Tech revolution needed to reach net zero by 2060, Saudi energy minister says
Saudi Arabia’s ambition to reduce carbon emissions to net zero by 2060 hinges on a technological revolution, the country’s energy minister said.
Speaking at the Future Investment Initiative Forum in Riyadh, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud said the goal could be achieved sooner than expected if there are sufficient developments in the technology sector.
âThe circular carbon economy depends on the technology revolution,â he said, adding: âIf technology moves faster, we don’t have to wait until 2060, we could reach it sooner.
Despite promises to reach net zero and become a global leader in renewable energy, Saudi Arabia wants to remain one of the world’s top oil-producing countries, according to a strategy released by the minister.
The âclaim and retain leadershipâ plan shows that the Kingdom aims to maintain its dominance over oil, with âpreeminence in energy marketsâ listed as one of its main goals.
Energy security, economic prosperity and human well-being are the three key pillars of Saudi Arabia’s circular carbon economy program, the minister added.