UK becomes first major economy to pass net zero emissions law. The target will require the UK to bring all greenhouse gas emissions to Net Zero by 2050, compared with the previous target of at least 80% reduction from 1990 levels. This new target cannot be achieved only by implementing energy improvements techniques. Alternative fuel solutions are required to reduce emission level to achieve Net Zero by 2050.
SAFECONOMY project is well aligned with UK Net Zero targets and a combination of solar energy application for 24 hours and carbon capturing and reutilization for liquid fuel production. It will not only open new doors for alternate liquid fuel production from solar energy but also CO2 capture and reduction. The proposed project will establish the ground for this innovative technology for commercial applications in UK and all over the world.
In addition, it will also help to achieve Saudi 2030 vision as announced by Crown Prince Mohammed bin Salman during Saudi Green Initiative (SGI) Forum in Riyadh on 23 October 2021. He said the Kingdom has pledged to double its efforts to lower its carbon emissions from a reduction of 130 million tonnes to 278 million by 2030. The country's National Renewable Energy Program announced that it plans to install 27.3 GW solar by 2023 and 58.7 GW by 2030.