Saudi Crown Prince Mohammed bin Salman at the inaugural Saudi Green Initiative summit
Saudi Arabia signs up to net zero
Riyadh insists carbon neutrality is compatible with plans to raise oil and gas production
Crown Prince Mohammed bin Salman (MbS), Saudi Arabia’s de facto ruler, took to the stage at the inaugural Saudi Green Initiative summit in the Saudi capital of Riyadh to pledge his country would achieve carbon neutrality by 2060. Designed partly to curry favour with Washington and to polish the young royal’s heavily tarnished international reputation, the move’s symbolism was undoubtedly powerful and was welcomed by those pushing for stiffer commitments from other G20 states in the run-up to Cop26 climate change summit. Domestically, some of the shifts required will be radical. Globally, however, the practical impact will be minimal—the razzmatazz surrounding the proclamation serving also to
Also in this section
27 September 2023
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
26 September 2023
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage
