Saudi Arabia Plans to Replace Oil With Solar & Renewables By 2040

Saudi Arabia, a leading oil exporter, aims to reach net-zero carbon emissions by 2060, Crown Prince Mohammed bin Salman said Saturday. Saudi Arabia, the world’s top oil exporter, has had some of the world’s…

Saudi Arabia Plans to Replace Oil With Solar & Renewables By 2040

Saudi Arabia, a leading oil exporter, aims to reach net-zero carbon emissions by 2060, Crown Prince Mohammed bin Salman said Saturday.

Saudi Arabia, the world’s top oil exporter, has had some of the world’s lowest emissions levels.

That’s because its oil was produced with less than 1 percent sulfur content, a type of pollution not typically found in gas-fired power stations and refineries. That pushed the kingdom’s carbon emissions levels down to the lowest in the world.

The country, however, still produces more oil than all other large oil exporters combined.

That has meant it relies heavily on renewable and nuclear power to meet its own energy needs, not to mention being a major supplier of cheap oil to the U.S. and other oil-consuming countries.

Prince Mohammed, in a speech commemorating King Abdullah bin Abdulaziz, Saudi Arabia’s late monarch, told hundreds of thousands of Saudis who attended the military parade for the ascension of the country’s new crown prince, Mohammed bin Salman, that the kingdom, the world’s top oil exporter, aims to reach net-zero carbon emissions by 2060.

Prince Mohammed said the country is planning to replace oil production with renewables and gas by 2040.

The new oil minister said Saudi Arabia is currently the world’s second-largest producer of solar electricity, and that it wants to grow that capacity to 15 gigawatts by 2030.

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