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07.11 - 15:10
Saudi Arabia sets target of net zero greenhouse gas emissions by 2060
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One of the world’s largest oil producers, Saudi Arabia, has announced it aims to reach net zero greenhouse gas emissions by 2060 to curb manmade climate change.
Alongside the pledge made on Saturday the Saudis made no mention of reducing investment in oil and gas or moving away from the production of fossil fuels. Riyadh is forecast to make $150bn (£109bn) in oil revenues this year alone.
The announcement, made by Crown Prince Mohammed bin Salman at the start of the kingdom’s first Saudi Green Initiative Forum, was made ahead of the Cop26 climate conference in Glasgow, Scotland.
The prince vowed Saudi Arabia will plant 450m trees and rehabilitate huge swaths of land by 2030, reducing more than 270m tons of carbon emissions a year and
Read more on theguardian.comAbout this in other media
Big oil wisely acts as a climate ally, but the rising crude price is far from net zero theguardian.com /3 years ago
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Banks are still financing fossil fuels – while signing up to net zero pledges theguardian.com /3 years ago
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