Energy Kuwait commits to be carbon neutral in oil and gas by 2050 By Pramod Kumar November 8, 2022, 7:58 AM Creative Commons The winning consortium will pay a signature bonus of $12.3m to Brazil's federal government Kuwait is committed to becoming carbon neutral in the oil and gas sector by 2050 and across the country by 2060, foreign minister Salem Al-Sabah told state news agency Kuna. The minister said Kuwait’s plan, a major oil exporter and member of Opec, to achieve carbon neutrality is “a solid and serious commitment to which we will commit”. Kuwait has executed many projects to preserve the environment and reduce emissions, Al-Sabah said. He added that Kuwait has stuck to all the commitments it made since the launch of the first climate conference in Brazil in 1992 to the Paris conference in 2015. Kuwait’s Crown Prince Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah affirmed the country’s commitment to regional and international environmental resolutions and initiatives at the Green Initiative for the Middle East Summit held on the sidelines of Cop27. The Middle East Green Initiative was launched by Saudi Crown Mohammed bin Salman last year to reduce regional carbon emissions. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
