Business · Energy & Commodities · 5 hrs ago

Saudi Arabia targets 44 million tonnes of annual carbon storage

Saudi Arabia targets 44 million tonnes of annual carbon storage

At the COP31 climate conference in Antalya, Turkey, Saudi Energy Minister Prince Abdulaziz bin Salman set a carbon storage target of 44 million tonnes a year over the next decade.

He said renewable energy projects under development in Saudi Arabia have a combined capacity of about 79 gigawatts.

Carbon capture and storage is a way to collect carbon dioxide and keep it from entering the atmosphere.

The minister said countries should cut emissions using different technologies and national approaches, rather than follow one prescribed path.

He argued that climate action should be balanced with energy security and economic development, and called for developing countries to get financing and modern technology.

Saudi Arabia reaffirmed its commitment to the UN climate convention and the Paris Agreement, while its carbon storage target looks ahead to the next decade.

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Prince Abdulaziz bin SalmanSaudi energy minister
Over more than three decades of international work, the ability of joint cooperation to make progress in addressing climate change has been proven.
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