Saudi Arabia Commits $2.5 bn for Middle East Green Initiative

Saudi Arabia Commits $2.5 bn for Middle East Green Initiative

• Saudi Arabia’s Crown Prince Mohammed bin Salman said, the kingdom would contribute $2.5 billion to a green initiative in the Middle East over the next ten years, and host its headquarters.
• The Kingdom’s sovereign wealth fund, the Public Investment Fund, will also aim for net-zero carbon emissions by 2050, the crown prince said in Sharm El-Sheikh in Egypt, as world leaders gathered for the COP27 climate change conference. Saudi Arabia plans to rely on renewables for 50 percent of its electricity generation by 2030, the crown prince said, removing 44 million tons of carbon emissions by 2035.

October Weekly Current Affairs (Science & Technology) Bitbank: Where is Pitt Island located?

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 11 Nov 2022 06:33PM