance Rover

Life on Mars: simulating Red Planet base in Israeli desert

NASA plans careful restart for Mars helicopter after quiet period

NASA selects crew for simulated trip to a Mars Moon

OIL AND GAS
Samples from China mission show Moon 'active' more recently than thought

Mixing system prototype for future greenhouses on the Moon

Empowering Artemis with communications and navigation interoperability

Lasers to probe origin of life on a Moon

OIL AND GAS
The unusual magnetic fields of Uranus and Neptune

Hubble Finds Evidence of Persistent Water Vapor in One Hemisphere of Europa

SwRI scientists confirm decrease in Pluto's atmospheric density

Hubble shows winds in Jupiter's Great Red Spot are speeding up

OIL AND GAS
Researchers call for armchair astronomers to help find unknown hidden worlds

Scientists find evidence the early solar system harbored a gap between its inner and outer regions

NASA scientist looks to AI, lensing to find masses of free-floating planets

First planet to orbit 3 Stars discovered

OIL AND GAS
South Korea launches own space rocket for the first time

Rocket Lab to recover Electron Rocket, introduce helicopter support operations

China describes hypersonic test as a space vehicle trial

Successful static firing test with DLR involvement

OIL AND GAS
Chinese astronauts arrive at space station for longest mission

China's longest-yet crewed space mission impressive, expert says

Chinese astronaut bridges gender gap

Test conducted to verify spacecraft technology, FM says

OIL AND GAS
Is Planetary Defense PI in the Sky?

To watch a comet form, a spacecraft could tag along for a journey toward the sun

How the Sun Affects Asteroids in Our Neighborhood

Highly porous rocks responsible for Bennu's surprisingly craggy surface









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.