Oman Updates Net Zero Strategy and Launches National Carbon Market Framework

Oman has unveiled an updated national net-zero strategy alongside a new carbon market framework as the Sultanate accelerates efforts to build a low-carbon economy and achieve carbon neutrality by 2050. The announcement was made on May 13, 2026, by the Ministry of Energy and Minerals during the Oman Sustainability Week events in Muscat.

The updated strategy introduces revised emissions-reduction pathways across major sectors including energy, transport, heavy industry, and waste management. Oman’s Minister of Energy and Minerals, Eng. Salim bin Nasser Al Aufi, said the new roadmap is designed to strengthen long-term climate resilience while supporting economic diversification under Oman Vision 2040.

A key component of the announcement was the launch of Oman’s national carbon market framework, which aims to establish standards for carbon credit generation, trading, and emissions accounting. Officials said the framework will support investments in carbon reduction projects, renewable energy, and nature-based climate solutions while helping businesses align with emerging global carbon regulations.

The government also highlighted the growing role of green hydrogen, solar power, and wind energy in Oman’s decarbonisation plans. Several renewable energy and hydrogen projects are currently under development as the country seeks to position itself as a regional hub for clean energy exports and sustainable industrial growth.

Officials stated that the updated strategy and carbon framework are expected to improve investor confidence, support emissions transparency, and strengthen Oman’s participation in global climate and carbon markets as international pressure for decarbonisation continues to grow.

A live national carbon-market framework transforms Oman from a jurisdiction with net-zero ambitions into one with actual carbon-price signals, and that affects industrial-decarbonisation investment cases almost immediately. Our climate-action and responsible-investment teams help clients evaluate what Omani carbon-market participation means for their strategy and disclosure.