Qatar is making rapid strides to establish a green economy

Written By Mark

The State of Qatar has come a long way and achieved tremendous and rapid steps towards establishing a green economy capable of keeping pace with global changes, by launching a number of strategies and initiatives that include all components of the national economy, as part of its tireless endeavors to develop a diversified economy and achieve sustainable development in the country.

The State of Qatar places environmental and sustainability issues on the list of main priorities within its National Vision 2030 and in its development strategies, to preserve the use of resources in a way that ensures their existence for future generations. This includes the use of renewable energy sources, reducing water and energy consumption, improving energy efficiency in industrial processes, and focusing on achieving Balancing human needs and preserving the environment, which enhances green economy trends.
The Ministry of Finance’s recent announcement of the issuance of green bonds with a total value of $2.5 billion, the first of its kind in the region, marks the entry of the State of Qatar into a new phase of financing environmentally friendly projects, which aims to combat the negative effects of climate change and protect the environment through development. Sustainable.
This initiative and other projects and initiatives in the field of sustainability and environmentally friendly solutions confirm that the State of Qatar is moving forward with rapid and steady steps on the path to becoming an exceptional center in the region for the green economy model, in line with its international commitments and with the perspective set by its National Vision 2030 to achieve a sustainable balance between economic development Social and environmental conservation.
The State of Qatar’s issuance of green bonds was preceded by many other strategies and initiatives, which included the energy sector as one of the basic pillars of the national economy, as Qatar Energy launched its updated sustainability strategy, which aims to reduce greenhouse gas emissions through carbon capture and storage (CCS) technology to capture more than 11 million tons. of carbon dioxide in Qatar by 2035.
The strategy includes further reducing carbon emissions in liquefied natural gas facilities in the State of Qatar by 35 percent, and in exploration and production facilities by 25 percent, an increase of 10 percent compared to the previous goals set by 25 percent and 15 percent, respectively, which reinforces Qatar’s commitment to supply Cleaner natural gas responsibly and at scale to facilitate the transition to low-carbon energy.
As part of its updated sustainability strategy, Qatar Energy continues to pursue its efforts to achieve the goals of generating more than 5 gigawatts of solar energy, stopping routine gas flaring and reducing leakage methane emissions along the gas industry chain.
The State of Qatar’s interest in the green economy is also evident through its efforts to establish a culture of sustainability and environmental preservation by working to increase the recycling process, reduce the use of natural resources and carbon emissions, and preserve biodiversity, which contributes to reducing negative impacts on the climate, achieving a balance between human needs and preserving… environment for future generations.