UAE Could Become First OPEC Producer To Pledge Net-Zero By 2050 ...Middle East

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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…

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