Oman Launches Updated Net Zero Strategy
The Ministry of Energy and Minerals of the Sultanate of Oman has unveiled its updated National Net Zero Strategy alongside a new regulatory framework for carbon markets, reinforcing the country’s commitment to achieving carbon neutrality by 2050 and strengthening its position as a regional hub for green hydrogen and renewable energy.
Announced during a media briefing in Muscat, the strategy sets out a detailed emissions reduction pathway based on the latest national data and aligns climate goals with economic diversification under Oman Vision 2040. Officials said the plan balances environmental targets with industrial growth, energy security, and long-term competitiveness.
A key feature of the updated framework is the establishment of a structured national carbon market system designed to convert emissions reductions into tradable carbon credits. The framework is intended to attract international investment into mitigation projects across multiple sectors while ensuring transparency, regulatory clarity, and alignment with global standards, including mechanisms to prevent double counting.
The strategy also confirms Oman’s ambition to scale up renewable energy significantly, targeting 10% of energy production from renewables by 2026, rising to 60–70% by 2040 and up to 100% by 2050. In parallel, the country continues to expand its green hydrogen sector, with investments already exceeding USD 44 billion across major project rounds.
Officials highlighted that oil, gas, transport, and power generation remain the largest contributors to national emissions, accounting for around 70% of total output. The new roadmap prioritises cost-effective reductions through renewable energy deployment, efficiency improvements, electrification, hydrogen adoption, and carbon capture technologies.
The introduction of the “Meezan” national carbon registry platform was also announced, providing digital infrastructure for issuing, tracking, and trading carbon credits, aimed at improving market integrity and investor confidence.
H2 Bulletin View: Oman’s updated strategy signals a shift from policy ambition to market structuring, with carbon pricing and tradable credits positioned as core financing tools for decarbonisation. The scale of planned renewable and hydrogen expansion suggests a dual-track approach where hydrocarbons remain important in the medium term, but long-term competitiveness is increasingly tied to low-carbon energy exports and credible carbon market participation.
