(MENAFN - Gulf Times) Qatar's announcement that it will join hands with four other countries to form a ‘unique' co-operative forum shows its commitment to the Paris Agreement on climate change and the goal of achieving net-zero emissions by 2050.
Besides Qatar, the other members of the ‘net zero producers forum' are the US, Saudi Arabia, Canada, and Norway, which collectively represent 40% of global oil and gas production.
The forum will devise strategies, which include methane abatement and advancing the circular carbon economy approach.
The strategies also include development and deployment of clean-energy and carbon capture and storage technologies, diversification from reliance on hydrocarbon revenues, and other measures in line with each country's national circumstances.