The COP28 summit opened today with a decision to discuss financing the loss and damage fund, in the hope of reaching an agreement before moving onto more complex topics.
The UAE, which was the first Middle Eastern country to announce a net zero emissions target by 2050 and will host the 2023 UN-led climate conference, sees itself at the forefront of the regional energy transition.
Saudi Aramco says it hopes to achieve net zero SCOPE-1 and SCOPE-2 greenhouse gas emissions across its fully owned operations by 2050, but warns that achieving this in less than three decades will not be easy.
Against a backdrop of declining crude production, the Omani government has partnered with BP to target the widespread exploitation of renewables and hydrogen.