Qatar is rapidly developing a green economy

The State of Qatar has come a long way and has made tremendous and rapid progress in building a green economy that can keep pace with global changes, and to this end, Qatar has launched a series of strategies and initiatives covering all components of the national economy as part of its ongoing efforts to develop a diversified economy and achieve sustainable national development.

The State of Qatar has included environmental and sustainability issues in the list of main priorities of its National Vision 2030 and Development Strategy to ensure the use of resources to ensure the survival of future generations, including the use of renewable energy sources, reducing water and energy consumption, improving energy efficiency in industrial processes, and focusing on achieving a balance between human needs and protecting the environment, thereby strengthening the trend of a green economy.
Qatar’s Ministry of Finance recently announced the issuance of green bonds worth a total of US$2.5 billion, a first for the region, marking a new phase in the State of Qatar’s financing of environmental projects aimed at addressing the negative impact of climate change and protecting the environment through sustainable development.
This initiative, along with other projects and initiatives in the field of sustainable development and environmental solutions, confirms that the State of Qatar is on a fast and steady path towards becoming a centre of excellence for the green economic model in the region, in line with its international commitments and the prospects set by the National Vision 2030 to achieve a sustainable balance between economic development, social and environmental protection.
The issuance of green bonds by the State of Qatar follows many other strategies and initiatives, including the energy sector as one of the fundamental pillars of the national economy, with Qatar Energy launching its latest sustainable development strategy, which aims to reduce greenhouse gas emissions by: By 2035, Qatar will capture more than 11 million tons of carbon dioxide using carbon capture and storage (CCS) technology.
The strategy includes a further reduction of carbon emissions from the State of Qatar’s LNG facilities by 35% and from its exploration and production facilities by 25%, an increase of 10% and 25% respectively from previously set targets, reinforcing Qatar’s commitment to supplying clean natural gas at scale in a responsible manner to facilitate the transition to low-carbon energy.
As part of its latest sustainability strategy, Qatar Energy continues to work towards its goals of generating more than 5 GW of solar power, stopping routine natural gas flaring and reducing methane emissions from leaks in the gas supply chain.
The State of Qatar’s interest in the green economy is also reflected in its efforts to establish a culture of sustainable development and environmental protection, working to increase recycling processes, reduce the use of natural resources and carbon emissions, and protect biodiversity, which helps to reduce the negative impact on the climate and achieve a balance between human needs and the protection of the environment for future generations.