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Oman targets up to 33% emissions cut by 2035

Created at 3 Aug · 4:41 PM1 source↑ Market-relevant
IN SHORT

Oman has unveiled a new climate plan aiming for an emissions reduction of up to 33% between 2024 and 2035. The country committed to an unconditional reduction of 7% by 2035, with an additional 26% reduction contingent on international support.

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Key Numbers

33%potential emissions cut by 2035
7%unconditional emissions reduction by 2035
26%conditional emissions reduction by 2035
2024-35emissions reduction timeframe
93.6mn t/CO2eestimated 2024 emissions
2050net zero target year
1mn t/yrgreen hydrogen production target by 2030
8.5mn t/yrgreen hydrogen production target by 2050
$31bnestimated investment for emission reduction (2026-35)
30.4mn t/yrCO2e to be abated
0.4°Cmean temperature increase per decade (1980-2013)

Who's Involved

Oman
country releasing new climate plan with emissions reduction targets
UNFCCC
UN climate body receiving national climate plans

↳ Why This Matters

Oman's updated climate plan signals its commitment to global emissions reduction goals, while also highlighting the economic challenges of transitioning away from oil dependence and the need for international cooperation to achieve ambitious targets.

Key facts

  • Oman aims for an absolute emissions reduction target of up to 33% between 2024 and 2035.
  • An unconditional reduction of 7% in emissions by 2035 is committed.
  • An additional 26% reduction is conditional on international financial or technical support.
  • Oman's 2024 emissions were estimated at 93.6 million tonnes of CO2 equivalent.
  • The country plans to reach net zero carbon emissions by 2050.
  • An investment of $31 billion is estimated for emission reduction efforts from 2026-35.

Oman has introduced a new climate plan targeting an absolute emissions reduction of up to 33% between 2024 and 2035, contingent on international support. The government has committed to an unconditional reduction of 7% by 2035 from a 2024 baseline, with an additional 26% reduction possible if external financial or technical assistance is received.

Oman's estimated total emissions for 2024 stand at 93.6 million tonnes of CO2 equivalent. The country has shifted its baseline approach to use 2024 figures instead of a business-as-usual trajectory. The long-term goal is to achieve net zero carbon emissions by 2050.

Strategies to achieve these reductions include expanding renewable energy sources, enhancing energy efficiency, and sustainably managing land and water resources to maximize carbon sinks. The plan also outlines initiatives such as increasing waste-to-energy capacity, managing landfill methane emissions, and exploring the gradual adoption of carbon capture, use, and storage (CCUS) technologies in heavy industries. Green hydrogen is highlighted as a significant pathway for economic diversification, with targets for production set at least 1 million tonnes per year by 2030 and up to 8.5 million tonnes per year by 2050.

Despite these climate goals, Oman's economy remains heavily reliant on oil and gas exports. The government is pursuing economic diversification, aiming to reduce the oil sector's contribution to GDP to 16% by 2030 and 8.4% by 2040. In the fourth quarter of 2024, oil activities represented 32% of the country's GDP.

The plan details an estimated investment of $31 billion required between 2026 and 2035 to achieve the emission reduction targets, aiming to abate 30.4 million tonnes per year of CO2e across various sectors. A significant portion of the plan also addresses adaptation measures to cope with the impacts of climate change. Oman is particularly focused on water stress and availability, noting a warming trend with mean temperatures increasing by approximately 0.4°C per decade from 1980 to 2013. This submission marks Oman's third nationally determined contribution (NDC) under the Paris climate agreement.

Frequently asked questions

Oman aims for an absolute emissions reduction of up to 33% between 2024 and 2035, with a net zero goal by 2050.

The unconditional target is 7% reduction by 2035, while the conditional target of an additional 26% reduction relies on external financial or technical support.

An estimated $31 billion is required between 2026 and 2035 to achieve the emission reduction targets.

Strategies include expanding renewable energy, improving energy efficiency, sustainable land and water resource management, waste-to-energy, methane management, and carbon capture technologies.

What Happens Next

01Oman will implement its climate plan over the 2024-35 period.
02International support will determine the extent of conditional emissions reductions.
03Oman will continue to pursue economic diversification away from oil.

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How It Developed

Oman released a new climate plan with an emissions reduction target.
The plan includes an unconditional reduction of 7% by 2035.
An additional 26% reduction is conditional on international support.
Oman's total emissions in 2024 were estimated at 93.6 million tonnes of CO2 equivalent.
The country aims to reach net zero carbon emissions by 2050.
Oman plans to expand renewable energy, improve energy efficiency, and manage land/water resources.
Waste-to-energy, methane management, and CCUS are also part of the strategy.
Green hydrogen is identified as a diversification pathway with production targets.

Sources

T1
Oman eyes potential 33pc emissions cut over 2024-35Argus Media

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