Monday 25 October 2021

Saudi Arabia commits to net zero by 2060

Saudi Arabia has committed to net zero emissions by 2060.

The world’s largest oil exporter joins more than 100 countries that have committed to achieving net zero.

The country has stated it will invest more than $180 billion (£130.5bn) to meet that target.

The announcement comes just ahead of the COP26 conference at the end of this month but also follows leaked documents last week, in which the country was urging the UN to relax the need to cut down fossil fuels.

Crown Prince Mohammed Bin Salman announced the country’s net zero target but also said that the Gulf state would continue to produce oil for years to come.

It has also pledged to cut methane emissions by 30% by 2030.

According to the country’s Energy Minister, Abdulraziz Bin Salman, carbon capture technologies would be at the heart of its strategy to reach net zero.