The heavy dependence on oil constitutes a major obstacle to decarbonizing the economy of the Gulf countries, first and foremost Saudi Arabia, by 2050 to 2060. Indeed, ecological reconversion is slowed down by this increased dependence on oil and the investment volumes do not have an immediate impact to produce convincing results.
In the run-up to COP26 at the end of October, The United Arab Emirates has launched its national programme aimed at achieving carbon neutrality by 2050. .
Riyadh then committed to the same goal by 2060. However, this approach did not bear fruit due to the lack of a methodology to assess its credibility.
Aramco, the national hydrocarbon company, had announced an increase in daily production capacity from 12 to 13 million barrels by 2027. The announcement was made by Mohammed bin Salman just days before he announced Saudi Arabia's green shift.
Meanwhile, the Minister of Energy has been making numerous statements about the ambitions of the world's leading oil exporter and the prospects he is currently studying in this regard.
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