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 to OPEC . Oil discoveries in the UAE, the first in the late 1950s, have made the emirates a wealthy country with a high standard of living. According to Bloomberg’s sources, the UAE could be looking to make a net-zero announcement ahead of the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow in November. The UAE is “certainly working on a whole-of-government […]