Saudi Arabia to join ‘Net Zero Producers Forum’ on climate change

Saudi Arabia will join the United States, Canada, Norway, and Qatar informing the ‘Net Zero Producers Forum’ for oil and gas producers to discuss how they can support the implementation of the Paris Agreement on climate change.

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Saudi Arabia, the world’s biggest crude exporter, will be part of the new platform, which will discuss ways to achieve net zero carbon emission targets to limit global warming.

In the past, Saudi Arabia’s Crown Prince Mohammed bin Salman has said the kingdom aims to reduce its carbon emissions by generating 50% of the country’s energy from renewables by 2030.

US President Joe Biden unveiled plans to cut emissions by 50%-52% from 2005 levels at the two-day climate summit kicked off on Earth Day and attended virtually by leaders of 40 countries.