“NET ZERO” GREENHOUSE GAS EMISSIONS BY 2060

Recently, Saudi Arabia, one of the world’s largest oil producers, announced that it will reach “net zero” greenhouse gas emissions by 2060.
The announcement came at the start of the kingdom’s first-ever Saudi Green Initiative (SGI) Forum. SGI aims to raise the vegetation cover, reduce carbon emissions, combat pollution and land degradation, and preserve marine life.

Important points:

Aims to reach zero-net emissions by 2060 under its circular carbon economy programme while maintaining its leading role in strengthening security and stability of global oil markets.
That approach focuses on still unreliable carbon capture and storage technologies over efforts to actually reduce global reliance on fossil fuels.
It would join a global initiative on slashing emissions of methane by 30% from 2020 levels by 2030, which both the United States and the European Union (EU) have been pressing (Global Methane Pledge).
Net-zero, also means carbon neutrality, is a state in which a country’s emissions are compensated by absorption and removal of greenhouse gases from the atmosphere.
It does not mean that a country would bring down its emissions to zero. That would be gross-zero, which means reaching a state where there are no emissions at all, a scenario hard to comprehend.

SOURCE: THE HINDU,THE ECONOMIC TIMES,MINT

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