Oman Unveils Net-Zero Roadmap And Carbon Market Framework To Drive Green Energy Transition

The Sultanate of Oman has introduced an updated national roadmap and a new regulatory framework for carbon markets as part of its long-term strategy to achieve net-zero emissions by 2050. The plan was unveiled by the Ministry of Energy and Minerals and is aimed at ensuring an orderly transition that supports environmental goals while maintaining economic growth and energy security.

According to the latest government data, Oman’s greenhouse gas emissions reached nearly 94 million tonnes of carbon dioxide equivalent in 2024. Officials warned that emissions could increase to around 127 million tonnes by 2050 if no major action is taken. To address this challenge, the country has announced a target to cut emissions by 33% by 2035 compared to 2024 levels. The target includes a mandatory reduction of 7%, while the remaining 26% will depend on international funding, partnerships, and access to advanced technologies.

The roadmap identifies six important technologies that will support the country’s energy transition. These include renewable energy, energy efficiency, electrification, hydrogen, carbon capture and storage (CCS), and battery storage systems. Oman plans to significantly increase the share of renewable energy in its electricity generation mix over the coming decades. Renewable energy is expected to contribute around 10% of electricity generation by 2026, rise to nearly 60–70% by 2040, and eventually reach almost 100% by 2050.

Government officials said the transition will not only reduce emissions but also lower electricity generation costs by nearly half in the future. The plan is also expected to strengthen the economy, with projections suggesting that green energy initiatives and hydrogen exports could increase the country’s GDP contribution by nearly 50% by 2050.

A major highlight of the strategy is the launch of a new regulatory framework for carbon markets. Through this system, Oman plans to convert its emissions reduction targets into verified and tradable carbon credits. The country is also establishing a national carbon register called “Meezan” to support transparency and encourage investments in sustainable projects. Authorities believe the framework will help attract international investors while also creating opportunities for local companies and small businesses to participate in green initiatives.

The Ministry of Energy and Minerals stated that the roadmap is closely linked with Oman Vision 2040, which aims to diversify the national economy and create new employment opportunities in clean energy sectors. While Oman continues to remain an oil and gas producer, the strategy focuses on reducing emissions from hydrocarbons through electrification and CCS technologies instead of a rapid phase-out of fossil fuels.