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NEOM plans to be the best place in the world for renewable energies

Jada Saudi Arabia plans to launch investment funds for “NEOM”

Eng. Nazmi Al-Nasr, NEOM’s CEO, announced that NEOM will be the world’s first renewable-energy-only zone, as well as the ideal location for solar and wind energy.

The Green Saudi Initiative’s annual meeting in Riyadh focuses on releasing new environmental programs for the Kingdom and monitoring the effect of previously announced activities to meet the initiative’s goals.

Al-Nasr also revealed the deadline for producing green hydrogen in NEOM, which is set for 2025, explaining that the project, which is estimated to be the size of a country like Belgium, is reliant on three energy sources, one of which is the green hydrogen project, which is nearing completion and will be implemented by International companies.
The Kingdom said at the start of the conference that it had signed the “Worldwide Commitment on Methane,” which aims to cut global methane emissions by 30% and that it had initiated energy programs that will reduce carbon emissions by 278 million tons annually by 2030, a voluntary reduction. The Kingdom declared emission reduction objectives, intending to achieve zero-neutrality by 2060 via a circular carbon economy model.

Saudi Arabia will showcase its plans to undertake the Green Saudi Initiative and the Green Middle East Initiative over three days by planting a variety of tree species that will benefit the region’s ecology.

The Green Saudi Initiative, which was initially announced in March, comes ahead of the UN Climate Change Conference (COP26) in Glasgow, will take place from October 31 to November 12, to reach an agreement on increased emissions reduction to battle global warming.

The Paris climate accord aims to accomplish environmental goals as part of a global effort to keep global average temperatures below 1.5 degrees Celsius above pre-industrial levels.

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