Kuwait Commits to Achieving Net Zero Emissions by 2060
Kuwait's foreign minister stated the country's aim to work toward net zero greenhouse gas emissions, making it the fifth member of the Gulf Cooperation Council (GCC) to do so.
Sheikh Salem Abdullah al-Sabah said at the Cop 27 UN climate conference in Sharm el-Sheikh that the Opec country wants to reach net zero carbon emissions in 2060, even though it had promised to reach net zero carbon emissions in its important oil and gas sector a decade earlier, by 2050.
Kuwait now produces a little under 2.9 million barrels per day of crude oil, making it the fifth largest producer in Opec and 47.6 million cubic metres of gas per day.
The country intends to increase its crude oil capacity to 3.5 million barrels per day by 2025 and 4 million barrels per day by 2035 from its current capacity of around 3 million barrels per day.
The foreign minister didn't say much about how the country planned to keep these promises. He just said that Kuwait "has started several projects to protect the environment and cut emissions."
With this announcement, Kuwait has joined the UAE, Saudi Arabia, Bahrain, and Oman in committing to net zero carbon emissions, leaving Qatar as the only GCC member yet to do so.
Source: Argus
Get the ESG Brief in your inbox
One concise email a week — the ratings moves, regulation deadlines, and vetted solutions that matter. Trusted by sustainability and finance teams.
No spam · unsubscribe anytime.
