Written by Adekunle Adeyemi, CNN
Saudi Arabia aims to reach net-zero carbon emissions by 2060, Crown Prince Mohammed bin Salman has announced.
The kingdom’s deputy crown prince, speaking at the One Planet Future Economy Summit in Paris, said the government aims to develop a domestic energy mix which is able to meet 20% of its energy needs solely from renewable sources by 2035.
“Our vision is to help build a truly resilient and renewable energy economy,” he said.
While the details of the plan have yet to be announced, a statement accompanying Prince Mohammed’s speech said energy efficiency measures, traditional energy sources and clean-energy technology would form the basis of the nation’s renewable energy plan.
The Saudi Arabia’s royal court release. Credit: Greg Baker/AFP/AFP/Getty Images
“We will develop the framework for a renewable energy economy based on clean energy from solar, wind, solar thermal, biomass, geothermal, wave and tidal energy sources,” it read.
The conference is being hosted by the Prince Mohammed Bin Salman Foundation, a non-profit associated with the Saudi government. A royal court statement accompanying the Crown Prince’s speech said the event was being held in collaboration with Prince Mohammed’s Vision 2030 reform program.
The prince’s policy is one of the aims of his “Vision 2030” plan to overhaul the Saudi government and leave a sustainable legacy behind it.
Saudi Arabia is one of the world’s leading oil exporters, and hopes to reduce its dependency on fossil fuels as part of its reform strategy.
But Saudi Arabia remains deeply dependent on the fossil fuel market, according to the World Bank, and is aiming to curb its reliance on crude oil imports by 2030.