Saudi Arabia’s Journey toward Net-Zero Emissions: Progress and Challenges

Mazen A. Al-Sinan (), Abdulaziz A. Bubshait and Fatimah Alamri
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Mazen A. Al-Sinan: Procurement & Supply Chain Management, Saudi Aramco, Dhahran 31311, Saudi Arabia
Abdulaziz A. Bubshait: Department of Construction Engineering & Management, King Fahd University of Petroleum and Minerals, Dhahran 31261, Saudi Arabia
Fatimah Alamri: Procurement & Supply Chain Management, Saudi Aramco, Dhahran 31311, Saudi Arabia

Energies, 2023, vol. 16, issue 2, 1-24

Abstract: Combating climate change by reducing greenhouse gas (GHG) emissions has become an obligation for countries that ratified the Paris Agreement. Saudi Arabia, as a member of the Paris Agreement, pledged to achieve net zero emissions (NZE) by 2060. This endeavor is challenging for all countries. This paper provides an analysis and assessment of the Saudi measures to achieve NZE by 2060. The analysis reveals that Saudi Arabia will reduce the total net emissions to 49.67 Mt of CO 2 eq, whereas under a business-as-usual scenario, the emissions would reach 1.724 million tons (Mt) of CO 2 equivalent (CO 2 eq). The study reveals that sectors conducting environmental, social, and governance ratings (ESG) and those where the government is a stakeholder are on the right track and will facilitate the government’s efforts in reaching NZE. The gap in reaching NZE will be mainly due to the Saudi steel and cement industries.

Keywords: Carbon Capture, Utilization, and Storage (CCUS); Circular Carbon Economy (CCE); climate change; GHG; Nationally Determined Contribution (NDC); Net-Zero Emissions (NZE); Saudi Green Initiative (SIG) (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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