Saudi plan for carbon neutrality must be accompanied by a gradual phase-out of fossil fuels: experts – Roya News English

Saudi plan for carbon neutrality must be accompanied by a gradual phase-out of fossil fuels: experts – Roya News English

Saudi Arabia recently announced a date to achieve carbon neutrality, but experts believe that this pledge must go hand in hand with a plan to phase out fossil fuels instead of increasing investment in them.

It seems that the announcement of the largest exporter of oil to achieve carbon neutrality, strengthens the position of the Kingdom and its young de facto ruler, Crown Prince Mohammed bin Salman, before the global climate summit "COP26" in Glasgow at the end of this month.

But despite the announcement, the wealthy country that depends on exports of fossil fuels stressed that these goals cannot be achieved without continuing to invest and export oil for decades in order to finance the transformation process.