Saudi Arabia to join ‘Net Zero Producers Forum’ on climate change

Current GK (RBI Ast) International Affairs

Saudi Arabia will join the United States, Canada, Norway, and Qatar in forming ‘Net Zero Producers Forum’.
The forum has been formed for the oil and gas producers to discuss how to support the implementation of Paris Agreement on Climate Change.
It aims to develop pragmatic net zero emission strategies.
It will aim at Methane abatement.
Also, it will target in advancing the circular carbon economy approach.
It will promote development and deployment of clean energy.
It will support the development of carbon capture and storage technologies.
Above all, it will march towards diversifying from reliance on hydrocarbon revenues.
Saudi Arabia is to reduce its carbon emissions by generating 50% of its energy requirements from renewable sourced by 2030. It is to be noted that Saudi Arabia is the world’s biggest crude oil exporter.