Gulf oil producers present big renewables plans ahead of COP26 Oil remains key, but NOCs look to offset a large part of emissions Renewables investment fits in long-term low-carbon energy strategy Net-Zero is a phrase we’re hearing a lot of at the moment, as the world gears up for COP26. Certain Western economies are already on track to reduce emissions, but in the oil-producing hub of the world, namely the Arabian Gulf, Net-Zero is more of an abstract term. This weekend Saudi Arabia, the world’s largest oil producer, committed to a Net Zero 2060 strategy. In this respect, it follows in the footsteps of its regional neighbor, the UAE, which has gone even further in pledging Net-Zero by 2050. As the world’s largest producers of fossil fuels, ‘going green’ may sound like a paradox, but Gulf Governments clearly think otherwise. Their timing in the lead-up to COP26 is far […]