Top oil exporter Saudi Arabia targets ‘net zero’ by 2060
The Peninsula
Riyadh: The Crown Prince of Saudi Arabia said on Saturday that the world's top oil exporter aims to reach zero-net emissions by 2060 and more than doubled its annual target to reduce carbon emissions to almost 280 million tonnes.
HRH Crown Prince, Deputy Prime Minister and Minister of Defense of the Kingdom of Saudi Arabia Prince Mohammed bin Salman bin Abdulaziz Al Saud was speaking in recorded remarks at the Saudi Green Initiative, which comes ahead of the 26th UN Climate Change Conference of the Parties, or COP26, in Glasgow from Oct. 31 - Nov. 12, that hopes to agree on deeper emissions cuts to tackle global warming.
"The Kingdom of Saudi Arabia aims to reach zero-net emissions by 2060 under its circular carbon economy programme in accordance with the kingdom's development plan ... while maintaining the kingdom's leading role in strengthening security and stability of global oil markets," Prince Mohammed said.