One of OPEC’s largest producers, the United Arab Emirates (UAE), is considering the potential adoption of a net-zero by 2050 goal, Bloomberg reported on Thursday, citing sources with knowledge of the talks. If the Gulf oil producer joins major industrialized nations in the net-zero emissions commitments, it will become the first major petrostate to balance major emission-reduction goals with its important oil and gas industry.
Around 30 percent of the country’s gross domestic product (GDP) is directly based on oil and gas output, according…UAE Could Become First OPEC Producer To Pledge Net-Zero By 2050
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