Mohamad Bin Salman speaking at the Future Investment Initiative. Photo Credit: Screen Grab

Environment Saudi Arabia17. April 2021

The World Leader in Oil and Gas Is Now Going Green

The Kingdom of Saudi Arabia, the world leader in fossil fuel (oil & gas) production, is proposing ambitious green initiatives, betting on a more sustainable future for the country and the Middle East region.

“As a leading global oil producer, we are fully aware of our responsibility in advancing the fight against the climate crisis, and that just as we played a leading role in stabilizing energy markets during the oil and gas era, we will work to lead the coming green era,” says Crown Prince Mohammed bin Salman about the Green Saudi and Green Middle East initiatives.

As part of the initiative, carbon emissions will be reduced by 60%, and 50 billion trees will be planted, becoming the world’s biggest afforestation project. According to the initiatives, 50% of the Kingdom’s electricity should be provided by renewable energy sources by 2030, and the use of clean hydrocarbon technologies will help to eliminate more than 130 million tons of carbon emissions. “This is just the beginning. The Kingdom, the region, and the world at large need to move forward at an accelerated pace in the fight against climate change.”

Arab News

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