Saudi Arabia targets net-zero emissions by 2060
- Date: 24-Oct-2021
- Source: Argus Media
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Arabia targets net-zero emissions by 2060
Dubai, 24 October (Argus) — Saudi Arabia, the world's top crude oil exporter, announced yesterday ambitions to reach net zero greenhouse gas emissions by 2060, setting out an initial $190bn spending plan.
The announcement by Crown Prince Mohammad bin Salman was made at the kingdom's first Saudi Green Initiative Forum in Riyadh, just days ahead of the Cop 26 UN climate meeting in Glasgow next month.
Saudi Arabia joins Russia and China in targeting net-zero emissions by 2060, while the US, EU and neighbouring UAE are aiming for 2050.
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