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
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30