Saudi Arabia
| Use attributes for filter ! | |
| Currency | Saudi riyal |
|---|---|
| Capital | Riyadh |
| Dialing code | +966 |
| Population | 32. 94 million (2017) |
| Did you know | Saudi Arabia is the fifth-largest Middle Eastern country by population (31,521,000). |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1380637 |
About Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.
Oil firms commit to major fossil fuel cut by 2050 at COP28
... Saudi Arabia s Aramco is one of 50 oil and gas companies pledging to stop adding to planet-warming gases by 2050...
COP28: Huge rise in oil drilling expected from hosts UAE
... Between 2023 and 2050, only Saudi Arabia is expected to produce more...
COP28: Can a climate summit in an oil state change anything?
... But which countries - if any - will put money in the fund? The European Union has indicated it is going to open its wallet, but what about the US and other big economies? China, Saudi Arabia and the Gulf States are still defined as developing countries for COP purposes, by the way, and therefore aren t obliged to pay into funds like this - a big bone of contention...
Saudi investment fund to buy 10% stake in Heathrow airport
...By Mariko OiBusiness reporterSaudi Arabia s Public Investment Fund (PIF) has agreed to buy a 10% stake in Heathrow airport from Spanish infrastructure giant Ferrovial...
COP28: UAE planned to use climate talks to make oil deals
... The briefings show the UAE also prepared talking points on commercial opportunities for its state renewable energy company, Masdar, ahead of meetings with 20 countries, including the UK, United States, France, Germany, the Netherlands, Brazil, China, Saudi Arabia, Egypt and Kenya...
Allow more aid into Gaza, Lord Cameron urges Benjamin Netanyahu in Israel
... Counterparts from Saudi Arabia, Jordan, Egypt, Turkey, Indonesia and Nigeria were there, as well as the secretary general of the League of Arab States and the ambassador of Qatar...
Japan condemns Yemen's Houthi rebels hijack of cargo ship in Red Sea
... The Houthis have been locked in with Yemen s official government - backed by Saudi Arabia - since 2014...
Yemen's Houthi rebels hijack cargo ship in Red Sea
... The Houthis have been locked in with Yemen s official government - backed by Saudi Arabia - since 2014...
Oil firms commit to major fossil fuel cut by 2050 at COP28
By Georgina Rannard Climate reporter at COP28, Dubai
Countries and oil companies at the UN climate talks have promised to make major progress in tackling Global Warming in a large New Energy pledge.
Saudi Arabia 's Aramco is one of 50 oil and gas companies pledging to stop adding to planet-warming gases by 2050.
Around 100 countries also promise to treble the Renewable Energy The World uses by 2030.
However, there will no penalties for missing targets and critics say the promises are not binding.
They only cover the emissions by the oil and gas companies themselves when drilling and processing The Fossil fuels - not the actual burning of oil and gas that produces electricity or powers petrol cars.
They also allow companies to increase oil and gas production in the short-term, as long as it is reduced by 2050.
More on the COP28 climate summitAddressing The Summit on Saturday, COP28 President Sultan al-Jaber said the new pledge " adds up to more countries and more companies from more sectors than ever before, all aligning with our North Star of 1. 5C".
World leaders agreed In Paris in 2015 to limit Global Warming to that amount.
Burning huge amounts of oil, gas and coal is driving Climate Change but leaders cannot yet agree on how fast The World should stop using them.
The UAE says the Decarbonisation Charter will speed up Climate Action as oil and gas companies that account for 40% of The World 's emissions promise to become net zero by 2050.
Reaching net zero means stopping adding greenhouse gases into the atmosphere.
The 50 companies, which also include the UAE's state oil company, also pledge to almost entirely stop releasing the potently planet-heating gas methane during oil and gas production by 2030.
The International Energy Agency has previously said that if The World drills more new oil and gas then The World will not meet its climate pledges, including limiting temperature rise to no More Than 1. 5C.
" The rapid acceleration of Clean Energy is needed, and we've called for the tripling of renewables. But it is only half The Solution , " said Tina Stige, Climate Envoy for the Marshall Islands , which is one of The Nation 's most vulnerable to Climate Change .
" The Pledge can't greenwash countries that are simultaneously expanding fossil fuel production, " she adds.
The UAE's presidency of the COP28 talks has attracted criticism because the country is one The Top 10 oil and gas producers in The World and The Summit 's president Sultan al-Jaber also heads The Giant Abu Dhabi National Oil Company (Adnoc).
More world leaders are addressing COP28 which is in its Third Day .
Pope Francis said the ecological transition to save The World could be done by embracing Renewable Energy , " the elimination of fossil fuels, and education in lifestyles that are less dependant. "
The pontiff was unable to attend the Dubai summit In Person because of illness, so his speech was read by Vatican Secretary of State Cardinal Parolin.
Related TopicsSource of news: bbc.com
