Categories: Business

Three Arab carbon storage facilities capture 10% of global CO2: Arab Monetary Fund


Thu, 2023-02-23 18:17

RIYADH: Three carbon storage facilities in Saudi Arabia, the UAE and Qatar capture 10 percent of the world’s carbon dioxide annually, according to an Arab Monetary Fund official. 

Abdul Rahman Al-Hamidi, director general and chairman of the organization, revealed that the facilities captured around 40 million tons in 2020. 

The announcement was made during the conference on enhancing the transition to a circular carbon economy to support sustainable development currently taking place in Abu Dhabi.  

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