Middle East Oil Producers Are Making Ambitious Renewable Energy Pledges

Net-Zero is a phrase we’re hearing a lot of at the moment, as the world gears up for COP26. Certain Western economies are already on track to reduce emissions, but in the oil-producing hub of the world, namely the Arabian Gulf, Net-Zero is more of an abstract term. This weekend Saudi Arabia, the world’s largest oil producer, committed to a Net Zero 2060 strategy. In this respect, it follows in the footsteps of its regional neighbor, the UAE, which has gone even further in pledging Net-Zero by 2050. As the world’s largest producers…