The Saudi Ministry of Energy announced today that the Kingdom will join the United States, Canada, Norway and Qatar to establish a new forum, the "Zero Neutrality Producers Forum", which is a platform through which oil and gas producing countries discuss how to support the implementation of the Paris Agreement on Climate Change, which represents bringing emissions to the level of neutrality. Zero one of its goals.

An official source in the ministry emphasized that climate change is a challenge to the whole world, and that the Kingdom is committed to fully implementing the Paris Agreement, which takes into account the rights and duties of states, focuses on their own national conditions, and acknowledges that there are different national methods and strategies to reduce and eliminate emissions. That is why the Kingdom called for the adoption of a circular carbon economy, which represents a comprehensive, integrated, inclusive and realistic approach that works on managing emissions.

The source explained that the general objective of the Paris Agreement is to strengthen the global response in the context of sustainable development and poverty eradication, and in order to achieve this, there must be a comprehensive methodology that takes into account the different national and regional conditions.

A joint statement by the forum members stated that “Canada, Norway, Qatar, Saudi Arabia and the United States, who together represent 40% of global oil and gas production, will meet to form a cooperative forum that will develop practical strategies to bring emissions to zero neutrality, including limiting methane emissions. And promoting the circular carbon economy approach, developing and disseminating clean energy technologies, carbon capture and storage, diversifying sources of income that do not depend on hydrocarbon revenues, and other measures that are compatible with the national conditions of each country.

The responsible source added that the Kingdom is one of the strongest supporters of the role that technology and innovation play in efforts to reduce and eliminate emissions, and to help the world achieve the goal of zero neutrality. Reaching this difficult goal will require the cooperation of all members of the international community on all possible solutions.