Saudi Arabia is committed to addressing the challenge of climate change and working towards achieving net zero emissions by 2060. This commitment aligns with the global goal of limiting global warming to well below 2 degrees Celsius above pre-industrial levels, as specified in the Paris Agreement.
Saudi Arabia, being a significant producer of oil, has been at the forefront of discussions surrounding energy and climate change. The Kingdom of Saudi Arabia recognizes the importance of transitioning to a low-carbon economy and recognizes the need to mitigate the impact of climate change on its economy, society, and environment.
Saudi Vision 2030, the kingdom’s strategic development plan, recognizes the significance of environmental sustainability and climate change as key factors in achieving long-term economic prosperity. The plan includes several initiatives aimed at reducing greenhouse gas emissions and promoting renewable energy.
Saudi Arabia has invested heavily in renewable energy projects, with a focus on solar and wind power. The government has set ambitious targets to increase renewable energy capacity and reduce reliance on fossil fuels. By 2023, the kingdom aims to have 9.5 gigawatts of solar and wind power installed, representing a significant milestone in its transition towards a more sustainable energy mix.
Saudi Arabia is also implementing measures to improve energy efficiency across various sectors. The kingdom is investing in energy efficiency programs, such as smart grids and energy-efficient technologies, to reduce energy consumption and mitigate greenhouse gas emissions.
Recognizing the importance of pricing carbon to encourage investment in low-emission technologies, Saudi Arabia is considering implementing a carbon pricing mechanism. This measure will help internalize the external costs of greenhouse gas emissions and incentivize businesses and industries to adopt cleaner and greener technologies.
Saudi Arabia actively engages in international cooperation to combat climate change. The country is a member of the United Nations Framework Convention on Climate Change (UNFCCC) and is actively participating in negotiations and discussions related to climate mitigation and adaptation. Saudi Arabia is also a signatory to the Paris Agreement and is committed to implementing its Nationally Determined Contributions (NDCs).
Saudi Arabia’s commitment to combating climate change and achieving net zero emissions by 2060 demonstrates its recognition of the urgency of the global challenge and its willingness to act. Through its investments in renewable energy, energy efficiency measures, carbon pricing, and international cooperation, the kingdom is working towards a more sustainable and resilient future.