Letter from the Middle East: UAE mulls going net zero
The hydrocarbons producer could look to unlock certain benefits by being in the regional low-carbon vanguard
There are increasing hints the UAE may be about to make a commitment to net-zero carbon emissions. Although following several large developed countries as well as China, it would be a remarkable step for a leading and growing oil exporter. Such a decision would raise two important questions: why, and how? Net-zero commitments call for CO₂ and other greenhouse gas emissions to be reduced as far as possible and for any residual emissions to be mopped up, for instance by reforestation or direct removal of atmospheric CO₂. News agency Bloomberg suggested the UAE could make a declaration before the next UN climate conference, Cop26, in Glasgow this November, potentially linked to the UAE’s ambiti
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind